I wondered what happens when you apply for such a loan, so I decided to find out. In the course of reporting a story earlier this year, I logged on to a private mortgage loan agreement india called eTaxLoan. com and filled out an application. I asked for 500 and, to be safe, I made up an address, a name (Mary) and a Social Security number. The site asked for more sensitive stuff - a bank account number and a routing number - and I made that up, too.
In spite of the made-up information, in less than a minute, I got a response. "Congratulations. Tremont Lending has been selected as your lender and you have been pre-approved for a loan up to 750. " If I wanted to borrow 750 for a week, I would have had to pay 225 in interest. The site said that was an annual percentage rate of more than 1,300 percent.
You may withdraw your consent to receive electronic documents and notices at anytime, and only with the provision of an alternative means of communication. Should Swift Loans Australia Pty Ltd provide information that can only be viewed in the customers VIP Member login page, the company will contact you via email with information to this effect. Swift Loans Australia Pty Ltd private mortgage loan agreement india make all notices, statements of account, copies of the contract, Terms and Conditions, statutory notices (including the Credit Guide and Information statement) available for a reasonable period of time in the www.
swiftloans. com. au VIP Members Area for access by you, using your nominated login and password. By clicking I agree you will be creating a binding legal obligation where indicated.
The Annual Percentage Rate (APR) on a 14 day loan is 546. Implications of Non Payment. If a pre-authorized withdrawal is returned to CapitalCash for any reason, including but not limited to "NSF" or "account frozen," it will be considered as a non-payment. In these cases you will be charged an NSF fee of 49. 50 from Capital Cash. You may also incur an overdraft charge from your bank.