Alegnta

Anbesa Bank

About this app

Mobile micro-loan application in Ethiopia, brought to you by Lion International Bank. Alegnta offers cash loans, airtime loans, asset financing, and merchant loans with transparent terms and flexible repayment options.

Key Features:
Flexible Repayment Terms: Choose from repayment periods ranging from 60 to 180 days, allowing you to repay at your convenience.

Transparent Pricing: We use a simple interest formula to calculate loan costs, ensuring full transparency in fees and interest rates.

Maximum APR: Our loans have a maximum Annual Percentage Rate (APR) of 10%. We are committed to providing affordable lending solutions.

Representative Loan Example:

Cash Loan – Alegnta Salary Advance
Prepaid (Charges are deducted from the requested amount)

Loan Amount: 500 ETB
Fees: 0 ETB
Interest: 2 ETB
Amount to Receive: 498 ETB
Total Repayment Cost: 500 ETB
Monthly Payment: 166.67 ETB
Repayment Period: 90 days (3 equal monthly installments)

Airtime Loan – Alegnta Airtime
Postpaid (Charges are applied to the requested amount)

Loan Amount: 100 ETB
Fees: 10 ETB
Interest: 0 ETB
Amount to Receive: 100 ETB
Total Repayment Cost: 110 ETB
Monthly Payment: 36.67 ETB
Repayment Period: 90 days (3 equal monthly installments)

Merchant Payments:
Easily pay for goods at Alegnta and SantimPay merchants using your loan, enhancing your shopping experience.

Commitment to Transparency:
At Lion International Bank, we believe in empowering our customers with clear information about loan quality, features, fees, risks, and benefits. We are dedicated to helping you make informed financial decisions and providing you with flexible repayment options.

Alegnta complies with all applicable Ethiopian lending regulations and Google Play’s Personal Loans Policy to ensure fair and transparent loan practices.