Premium Loans is designed for Micro enterprises/farmers, helping them meet their working capital or business expansion needs to keep their business.
In life, we might get into a situation that will require urgent cash which will be provided by Premium Loans.
Terms and Conditions
Loan Amounts: 500 USD to 10,000 USD
APR:11% - 20%
Monthly facilitation fee: 5%
Loans Repayment:
Minimum repayment: 90 days, Maximum repayment: 120 days, Annual Percentage Rate (APR) is 20%
Instruction:
• Premium Loans will not charge more than the amount of the facilitation fee but the late payment fee will be %5 per month!
Sample Loan:
if you take a 65-days loan with a principal amount of USD 2000 then the facilitation fee would be USD 100 + APR USD 400 and the total payable amount would be USD 2500
Feel free to ask anything at [email protected]
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