Your loan from Prime Finance Groups is a better alternative to a Payday loan Americans with bad credit spend as much as $7.4 billion on payday loans every year. With an average loan size around $1,000,000.00, that’s a lot of loans . Since payday loans are fixed loans, we have loan term pay period - usually three (3) months to thirty (30) years - to pay off your loan, and if you can’t pay it off in time, you are charged a fee to roll it over. So far more than 80,000 people have used Prime Finance Groups to get the cash they needed. Today's payday loans are a bad deal for most people with bad credit for two reasons:
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The minimum duration we offer per transaction is 3 months while the maximum is 30 years, the minimum loan we offer is $10,000 while the maximum is $20,000,000.
No third party of any kind will be associated with this transaction and all information shared by both the lender and borrower will be strictly kept confidential for security reasons and used only for the the sole purpose of this loan.
There will be minimum documentations required in other to get this transaction to the funding point and the borrower is advised to comply when asked to sign a document. There is a loan procurement origination fee amount of 2% required to be paid for the loan amount demanded from each client for security of our lending firm loan funds to enable us obtain the approval from the management board of our lending organization to disburse loan funds into your bank account. this fee is paid upfront before the loan gets disbursed to borrowers account.
The loan repayment will be calculated with an amortization monthly payment schedule or balloon at end of loan duration or a standard repayment calculation. Other repayment methods can be negotiated and agreed upon.
The Loan attracts an interest rate of (6%) per Annum, and the loan repayment starts 2 months after loan has been transferred to Borrower.
A loan application form document will be sent over for you to fill prior to getting your loan transaction started.