Loan conditions

  • Loan reimbursment term 1-16 months
  • Annual Percentage Rate (APR) 126%, yearly
  • Without collateral
  • Fixed interest rate 17.0-19.9% of outstanding balance (depending of client’s loan history)
  • Loan amount 1,000–10,000 MDL for new clients and 1,000-30,000 for returning clients
  • Loan period 1-12 months
  • Comission fee depending on loan period
  • Guarantee fee depending on loan period

For example: A 3000 MDL loan and all the associated costs:

  • Loan amount – 3000 MDL
  • Term – 6 months
  • Monthly payment – 699 MDL
  • Loan fee – 960 MDL
  • Total loan cost – 419, MDL
  • APR 125,93%

Requirements for applicants

  • Age between 18-68 years old
  • Moldova citizen or person with long-term residence permit
  • Monthly net income is at least 1,000 MDL
  • Correct payment behavior
  • Bank account is not mandatory

 

Maximum loan amount depends on monthly income and credit obligations of the applicant. Installment schedule is calculated on the basis of annuity (monthly payments are distributed evenly throughout the loan period).