| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
SGBL - Sogeloan Express
|
Minimum Salary: USD 400 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 1 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
Always "Ready" for you! Facing problems with unexpected expenses? Nothing faster than SOGELOAN EXPRESS to stand by your side!
Flexible, depending on your income
- Life insurance, all-cause death / total and permanent disability, underwritten by SGBL INSURANCE, covering the remaining capital to be repaid.
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- Choice of loan currency based on income.
- Minimum monthly income of 400 USD or its c / v in LL
- Fee fixed at 25 USD or c / v in LL
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
