CheerCredit

CheerCredit offers a flexible line of credit in Senegal, providing quick access to funds whenever you need them. With competitive interest rates and easy repayment options, you can borrow and repay as needed, paying only for the credit you use. Manage your finances with confidence!

Advantages:
1. Flexible Credit Line: Borrow only what you need, up to your approved limit, with easy access to funds anytime.
2. Competitive Interest Rates: Enjoy competitive rates on borrowed amounts, helping you save on interest costs.
3. Pay for What You Use: Only pay interest on the amount you borrow, not the entire credit limit.
4. Easy Repayment: Flexible repayment options allow you to pay back your borrowed funds on terms that fit your financial situation.
5. Credit Limit Increase: As you build a good credit history, your credit limit can increase to give you even more borrowing power.

Requirements:
1. Must be at least 18 years old.
2. Must be a Senegalese citizen or legal resident.


Features:
1. High amount: up to XOF 600,000
2. Flexible tenure: 3 months to 12 months
3. Processing fees: 3% - 6%, based on your profile.
4. Maximum Annual interest Rate（APR）: 15%

Example:
If the borrowed amount is XOF 400,000 and the APR is 12% with a tenure of 6 months, the processing fees is 6%:
Processing fees = XOF 400,000 * 0.06 = XOF 24,000
Final Disbursal Amount = XOF 376,000
Monthly interest rate = 12% / 12 = 1%
Interest for 6 months = XOF 400,000 * 1% * 6 = XOF 24,000
Equated Monthly Installment = (XOF 400,000 + XOF 24,000)/6 = XOF 70,666


Contact Us:
Customer Service Email: help@cheercredit.cc
Address: No. 15, Rue des Eucalyptus, Mermoz, Dakar, Senegal