Download Joy Cash
Personal line of credit terms
• Credit limit amounts: ₦12,000 to ₦100,000
• Daily interest rate: 0.1%-0.6% on your daily interest
• Maximum Annual Percentage Rate (APR): 36.5% - 182.50%
•Time of loan: More than 90 days while the longest time is 180 days
For example: If your loan principal is ₦18000. Payment period is 120days, and the daily rate is 0.5%; the total fee should be ₦18000 0.5%120 = ₦10800.
And the total repayment amount should be ₦18000+₦18000 0.5%120=₦28800
If you choose to make a one-time repayment, then you will make a one-time repayment of ₦28800 after 120 days.
If you choose to make monthly repayments, your monthly repayment amount will be ₦28800/4 = ₦7,200
You will have continuous access to cash if you clear your outstanding balance and keep your JoyCash relationship in good standing (some exclusions apply).