Upon registration on the LendYouFund website, if matched with a lender, you will receive a loan offer encompassing details such as the loan amount, fees, Annual Percentage Rate (APR), and repayment terms. It is vital to acquaint yourself with all aspects of the loan, including the repercussions of late payments. Accepting the loan terms is entirely optional; your commitment only begins after electronically "signing" for the loan. Repayment is streamlined through automatic deductions from your bank account on the predetermined due date. However, it is essential to be aware that failing to repay the loan, along with applicable fees and interest charges, may lead to adverse consequences. If you foresee difficulties in repayment, it is advisable to decline the loan offer. Any queries or concerns regarding repayment and its potential consequences should be directed to your lender. We collaborate with multiple lenders, each with their unique lending criteria. In cases of non-repayment, lenders may take actions such as involving collection agencies, reporting to credit bureaus, offering renewal options with additional fees, or pursuing legal measures. Late payments may result in additional charges or collection activities. For precise information, please review your lender's policies. Additionally, each lender maintains its renewal policy, which can vary from one lender to another. It is crucial to examine your lender's specific renewal terms and contact them for any loan-related inquiries or problems. LendYouFund offers its loan connection services to consumers without any associated charges, making online registration a cost-free process!
