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This Loan Disclosure Policy explains the terms, conditions, and important information regarding loan services available through the Eootle platform.
Eootle operates as a financial technology platform that connects users with digital financial services. Eootle is not a bank and does not directly provide traditional banking services.
Loan services available on the platform are powered by our lending partner Owl Global Network, which is responsible for loan processing, approval, and repayment management.
Loan services are available only to eligible users who meet certain requirements. Eligibility may depend on several factors including:
Approval of loan applications is not guaranteed and is subject to internal review and risk evaluation by the lending partner.
Loan amounts available on the platform may vary depending on user eligibility and platform policies. Eligible users may request loans within the available limits displayed in their account dashboard.
Minimum and maximum loan limits may change at any time based on internal lending policies and risk assessments.
Loans issued through the Eootle platform may include an interest charge.
The Annual Percentage Rate (APR) may vary depending on loan duration, risk profile, and lending partner policies.
APR Range: 5% – 36%
Maximum APR: 36%
The exact interest rate applicable to a loan will always be displayed clearly to the user before the loan is accepted.
Loan repayment periods may vary depending on the loan type and amount.
Typical repayment periods available on the platform may range from:
7 days – 180 days
The exact repayment date will be displayed during the loan confirmation process.
The following example illustrates how loan repayment may be calculated:
Loan Amount: ₦50,000
Interest Rate: 10%
Loan Duration: 30 days
Total Interest: ₦5,000
Total Repayment Amount: ₦55,000
This example is provided for illustration purposes only. Actual loan terms may vary depending on eligibility and lending partner policies.
Some loans may include additional charges such as:
All applicable fees will be clearly disclosed before a loan is accepted.
If a borrower fails to repay a loan on or before the due date, late repayment penalties may apply.
These penalties may include:
Users are encouraged to repay loans on time to maintain a positive account standing.
Borrowers should carefully evaluate their financial situation before requesting a loan. Loans should only be used when necessary and when the borrower is confident they can meet the repayment obligations.
Eootle provides access to loan services as part of its financial technology platform. While we strive to ensure fair lending practices through our partners, users remain responsible for understanding the terms of any loan they accept.
If you have questions regarding loan services or repayment terms, please contact us through the support channels available on the Eootle platform.
Eootle
Email: support@eootle.com
Website: www.eootle.com
