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Kosh - Loan App
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DrLoan: A Finance App for Mexicans
DrLoan is a free finance application available on Android that offers loans from $4,000 to $20,000 with a repayment term of 6 to 12 months. The app charges an annual interest rate (APR) of 16.9%, and the interest rate varies from 10.17% to 22.72% depending on the user's profile and loan term.
For instance, if you borrow $10,000 for 6 months, your monthly payment will be $300, and the total payment will be $10,642.56, which includes a service fee of 6% and an interest of $DrLoan encrypts all data using 256-bit SSL protocol and does not share personal information with third parties without the user's approval.
DrLoan offers credit score sharing with a third-party credit rating agency, which can either increase or decrease the user's credit score. The app is available to Mexican residents between 18 to 55 years of age with stable monthly income.
Overall, DrLoan is a reliable finance app for those seeking quick loans in Mexico.
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