Almada

Almada is an innovative program that offers loan services by providing access to loans.

• Almada Loan Products:
• Loan Amount: £2,500 - £80,000
• Loan Term: 91 to 365 days
• Annual Interest Rate on Loans: 10-32%
• Costs: 1 to 6% of the loan amount
• No additional fees

Explanation of Cost Calculation:

If the loan amount is £10,000, the loan term is 183 days, with an interest rate of 24% and a fee of 5%.

At the end of the 183 days, you will receive £10,475.

You will need to repay £892.63 per month.

The interest will amount to £355.77.

The total amount to be paid is £5,355.77.

The effective APR is 24.23%.

• Who can apply for a loan through the app?
• Egyptians holding government-issued documents
• Aged between 18 and 56
• Business owners and individuals with a steady income

Advantages compared to other lending products in the market:

• Choose the loan amount and term according to your needs with great flexibility.
• Users receive a higher level of authorization for timely repayment before applying for a new loan.
• Credit volume will increase.
• Users with good credit are given the opportunity to choose more products freely.

How to apply for a loan:

1. Install the Almada app from Google Play
2. Create an account
3. Fill out the application
4. Receive loans after approval

Contact details:
Email: [email protected]