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step one. Financing payment chronilogical age of ranging from ninety days and you can 365 days dos. Mortgage wide variety which range from 250 to help you 50,100 step 3. Interest rate from 2% so you’re able to fifteen% & a maximum Annual percentage rate of 29% 4. Most useful ups with only few ticks 5. Due date extensions 6. Maximum raise which have early otherwise fast money. seven. Control commission 0
Affiliate example : That loan off 50,100 with an installment chronilogical age of 3 months get an interest away from 2,500 (eight.5% rate of interest). The amount repayable will be 52,500. You will not end up being billed a price over the service commission, to the Annual percentage rate. Brand new running fee are 0. The fresh new payment per month : 3 equal payments from 17,five hundred per month must clear the above count.
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