Rayo Credit is a free Android app developed by Rayo Latin-America in the Finance subcategory of Business & Productivity. It is designed to provide quick solutions for occasional financial needs by offering mini loans instantly without the need for guarantors. The app promises to deposit money within 24 hours of application.

The app offers personal loans in Colombia and Costa Rica with a minimum and maximum repayment period of 60 to 360 days. The maximum annual interest rate in Colombia is 24.87% EA, while in Costa Rica, it is 37.5% EA. The administration and technology services depend on the loan type and period. Rayo Credit offers an example of a three-installment loan in both countries, which includes the interest, administration, technology, and IVA charges.

Rayo Credit seems like a convenient option for those looking for quick and easy mini loans in Colombia and Costa Rica. However, users should be mindful of the interest rates and additional charges while applying for a loan through the app.