One Finance loan executives provide you all information on rates and terms. This will typically happen shortly after your loan request is complete, and you are connected with a Loan executive. One Finance does make credit decisions or determine rates and terms. Remember, you are under no obligation to accept the loan offer if the terms are not satisfactory for whatever reason.
Repayment
Repayment on Short Term loans is generally performed either monthly or once every two weeks, depending either on your preferences or your terms. You may be able to have funds withdrawn automatically from your bank account on the date agreed upon with One Finance. Be sure that you read and fully understand all policies regarding repayment and understand what you will have to do as a borrower to repay the loan. Your loan cannot be conditioned upon repayment by electronic funds transfer or automatic withdrawal. Consult us for more details.
Loan Costs
On the whole, the eventual cost of a loan will vary a great deal based on factors related to the requester, the state the requester lives in, and the requester’s repayment. Other factors that matter are the amount of money that is borrowed, the period of time of the loan and the specific interest rates used. Your credit score may also be taken into consideration.
Standard Loan Terms
While specific terms of loans will vary depending on your state, your credit and your specific circumstances, below is a general range of common terms.
- Loan amount: $500 – $25,000
- Lending period: Varies by credit and your location
- Payment frequency: Once a month or twice a month, typically.
- APR: Will vary based on your credit score, repayment history and other factors.
- Prepayment penalty: Varies