Fanaka is easy to use.
How does it work?
● Go through a simple registration process.
● Apply the amount you need up to 20,000 for first time applicants.
● Get approved within less than 24 hours.
● Build your credit up to 20,000 by making loan payments on time!
Privacy and permissions:-
When you download Fanaka short term loan, we will ask for your official names and mobile phone number in order to verify your identity, creditworthiness, and provide you the fastest loan. We take privacy very seriously and your personal information will never be shared without your direct permission.
Terms and Conditions:-
Fanaka short term loan charges a minimum interest of 7.5% to maximum interest of 13% of principal. Repayment schedules may vary; however, the maximum repayment period for a Fanaka short term loan is 30 days from disbursement.
Maximum late fee of 10% of principal.
Example:-
30-day loan; 7.5% service fee (on-time repayment)
Amount of Principal: 10,000
Amount of Service Fee: 750
Total: 10,750
