AL Loan 1.0.2

Loan Introduction:
- Line of credit options: 999-50,000 pesos loan products.
- Annual Percentage Rate (APR) Range: minimum 12% - maximum 30%.
- Loan Product Term: 91-365 days.
- Loan Interest Calculation Formula: interest = loan amount * loan interest rate / 365 (days) * loan period (days).

Loan Examples:
If you choose a product with a loan amount of 10,000 pesos, a loan term of 120 days, and an annual interest rate of 30%.
Calculation of the amount owed:
10,000 x 0.08% = 8 pesos/day
8 x 30 = 240 pesos/month
Total accrued interest at maturity of 120 days: 240 x 4 = 960 pesos.
Monthly payment amount 10,000/4 + 240 = 2,740 pesos.
When the loan matures at 120 days, the total amount of principal and interest is 10,000 + 960 = 10,960 pesos.

Contact Us:
Email: [email protected]
Phone: +525450008767
Address: Av. Insurgentes No. 1738, Floor 3 Florida, Alvaro Obregon Mexico
Website: Altadamun Microfinance Foundation
Public Service Hours: Available 24/7