Micro Loan 5 Minutes

About Micro Loan 5 Minutes

Loan app is help you to getting information of a loan instant on your mobile and You will learning how to get a different type of loan.

Get Instant Money: Apply for a Loan is app that offers loans, aiming at meeting different people's loan needs. Apply for an instant loan is an online loan application and credit platform for professionals, where you can apply for a loan online with 3 simple steps. Once you fill details, we forward detail to our lending partner so they will contact you via call or email.

Loan characteristics:

- Loan amount from a minimum 10,000 to a maximum 50,000
- Minimum Annual Percentage Rate (APR): 12%, Maximum Annual Percentage Rate: 29% (reducing balance)
- Minimum repayment period: 91 days, Maximum repayment period: 24 months
- Processing Fees: Max ($350, Up to 1%-7% of the loan amount)
- Prepayment Fees: 2.50% prepayment amount
- Your bank may also levy charges in case of a bounce.

Example of Loans
- Amount Borrowed (Principal) = $20000/-
- Interest Rate = 3% monthly Simple Interest
- Tenure = 6 months
- Processing Fee = $600
- Amount disbursed = $20000
- Your EMI amount = $3692
- Interest amount = $2152
- Total Cost of Loan = $600+$2152 = $2752
- APR = (2752/20000)*12/6 = 27%

A representative example of the total cost of the Loan Amount, including all applicable fees:

-️ Loan Amount: $50,000
- Tenure: 12 months
-️ Interest Rate: 22% (on reducing principal balance interest calculation)
-️ EMI: $4,680
-️ Total Interest Payable: $4,680 x 12 months - $50,000 Principal = $6,160
- Processing Fees: $1,475
- Disbursed Amount: $50,000 - $1,475 = $48,525
-️ Total Amount Payable: $4,680 x 12 months = $56,160
- Total Cost of the Loan = Interest Amount + Processing Fees = $6,160 + $1,475 = $7,635.

Our App Security & Privacy:
- App Data security & privacy is given the top priority. We comply with the highest security standards & protocols.
- Your data is transferred over a secure HTTPS connection, and we do not share it with anyone without your consent. All the transactions are secured via 256-bit SSL encryption.

Loan Eligibility:
1. You must need Valid Citizenship of any country
2. You Should have a monthly income.

Steps to Apply for a Loan:
- Download the Loan App
- Provide basic details and wait for 48 hours
- Our Representative will call you to verify your income and ask for bank details if you're eligible for the loan
- Get the money transferred directly to your Bank bank account in a few hours!

If you need any Additional information, You can contact us at our Email.

Disclaimer Note:
This app does not give any type of loan to you. We have a partnership with a lending partner, they will contact you if you're eligible for the loan. We never ask anyone to pay any advance money, please be aware of such kind of scam.

Thank you