Hello,
I can provide the loan you seek. To be eligible for a loan you must be:
1. 18 years and above.
2. Employed or self-employed.
3. Willing to sign a contract.
These are the major conditions.
Interest rate:
1. The interest rated is fixed and doesn't fluctuate during the period of the loan. This allows the borrower to accurately predict their future payments.
2. I offer loans at the rate of 3 to 5% per annum.
Repayment:
1. Repayment period for a loan is a maximum of 25 years.
2. The repayment schedule can be monthly or quarterly.
Penalty for early closure:
1. A direct prepayment penalty must be paid if the borrower pays off a loan before the loan’s term. For example, if you want to pay a loan off early, which was designed to last for 20 years, you may have to pay a penalty. The longer you've had your loan and the less you owe, the smaller your penalty will be.
Security/Insurance:
1. This is applicable to borrowers outside the U.S.. My company do not accept collateral from foreign borrowers. Therefore, an insurance premium is required to protect the borrower and to settle the debt if he is unable to repay the loan due to unforeseen circumstance including sickness, injury, death or bankruptcy.
Kindly let me know if you are satisfied with the above loan conditions so that I can send you more information. I expect your response.
Regards,
Busa Stefan