WeWrite

Chat

SIGNUP

E-Mail

51500766

Write a Legal Document with Administration

Micro loans

Private loans

Company loans

Micro $100

Private $200

Company $300

Prenuptial agreement $150

Testament $120

Deed of gift $130

Inheritance advance $180

Power of attorney $90

Cancellation of separate property $110

Upload $50

Scan $75

Get $85

Loan alternatives

Documents

Functions

A micro loan is a private loan where Jack lends 1000 DKK to Elsa. Elsa has to pay it back within 30 days. Jack creates the loan in WeWrite with the date, amount, and Elsa's mobile number. Two days before the payment date, Elsa gets an SMS reminder, and so does Jack. On the day itself, Elsa gets another reminder, and Jack receives a question: Has the loan been paid, YES or NO? These options are links that Jack simply has to tap. This way, Jack can manage the loan and never forget it. The same goes for Elsa. It’s that simple.

A typical loan with installments every month could work like this: Imagine you borrow 10,000 DKK. You agree to pay back the loan in monthly installments of 2,500 DKK. Additionally, there's an interest rate of 2% per month. This means that every month, you'll not only pay a portion of the loan amount but also an additional amount calculated as 2% of the remaining loan balance. So, the first month, you pay 2,500 DKK plus 2% interest on 10,000 DKK, which is 200 DKK. Therefore, your first installment is 2,700 DKK. The next month, you pay 2,500 DKK plus 2% interest on the remaining 7,500 DKK, which is 150 DKK, making your second installment 2,650 DKK, and so on, until the loan is fully repaid.

A company loan, is a private loan where Jack borrows 1000,- to Elsa. Elsa has to pay it back in 30 days.
Jack creates the loan in WeWrite with date, amounts and Elsa’s mobile. 2 days before payment, Elsa
gets a SMS reminder and so does Jack. On the day Elsa gets another reminder and Jack gets a
Question: is the loan paid YES or NO. These options are links that Jack simply has to tap. YES
or NO. In this way Jack can administer the loan, and never forget. Same goes for Elsa. As simple as that.

Chat with us