This Mobile application is for the customers of Taageer Finance to perform the following,
1. Loan Calculator – To calculate the EMI for various products that are offered by Taageer Finance.
2. Loan Request – To request the loan online
3. Online Payment- To make the payment online
Minimum period for repayment is 6 months and maximum period is 66 months
Maximum Annual Percentage Rate (APR) for loans is 9.75 per annual
Example: The loan amount (A) is 3000 RO, and the loan period is 66 months.
Total interest charge (B) is 1609. RO. and Insurance amount (C) is 132 RO.
Total receivable (A+B+C) = 4741 RO
Flat rate = 9.75
Effective rate = 16.1664 RO