CashPal is an intermediary that provides online loans to its users
which can be operated through mobile app anytime and anywhere.
There are 4 steps
Register
Review
Disburse
Repay
Principal is ₦200,000
Choose a 3 months period
The total service fee is ₦50,000*90*1%=₦45,000
Then, the total amount of repayments for 3 months is ₦45,000