LENDCONE

Interest Rate A flat interest rate of 6% will be applied to the total amount you choose to borrow. This rate will be calculated based on the full loan amount and is fixed for the duration of the loan term. Interest Payment and Disbursement The first interest payment is due before the loan is disbursed. The amount due must be paid in full before the loan is processed. Monthly Interest Renewal Interest payments are due monthly, with the first payment required 29 days after the loan disbursement. It is your responsibility to ensure timely payment for renewal, as Lendcone operates on a “no disturbance” policy and will not send reminders. Failure to pay on time will result in an automatic debit of the due amount. Automatic Debit for Non-Renewal If the interest is not renewed, the outstanding amount will be automatically debited from your account. It will be assumed that you no longer wish to renew the loan, and the loan will be considered closed. Responsibility for Renewal Lendcone encourages users to manage and track their loan renewals and interest payments independently. It is your responsibility to ensure timely renewals.