LendAura 1.0.3

The LendAura platform offers tailored credit solutions aimed specifically at Ghanaian consumers, providing access to funds as needed to support personal expenses or capitalize on new opportunities. Its approach emphasizes flexibility in repayment plans that accommodate individual financial circumstances, thereby assisting users in pursuing their personal and professional development goals.

Key features include:

• Flexible Credit Access: Borrow only the amount required, when necessary.
• Straightforward Application Process: A user-friendly mobile application enables quick approval with minimal effort.
• Adaptable Repayment Terms: Users can select repayment durations aligned with their cash flow constraints.
• Transparent Fee Structure: Clear disclosure of costs with no hidden charges.
• Credit Building Opportunities: Responsible usage facilitates the establishment and enhancement of credit histories.

Eligibility criteria are straightforward:

• Minimum age of 18 years;
• Ghanaian citizenship or legal residency status.

The service parameters are as follows:

• Credit Limit: Up to GH₵5,000;
• Repayment Period: Flexible terms from 3 to 12 months;
• Processing Fee: Ranges from 3% to 6%, depending on credit assessment;
• Maximum Annual Interest Rate: 15%.

An illustrative calculation based on a GH₵5,000 loan at 15% APR over nine months, with a 6% processing fee, demonstrates the financial structure:

• Processing Fee: GH₵300 (GH₵5,000 × 0.06);
• Net Disbursed Amount: GH₵4,700;
• Monthly Interest Rate: approximately 1.25%;
• Total Interest: GH₵562;
• Total Repayable Amount: GH₵5,562;
• Monthly Payment: approximately GH₵618 (total amount divided by 9).

LendAura emphasizes data security through advanced encryption technology used to safeguard all personal and financial information. The platform ensures privacy and confidentiality, with data employed exclusively for verification and management purposes.

For support or inquiries, contact:

• Email: [email protected]
• Office Address: 34 Ring Road West, Adabraka, Accra, Ghana