LEND U

DAOL LEND

Contains ads

About this app

LEND U Powered by DAOL LEND
Note: For the company that contracts as an alliance with DAOL LEND only
An application for applying for welfare loans through a complete online system in one place. both identity verification loan application and checking credit information, whether it is the remaining principal Number of installments already paid monthly payment or due date There is also a menu. “Financial records” to control and track your expenses. Including advice on quality money management with a "lesson" menu that will help in financial education. Debt Management and Investment

Apply for a loan anytime, anywhere in 5 steps
1. Enter your mobile number
2. Enter company code and get OTP
3. Verify your identity with your ID card.
4. Choose to apply for a loan
5. Press confirm and agree to the loan agreement.

• Minimum and maximum period for repayment
Installment 6-24 months
• Maximum Annual Percentage Rate (APR)
Interest rate up to 25%

Example of Calculating Interest and Fees for DAOL LEND Benefits
If the loan is approved and the contract dated 25 Sep '64
- Credit limit 20,000 baht
- The amount to receive is 20,000 baht. No fee for applying for a loan.
- 15% interest per annum, reduce the interest rate
- 12 months repayment period
- Pay every 25th of the month

so
- 25 Oct. '21 payment amount = 1,805.17 baht (principal = 1,555.17 baht , 30-day accumulated interest = 20,000*15%*31/365= 250.00 baht) outstanding principal = 18,444.83 baht
- 25 Nov. '21 payment amount = 1,805.17 baht (principal = 1,574.61 baht , 30 days accumulated interest = 18,444.83 *15%*30/365=230.56 baht), remaining outstanding balance=16,870.23 baht
- 25 Dec. '64 Payment amount = 1,805.17 baht (principal = 1,594.29 baht , 30 days accumulated interest = 16,870.23 *15%*30/365=210.88 baht), remaining outstanding balance=15,275.94 baht
- 25 Jan. 20, payment amount = 1,805.17 baht (principal = 1,614.22 baht , accumulated interest 31 days = 15,275.94 *15%*31/365=190.95 baht), remaining outstanding principal=13,661.72 baht
- 25 Feb. 65 payment amount=1,805.17 baht (principal=1,634.39 baht , 31 days accumulated interest=13,661.72 *15%*31/365=170.77 baht) Remaining outstanding principal=12,027.33 baht
- 25 Mar. 20, payment amount = 1,805.17 baht (principal = 1,654.82 baht , 28 days accumulated interest = 12,027.33 *15%*28/365=150.34 baht), remaining outstanding balance=10,372.50 baht
- April 25, '16 payment amount = 1,805.17 baht (principal = 1,675.51 baht , accumulated interest 31 days = 10,372.50 *15%*31/365=129.66 baht) Remaining outstanding principal=8,696.99 baht
- May 25, 65, payment amount=1,805.17 baht (principal=1,696.45 baht, 30-day cumulative interest=8,696.99 *15%*30/365=108.71 baht), remaining principal balance=7,000.54 baht.
- June 25, 20, payment amount = 1,805.17 baht (principal = 1,717.66 baht, 31 days of accumulated interest = 7,000.54 *15%*31/365=87.51 baht), remaining principal = 5,282.88 baht.
- 25 Jul. 20, payment amount=1,805.17 baht (principal=1,739.13 baht, 30-day accrued interest=5,282.88 *15%*30/365=66.04 baht), remaining outstanding principal=3,543.75 baht.
- 25 Aug. 19, payment amount=1,805.17 baht (principal=1,760.87 baht, 31 days of accumulated interest=3,543.75 *15%*31/365=44.30 baht), remaining principal balance=1,782.88 baht
- 25 Sep. 20, payment amount=1,805.17 baht (principal=1,782.88 baht, 31 days of accumulated interest=1,782.88 *15%*31/365=22.29 baht), remaining principal balance=0.00 baht.


Therefore, the total amount to be paid is 21,661.99 baht, which is an interest of 1,661.99 baht from the principal amount of 20,000 baht with an interest rate (APR) of 15% per year, reducing the interest rate.

*The example is just a preliminary calculation. The numbers may change depending on the criteria set by the company.
** Numbers may differ from the decimal point. You can check from the attached table.

What’s new

Some bugs fixed and features enhancement to serve your experience.