Mobilo Credit

The Mobilo app for smartphones simplifies the loan application process significantly. After downloading and installing the app, users can apply for a short-term loan and receive funds almost immediately.

For those seeking easy, secure, and quick access to short-term loans from any location, the Mobilo app offers several advantages:

• The app is completely free of charge.
• Loan terms range from 61 days to 12 months.
• Maximum Annual Percentage Rate (APR) is 720%.
• A valid ID and a recent bank statement showing your income are required.
• You can photograph and upload a copy of your ID directly into the app.
• From the second loan onward, funds can be obtained with just seven clicks, provided personal information remains unchanged.
• The application is fully secured with state-of-the-art protection systems.

Examples of loan calculations:

• For a loan with a 2% interest rate: For a loan amount of 1,000 RON, the daily interest is 20 RON, leading to an APR of 730%. The total amount payable at maturity will be 1,600 RON. Clients may benefit from an automatic extension of the loan period up to a maximum of 365 days, subject to a minimum payment amount as stated in the loan agreement.
• For a loan with a 1.5% interest rate with monthly payments: For a loan amount of 1,000 RON over 12 months, the daily interest is 1.5%, corresponding to an APR of 540%. The first installment due will be 533.33 RON, payable 30 days after the loan is granted, with subsequent installments decreasing over time.