4CUSTOMER

Features 4CUSTOMER

This app is a financial app used by customers recruited by 4lender admins to enable them borrow and repay their loans.This app also enable individual borrowers to make personals savings.For one to successfully register on this app one has to be given an invite code and this is sent during data collection by an admin using 4lender application.Charges break down:Maximum annual percentage rate-150%Minimum annual percentage rate-72%Maximum period for repayment -24 weeksMinimum period for repayment- 10 weekscredit costs breakdown example:Interest Rate 36% p.aPrinciple 6000Repayment Duration10 wksTotal Interest 816Total loan cost 816Total loan amount(principle+interest) 6816Application Date 11/08/2022Repayment Date 19/10/2022Installments payable 682