Description
Mobile micro-loan application in Ethiopia, brought to you by Oromia Bank. Milkii offers cash loans, asset financing, airtime loans, and merchant loans with transparent terms and flexible repayment options.
Key Features:
Flexible Repayment Terms: Choose from repayment periods ranging from 30 to 180 days, allowing you to repay at your convenience.
Transparent Pricing: We use a simple interest formula to calculate loan costs, ensuring full transparency in fees and interest rates.
Maximum APR: Our loans have a maximum Annual Percentage Rate (APR) of 10%. We are committed to providing affordable lending solutions.
Representative Loan Example:
Cash Loan - Milkii
Loan Amount: 500 ETB
Total Charges: 50 ETB
Total Interest: 0 ETB
Repayment Period: 30 days
Frequency: Monthly
Airtime Loan - Milkii Airtime
Loan Amount: 25 ETB
Total Charges: 0 ETB
Total Interest: 0 ETB
Repayment Period: 30 days
Frequency: Monthly
Merchant Payments: Easily pay for goods at Milkii and SantimPay merchants using your loan, enhancing your shopping experience.
Commitment to Transparency: At Oromia Bank, we believe in empowering our customers with clear information about loan quality, features, fees, risks, and benefits. We are dedicated to helping you make informed financial decisions.