iLend.mn: A Convenient Loan Application for Android Users
iLend.mn is a free loan application that is available for Android users. With this app, you can apply for a loan anytime, anywhere, as long as you have an internet connection and a mobile phone. The app is developed by Tanasoft and categorized under Business & Productivity, with a subcategory of Finance.
iLend.mn offers loans ranging from 50,000₮ to 500,000₮, with an annual percentage rate (APR) of 3% to 18%. Additionally, the app charges a monthly interest rate of 3% to 6%. Borrowers are also required to pay a service fee and insurance fee of 5,000₮ to 7,000₮. Loan repayment period ranges from 60 to 90 days.
The loan repayment calculation is straightforward. Borrowers can only receive the loan and service fee once, and the monthly repayment amount is split equally throughout the repayment period. Borrowers can also view their repayment schedule and the remaining balance in the app.
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