CredoApply vs Get Funded

The CredoApply demo app is used only by Credolab's Internal Team to conduct product demos to prospective clients. The loan application and scores are for illustrative purposes only and cannot be used to receive credit from CredoLab Pte Ltd.** CredoApply demo is a digital origination demo app published by CredoLab Pte Ltd. It allows customers to select and apply for a loan in real-time. Built on Credolab’s powerful alternative credit scoring technology, the CredoApply demo is packed with mobile intelligence to help manage all steps of the onboarding process in a user-friendly and intuitive way. The CredoApply demo guides customers through the application form, performs anti-fraud checks, and calculates a digital score in a few simple steps and without any friction added to the process. The CredoApply demo allows users to apply for different types of loans depending on the customers’ needs: personal loan, appliances, business, or other needs. The loans have the following characteristics: Loan amount: $50-$3000 Interest rate calculation: (Loan amount / 100) * Loan interest percent * (Loan term* 0.5) Processing fee calculation: (Loan amount / 100) * Loan processing fee percent * (Loan term*0.5) Loan interest percent: 4.5% - 7% p.a Loan processing fee percent: 1.7% - 2.7% Maximum Annual Percentage Rate (APR): 49% Loan repayment: between 3 and 24 months APR Sample: For example, if a customer borrows a personal loan of $1,000 and chooses to repay in 3 months, she shall pay $105 in interest and $38 as processing fee. As such, the customer receives $962, while the total amount due is $1,105. CredoLab respects your privacy Credolab processes only privacy-consented and permissioned metadata. We always ask for your permission before accessing the information on your phone. All information requested is relevant to creating an alternative credit score and detecting potential fraud. For more information on our data practices, please refer to https://www.credolab.com/privacy-policies/gdpr-privacy-policy.

We offer a personalised service tailored to your specific needs and goals, ensuring the most relevant grants are targeted for your success. Our team works closely with you to streamline the process and maximise your funding opportunities. With our in-depth understanding and extensive knowledge of the grant application process, it allows us to craft applications that meet all criteria, boosting your chances of approval and increasing the likelihood of securing the funding you need. We handle all aspects of the grant process, including the research, paperwork, and submission, so you can focus on what matters most—growing your business. Our team takes care of every detail, ensuring that your application is complete, accurate, and timely. Download our app to keep up to date with the lates funding news, search for a grant that is just right for you and your project, arrange a call with our specialist team & receive notifications from us when there are any changes in legislation or the grant application process. The purpose of the app is to make the grant application process that much smoother for you, keeping you connected with Get Funded so that we can help you obtain your grant as efficiently as possible.