Amala Yangu is a demo application that can be used and branded differently by MFI for clients to view their loan account summary, apply for new loans, and perform repayments from their saving account if they have one.
Amala Yangu does not allow sharing of one client's information with another. Each client has their own profile and can not do any transactions related to another client. Amala yangu, will be under MFI to serve their clients who have passed their respective KYC.
Personal Loan:
- The minimum period of Repayment is 90 days (i.e 3 months)
- The maximum period of Repayment is 1800 days (i.e 60 months)
- Maximum Annual Percentage Rate (APR) is 18.0%
- Example of the total cost of the loan:
-: Principal 3,000,000 Tsh
-: Interest 540,000Tsh
-: Fees 0
-: Charges 0
-: Total cost of loan 3,540,000