MomoLand

Features MomoLand

Momo Land LLC is registered in Mongolia, registration no 6655009.
Momoland brand is new loan product for the younger generation designed to help you with your day-to-day financial problems.Loan amount:50’000 MNT - 2’000’000 MNTFees:The fee is 0% to 2% of the loan amount requested.Loan Interest Rate:Monthly interest rate is 2% to 3% which makes APR 36%.
However, in order to provide fair and useful services to our customers, we will calculate the interest rate based on the number of month used during the loan period.Maximum Annual Percentage Rate (APR) - 36%Minimum Annual Percentage Rate (APR) - 24%Loan term:Our loan products last for 90-360 days.
During this period, the loan can be extended several times.For example:Minimum example: If you use 100,000 MNT in 90 day , the loan fee is 0% and the loan interest rate is 4%, you will repay 106,000 MNT, which is the sum of 90 day interest and loan amount.Maximum example: If you have used 100,000 MNT for 120 day, one time loan fee is 2% and the loan interest of month rate is 2%, you will repay 110,000 MNT, which is the sum of 120 day of interest and loan amount.How to use:To compute the credit score, a user has to put phone no and national identification no on the.
We will confirm the phone no with one time password.
After that our automate computation system will compute the score.Warning: We will use your personal information such as your name, registration number and photo and contact phone list number only for lending activities such as lending research and repayment.
If you refuse to provide this information, you will not be able to get a loanGood luck to you, MomoLand.