DIGISAFE

DigiSafe CU CJSC

O aplikaciji

"DIGISAFE" is the fintech credit organization which provides gold pledged consumer loans via mobile application. Gold pledged evaluated and with that amount, a loan limit opened for a client, who can take the loan remotely at any time, by one or several withdrawals. Client can repay the loan or part of the loan anytime, save interest and take the loan again when needed. Once the loan agreement is expired, a client can retake the new loan remotely, at any time using the same pledge.

You have gold jewelry but you don't need a loan now? Then keep your jewelry with us, in secure place, free of charge and get loan limit in your mobile. Take the loan via mobile application only when you need money, if not, take your gold jewelry back whenever you wish.

You want to travel, but thinking where to keep your gold jewelry? Secure your gold jewelry with us free of charge and travel with no worries. Take instant loan when you will need money abroad.

Repay the loan, or part of the loan, save interest and retake the loan, remotely as many times as you wish. Our product works like revolving lines of credit. You can repay the loan whenever you don't need money and you can retake the loan whenever you need money again. You will pay interest only for the days you used the loan.

Client can take the loan via mobile application choosing one of the following channels

1. Credit Cards
2. ATM
3. Electronic wallets
4. Cobranded Cards

- Minimum Loan repayment period in full is set to 1 year (365 days) and maximum loan repayment period is set to 2 years (730 days), however clients are free to make full repayment of the loan, without any penalty, when they wish. Clients will pay interest only for days when they use the credit.

- Maximum Annual Percentage Rate (APR) cannot be more than 31.93%. It includes interest rate, any monthly fee, service and other fees applied. (Current APR is 26.75%)

- Total cost of the loan include interest + monthly or service fee (if applicable) + one-time charges for getting loan (if creditor used the payable options of getting loan)

For example, 100.000 Armenian Dram Loan total cost for 12 months period will be 124.000 Armenian Dram.

Calculation Example
Loan amount - 100,000 Armenian Dram
Loan maturity - 12 month
Loan annual interest rate - 24%
Loan service fee - 0%
Loan disbursement fee - 0%
Loan repayment - Bullet
Loan disbursement date - 05 October 2021.
Loan Annual Percentage Rate - 26,75%
Total Loan Cost: 124.000 Armenian Dram

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This version includes fixes and enhancements