Mymo
500+
Downloads
Everyone
info
About this app
Mymo is a mobile money app that lets you lend and borrow money, manage lending circles, get instant loans, and send money. It includes credit scores and an API for businesses to offer installment payments and loans. Mymo makes borrowing and lending easier and more inclusive for everyone.
Loan Information
Minimum and Maximum Repayment Period:
Minimum Repayment Period: Users can repay their loans as soon as they are able, but not less than the minimum period set by the lender or institution.
Maximum Repayment Period: All loans, including Peer-to-Peer (P2P) loans, institutional loans, and Mymo-managed loans, must be repaid within a maximum of 6 months from the issuance date.
Maximum Annual Percentage Rate (APR):
The maximum APR applicable to all loans through Mymo is 10%. This APR includes the interest rate and any applicable fees. Users may encounter lower APRs or zero-interest options, depending on the agreement with their lenders.
Representative Example:
Loan Amount: 10,000 Frs
Interest Rate: 5%
Repayment Period: 2 months
Total Repayment Amount: 10,500 Frs
This example demonstrates the total cost of the loan, including the principal and applicable interest.
Privacy Policy:
Mymo’s Privacy Policy comprehensively outlines how we collect, use, and share personal and sensitive user data. For full details on our data practices, please review our Privacy Policy.
Compliance with Short-Term Loan Policy:
Mymo does not offer personal loans requiring repayment in full within 60 days. All loans provided adhere to the maximum repayment period of 6 months, ensuring compliance with local regulations and providing a structured repayment plan.
Loan Information
Minimum and Maximum Repayment Period:
Minimum Repayment Period: Users can repay their loans as soon as they are able, but not less than the minimum period set by the lender or institution.
Maximum Repayment Period: All loans, including Peer-to-Peer (P2P) loans, institutional loans, and Mymo-managed loans, must be repaid within a maximum of 6 months from the issuance date.
Maximum Annual Percentage Rate (APR):
The maximum APR applicable to all loans through Mymo is 10%. This APR includes the interest rate and any applicable fees. Users may encounter lower APRs or zero-interest options, depending on the agreement with their lenders.
Representative Example:
Loan Amount: 10,000 Frs
Interest Rate: 5%
Repayment Period: 2 months
Total Repayment Amount: 10,500 Frs
This example demonstrates the total cost of the loan, including the principal and applicable interest.
Privacy Policy:
Mymo’s Privacy Policy comprehensively outlines how we collect, use, and share personal and sensitive user data. For full details on our data practices, please review our Privacy Policy.
Compliance with Short-Term Loan Policy:
Mymo does not offer personal loans requiring repayment in full within 60 days. All loans provided adhere to the maximum repayment period of 6 months, ensuring compliance with local regulations and providing a structured repayment plan.
Updated on
Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
This app may collect these data types
Personal info, Financial info, and Contacts
Data is encrypted in transit
You can request that data be deleted
What’s new
We’re excited to release the Mymo app for initial testing! This early version lets us gather feedback as we refine our platform for peer-to-peer lending, lending circles, and credit scoring. Your insights will be invaluable in enhancing Mymo’s features and user experience. Thank you for helping us shape Mymo into a tool that meets your needs!
App support
phone
Phone number
+237681104875
About the developer
WHILESMART COMPANY LIMITED
engineering@whilesmart.com
Centre Commercial, Molyko
Buea
Cameroon
+237 6 82 79 92 86