Flash Loan

Flash Loan terms in Nigeria
Loan Amount: from ₦.5000 to ₦. 350,000.
Processing v Fee: 5% of principal amount with minimum amount ₦ 200 and maximum amount ₦ 2000.

Maximum Annual Percentage Rate (APR) includes interests plus processing fee is 365% Minimum Annual Percentage Rate (APR) includes interests plus processing fee is 5%

Repayment period: shortest term 91 days. Longest term 180 days

Representative Example loan calculation:
For instance, 61day loan with a principal amount of ₦ 10000
The processing fee would be ₦500
The interest would be ₦ 205.48
The total amount due is ₦ 10705.48 and monthly payment due will be ₦ 5352.74
Flash Loan terms in Kenya
Loan Amount: from Kes.1,500 to KES. 100,000.
Processing Fee: 5% of principal amount with minimum amount KES 60 and maximum amount KES 600.

Maximum Annual Percentage Rate (APR) includes interests plus processing fee is 365% Minimum Annual Percentage Rate (APR) includes interests plus processing fee is 5%

Repayment period: shortest term 72 days. Longest term 180 days

Representative Example loan calculation:
For 61day loan tenure
A principal amount of KES 3000,
Processing fee would be KES 150
And the interest would be KES 61.64
And the total amount due is KES 3211.64 and monthly payment due is KES 1605.82.
Flash Loan terms in Philippine
Loan Amount: from ₱.700 to ₱. 44500.
Processing Fee: 5% of principal amount
Minimum amount: ₱27 and maximum amount: ₱270.
Maximum Annual Percentage Rate (APR) includes interests plus processing fee is 365%

Minimum Annual Percentage Rate (APR) includes interests plus processing fee is 5%

Repayment period: shortest term 90 days. Longest term 365 days

Representative Example loan calculation: 61 day loan with a principal amount of ₱1300, the processing fee would be ₱65 and the interest would be ₱26.71 and the total amount due is ₱1391.71 and monthly payment is ₱695.8

Flash Loan Terms in India
Interest and other applicable charges
• Annual Percentage Rate (APR) – 33.46%
• Loan tenure 62 days to 180 days
• Processing fee, 2% or 1200 whichever is higher
• Maximum Annual Percentage Rate (APR) includes interests plus processing fee is 365% Minimum Annual Percentage Rate (APR) includes interests plus processing fee is 5%

Repayment period: shortest term 90 days. Longest term 365 days

Sample loan calculation
Loan amount: ₹ 30,000 at interest rate of 33.46% p.a.
Loan Duration: 90 Days
Total Interest = ₹ 2,475
Processing fees (PF) + GST = ₹ 1000 + Rs 180 = ₹ 1,180
Total Deductibles (PF + GST+ Interest): ₹ 3,655
In-Hand Amount: Loan Amount - Total Deductibles = ₹ 30,000 - 3,655 = ₹ 26,345
Total repayable Amount: ₹ 30,000
Monthly EMI Repayable: ₹ 10,000
The deductibles (interest + PF + GST) are deducted upfront during the loan disbursal.

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P.O.Box 4789, Nairobi

DISCLAIMER:
We are not direct loan lenders, we only link you to loan apps that are already published on Google play store.