It depends on the loan category's calculation method. Flat rate loans charge interest once on the original amount and split it evenly across your term. Reducing balance and EMI loans calculate interest on your remaining balance each month. You can always preview your exact numbers with the live calculator before applying.
Your wallet is an internal balance used to receive loan disbursements and make repayments within this platform. No real currency is transferred — it is a simulated ledger for demonstration purposes.
An administrator reviews every application. Approval times vary, but you will be notified as soon as a decision is made.
Yes — you can pay any upcoming installment at any time from your dashboard, straight from your wallet balance.
To keep the platform secure, every new account is reviewed by an administrator before login access is granted.
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