LOAN TERMS

Welcome to Advance Finance! Below are the key terms and conditions for loans and investments provided through our services: 1. Loan Interest Rate: Rate: 1.5% Annual Percentage Rate (APR) Our competitive interest rate is designed to ensure affordable financing with manageable repayments. 2. Loan Amount: We offer flexible loan amounts based on your individual or business needs. Please contact us for more details on available loan amounts and qualifications. 3. Grace Period: Grace Period: 12 months from the loan disbursement date. During this grace period, you will not be required to make principal repayments. Interest may still accrue, but principal payments will be deferred. The grace period allows you to manage your finances and plan your repayment strategy effectively. 4. Loan Term: The loan term typically ranges from 1 to 5 years, depending on the loan amount and your individual repayment capability. You can choose a loan term that best suits your financial situation. 5. Repayment Schedule: After the grace period, regular monthly payments will begin. Payments include both principal and interest unless otherwise stated in the loan agreement. We offer flexible repayment options to fit your budget and repayment preferences. 6. Early Repayment: You can repay your loan early without penalty. Doing so will reduce the amount of interest accrued over the life of the loan. 7. Late Payment Fees: Payments are due on the specified due dates. If a payment is missed, a late fee will apply, and interest may continue to accrue on the outstanding balance. It’s crucial to make timely payments to avoid additional fees and negative impacts on your credit standing. 8. Loan Approval Process: Our approval process is quick and simple. We will assess your financial situation, including creditworthiness, income, and any other relevant criteria to determine loan eligibility. Approval times vary but generally take within 3-5 business days. 9. Loan Renewal: Loan renewals may be available at the end of your term, subject to credit approval and new terms at the time of renewal.