PrestaPlata-Préstamo is a free Android application developed by PrestaPlata. It falls under the category of Business & Productivity, specifically in the Finance subcategory. The app offers a quick and convenient way to apply for loans online.

With PrestaPlata-Préstamo, users can borrow loan amounts ranging from $100 to $10,000. The loan term can vary from 91 to 180 days. The maximum Annual Percentage Rate (APR) stands at 30%. There is no service fee, and the average Cost of Annual Total (CAT) is% plus VAT.

For example, if you borrow $2,000 with a loan term of 91 days, the following fees apply:

• Monthly interest rate: 30% / 12 = 2.5%
• Monthly interest: $2,000 * 2.5% = $50
• Total monthly payment: $2, + $50 = $716.67
• Total interest: $2,000 * (30% / 360) * 91 days = $151.67
• VAT: $151.67 * 16% = $24.27
• Total repayment amount: $2,000 + $151.67 + $24.27 = $2,175.94

To be eligible for a loan, applicants must be Ecuadorian citizens, at least 18 years old, and have a bank account.

PrestaPlata-Préstamo offers several advantages, including 24/7 online service, ensuring the utmost security of user information. The app aims to provide efficient financial loan services to address users' financial needs, with low interest rates, high loan amounts, and a high approval rate.

Please note that no personal contact information is provided in this review.