Frequently asked questions

How are rates determined?

884 views April 3, 2015 July 13, 2018 presta 23

Presta is a Lenders toolkit that allows lenders to determine:

  1. Who to lend to and their borrowing limit.
  2. What loans to offer (Multiple options exist including 7 day loans, 14 day loans, 21 day loans, 1 month loans etc)
  3. What rates to charge for each loan type.
  4. What penalties to charge for late repayment. Options include recurrent daily penalties, One time prorated, or fixed penalties as well as rolling over loans.

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