Credit rating (UPDATED IN 2021)
In NEEBank, the credit limit is assigned based on users’ total spending (on all services) within 3 months after the NEEBank users’ accounts are activated.
With this total spending, NEEBank will be able to evaluate a user’s credit and risks to offer a suitable interest rate. In other words, the higher the evaluation is, the lower the interest becomes. That’s why, for the same loan value and period, different users have different interests.
Credit level is also a measurement for loans with NEEBank. It influences the highest limit of loans that NEEBank offers its clients who apply for loans with NEEBank.