QuickBirr: Personal Loans

QUICKBIRR: PERSONAL LOANS

Discover and compare selected personal loan options available in Ethiopia.

QuickBirr helps you review important borrowing information, including repayment periods, interest rates, mandatory fees, payment schedules and total repayment, before choosing a provider.

AVAILABLE LOAN OPTIONS

Eligible options may include:

• Alegnta — Digital cash-loan and salary-advance services provided by Anbesa Bank.
• Digaf MFI — Salary-advance and microcredit services provided by Digaf Microcredit Provider S.C.
• Malefiya Digital Lending — Digital lending services provided by Enat Bank S.C.

Availability depends on each provider’s eligibility requirements, credit assessment and current service availability. Comparing an option does not guarantee approval.

QUICKBIRR’S ROLE

QuickBirr is an independent information and comparison platform. QuickBirr is not a bank, microfinance institution or lender.

QuickBirr does not issue loans, make credit decisions, approve applications, determine final loan conditions or disburse funds.

The selected provider is responsible for eligibility assessment, approval, contracting, disbursement, repayment and customer support.

HOW IT WORKS

1. Register with your Ethiopian mobile number.
2. Complete the requested information.
3. Review eligible loan options.
4. Compare repayment periods, APR, fees, payment schedules and total repayment.
5. Choose an option and continue according to the provider’s instructions.

LOAN TERMS AND COSTS

Loan products displayed through QuickBirr have the following overall limits:

• Minimum repayment period: 90 days
• Maximum repayment period: 15 months
• Maximum Annual Percentage Rate (APR): 40%, including mandatory interest and fees
• Currency: Ethiopian Birr (ETB)

QuickBirr does not display personal loans requiring full repayment within 60 days or less.

Actual loan amounts, repayment periods, rates, fees and payment schedules depend on the selected provider and the applicant’s profile.

REPRESENTATIVE EXAMPLE

For an illustrative loan of ETB 6,000 repaid over 6 months at an annual interest rate of 20%, with no additional fees:

• Principal amount: ETB 6,000
• Repayment period: 6 months
• Total interest: ETB 600
• Additional fees: ETB 0
• Number of payments: 6
• Monthly payment: ETB 1,100
• Total repayment: ETB 6,600
• Representative APR: 20%

Interest calculation:

ETB 6,000 × 20% × 6 ÷ 12 = ETB 600

This example is provided only to explain how loan costs may be calculated. It is not a loan offer and does not guarantee approval.

The selected provider will display the actual principal, APR, interest, mandatory fees, repayment schedule and total repayment before the user accepts an agreement.

PRIVACY

QuickBirr handles personal information according to its Privacy Policy.

When you continue with a selected provider, that provider’s terms and Privacy Policy also apply. Review them before submitting personal information or accepting an agreement.

BORROW RESPONSIBLY

Compare the total repayment amount, not only the amount of each payment.

Consider your income and regular expenses before borrowing. Apply only for an amount you can repay within the agreed period.

Late or missed payments may result in additional charges, penalties or other consequences described in the provider’s agreement.

INDEPENDENCE NOTICE

Unless expressly stated, displaying a provider or product does not imply sponsorship, partnership or endorsement.

Provider names, product names and trademarks belong to their respective owners. Product information and eligibility requirements may change and should be confirmed with the selected provider.

For support or privacy requests, use the email address displayed on this Google Play page.

QuickBirr: Personal Loans
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