Momo Land LLC, registered in Mongolia with the registration number 6655009, presents its newly launched loan product aimed at assisting the younger generation with everyday financial challenges.
Loan Amount:
50,000 MNT - 2,000,000 MNT
Fees:
The fee structure ranges from 0% to 2% of the requested loan amount.
Loan Interest Rate:
The monthly interest rate varies between 2% and 3%, leading to an Annual Percentage Rate (APR) of approximately 36%. To enhance transparency and customer satisfaction, the interest rate will be calculated based on the actual duration of the loan.
Maximum Annual Percentage Rate (APR): 36%
Minimum Annual Percentage Rate (APR): 24%
Loan Term:
The duration for Momo Land's loan products spans from 90 to 360 days, with options for multiple extensions during this period.
Illustrative Examples:
- Minimum scenario: For a loan of 100,000 MNT over 90 days at a 0% fee and a 4% interest rate, the total repayment would amount to 106,000 MNT, composed of the principal plus interest for the specified period.
- Maximum scenario: For a loan of 100,000 MNT over 120 days with a one-time fee of 2% and a monthly interest rate of 2%, the total repayment would be 110,000 MNT, which includes the full interest accrued over the loan duration and the principal.
Application Process:
To determine credit eligibility, users must input their phone number and national identification number. A one-time password will be sent for verification. Subsequently, our automated system will process the credit score.
Please note:
Your personal information—including your name, registration number, photograph, and contact list—will solely be utilized for lending-related activities such as research and repayment. Refusal to provide this information will preclude access to loan services.
We wish you success with your financial endeavors through Momo Land.
Overview
MomoLand is a Freeware software in the category Business developed by MomoLand.
The latest version of MomoLand is 1.1.0, released on 01/09/2025. It was initially added to our database on 01/09/2025.
MomoLand runs on the following operating systems: Android.
MomoLand has not been rated by our users yet.
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