Blocka Cash vs Aella App Usage & Stats

Blocka Cash makes access to loans easy and hassle-free, just when you need it. Do away with long queues, paperwork and waiting time. All you need is your smartphone and the Blocka Cash app! Getting started with Blocka Cash is easy. Just follow the steps below: - Sign up and set up an account. - Apply for a loan in seconds. - Receive your loan instantly and directly into your wallet. The process is simple and convenient! OUR LOANS AND REPAYMENT TERMS Blocka Cash offers micro-credit and makes provision for short-term personal loans from N5,000 and up to N50,000 depending on your credit score. RATES AND FEES To access our loans, you must be at least 21 years of age. We may require that you provide a valid Government ID. You can get as little as N5,000 and up to N50,000 and you can pay back between 60 to 180 days. Our usual repayment period is monthly. Our minimum interest rate, which is determined by our credit scoring algorithm, is 3% per month. This comes to an Annual Percentage Rate (APR) of 36%. EXAMPLE; If you choose a loan package of N10,000 (Principal) to pay back over a 6-months tenor at an interest rate and fees of 3% per month (36% APR), you will be paying back N1,966.67 monthly for a period of 6 months. At the end of the 6 months, you would’ve paid a total of N11,800. ADDITIONAL NOTES When assessing your eligibility for a loan, there are several factors we consider. Some of which are past loan performance, credit score etc. Ensure that your loan application is correctly filled in as any falsification can lead to consequences ranging from blacklisting your profile to reporting you to the police in clear cases of fraud. The Blocka Cash app is powered by James Crown Credit Limited. Licensed as a Money Lender by the Ogun State Government of Nigeria. CONTACT US Feel free to reach out to us with your feedback, tips, questions and concerns. Let us know how we can make Blocka Cash better for you. Contact us at support@blocka.cash.

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Aella App

Aella takes the hassle out of Finance - whether you are a business or an individual, we put control back in your hands with simple, straightforward products. Our "true north" is designed to help customers build financial independence by building simple products; loans, investments, bill payments, micro-insurance plans, and peer-to-peer money transfers. Why Aella? We exist to simplify and open up financial access for all in emerging markets - by leveraging technology and widespread mobile adoption, we build products to make an impact at the frontier of Financial Inclusion. Our app has a feature for verifying addresses, which requires the ability to monitor regions and receive location updates in the background. This feature is essential for accurately verifying a user's address and providing access to higher loan limits and tier 3 level transaction limits. We have created a video showcasing this feature, which we have attached for your reference. You can see in the video how the app monitors a user's location and registers a region around their address. Once the user has visited the region a certain number of times, the address is verified. We understand that enabling the "Location" background mode can have an impact on battery life, and we have taken steps to minimize this impact. For example, we only monitor regions that are explicitly registered by the user and don't monitor location updates when the user is outside registered region. We believe that our use of the "Location" background mode is essential for the core functionality of our app and we have demonstrated this in the video.