Fees, Interest & Charges Policy
Configured pricing
| Product | Monthly rate | Service charge |
|---|---|---|
| Salary Loan | 47% | 2% |
| Business Loan | 48% | 2% |
| Emergency Loan | 50% | 2% |
Calculator pricing
Weekly illustrations: 20%, 30%, 40% and 50% for 1, 2, 3 and 4 weeks respectively. Standard monthly illustration: 50% per month. Service charge: 2% of principal.
Disclosure
All material interest and charges must be disclosed to the customer before acceptance. No hidden fees should be added after acceptance unless permitted by the agreement and applicable law.
Default charges
No default charge may be applied merely to increase interest unlawfully or create compound interest. Any permitted charge must be clearly disclosed, contractually supported and lawful.
Compliance note: The pricing figures above are the requested Tectri Finance system configuration. They are not a legal opinion that the rates are permissible. Management must obtain legal/regulatory confirmation before public lending or advertising.