MoMo Apk

UpdatedAug 03, 2021
Version2.2.8
App byMONEED
Get it onPlay Store

About

MoMo is an authorized digital lending platform that provides short-term and long-term loans. The loans are offered in partnership with registered Non-Banking Financial Companies (NBFCs) in India. The app allows users to choose loan repayment periods ranging from 91 to 180 days and borrow amounts from ₹3,000 to ₹25,000. The Annual Percentage Rate (APR) is capped at 36%, and the processing fee ranges from 13.98% to 26% of the loan amount, based on personal credit. Features include immediate bank transfers, easy repayment options, and an online application process. Eligibility criteria include being an Indian citizen with a bank account and a minimum age of 21. MoMo prioritizes data security and privacy, complying with the highest standards and protocols.