Terms & conditions

Jecapru Money Lending Company provides financial assistance to individuals under certain terms and conditions. It's important to carefully review and understand the following disclaimer:

1.Interest Rate and Loan Duration

All loans are subject to an 8.75% interest rate per week.

The maximum loan duration is four (4) weeks.

Upon reaching the end of the loan period, borrowers must either repay the loan in full or settle the

interest amount and may re-borrow, which is permissible only once.

2. Late Payment Policy

If the borrower fails to repay the loan before or on the due date without communication within 24 hours, a late fee will be incurred.

A late fee of 5% per day will be added to the due amount for each day beyond the due date, up to a maximum of fourteen (14) days

Failure to repay within the grace period will result in the forfeiture of collateral.

3.Collateral Forfeiture:

In the event of non-payment on the agreed date, the borrower agrees to forfeit the collateral without further claim.

By applying for a loan with Jecapru Money Lending Company, borrowers acknowledge that they have read, understood, and agreed to the terms and conditions outlined in this disclaimer. It is recommended to seek independent financial advice before making any borrowing decisions.

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