Loan

What is the loan?

Loan is a financial agreement pursuant to which the lender gives money to the borrower for usage. The loan is for charge - the lender is willing to receive the fee for lending the money, which is usually interest.

The loan has a maturity date - each loan is a financial obligation that must be repaid by the maturity date. Loan conditions - loan amount, loan period, payment schedule, interest rate, penalty, other overdue charges, collaterals and other conditions are agreed in the loan contract. Each loan is a financial obligation that must be repaid. Consider the loan terms carefully. As a result of loan repayment default your loan debt might increase due to reminder fees and other costs associated with the debt collection process.

Why to borrow from MoneyZen?

  • Reasonable interest rate
  • Borrow up to €10 000
  • Loan period up to 7 years
Calculate repayment!
Car Loan
Business Loan
Home Loan
Education Loan
Refinancing
Travel Loan
Quick Loan
Consumer Loan
Health Loan

Recommendations before applying for a loan

  1. Consider carefully if you really need a loan and in which amount Why?
  2. Investigate and compare the terms of several loan providers Why?
  3. All your loan repayments should not exceed 33 percent of your total monthly income Why?
  4. Make sure that you have considered all additional terms and costs Why?
Representative example

Borrowing a loan in the amount of €6,000 at an annual percentage rate 13% for a period of 5 years with a monthly instalment of €148.52, will have the annual percentage rate 20.07%. The total amount payable during the loan period is €9,116.11, including €2,191.11 as interest and €720 as contract administration fee. The contract fee €180 and ZenFund payment €25 will be collected immediately at the loan reimbursement. The total credit costs for the loan period are €3,116.11. Eventual loan conditions offered depend on your personal circumstances. Before using the service please read the loan guide, user agreement and general terms and conditions of our financial services. If necessary please consult with a financial expert.

Dear Investor!

Please keep in mind that although MoneyZen investors have earned an average return greater than 15% after the paid fees and bad debts write-off using MoneyZen’s lending platform, the invested capital remains at a high risk. Earning the return on investment through lending money via MoneyZen poses the risk of losing the invested capital partially or entirely. MoneyZen seeks to earn an average return of 12% p.a. on invested capital (after the paid fees and bad debts write-offs). The ZenFund offered by MoneyZen may compensate you the principal of a bad debt. Before using the service please read the investment guide, user agreement and general terms and conditions of our financial services. If necessary please consult with a financial expert.