Minimum repayment term of 90 days with a maximum repayment term of 36 months. Maximum Annual Percentage Rate of 96%
Interest rate of 5% for 30 days. Renewable each and every month (no expiry as long as loan is updated monthly)
Sample computation for a loan amount of Php 1000:
Principal amount X interest rate = monthly interest
Php 1000 X 5% = Php 50 monthly interest. Renewable every month.
Partial payments on the principal amount is accepted to reduce the monthly interest.
No service charge and storage fees.