Payday-Easy Cash Loans

About Payday-Easy Cash Loans

Payday is a mobile online loan platform that provides high-quality online credit loan services for Myanmar. Fast loan approval decisions are made within 24 hours.

Who can loan?
1.Myanmar citizens aged 18-60 and holding a valid ID.
2.Should have a valid mobile number.

[Loan Details]
Loan term: 90 days - 180 days
Loan amount: 30,000 - 600,000 MMK.
Maximum APR: 3.65%/year (APR), including all interests and processing fees.

For example, if you borrow 30,000 MMK and the term is 90 days:
1. Total interest 30,000 MMK * 90 * 3.65% /365 = 270 MMK
2. Processing fee of 30,000 MMK * 0% = 0 MMK .
3. You will get 30,000 MMK - 0 MMK = 30,000 MMK.
4. The total amount of payment is 30,000 MMK + 270 MMK =30,270 MMK.
Every month should pay interest: 30,000 MMK * 3.65% / 365 * 30 = 90 MMK,
Every month should pay the principal : 30,000 MMK/3 = 10,000 MMK,
Bill including should pay the principal and interest of every months of reimbursement: 10,000 MMK + 90 MMK = 10,090 MMK


Payday respects your Privacy
Data security & privacy is our top priority. All information requested is relevant to build your credit score and thereby evaluate the best offer.