uDai offers a great service of immediate personal loans through a simple but influential mobile application.
Realizing that it is often difficult to accomplish all the plans due to lack of money and you might want some short-term
relief to fulfill little and immediate requirements. With uDai technology-based system, applicants of all ages can
borrow quickly without any form-filling or complications. The company is committed to providing the easiest way for a
loan with a focus on better customer experience and adding value to shareholders.
uDai acknowledges the changing demands and uncertainties you are facing. Life causes problems such as medical emergencies, maintenance, transportation, and severe lack of money; hence, we design this application for such personal loans, taking into account your needs. We are always behind your back for such urgent events. Compared to the cumbersome processes and the lengthy requests of financial firms, uDai is way simpler in providing loans to you.
uDai has launched fully automated " without warranty and face signatures" cash loans on the go, from start to end, the entire process including arrival and repayment is on the clicks. You only need to install the application. The mobile phone loan "mainly completes the automatic inquiry through manual inspection".
This process runs very efficiently, the accounting time does not exceed 10 minutes. Your application would be processed within 3 working days, you have the money in hand once your application approved. But you have to apply while considering the minimum time of repayment. You may blacklisted in Credit Bureau Cambodia if repayment is not make as schedule.
Fees and Charges:
• 3 months is the minimum time to repay the loan.
• 3 years or 36 months is the maximum time to repay a personal loan through this application.
• Per year interest or Annual Percentage Rate of loan is 18%.
• Processing charges such as legal and stamp duty is 10 % per loan.
You take a loan = 2000៛
And your preferred Installment Period = 6 Months
Interest Rate will be = 1.5%/ Month or 18%/ Year
A fee of Service (along with Stamp Duty & Legal fees) = 150៛
Total Interest Charges = Amount of Loan X Interest rate/month X Loan Period
2000៛ X 1.5% Interest/month X 6 Months = 180៛
Your total Amount to payback= Loan Amount + Total Interest Fee
2000៛ + 180៛ = 2180៛
You can find out monthly installment as Total Amount to repay/ Period of loan chosen
So, 2180៛ / 6 Months = 363៛
Total Loan Cost will be = Profit Rate fees + Processing Fee
Total Loan Cost will be = 150៛ + 180៛ = 510៛
(This means we will charge you 510៛ additionally on getting a 2000៛ Loan.)
For marketing purpose, your device info & primary and social accounts information may be used in our marketing & re-marketing purpose. In additional, we also would check your device info & primary and social accounts information to prevent multiple account registration