Mobile Rupee

23/12/2021

22/12/2021

Mobile Rupee provides non-collateral and no guarantee required online loan service to every ordinary borrower, to help every Filipino solve their financial problems.

22/12/2021

Example of Mobile Rupee:
User loan ₹8,000, annual interest rate is 18%, term is 110 days:
Daily Interest: ₹8,000 x 18% / 365days = ₹3.95;
Total Interest: ₹8,000 x 18% / 365days x 110days = ₹434;
Daily Repayment: ₹8,000 / 110days + ₹3.95 = ₹76.68;
Total Repayment: ₹8434

Sample Monthly Payment:
If the repayment starts on January 1st and lasts for 110 days, the repayment plan is as follows:
January: 31day * Daily Repayment = ₹2377.08
February: 28day * Daily Repayment = ₹2147.04
March: 31day * Daily Repayment = ₹2377.08
April:Pay off the surplus: Total Repayment - (January + February + March) = ₹1532.8

22/12/2021

Loan application procedure for first-time borrowers:
1. Download Mobile Rupee application.
2. Register a personal account in the app.
3. Choose your loan amount and loan term.
4. Fill in personal info.
5. Loan review and cash disbursement.