Rain Fintech

Rain is an unsecured loan product from an GTC financial services provider. GTC has registration number 6655009 and is authorized to operate in accordance with the laws of Mongolia.Rain is:The purpose is to provide unsecured, microcredit services to help with your day-to-day financial affairs.Loan amount:50’000 MNT - 800’000 MNTFees:The fee will be less than 5’000MNT and 5% of the requested loan amount.Son:The interest rate will be 2 to 5 percent, depending on your credit rating. However, in order to provide fair and useful services to our customers, we will calculate the interest rate based on the number of days used during the loan period.Loan term:Our loan product has a choice of 60 days. The repayment period is 60 months after the loan expires.Credit Score:Our automated system calculates your credit score. All we need is the users registration number.How to use:Download the Rain app and enter your account phone number and registration number. If we consider it possible to provide you with a loan service, we will notify you and come to our customer center once and sign a contract so that you can get a loan and use it whenever you want within the scope of your loan rights.Example: If you borrow 100,000 MNT and add a fee of 1,000 MNT after 60 days, you will pay a total interest of 4,000 MNT or a total of 105,000 MNT. Maturity is a maximum of 60 months.Good luck, Rain Team.Contact us:E-mail: [email protected]: @rainfintechmnEnglish:Rain is a loan-service product of GTC NBFI. Gtc NBFI is registered in Mongolia, registration no 6655009. The company follows all the regulation and the laws of Mongolia.The Rain product:This is a collateral-free, instant loan service app.Loan amount:Depends on the client profile, credit score. But the limit is between 50’000MNT to 800’000 MNT.Loan Fee:Loan fee is 5’000MNT.Loan Interest Rate:Monthly interest rate is 2% to 5% which makes APR 24% to 60%.Credit line period: Minimum repayment period is 3 months while the maximum repayment period is 60 months.Representative example: lets say a customer lent 100,000 Tugrigs. The fee amount is 1,000 tugrigs and the interest amount is 4,000 so the total cost that the customer has to pay is 105,000 tugrigs.Credit Score:To compute the credit score, a user has to put the phone no and national identification no on the. We will confirm the phone no with one time password. After that our automate computation system will compute the score.