Finna: Loan, Buy & Sell Crypto

Finna Protocol

About this app

Finna is Fintech company that allow users buy, sell and swap stablecoins and other digital assets.

We provide a suite of services that allows
- Users in regions prone to higher inflation can hedge against inflation using our licensed lending solution
- Business and individual of all sizes can buy and sell stablecoins and other digital assets in a secure and cost effective method via their local currency directly on the app or through our payment API with ease
- Users can securely store their crypto assets in their finna wallet until they are ready to withdraw
- Users can easily deposit or withdraw crypto to and from their local currencies

Loan Disclosure:
Minimum period for repayment: 60 days
Maximum period for repayment: 90 days
Maximum Annual Percentage Rate (APR): 18.5%
Processing Fee: 0.5% of the borrowed amount, charged at the time of loan opening.
Monthly Interest Rate: 1.5% of the borrowed amount, calculated daily.

Representative Example:
Borrow $1,000 for a loan term of 90 days.
Processing Fee: $5 (0.5% of $1,000).
Total Monthly Fee: $15 (1.5% of $1,000).
Total Cost of the Loan: $50 ($1,000 principal + $45 interest + $5 processing fee).
Loan Interest APR: 18%
Total APR: 18.5% (18% annual interest + 0.5% loan processing fee)