Moneycools - Address funding needsMoneycools is a mobile app designed to provide small loans to users in Myanmar. It is a safe, fast, and convenient platform that helps users obtain the funds they need to address their urgent financial needs. Moneycools features a simple and user-friendly interface with clear and concise procedures. Users only need to provide basic information and can complete the application process in just a few minutes. Additionally, Moneycools offers multiple repayment options, including bank transfers making it easy for users to repay on time. Other advantages of using Moneycools include: Fast Approval: With a professional risk control team, Moneycools can review your loan application within 24 hours. High Limits: Moneycools offers loans of up to 50,000 MMK to meet the diverse financial needs of its users. Low Interest Rates: Moneycools provides the lowest rates on the market, allowing users to enjoy more affordable loan services. Privacy Protection: Moneycools uses reliable data encryption technologies to safeguard users personal information and prevent leaks.If you need small loan services, Moneycools is your best choice. Download Moneycools now and enjoy fast, safe, and convenient loan services!During filing the form on our App, we collect and monitor your phone number, account type, favorites and other optional data. This information is required for the purposes of risk analysis, enable us to detect credible references assess your risk profile and to determine your loan eligibility. After confirming the loan agreement, the approved loan amount will be credited to your account within one working day and a notification will be sent via SMS.Moneycools Loan IntroductionLoan amounts ranging from 30,000 to 80,000 MMK The minimum period of repayment is 90 days and the maximum period is 360 days.Composite Annual Rate (APR) below 33.00% The minimum service charge is 1%Minimum repayment installment: 2The comprehensive annual interest rate (APR) is calculated as: APR = (repayment amount - loan principal) / loan principal * (360 / loan term) * 100%Moneycools Loan ExamplesThe loan amount is 80,000 MMKRepay after 120 daysThe daily loan interest is 0.01% , which is 80,000 * 0.01% * 120 = 960 MMKIn addition, there is a fee rate of 3.0%, which is 80,000 * 3.0% = 2,400 MMKYou will get 80,000 MMK - 2,400 MMK = 77,600 MMKThen after the loan is successful, total interest must be paid: 80,000 + 960 = 80,960 MMK,and the total annualized rate is 13%.Moneycools Feedback
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