Description
Finablr es una plataforma que conecta a prestatarios y prestamistas en Uganda
Finablr is a platform connecting borrower and lenders in Uganda.
The Finablr platform is a product of Enabling Finance Ltd; a credit finance company in
Uganda regulated by the Uganda Microfinance Regulatory Authority. (UMRA)
Download and join the Finablr network today as a lender or borrower and enjoy;
For borrowers:
- Access to competitive loan offers from hundreds of registered lenders.
- Fast processing times: As few as 3 hours.
- Control; you set your loan terms including interest rate
-Peace of mind and informed decision-making provided by Finablr’s transparency.
Other considerations:
- Access to credit convenience; Borrow at the comfort of your phone
- Loan buy-outs for borrowers in distress from other loans
- Loan amounts: UGX 100,000-50,000,000
- Rates/APR: < 24% p.a
- Period: As many as 3 years (36 months)
- Acceptable collateral: smart phones, Flat TVs, Laptops, Vehicles, Developed land,
Cryptocurrencies and Stocks & bonds.
For lenders:
- Passive income with good Returns On Investment (interest)/APR: < 24% p.a.
- Access to a wide base of credible secured loan clients appraised and mentored by
EFL.
- Access to legal and technical advisory services for both new and experienced lenders.
- Lending as little as UGX 100,000
- Reduced collateral management and custody risk
A. OUR PRODUCT:
Finablr Secured Personal loans
Product details:
- Loan amount: Ugx. 100,000-50,000,000
- Loan term: UGX 75 days - 36months
- APR (Annual interest rate): 12%-24% As negotiated in-app between borrower and lender:
Example: If;
- Loan principle = UGX 1,000,000
- APR =20% p.a.
- Loan period: 3 months
- Interest will be = 1,000,000*(20%/365)*(3 months*30 days) = 50,000 UGX
- Amortization type: Fixed rate spread over loan period.
- Installments (example): Total (Principle + Interest) spread over loan period. E.g. 1,000,000+50,000 = 1,050,000/3 months= UGX 350,000 per month.
NB: Reducing balance amortization schedules also available.
- Security requirement: Physical assets as indicated above.
B. COST OF FINANCE:
For borrowers:
- Collateral assessment/verification fees: UGX 20,000-700,000 dependent on the
collateral category
- Interest: As agreed with registered lender (APR < 24% p.a)
- EFL Service fee: 6.5-10% of approved sum (includes collateral safeguarding costs)
For lenders:
- 10-20% of interest payable by borrower (upon payment). Dependent on lender profile.
NB: Early repayments allowed across all products.
C. ELIGIBILITY
Users must be 18 years and above.
D. CONTACT US
Tel: +256706400057
Web: www.enablingfinancelimited.com.
Email: [email protected]
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About
Bundle Id
com.hotboxstudios.efl.finablrMin Os. Version
5.0Release Date
Fri, Jan 1, 2021Update Date
Wed, Aug 16, 2023Content Rating
مناسب لأعمار 3 أعوام وما فوقWhat's New
version
1692224705000updated
9 months ago- Amazing new user interface
- Register to Lend and Borrow
- Bug Fixes
- Notifications for loan requests
- Collateral center
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