Moni Cred - Crédito Flexible

BYTEWORKS IT S.A.S.

About this app

Moni Cred - Personal Loans in Ecuador

Moni Cred is a personal loan app designed to help you manage loan applications easily, clearly, and securely from your mobile device.

With Moni Cred, you can apply for loans from $100 to $3,000, with terms available from 180 to 360 days, depending on the corresponding evaluation and the conditions applicable to each user.

Our app allows you to complete the application process digitally, view loan information, review the terms before accepting, and manage your financial obligations conveniently.

Product Information
Moni Cred offers personal loans with the following general conditions:
Loan Amount: $100 - $3,000
Loan Term: 180 - 360 days
Daily Interest Rate: 0.01% - 0.1% daily
Annual Percentage Rate (APR): 3.65% - 36.5%
Service Fee: 15% - 20%
VAT: Applicable interest and service fees are subject to a 15% VAT in Ecuador. The tax and all associated costs will be calculated and clearly displayed before the application is accepted.

For more information on the current VAT rate, please consult the official website:

https://www.registroficial.gob.ec/cuarto-suplemento-al-registro-oficial-no-700/

Main Features:
• Online personal loan application.

• Loan amounts available from $100 to $3,000.

• Repayment terms between 180 and 360 days.

• Clear information on interest rates, applicable fees, and taxes.

• Manage your loan directly through the app.

• Protect your personal information with security measures.

Representative example of loan calculation:
For a $3,000 loan with a term of 360 days:
Loan amount: $3,000
Term: 360 days
Interest: $3,000 × 0.03% × 360 = $375.65
Approximate APR for this example: 10.95%
VAT on interest (15%): $375.65 × 15% = $56.35
Service charge: $3,000 × 18.78% = $563.48
VAT on service charge (15%): $563.48 × 15% = $84.52
Total amount due: $3,000 + $375.65 + $56.35 + $563.48 + $84.52 = $4,080
The interest rate, Loan terms and conditions may vary depending on the application. Before confirming, you can review the details of interest, taxes, fees, and payment schedule.

Security and Privacy
At Moni Cred, we are committed to protecting the information provided by our users. Personal data will be processed in accordance with our Privacy Policy:

https://www.monicred.com/#privacy

Contact
If you have any questions or need assistance, you can contact our customer service team:
Email: [e-mail]

Download Moni Cred and manage your personal loan application easily, transparently, and from anywhere.