Lime is a consumer financing application licensed by the Financial Regulatory Authority (FRA) in Egypt. It offers tailored financial services to help families cover their children’s education expenses. The app delivers a seamless and secure experience, enabling users to explore financing options, review transparent terms, and submit applications digitally. Approvals are subject to eligibility and regulatory checks.
Loan Terms:
- Repayment period: Minimum 6 months – Maximum 12 months
- Maximum Annual Percentage Rate (APR): 15% interest + 5% administrative fees
Representative Example:
If a customer requests EGP 100,000:
- Admin fee (5%): EGP 5,000
- Loan amount after fees: EGP 105,000
- Interest (15% of 105,000): EGP 15,750
- Total repayment: EGP 120,750
- Monthly installment (12 months): EGP 10,063
Lime is committed to responsible lending and full transparency. Users can access detailed repayment plans, all applicable fees, and dedicated customer support directly within the app.