OwoFin 1.0.5

OwoFin provides a range of flexible credit solutions tailored for Cameroonians, aimed at facilitating access to funds for both managing expenses and seizing new opportunities. The service emphasizes user-friendly repayment options, supporting customers in their financial endeavors.

Advantages:

• Flexible Credit Line: Borrow only what you need, when you need it.
• Easy Application: A straightforward and rapid application process accessible via mobile devices.
• Affordable Repayment Options: Select repayment terms that are compatible with your financial capacity.
• Transparent Fees: All charges are clear and upfront, ensuring no hidden costs.
• Build Credit Score: Timely repayments can positively impact your credit score.

Requirements:

• Applicant must be at least 18 years old.
• Must be a Cameroonian citizen or resident.

Features:

• Loan amount available: up to XAF 500,000
• Flexible tenure options: 3 to 12 months
• Processing fees range from: 3% to 6%, determined by applicant profile
• Maximum Annual Percentage Rate (APR): 15%

Example:

If an applicant borrows XAF 500,000 at an APR of 15% with a tenure of 6 months and a processing fee of 6%, the breakdown is as follows:

• Processing fees = XAF 500,000 * 0.06 = XAF 30,000
• Final Disbursal Amount = XAF 470,000
• Monthly interest rate = 15% / 12 = 1.25%
• Interest for 6 months = XAF 500,000 * 1.25% * 6 = XAF 37,500
• Equated Monthly Installment = (XAF 500,000 + XAF 37,500) / 6 = XAF 89,583

Security:

OwoFin prioritizes security through advanced encryption techniques to safeguard user data and transactions. Personal information is used solely for verification purposes, ensuring privacy and protection.

Contact Us:

Customer Service Email: [email protected]
Address: Block B, Rue De La Poste, Bonanjo, Douala, Cameroon.