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Minimum loan maturity: 61 days.
Maximum loan maturity: 365 days.
Rate from 0% to 360% per annum (maximum annual rate), no commissions
Information about the total cost of the loan and an example of calculation:
The loan in the amount of 10,000 was issued for 61 days with prolongation. There are 365 days in a year, according to the agreement, the rate is 1% per day (the annual rate, respectively, will be equal to 365%). The amount of interest for the year is 36,500 . (10,000 * 365% = 36,500), for 1 day 100 . (36,500/365 = 100), for 61 days, respectively 6,100 . (100 * 61 = 6100). The total amount of the payment is 16,100 . ( 10,000 principal debt + 6,100 interest).
