Yeloan Delivers Instant loans 1.0.6

Immediate Cash Solutions: Yeloan Addresses Financial Challenges Effectively

The Yeloan application presents a streamlined approach to addressing financial hardships with the following steps:

1. Download the Yeloan App.
2. Register using your phone number.
3. Verify your identity through the app.
4. Receive funds directly to your e-wallet.
5. Repay your loan using the Airtel or MTN phone number associated with your registration.

Loan Applicant Requirements:

• Age between 18 and 60 years.
• Ugandan citizenship.

Loan Offer Details:

• Loan Amount: UGX 10,000 - UGX 500,000.
• Loan Term: 91 - 365 days.
• Interest Rate: 0%.
• APR: Minimum 15% - Maximum 52%.

Example Calculation:

If you apply for a loan amount of UGX 160,000 for a term of 180 days with an APR of 50%, the total service fee would be calculated as follows:

Total Service Fee = UGX 160,000 * 50% / 2 = UGX 40,000.

The total amount to be repaid after 180 days would therefore be:

Total Repayment = UGX 160,000 + UGX 40,000 = UGX 200,000.

Repayment Options:

• For one-time repayment: A payment of UGX 200,000 after 180 days.
• For monthly repayment: A monthly payment of UGX (200,000 / 6) = UGX 33,333.33 for six months.

Loan Summary:

• Loan Principal: UGX 160,000 (for a term of 180 days).
• Total Loan Fee: UGX 40,000 (25% rate).
• Total Amount Payable: UGX 200,000.
• APR: 50%.

Privacy and Permissions:

Upon downloading the Yeloan app, users are required to provide information for identity verification and reputation assessment. Yeloan prioritizes user privacy; personal information will not be shared without explicit consent.

Contact Information:

Your feedback is valuable to us. For inquiries or concerns, please reach out at [email protected].

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