CredPal vs. Monibac Utilizzo e statistiche

Borrow money online with the CredPal card at any time. Buy phones, laptops, electronics, and other products now and pay later. CredPal Online Loan app offers Loans Online Limit: from ₦5,000 to ₦500,000 Loan period ranges from 30 days to 180 days Interest rate ranges from 4% to 9% Example of CredPal Buy Now, Pay Later Loan 1. Purchased Item: iPhone XS 2. Limit Amount of ₦100,000 2. Limit Term: 2 months 3. Equity Contribution: ₦31,500 3. Interest rate: 5% 4. Service Fee: 2% (Goes to the Payment Service Provider) 5. Interest amount of the limit: ₦6,850 6. Monthly Repayment: ₦40,000 7. Total amount payable: ₦80,000 8. Total Percentage Rate (10%) Loan Applicant Requirement Nigeria Resident 22 - 55 years old How to Use CredPal To apply for an online cash loan or buy now pay later on the CredPal app, follow the following steps - Download the CredPal app and sign up - Apply for Credit and provide the required details - Get Approved for Credit - Get your credit card to access funds anytime you want To buy now, pay later: - Find and visit your favorite stores within the CredPal app or via the merchant’s payment link - Add your product information - Split your purchase into 6 repayments, billed monthly. CredPal Card Services With our card, you get the funds to meet your small ticket purchases and emergency cash needs while you pay back at the end of your billing cycle which is usually set around your salary day. Your CredPal card enables you to pay for your electricity bills, renew your gym membership fee, renew your Netflix subscription, and many more. You can also transfer some or all of the funds from your CredPal wallet to your bank account. CredPal Card Interest Rate & Repayment The credit limit on our credit card ranges between ₦5,000 to ₦500,000 with a repayment period of 29 days at an interest rate that ranges from 3.8% to 8%. Representative Example of a CredPal Credit Card: 1. Credit Limit Amount of ₦70,000 2. Credit Limit Term: 29 days 3. Interest rate: 6% 4. Interest amount of the credit limit: ₦4,200 5. Monthly Repayment: ₦75,313 6. Total Percentage Rate (6%) 7. Total amount payable: ₦75,313 CONVENIENT REPAYMENT OPTIONS You can easily pay back what you have spent from your credit card or from our buy now, pay later services within the CredPal app at the “payment” section, or by making a bank transfer to CredPal’s bank account. MANAGE YOUR REPAYMENT When you pay with CredPal, you get a complete overview of all your purchases and installments plans which helps you to keep track of all your purchases with their payment schedule. INCREASE YOUR SPENDING LIMIT The more you shop and make timely repayments, the more your credit limit increases and the more access you have to our deals and offers. CREDPAL INVEST Grow your money the smart way by investing with CredPal * Create multiple investment wallets to meet different goals. * Earn up to 16% on your investment capital per annum. * Invest with 50,000 Naira and above within 1 - 12 months. * Safe and secure with bank-level security, end-to-end encryption protocols, and other security technologies. CUSTOMER INFORMATION SECURITY AND PRIVACY The CredPal app has been developed using the best security and privacy standards to ensure absolute data security. When you download the CredPal app, we will ask for your permission to verify your personal and financial information. Our app is secure to use, we will not share your information with third parties without your consent. For more information about our credit card or buy now, pay later services, please visit: credpal.com or credpal.com/faq Contact us: We love feedback! If you have any feedback, questions, or complaints, please contact us through the following channels: Email: hello@credpal.com Twitter: https://www.twitter.com/CredPal Facebook: https://www.facebook.com/credpal Instagram: https://instagram.com/credpalhq Website: credpal.com Call Us: 017007999 Address:: Lagos, Nigeria

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Monibac

Monibac is an app where you can access loans without any collateral, save and earn interest on your savings, and easily top up and withdraw to your account. Why Monibac? 1. You do not need collateral before you can access a loan 2. There are no charges on both deposits or loans. 3. You can get an additional 50% of your savings as a loan. 4. You can get from 20,000NGN to 500,000NGN as a loan 5. We will always send reminders for your repayment without much disturbance. How it works Install the Monibac App from App Store Register your account Start saving After 3 months, the customer is eligible to request a loan of up to 150% of their total savings. If they request for the loan, they submit their request on the app, we check to ensure their KYC documents are complete. If the loan is approved, they will get a request to E-sign. Once they sign, the approved amount is added to their Monibac Balance Apart from loans, they can also lock their savings for a specified period of time. For example; if they save for 3 months, they get 3% of their savings. 6 months, they get 5%. Our Loan Product Tenure- Our tenure ranges from 90 to 180 days. Interest rate for 90 days is 9% Interest rate for 180 days is 15% Loan amount will be capped at N5 million Our interest rate depends on the tenure the customer chose. An example of how this loan and repayment works…. If a customer has N200,000 as total savings, they can get a loan of N300,000. If they take the loan for a period of 3 months, then the 9% interest will be on the principal amount of N100,000 which is 9,000. Therefore, the total payable amount will be N109,000. Since the repayment is monthly, the N109,000 divided by 3 months = N36.333 Our APR is between 30.4% and 36.5% if we use 15% for the 6-month repayment and 9% for 3 months respectively. Eligibility 1. Above 18 years. 2. Lives in Nigeria 3. Have saved on our platform for over 3 months Contact Us Customer service Email> admin@monibac.com Customer service Hotline> 07060953139 Address > Block A211, Sura shopping complex, Lagos Island, Lagos state.