Tezpul 1.0.18

TezPul is a mobile credit application developed by "MJ Financial Services BOKT," designed to assist customers in meeting their current expenses. Eligible applicants can utilize the app to acquire credit, provided they meet specific requirements.

Requirements for loan approval include:

• No active delinquencies
• A valid bank card
• A government-issued ID
• Contact numbers for four related individuals
• A registered residential address
• Access to the SIMA digital signature program

The loan process involves the following steps:

1. The applicant logs into the application and completes all required fields.
2. After submitting the application, the applicant downloads and registers for the “SIMA – Digital Signature” app from either the Play Store or App Store.
3. Upon approval by BOKT, a Loan Agreement is generated and sent via the SIMA platform for the applicant's e-signature through the app.
4. The loan agreement becomes effective once the applicant signs it using SIMA.
5. The approved loan amount is transferred to the applicant's bank card.
6. The applicant repays the loan according to the established schedule.

Details provided within the application include:

• Key information from the loan agreement
• Payment dates
• Payment amounts

Main terms of the credit include:

• Minimum loan term: 2 months
• Maximum loan term: 12 months
• Maximum annual percentage rate (APR): 35%

An example of a typical loan scenario:

• Loan amount: 100 AZN
• One-time commission fee: 3%
• Annual interest rate: 26% (annuity payment)
• Loan duration: 12 months

In this case, the customer will repay a total of 117.65 AZN by the end of the 12-month period, consisting of 100 AZN principal, 3 AZN commission, and 14.65 AZN in interest. The effective interest rate (APR) for this example would be 32%.