Aug 28, 2017 · 1 min read
I must say I’m far from pleased with the new update on the app. The features are not friendly and customers are subjected to accept your terms of repayment, as opposed to the v2 flexibility in choosing loan duration options. This feature only allows for Paylater to get high interest rate, I mean why should you cap the minimum interest rate of a 118k loan at 40% spread over 6months? When your v2 had an option for 100k laon with 15% interest for 3 months? Which I’m sure most salary earners repaid in 2months or less. This update to me is just discouraging and I’ve to look elsewhere for a more convenient loan service.