Loans and credit 1.95

All loans under Loans and credit are subject to the following terms:

• Minimum repayment period = 90 days
• Maximum repayment period = 365 days
• Maximum APR = 15%

Representative example:

• Loan amount - USD 100
• Term of loan - 3 months
• Interest per year - 12%
• Service fee - None.

Repayment:

• Interest is calculated as: 12% x USD 100 x 3/12 months = USD 3
• Monthly payments: USD 34.33 (USD 33.33 principal + USD 1 interest)
• Total amount to repay: USD 34.33 x 3 months = USD 103 (USD 100 principal + USD 3 interest)

Total cost of the loan, including all applicable fees: Service Fee 0 + Interest USD 3 = Total Cost of Loan USD 3

Important notice:

Loans and credit does not lend money on a commercial basis. The platform provides a secure environment for borrowers and lenders to connect and engage in transactions, promoting financial security and ethical lending practices.

• We offer interest-free grants with no fixed repayment period to encourage responsible borrowing.
• Borrowers are encouraged to repay the interest-free grants to establish a positive repayment track record for evaluation by registered lenders.

The platform facilitates lender-borrower reviews, offers a mechanism for filing complaints, and allows access to licensed lenders across different jurisdictions.

Lenders near you:

• Accessible registry of licensed lenders near borrowers enables a diverse selection for financing needs, including cross-border lender options.

Loan applications:

• Loans and credit provides a variety of loan applications from global sources, categorized by country, fostering lender-borrower communication and loan opportunities.

Register of defaulters:

• Exclusive register of defaulters assists in mitigating losses for lenders and enhances transparency in lending processes for borrowers.

References:

• Borrowers can list references to enhance creditworthiness, aiding lenders in assessing borrowing risks effectively.

Legal documents:

• Lending contracts, claim forms, and other legal documents are provided for the convenience of lenders and borrowers.

Lender reviews:

• A review section allows users to share lender feedback, facilitating an informed lending decision-making process.

Bounties and rewards:

• The platform offers an international network of bounty hunters to assist in locating missing debtors and supporting debt recovery efforts.

Debt collectors and lawyers:

• The platform connects users with professional debt collectors and lawyers specialized in loan disputes, providing effective solutions for debt recovery and legal support.