Representative instance: Borrow 2000 PHP for 61 days*, the attention price is 0.9 % per time, you will have to repay 3098 PHP
Optimum Apr (APR) = 328.5%
*Minimum repayment term of 61 times and optimum of three months.
The mortgage is actually for 2 months repayments are done in four equal installments, first regarding the fifteenth time, 2nd is from the 30th time, 3rd is from the 45th time, therefore the 4th regarding the 61st time through the date which you received the cash in your money
The mortgage is actually for 10 months repayments are done in five equal installments, first in the day that is 15th 2nd is in the 30th time, the 3rd is regarding the 45th time, 4th is in the 60th time, and 5th is regarding the 75th time through the date which you received the income in your money.