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K500
Interest rate: [FILL: interest rate for 1 week, e.g., 5]%
Interest amount: K0.00
Total repayment: K0.00
First-time client limit: maximum K1,000.
Collateral value must exceed the loan amount.
Collateral value must exceed the loan amount.
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Important Loan Rules
- Collateral is required for every loan and must exceed the amount borrowed.
- Repayment is full settlement only. Partial payments are rejected.
- Late penalty is 10% of total outstanding amount for each overdue week.
- No contract renewal or extension before full repayment of principal and accrued interest.
- No additional loans while a current loan remains unsettled.
- Disbursement happens only after the contract is completed accurately and signed.