MulaLending Review
Quick overview
- Amount: ₱5 000 - ₱50 000
- Term: 61 - 365 days
- Age: 18 + years old
MulaLending table of repayments
| Amount | Fee | Total payment | Term |
| ₱5 000 | ₱3 050 | ₱8 050 | 61 days |
| ₱10 000 | ₱6 100 | ₱16 100 | 61 days |
| ₱30 000 | ₱109 500 | ₱139 500 | 365 days |
A representative example
A loan of 10 000 pesos is issued for 61 days with the extension of the contract. In 365 days below the contract rate is 1% per day (annual rate, respectively, will be equal to 365%). The total interest for this year is 36 500 pesos. (10,000 * 365% = 36,500), for 1 day 100 pesos (36,500 / 365 = 100), for 61 consecutive days, 6,100 pesos (100 * 61 = 6,100). The total amount of payment is 16,100 pesos. (The main debt in the amount of 10,000 pesos + 6,100 pesos.).
MulaLending experience and discussion
MulaLending experiences
Tell us your experience with MulaLending at info@coolfinance.ph and we will publish it anonymously into our discussion.
Is MulaLending a scam?
No. The product is absolutely fine and no need to worry about anything hidden. The company Hovono Inc. really provides these loans.