PrêtQ

PrêtQ is a mobile application that facilitates loan access in several West African countries, including Cameroon, Senegal, Benin, Burkina Faso, and Togo. It is recognized for its user-friendly interface and its capacity to provide unsecured credit loans, which simplifies the process of obtaining financial assistance. The platform features an efficient review process and offers comprehensive support for borrowers seeking to engage in online lending.

Eligibility Criteria

• Age requirement: Applicants must be between 22 and 55 years old.
• Income source: Users are required to have a regular monthly income.

Loan Interest

• Loan Amount: Ranges from 100,000 FCFA to 250,000 FCFA
• Loan Duration: Flexible terms from 180 to 365 days
• Interest Rates: Vary between 13% and 29% annually
• Service Charge: No additional fees applicable

Example

In a typical scenario where a client borrows 100,000 FCFA for 270 days with an Annual Percentage Rate (APR) of 20%, the interest calculation would be:

• Loan Interest Calculation: 100,000 FCFA * 20% / 365 * 270 = 14,794.5 FCFA
• Total Repayment Amount: 100,000 FCFA + 14,794.5 FCFA = 114,794.5 FCFA
• Monthly Repayment: 114,794.5 FCFA / 9 = 12,754.9 FCFA

How to Use PrêtQ

1. Download and install the PrêtQ application.
2. Complete the registration process by providing your personal information.
3. Submit your loan application for processing.
4. If approved, the loan amount will be directly disbursed into your account.

The organization emphasizes transparency regarding its privacy policy, which can be accessed at this link.

For further inquiries, users can reach out via email at [email protected]. Customer service is available from Monday to Saturday, between 8:30 a.m. and 5:00 p.m. Alternatively, visit our office location at VG79+MMC Djeug'appart, Ave Ahidjo, Yaoundé, Cameroon.