Mi préstamo

Description

Using the automated "My Loan" review process can help customers better and faster resolve everyday financial issues.
a) Loan users: Loan users need the following conditions:
(i) Over 20 years of age
(ii) Mexican (needs to be certified by INE/IFE)
(iii) Have a bank account in Mexico
(iv) Have a good credit history
b) Loan amount: 1200 pesos - 20,000 pesos
c) The app offers three types of loans: 6 months, 9 months and a maximum of 12 months.
(i) Product Charges: Product Charges include four components: Service Fee, Interest, Past Due Penalties, and Past Due Interest. The maximum annualized rate (APR) is 21.9% (this rate includes taxes).
(ii) Late and late payment fee: After the client is in arrears, he will be charged a one-time charge of 3% of the total loan amount.
(iii) Delinquent interest: After the client is delinquent, it will be calculated and charged daily at 0.03% of the total amount of the loan.

With a 5,000 MXN capital loan, clients can choose 6 months, 9 months or 12 months. For example:
(i) The principal of the loan is 5,000 MXN and the term of the loan is 6 months:
The total interest of the product is 547.5 MXN, the monthly interest is 91.25 MXN, the total amount of the return is 5547.5 MXN, and the amount of the monthly return is 924.55 MXN.
(ii) The principal of the loan is 5,000 MXN and the term of the loan is 9 months:
The total interest of the product is 821.25 MXN, the monthly interest is 91.25 MXN, the total amount of the return is 5821.25 MXN, and the amount of the monthly return is 646.8 MXN.
(iii) The principal of the loan is 5,000 MXN and the term of the loan is 12 months:
The total interest of the product is 1095 MXN, the monthly interest is 91.25 MXN, the total amount of the return is 6095 MXN, and the amount of the monthly return is 507.9 MXN.

If the customer is 3 days late, the late fee is 5,000 * 3%, which is 150 MXN. The interest due is 5000 * 0.03% *3, which is 4.5 MXN


Why "My loan"?
The APP "My loan" allows users to obtain loans without leaving home and deposit directly into their bank account. Simple, comfortable and does not require secured credit loans.

Privacy
The APP "My loan" uses encryption technology to protect all user information. We do not share users' personal data with anyone.

Contact us with questions or comments!
Our customer service is always here to help you. Please contact us by applying online.
Email: jonnyfeng4979@gmail.com
Address: Av. Cuauhtémoc 536, Narvarte Poniente, Benito Juárez, 03020 Mexico City, CDMX