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Microdime Finance

When facing financial struggles, Microdime Finance app is the app you need to get emergency micro loans between N$500 and N$5000

When facing financial struggles, Microdime Finance app is the app you need to get emergency micro loans between N$500 and N$5000

Microdime Finance

by WOPS
Microdime Finance
Microdime Finance
Microdime Finance

What is it about?

When facing financial struggles, Microdime Finance app is the app you need to get emergency micro loans between N$500 and N$5000.

Microdime Finance

App Details

Version
1.0.1
Rating
NA
Size
33Mb
Genre
Finance Business
Last updated
July 23, 2024
Release date
June 18, 2024
More info

App Store Description

When facing financial struggles, Microdime Finance app is the app you need to get emergency micro loans between N$500 and N$5000.

Product presentation:
Loan amount : N$ 500 to N$5,000
Loan term: 2 to 3 months
Age limit : over 18 years old
Fixed interest Rate : 30%
NAMFISA levy : 1.03%
Stamp Duty: N$5


For example:
91 days (3 months) loans with an interest rate of 30% and the principal amount is N$1,000.
NAMFISA levy (1.03%) : N$1,000 * 1.03% = N$10.3
Stamp duty : N$5
Interest: N$1,000 * (30%) = N$300

Total to be repaid: N$1,000 + N$300 + N$10.3 + N$5 = N$1,315.3
Monthly repayment: N$1,315.3/3 = N$439

Our loan requirements
- Be at leat 18 years old
- ID card copy
- Latest payslip
- 2 months bank statement

How simple is our process:
- Download the app
- Register and provide the required information
- Apply for a loan
- Wait for your loan to be approved and the amount will be available

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