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Credit Cards

The LOLC Finance Mastercard Credit Card is for those who always do good, spread happiness and do what's best for their loved ones and themselves.

Interest Calculation Example


Date Description Transaction Amount Balance
02/06/2017 Opening balance - 10,000
10/06/2017 Purchase 1,000 11,000
16/06/2017 Payment (3,000) 8,000
01/07/2017 Interest for the period 210.19 8,000
01/07/2017 Closing Balance - 8,210.19
Interest for the Period Balance Rate No. of Days Provisional Interest Amount
From 02/06/2017 - 09/06/2017 10,000 28% 8 61.37
From 10/06/2017 - 15/06/2017 11,000 28% 6 50.63
From 16/06/2017 - 01/07/2017 8,000 28% 16 98.19
Total - - - 210.19