HiLoan is a mobile app that offers quick and easy cash loans with a minimum Annual Percentage Rate (APR) of 15% and a maximum APR of 60%. The loan term ranges from 90 to 365 days, and the loan amount ranges from 200 to 50,000. This fintech loan app promises a fast loan processing procedure that is hassle-free, and requires no paperwork or security/guarantors. Loan applications are processed within 5 minutes, making it ideal for those in need of urgent cash.
To use the HiLoan app, you simply need to download and install it on your smartphone, launch the app, and register by providing your personal details. Once registered, you can view your loan limit and submit your loan request. The loan repayments are made via mobile and are applied instantly. You will receive repayment instructions after your loan is approved. Moreover, If you have paid off the loan before, you will be allowed to borrow it again.
HiLoan Protects Borrowers:
HiLoan takes your privacy seriously and promises to protect your personal information. The app verifies your identity and assesses your credits by collecting your full legal name, national ID, and mobile number. However, the app will not share your information with third parties without your permission. All your data is well encrypted and secured, so you can rest assured that your information is safe.
Simple conditions when you borrow money from HiLoan:
To provide high-quality loan services, the app may collect personal information such as name, gender, email address, occupation, income, education, and family status. This information is used to understand your financial situation and provide accurate loan services.
One thing to note is that HiLoan charges a service fee, which is based on the loan amount and the interest rate. For example, if you borrow 1000 and the interest rate is 25%, the total service fee would be 250. Thus, the total amount you need to pay back would be 1250, including the service fee.
The app also requests some personal information such as your birthday, occupation, income, education, and family status. This is to ensure that the loan amount and repayment plan are tailored to your financial situation, making it easier for you to manage your finances and repay the loan.
It’s important to carefully read through the privacy agreement before registering and submitting your personal information. While the app promises to keep your data secure and not share it with third parties, it’s always best to be cautious when it comes to sharing personal information online.
Benefits of HiLoan app
- Quick and easy loan processing: HiLoan’s loan processing procedure is fast and straightforward. The app promises to process loan applications within five minutes, making it ideal for those in urgent need of cash.
- No registration fees or paperwork: Unlike traditional loan providers, HiLoan doesn’t require any registration fees or paperwork. You can simply register by providing your personal details and view your loan limit to submit a loan request.
- No requirement for security/guarantors: HiLoan doesn’t require any collateral or guarantors to approve loans. This makes it easier for those who don’t have assets to secure their loans.
- Mobile repayment system: Pay off previous loans directly on the internet quickly. Once your loan is approved, you will receive repayment instructions, making it easy to manage your finances.
- Tailored loan amounts and repayment plans: HiLoan assesses your credit and financial situation to provide a loan amount and repayment plan tailored to your needs. This makes it easier for you to manage your finances and repay the loan.
Overall, HiLoan is a convenient and efficient option for those seeking cash loans. With its fast loan processing procedure and mobile repayment system, it’s a great solution for those in need of urgent cash. However, as with any financial service, it’s important to thoroughly read through the terms and conditions and ensure that you understand the repayment plan before accepting the loan.