Daira 1.1.2

Daira presents itself as a noteworthy player in the realm of online lending, operating as an approved Nano Lending Platform in Pakistan. Developed by the registered NBFC, Finleap Financial Services (Private) Limited (License No. SECP/LRD/150/FFSPL/2024), Daira aims to offer a streamlined and adaptable financial solution to its users.

Personal Information Security Declaration:
In adherence to Pakistani laws, Daira collects only the essential information required for credit score evaluation. Communication with clients is limited to loan repayment periods, and user data is not shared with any third parties without explicit consent. This commitment ensures that your information remains secure, prioritizing your privacy while providing reliable online credit services.

Loan Details:

• Term of Loan: 60-90 days
• Loan Amount: PKR 3,000 to PKR 50,000
• Maximum Annual Fee Rate (APR): 2%-12% per year

Example Calculation:
A loan of PKR 12,000 for a term of 3 months can be calculated as follows:

• Monthly Markup Rate: 12%/12 = 1%
• Total Markup: PKR 12,000 * 12%/12 * 3 = PKR 360
• Total Repayment Amount: PKR 12,000 + PKR 360 = PKR 12,360
• Monthly Payment Amount: PKR 12,360 / 3 = PKR 4,120

Loan Application Requirements:

• Pakistani nationals aged 18 and above
• Valid CNIC holders