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If you are unable to repay your loan on time for any reason, please contact your lender as soon as possible. Late payment fees are set by your lender in accordance with the regulations in your state, and lenders also determine their own policies in regard to how they handle late payments.
There are several courses of action that your lender may take, so you should check your loan agreement for specific information that pertains to your lender. Implications of Nonpayment. Financial Implications вЂ The cost associated with short term loans of up to 500 can range from 15 to 40, a1 cash advance grand rapids mi these costs may climb even higher for loans that are greater than 500 in value. Before you sign your agreement, you should check these fees carefully.
Similarly, there may also be charges applied for nonsufficient funds.
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Metrobank loans are available to anyone within the ages 21 to 70 years old. Applicants must either be a legalized or naturally born Filipino citizen with documents to show their residence, as well as home and office contact details.
They should also have a regular income source, either from a regular job or a business. Metrobank may impose additional qualifying criteria based on their internal standards. And to ensure youвЂll get approved faster, itвЂs important to prepare as advance ameerica payday Proof of Income documents and submit these as necessary. DOCUMENTARY REQUIREMENTS. Business and Personal Identification. Business Loan application form, duly completed and signed Photocopy of 1 valid, government-issued ID Proof of Billing Business Permit or Business A1 cash advance grand rapids mi Certificate.
Three years worth of Income Tax Return (Photocopies) Six months worth of Bank Statements (Photocopies) Three years worth of Audited Financial Statement (Photocopies) Updated Tax Declaration Certificate of Placement Copies of Condominium Certificate of Title and Transfer Certificate Bill of Materials, Vicinity Map, Location Plan (for construction) Metrobank will inform applicants whether their application is approved or not within 15 banking days upon submission of all required documents.
For more information contact the Metrobank Branch nearest you or call (02) 898-8000.