A flat daily interest rate means your interest is calculated on the original loan amount, not on a changing balance.
This makes your loan:
✔ Easy to understand
✔ Predictable
✔ Free from hidden calculations
LendPlus personal loans feature a flat daily interest rate based on the principal amount, with rates varying from 0.9% to 2.2% per day. The specific interest rate and loan tenor are determined through a credit assessment and will be shared on the Platform before you accept the loan.
Loan tenors range from five (5) to sixty-one (61) days, as shown on the Platform at the time of loan acceptance. Where applicable, loan extensions of 5 to 30 days may be granted in accordance with the General Terms and Conditions, with the applicable interest displayed in the mobile application.
