Rich Loan: A Personal Credit Loan Platform
Rich Loan is a personal credit loan platform available on Android. It offers a simple registration process using your mobile phone number, and there is no need for any collateral. The app is fully connected to the internet, making the process simple and hassle-free.
The app offers personal credit loans to Egyptian citizens above 18 years old with a stable job and the ability to repay. You can apply for a loan with amounts ranging from 1000 EGP to 500,000 EGP for a period of 100 to 365 days. The interest rate ranges from 10% to 20%, and the interest on the loan is calculated based on the capital, repayment period, and APR. For example, if you apply for a loan of 10,000 EGP for a period of 120 days with a 10% annual interest rate, the interest on the loan will be 328 EGP, and the total amount due will be 10,328 EGP.
The borrowing process with Rich Loan is straightforward and includes downloading and installing the app, logging in using your mobile phone verification code, filling out the online application, linking a valid electronic wallet or bank card, and submitting the loan application. Please note that the developer's contact information is provided for informational purposes only and should not be used for feedback or suggestions.
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