| Interest Rate | 24% |
| Duration | 30 |
| Access Level | Public |
| Company Name | LEVER CREDIT DEV |
| Phone 1 | +237 683928164 |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Mild Loan |
| Company Email | |
| Views | 20 |
Get instant loans from 50,000 FCFA to 500,000 FCFA with our transparent digital lending platform.
Loan Terms at a Glance
✔ Amount: 50,000 – 500,000 FCFA
✔ Duration: 120 to 360 days
✔ Interest Rate (APR): 12% – 36%
✔ Max Annual Rate: 36%
Example Loan Calculation
For a 100,000 FCFA loan at 24% APR over 360 days:
Principal: 100,000 FCFA
Total Interest: 24,000 FCFA
Total Repayment: 124,000 FCFA (Principal + Interest)
📌 No hidden fees, no insurance costs – you pay only the agreed interest.
Why Choose Secure Leverage Loan?
✅ Credit-Based Approval – No collateral or deposits required
✅ Instant Decisions – Most applications approved within minutes
✅ Zero Hidden Charges – Transparent terms with no surprises
✅ 24/7 Application Processing – Apply anytime, anywhere
✅ High Approval Rate – Accessible to qualified borrowers
Eligibility Requirements
Cameroonian resident
Age 20–65 years
Steady income source
Valid government-issued ID
How It Works
Download the Secure Leverage Loan app
Register with your personal details
Verify your identity in-app
Select your desired loan amount
Receive Funds – Approved loans disbursed directly to your account
Step by step guide to break free from loan apps
Expert Counsel
Under Cameroonian Law, loan agreements must comply with strict financial regulations to be legally enforceable. Borrowers have rights protected by:
Banking Sector Regulation Law (2018)
OHADA Uniform Act on Contract Law
CEMAC Microfinance Guidelines
Data Protection Law No. 2010/012
When a Loan Agreement May Be Invalid in Cameroon
1️⃣ Unlicensed Lenders
→ Any lender operating without approval from COBAC (Banking Commission of Central Africa) or MINFI (Ministry of Finance) is illegal.
→ Verify licenses via www.minfi.cm
2️⃣ Excessive Interest Rates
→ The CEMAC region caps interest rates at 30% APR for microfinance institutions.
→ Contracts exceeding this may be challenged in court.
3️⃣ Fraudulent Practices
→ Misrepresentation of terms or hidden fees voids contracts under OHADA Contract Law Article 96.
4️⃣ Illegal Harassment
→ Loan apps cannot:
• Contact your phonebook without consent (Data Protection Law)
• Threaten or defame you (Penal Code Section 154)
→ Report violations to ANTIC (National Cybersecurity Agency).
5️⃣ Missing Documentation
→ Loans above 100,000 FCFA require:
• Signed agreement
• Clear repayment schedule
• COBAC/MINFI license number
Borrower Rights & Recourse
✔ Right to Cancel: 3-day cooling-off period for digital loans
✔ Right to Complain: Submit grievances to COBAC or MINFI Consumer Protection Desk
✔ Right to Privacy: Lenders must comply with Law No. 2010/012 on data collection
Penalties for Illegal Lenders:
• Fines up to 50 million FCFA
• License revocation
• Criminal prosecution for harassment
Safe Borrowing Checklist
✓ Confirm lender’s COBAC registration
✓ Ensure APR does not exceed 30%
✓ Never share phonebook access
✓ Insist on a written contract
Victim of predatory lending?
📞 COBAC Hotline: +237 222 22 25 72
📧 MINFI Complaints: dg-microfinance@minfi.cm
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