Terms Of Payment
Thank you for choosing 499 Rapid Cash for your lending needs! We’re here to provide you with fast and convenient financial solutions. Please review the following terms of payment for loans obtained from our website, www.499rapidcash.com:
- Loan Period: The loan period for all loans obtained through our website is 3 months (90 days).
- Interest Rate: The interest rate for all loans is 19.99% per month. This means that for every month the loan is outstanding, you will be charged 19.99% of the loan amount as interest.
- Service Fees: A service fee of $19 will be charged for each loan obtained through our website. This fee is due at the time of loan disbursement and is non-refundable.
- Repayment Schedule: You are required to make equal monthly payments for the loan amount borrowed, including the interest and service fees, over the course of the 3-month loan period. The repayment schedule will be provided to you at the time of loan approval and will outline the due dates and amounts for each installment.
- Early Repayment: You have the option to repay the loan in full before the end of the 3-month loan period without any prepayment penalty. However, the interest and service fees for the entire loan period will still apply.
- Late Payments: Late payments may result in additional fees and charges, including late fees and additional interest on the outstanding loan balance.
- Loan Renewal: Loan renewal is not automatic and is subject to approval. If you wish to renew your loan after the 3-month loan period, you must submit a new loan application and meet our eligibility criteria.
- Loan Eligibility: Loan eligibility is subject to our review and approval, and we may require additional documentation or information to assess your application.
- Loan Default: Failure to repay the loan as per the agreed-upon terms may result in default. In the event of default, we reserve the right to take legal action.