A good way to recognize the purpose of economic inclusion, smooth paisa, a venture of telenor pakistan and tameer microfinance financial institution, is assisting hundreds of thousands of unbanked humans in pakistan. Easypaisa has launched a virtual loan carrier.
For the first time in south asia, telenor micro finance bank has developed a virtual loan service. Clients of easypaisa and telenor now have the opportunity to attain brief loans at once from their mobile phones on line.
Easypaisa loan interest rate depends on the term option and account. Easypaisa loan charges are as follows:
10% – 25% for the next 7 days
12 – 35 percent after 14 days
On the due date, the loan amount plus the service fee will be automatically deducted from the account.
Easypaisa loan is presently only to be had for easypaisa account holders with telenor sim. Your easypaisa account determines the loan value and qualifying. But, the minimal mortgage that can be acquired is rs. 850, even as the most mortgage a person can get from easypaisa app is rs. 10,000. If someone don’t pay on time, they may be charged a 5% late fee.
In the mean time, handiest telenor customers can observe for an easypaisa loan. The loan quantity and eligibility are based totally at the stability to your easypaisa account. There is most effective an rs. 850 minimum mortgage amount that may be taken out thru the easypaisa app, while the highest quantity that may be taken is rs. 10,000. A five% overdue rate may be implemented if a person fails to pay on time.