A loan agreement is your official contract with Legacy Loans, detailing the terms of the financial assistance we’re providing. It is crafted to safeguard both your interests and ours, ensuring clarity on everything from repayment plans to legal aspects.
This agreement serves as the cornerstone of your financial relationship with us, helping to facilitate smooth repayments, compliance, and effective risk management throughout the loan.
We will clarify the precise amount you’re borrowing and when you can access the funds. No unexpected surprises—just right assistance.
Businesses grow at different rates, so we offer tailored repayment options, be it EMIs or a lump sum, that align with your cash flow.
Clearly outlined interest rates, applicable fees, along with details of processing fees or charges for late payments, for clear understanding.
If your loan necessitates collateral, we will specify what is required, how it is valued, and the associated terms.
We detail the implications of missed payments. Our aim is to collaborate with you, to help you steer clear of penalties.
Incorporation of flexibility into the agreement, so if you're ready to pay off your loan early, we will assist in navigating that process.
The agreement encompasses more than the loan amount and terms; it's about honoring each other’s roles in this partnership.