My Loan: Bad Credit Loans

My Loan: Bad Credit Loans is app that offers loans, aiming at meeting different people's loan needs.

My Loan: Bad Credit Loans is an online loan application and credit platform for professionals, where you can apply for a loan online with 3 simple steps. Once you fill details, we forward detail to our lending partner so they will contact you via call or email.

Characteristics:

- Loan amount from a minimum 10,000 to a maximum 50,000
- Minimum Annual Percentage Rate (APR): 12%, Maximum Annual Percentage Rate: 29% (reducing balance)
- Minimum repayment period: 91 days, Maximum repayment period: 24 months
- Processing Fees: Max ($350, Up to 1%-7% of the loan amount)
- Prepayment Fees: 2.50% prepayment amount
- Your bank may also levy charges in case of a bounce.

Example of Loans

- Amount Borrowed (Principal) = $20000/-
- Interest Rate = 3% monthly Simple Interest
- Tenure = 6 months
- Processing Fee = $600
- Amount disbursed = $20000
- Your EMI amount = $3692
- Interest amount = $2152
- Total Cost of Loan = $600+$2152 = $2752
- APR = (2752/20000)*12/6 = 27%

A representative example of the total cost of the Loan Amount, including all applicable fees:

-️ Loan Amount: $50,000
- Tenure: 12 months
-️ Interest Rate: 22% (on reducing principal balance interest calculation)
-️ EMI: $4,680
-️ Total Interest Payable: $4,680 x 12 months - $50,000 Principal = $6,160
- Processing Fees: $1,475
- Disbursed Amount: $50,000 - $1,475 = $48,525
-️ Total Amount Payable: $4,680 x 12 months = $56,160
- Total Cost of the Loan = Interest Amount + Processing Fees = $6,160 + $1,475 = $7,635.

App Security & Privacy:
- Your data is transferred over a secure HTTPS connection, and we do not share it with anyone without your consent. All the transactions are secured via 256-bit SSL encryption.

Loan Eligibility:
1. You must need Valid Citizenship from any country
2. You Should have a monthly income.

Steps to Apply for Bad Credit Loans:

Step 1] Download the My Loan: Bad Credit Loans App
Step 2] Provide basic details and wait for 48 hours
Step 3] Our Representative will call you to verify your income and ask for bank details if you're eligible for the loan
Step 4] Get the money transferred directly to your Bank bank account in a few hours!

If you need any Additional information, You can contact us at our
Customer Service email:[email protected]

DISCLAIMER:
This app does not give any type of loan to you. We have a partnership with a lending partner, they will contact you if you're eligible for the loan. We never ask anyone to pay any advance money, so please be aware of such kind of scam.