PrimeAgrim

Features PrimeAgrim

About PrimeAgrim AppDigital Loan Application by Prime Bank Introducing PrimeAgrim: a groundbreaking nano loan service by Prime Bank, exclusively for Prime Bank account holders.
This mobile app, fueled by AGAM, swiftly delivers nano loans, advance salary access, and other cutting-edge digital banking solutions.In just under 4 minutes, users can acquire an alternative credit profile that determines their fund eligibility.
This revolutionary credit scoring is powered by AGAMs proprietary AI-driven credit scoring system, the Individual Independence Index - III™.Applying for a nano loan or accessing your salary in advance has never been easier!Enjoy fully end-to-end digital banking application support absolutely free for without any monthly or yearly maintenance fees at all!Forget the hassle of visiting bank branches or waiting in queues for a loan.
Simply install PrimeAgrim, register with your Prime Bank account number and National Identity number, answer a few straightforward questions, and enjoy swift fund approval and disbursement immediately!(Current Services)AGAM III™ score* Alternative credit score in minutes- Users can swiftly assess their creditworthiness and finance eligibility by answering a few concise questions.
An initial score will indicate the allowable advance amount.Nano Loan(Exclusive to low-income employees at select corporations.)* Apply for an instant nano loan- Access a loan of up to 30% of your monthly salary at a competitive 9% annual bank rate.
A minimal processing fee of 0.5% applies to the loan amount and is deducted during disbursement.**Automated repayment(s)- Choose a repayment tenure of 1 to 6 months.
Auto-repayment kicks in when your salary is deposited into your bank account on payday.
In case of insufficient balance, a 2% penalty may be applied on the due amount after a 10-day grace period.Advance Salary Access (Exclusive to Prime Bank staff members only)* Avail own salary in advance- Access up to 30% of your current monthly salary as an advance payment without any bank interest.
A fixed service charge of 0.50% of the accessed amount will be deducted during disbursement.**Adjusted repayment- The accessed advance amount will automatically adjust with the payroll, with the remaining balance disbursed into the users checking or salary account on their regular payday.Tutorials* In-app Interactive educational modules- Self-guided tutorials covering essential topics to enhance your budgeting, money management, and savings skills.- Modules on finance, health, nutrition, social rights and so on.Set Own Goals: Coming Soon!Products: Embedded Finance to be Unlocked Soon!(Available Features from the Home Page)Take Assessment: Mandatory assessments to improve credit scores, allowing users to request larger nano loans or advance salary access.III™ Score: Check your credit score to assess your eligibility and determine the potential funding amount.
Receive guidance on unlocking additional perks and understanding the benefits it can offer.Apply for Nano Loan / Advance Salary Access: Users can choose their desired amount from the approved eligibility and confirm the Debit Mandate with Prime Bank to receive the applied funds in their bank account or mobile financial services (MFS) wallet.Tutorials: Continuously engage in self-learning through engaging educational modules to improve assessments, leading to higher scores, increased funding, and the ability to make informed and effective financial decisions.Assessment & Accessed History: All past assessments, loan history, and transaction statuses will be easily accessible for users, providing crucial information like loan application and repayment dates, validity, and more, at any time.What’s new- Introduction of Advance Salary Access- Enhanced UI for a seamless app experience- Updated security services - Improved application performance