Table of Contents
Annual Percentage Rate (APR)
Annual Percentage Rate (APR) represents the annualized interest rate that you are charged for borrowing. It is the combination of
the nominal interest rate and some additional costs such as fees involved in obtaining a loan. Generally our lenders offer
APRs for cash advance loans vary from 200% to 1386%, APRs for personal loans from 4.99% to 450%, and APRs
for installment loans from 6.63% to 225%. Since maximusmoney.com is not involved in the lending process, we can not deliver any
specifics about the APR you will be offered. The APR depends solely on your lender’s decision, based on various factors
including your credit score, credit history, income, and some other information you supply in your request. For more information regarding
the APR contact your lender.
Representative Example of APR
If you borrow $2,500 over a term of 1 year with an APR of 10% and a fee of 3%,
you will pay $219,79 each month. The total amount payable will be of $2,637, with total interest of $137,48.
Financial Implications (Interest & Finance Charges)
maximusmoney.com is not a lender and we cannot predict what fees and interest rate will be applied to the loan
you will be offered. It is your lender that will provide all the necessary information about the cost of the
loan before you get approved. It is your responsibility to peruse the loan agreement carefully and accept the offer only
if you agree to all the terms. maximusmoney.com service is free of charge, and you are under no obligation to
accept the terms that the lender offers you.
Implications of Non-Payment
When you accept the terms and conditions for a loan, you enter into commitment to repay the amount you owe
according to the specific schedule outlined in the documents. In the event of non-payment, additional charges may be applied. Late
payment penalties vary by lender, and as maximusmoney.com is not involved in the lending process, we cannot supply any information
on the fees you will incur if any default occurs. For more information, please contact the lender directly if you
have any issues relating to your loan repayment.
Potential Impact to Credit Score
maximusmoney.com is not a lender and we do not check your credit standing and credit capacity. When you submit a
request at our online platform, this is considered a soft inquiry and does not impact your credit score. However, some
lenders may carry out a credit check to ascertain your eligibility for a loan. Most likely they will turn to
any of the three major credit bureaus (Transunion, Experian and Equifax) that is in most cases considered a hard inquiry
and may affect your credit score.
maximusmoney.com is not a lender. As such, we are not involved in any debt collection practices and cannot make you
aware of any of them. Your lender will specify their collection practices in your loan agreement. If you have any
questions regarding the issue, please, address them to your lender. For more information visit our page for Responsible Lending.
Loan Renewal Policies
Loan renewal options are not always available. It is therefore advisable to clarify whether the option is available with your lender. Be sure to carefully peruse the renewal policy presented in the agreement before you sign the documents.