Akshamat - Loan to card 9.0.0

Akshamat is an application designed to facilitate the process of obtaining loans and credits online with an emphasis on efficiency and transparency. It offers users the ability to access microcredits and microloans conveniently from anywhere at any time.

The platform features several financial functions that enhance user experience:

• Loan Selection: Akshamat provides a user-friendly tool for selecting loans from reliable financial partners, ensuring a diverse array of options tailored to various needs.
• Comparison of Terms: Users can compare different loan offers based on interest rates, repayment terms, and other financial metrics, allowing for informed decision-making.
• Security and Privacy: The application prioritizes user security and confidentiality by adhering to modern data protection standards. Users have the option to request account deletion and data removal at any time.

In terms of loan conditions, Akshamat outlines clear parameters:

• The minimum repayment period is 92 days, while the maximum is 365 days.
• The annual interest rate ranges from a minimum of 1% to a maximum of 32%, which encompasses all associated costs.
• The minimum daily interest rate is set at 0.01%, with a maximum of 1% per day on the principal amount.
• A penalty for late payment consists of 0.1% per day of the overdue amount, capped at 10% of the loan principal.
• No additional fees or charges are imposed, ensuring clear terms for users.
• Extension of loans is feasible with timely communication to lenders and payment of interest within the original term; no extra fees apply for this service.

An example of interest rate calculation illustrates potential costs:

• Loan Principal Amount: 20,000 USD
• Loan Term: 100 days
• Commission for Using the Loan: 0.08% per day, resulting in a total commission of 1,600 USD over the loan period
• Total Amount to Be Returned: 21,600 USD
• Full Loan Cost (FLC) in Percent: 29.2% per annum

It’s important to note that Akshamat operates as a digital platform and not as a financial institution or lender. It does not assume responsibility for specific loan agreements or their terms. The application is accessible free of charge to all users, but it does not encompass all financial companies or their offerings; examples provided are purely indicative.