Lime is a consumer financing application licensed by the Financial Regulatory Authority (FRA) in Egypt. It offers tailored financial services to help families cover their children’s education expenses. The app delivers a seamless and secure experience, enabling users to explore financing options, review transparent terms, and submit applications digitally. Approvals are subject to eligibility and regulatory checks.
Loan Terms:
- Repayment period: Minimum 6 months – Maximum 12 months
- Maximum Annual Percentage Rate (APR): 15% interest + 5% administrative fees
Representative Example:
If a customer requests EGP 100,000:
- Admin fee (5%): EGP 5,000
- Loan amount after fees: EGP 105,000
- Interest (15% of 105,000): EGP 15,750
- Total repayment: EGP 120,750
- Monthly installment (12 months): EGP 10,063
Lime is committed to responsible lending and full transparency. Users can access detailed repayment plans, all applicable fees, and dedicated customer support directly within the app.
Lime offers tailored consumer financing for education in Egypt.