Types of loans
Petitecredit offers several categories of interest-free loans. Entrepreneurs can avail Business loans. Other borrowers can apply for loans relating to Education, Health Emergency, Liberation, Capital Expenditure up to a maximum loan amount of US$ 500.
Business loan
This is the type of loan for those who want to start up a business and need a small amount of money. It is a loan or financing for a business start-up or seed capital or to be utilized for business working capital.
Education Loan
Education loan is provided for someone who needs money for their education. The money can be utilized towards school & educational fees and related educational application costs.
Health Emergency
This is the type of loan that is used when someone is in need of money for health issues to pay emergency medical bills.
Liberation Loan
Liberation loan is exactly what it means, to liberate someone. This type of loan is normally used to help pay off previous loans that had exorbitant or high-interest rates. Borrowers could switch from a high-interest lender to Petitecredit that charges zero interest.
Capital Expenditure (CapEx) Loan
Capex loan is provided for buying or repairing assets, such as roof repair, purchase of furniture and fixtures for families.
