Financial services products that make everyday life easier.
dillycash is a product of dilly.co, which provides micro-loan facilities in the Bahamas.
Personal Loans
Amount: $20 to $1000
Interest Rates: starting from 5% to 20% per annum
Tenure: 2months to 2 years
Processing Fees: 10% of loan amount
Business Loans
Amount: $500 to $2000
Interest Rates: starting from 5% to 20% per annum
Tenure: 6 months to 2 years
Processing Fees: 10% of loan amount
Example:
Loan amount: $1000
Interest rate: 12% per annum
Processing Fees: 10%
Tenure: 11 Months
Principal Amount: $1112.0 ($1000+(10% processing fees+12% VAT))
Interest Rate calculation: Standard Compound Interest formula
Monthly Payment: $112.78
Total of Payment: $1240.62