PAYMENT SCHEDULE

Term of Loan (Days)	Annual interest rate	Interest (Loan term Interest & Interest Delayed)	Service Fee	Penalty Fee	Late Payment Fee
180	24%	2% per month	3% (Deducted one time)	1% per day	3% per month (Deducted one time)

SAMPLE DISCLOSURE STATEMENT

The principal amount of loan	5,000-60,000
Rate of interest(Loan term Interest & Interest Delayed) of the loan	2% per month
Service or processing fee	3%
Amortization schedule	Please Refer on the table below
Any penalty charge for late amortization payment	Please Refer on the table below
Collection fee	0
Notarial fee	0
All other fees in connection with the loan transaction	hidden fees:0
Description of the collection and lien enforcement Procedures	Description of the collection procedure : Phone calls, sending SMS , demand letters Lien: Not Applicable (Unsecured Loan)
Method of calculating the total amount of obligation in case of default	Principal Amt + interest(Loan term Interest & Interest Delayed) of loan(1% per day) + One time late charges (3%) + Penalty Per day (1% per day)

SAMPLE AMORTIZATION TABLE

Principal Amount of Loan	15,000
Term of Loan (Days)	180 day
Interest(Loan term Interest & Interest Delayed) annual interest rate:24% (180 days loan=12%)	1,800
Total Amount of Loan to be Paid On Time	16,800
Less
Service Charge (3% of the principal)	450
Amount to be Received	14,550

SAMPLE Computation If 3 Days Late

Total Amount of Loan to be Paid On Time	16,800
Add number of days delayed (3 days delayed)
interest of days delayed (3 X 1% of the principal)	450
Penalty per day of delay (3 X 1% of the principal)	450
One time late Charges (3% of the principal)	450
Amount payable (3 days late) 16,800 + 450 + 450 + 450	18,150