Fori Qarz Online Personal Loan Description
Fori Qarz is an online money lending app based in Pakistan. It is a mobile credit cash loan app in financial category. fori qarz app is a high-quality financial app that helps users to easily get loans online with flexible terms. fori qarz uses big data to assess user credit. Users can get flexible funds safely and quickly without credit guarantee. They can earn money online safely and can pay in installments. fori qarz is licensed by SECP (Securities and Exchange Commission of Pakistan).
Loan
1. High loan amount: Rs 9,000 to Rs 50,000.
2. Long-term loan term: 91 days to 180 days.
3. Sharah Maximum Annual Fee (APR): 30% per annum
example:
If the loan amount is Rs. 20,000, 30% APR, 5% service fee, 91-day term, total interest paid at maturity = 20,000 x 30%/365 x 91 = 1,495
Service fee = 20,000*5% = 1000
Total amount disclosed is 19,000 (20,000 – 1,000)
The total refund is 21,495 (20,000 + 11495)
The monthly fee is 7,165 (21,495 / 3)
【Conditions of download】
1. Citizens of Pakistan.
2. Between 18-60 years old.
3. Salaried/self-employed with a regular source of income.
[Interest, penalties and loan experience]
1. APR: Up to 30% based on customer's credit score.
2. Service fee: 1% to 9% will be charged according to the customer's credit history.
3. No membership fee.
4. Penalties will only be charged if someone delays their scheduled payment.
[How to apply]
1. Download the app from Play Store and install it.
2. Sign up with your phone number.
3. Fill in the basic information.
4. Accept and electronically sign the agreement, pending approval.
5. Take money.
Contact Us:
Address: QCHQ+5JR, Jaliani Bartender, Naharkot, Barkhan, Baluchistan, Pakistan
Customer Support Email: helpone@foriqarzpk.com
Loan
1. High loan amount: Rs 9,000 to Rs 50,000.
2. Long-term loan term: 91 days to 180 days.
3. Sharah Maximum Annual Fee (APR): 30% per annum
example:
If the loan amount is Rs. 20,000, 30% APR, 5% service fee, 91-day term, total interest paid at maturity = 20,000 x 30%/365 x 91 = 1,495
Service fee = 20,000*5% = 1000
Total amount disclosed is 19,000 (20,000 – 1,000)
The total refund is 21,495 (20,000 + 11495)
The monthly fee is 7,165 (21,495 / 3)
【Conditions of download】
1. Citizens of Pakistan.
2. Between 18-60 years old.
3. Salaried/self-employed with a regular source of income.
[Interest, penalties and loan experience]
1. APR: Up to 30% based on customer's credit score.
2. Service fee: 1% to 9% will be charged according to the customer's credit history.
3. No membership fee.
4. Penalties will only be charged if someone delays their scheduled payment.
[How to apply]
1. Download the app from Play Store and install it.
2. Sign up with your phone number.
3. Fill in the basic information.
4. Accept and electronically sign the agreement, pending approval.
5. Take money.
Contact Us:
Address: QCHQ+5JR, Jaliani Bartender, Naharkot, Barkhan, Baluchistan, Pakistan
Customer Support Email: helpone@foriqarzpk.com
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