Pay attention to this very carefully. This is what you need to know about the loan transfer and the loan application.
One of the reasons why we are among the leading lending companies in the world is because of our fast lending service. Once you appy (fill the loan application form), your application details will be verified. The verification of your details is very important because once we notice that you are not sincere with your application, we will immediately terminate the loan process.
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After the verification, the terms and conditions will be sent to you which you have to carefully read and understand before you accept/agree. After you have agreed with the terms and conditions, you will provide a valid government issued ID card. After this, we will send you the loan legal contract prepared by the company's barrister. It is your signature to the loan contract and to everything in it that will determine if you will proceed to the next step - which is the loan insurance policy.
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What is the loan insurance policy?
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The loan insurance policy is the process that involves the loan going through insurance. This is a compulsory process that you must.
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Why is it important for the loan to go through the insurance policy process?
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It is important that the loan go through the insurance policy process because the government made it mandatory to eradicate fraudulent companies and make the transaction legal.
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Will the loan insurance cost money?
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The loan insurance must be paid for and it is the responsibility of the borrower to cover the cost of insurance.
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Why?
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This will make us convinced that you are ready to get the loan and you can take responsibility for the loan repayment (repaying back the loan). This will also make the loan legal and the government has no right to withhold any transaction that has gone through the loan insurance policy process.
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Can the insurance policy payment be made after the loan have been transferred?
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No.
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Why?
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It is illegal to do so and transactions like this will be withheld.
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How long after paying the insurance will the loan be transferred to me?
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Minimum 3 hours, maximum 6 hours.
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How can I start the loan repayment?
The loan repayment will start 6 months after you have received the loan. The account you will use for the repayment will be sent to you when the repayment is due.