Loan Applicant Requirement:
* Age between 20 to 60
* Uganda Citizenship
iSente loan infomation:
1. loan amount: Ugx90,000 - Ugx 600,000
2. Loan period: More than 90 days while the longest time is 365 days
3. APR : Minimum12% to Maximum 50%
If your Loan principal is UGX160,000.
Payment period is 180days, and the APR is 50%;
The total Service fee should be UGX160,000 * 50%(APR)/2 = UGX40,000.
And the total repayment amount should be 160,000+160,000*50%/2=UGX200,000
If you choose to make a one-time repayment, then you will make a one-time repayment of UGX200,000 after 180 days.
If you choose to make monthly repayments, your monthly repayment amount will be UGX200,000/6 = UGX33,333.33
Loan principal: UGX160,000 (180 days)
Loan fee(total fee of the loan): UGX40,000(=UGX160,000 * 50%(APR)/2)
Total amount payable: UGX200,000(=160,000+160,000*50%/2)