PAYMENT SCHEDULE

Term of Loan (Days)	Annual interest rate	Interest (Loan term Interest & Interest Delayed)	Service Fee	Penalty Fee	Late Payment Fee
121	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	1,000-70,000
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	20,000
Term of Loan (Days)	121 day
Interest(Loan term Interest & Interest Delayed) annual interest rate:24% (121 days loan=8%)	1,600
Total Amount of Loan to be Paid On Time	21,600
Less
Service Charge (3% of the principal)	600
Amount to be Received	19,400

SAMPLE Computation If 4 Days Late

Total Amount of Loan to be Paid On Time	21,600
Add number of days delayed (4 days delayed)
interest of days delayed (4 X 1% of the principal)	800
Penalty per day of delay (4 X 1% of the principal)	800
One time late Charges (3% of the principal)	600
Amount payable (4 days late) 21,600 + 800 + 800 + 600	23,800