CloQ 4.0.27

CloQ is a financial inclusion app designed for Brazilian workers. In the current Brazilian market, traditional credit analysis based on SPC/SERASA and financial data often excludes a significant portion of the population from accessing formal credit.

What sets CloQ apart is its proprietary credit analysis utilizing alternative and public data. By leveraging alternative data, the app can gain insights into customers without requiring a financial history, proof of income, or consideration of SPC/SERASA status, thus offering services in a more straightforward and less bureaucratic manner.

Over time, the CloQ credit score may serve as a valuable contribution to other financial institutions, potentially expanding the range of services they can provide.

The CloQ analysis represents a new, more inclusive alternative credit score for Brazil.

Obtaining a nano-loan through CloQ is designed to be simple, transparent, quick, and flexible regarding payment dates.

The CloQ app offers users the following features:

• Quick registration to access the app (this information is collected to ensure security against unauthorized loan requests).
• Simulation of a nano-loan directly from your phone, without the need to print any documents.
• Request for nano-loans ranging from R$100 to R$500.
• Monitoring the status of loan applications.
• Tracking payment dates and installment management.
• Keeping updated on personal loan status.

Nano-loans range from R$100 to R$500 with repayment terms between 60 and 285 days, depending on the loan amount. The interest rates vary from 7.5% per month to a maximum of 11% per month, with the Total Effective Cost (CET) ranging from 12.8% per month to a maximum of 18.2% per month, translating to annual rates between 324.3% and 643.8%. For instance, borrowing R$150 with a payment term of 60 days would result in a total repayment of R$186.76, equating to an annual interest rate of 250%.

It is important to note that currently there is a waiting list for new users. Upon downloading the app, those who are not current CloQ clients must request an invitation. The invitation process may take some time due to high demand. It is advisable to request your invitation early for prompt access to the app.

CloQ operates as a platform aimed at facilitating the intermediation of nano-credit offers, providing nano-loans between R$100 and R$500, as well as other financial services through partnerships. CloQ is not a financial institution and does not extend credit; it merely connects users seeking loans with lenders willing to provide funding.

It is essential to emphasize that CloQ does not require any type of advance deposit or guarantee for its credit analysis or loan disbursement.