Naizly 1.0.25

This loan offers an opportunity for individuals to secure funding by providing necessary information and meeting specific criteria. Upon signing a contract, borrowers can access loan amounts ranging from 50,000 to 1,000,000 MNT.

Loan Terms and Fees:

• Loan Amount: 50,000 MNT - 1,000,000 MNT
• Service Fee: 0 ₮
• Loan Repayment Period: 65 days
• Monthly Interest Rate: 2.63% - 2.79%
• Annual Percentage Rate (APR): 32% - 34%

For instance, for a loan amount of MNT 100,000 over a period of 65 days, the interest payment would total MNT 5,698, resulting in a total repayment amount of MNT 105,698.

The minimum repayment period is set at 65 days, while the maximum extends to 120 days. The APR will fall within the range of 32% to 34%.

Sample Loan Calculation:

• Loan Amount: 100,000 ₮
• Interest Calculation: (100,000 ₮ * 32 / 100) / 365 = 87.67 ₮
• Total Expected Payback Amount for 65 Days: 100,000 ₮ + (65 days * 87.67 ₮) = 105,698.33 ₮

Steps to Obtain a Loan:

1. Register: Download the Naizly application, input your user information, and confirm your phone number.
2. Determine Credit Rights: Based on the provided information, we will assess the eligible loan amount and terms available.
3. Conclude a Loan Agreement: If approved, you will need to visit in person to sign a formal contract at our office.
4. Receive Funds: Utilize the Naizly application to select your loan type, adjust the desired amount and term, and transfer the funds to your bank account.