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Crédito Flash is a free Android application developed by feliz en línea, under the business and productivity category, specifically for finance. This app allows Colombian citizens over the age of 18 with a bank account to apply for fast cash loans. The process is straightforward, download the app, fill out the online loan application, and wait for approval. Once approved, the loan is directly deposited into your bank account. The repayment date is provided, and repaying on time increases the loan amount and term.
The loan limit ranges from COP $500,000 to COP $5,000,000, with a loan term of 91 to 365 days. The annual interest rate is 15%, which translates to 0.05% per day. The app provides an example of the charges for a loan of COP $1,000,000 with a 120-day loan term. The interest charged daily is COP $500, with a total interest of COP $60,000 and a total repayment amount of COP $1,060,000. There are no additional fees charged on any loan product.
Please note that the developer's contact information is not provided in the app.
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