Loan origination fees vary from 1.99% to 4.99%, though most loans will have a loan origination fee of 4.99%. *To qualify for a 7.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $12,000.00, and with a term equal to 24 months. For Example, a four-year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13.
The APR calculation includes all applicable fees, including the loan origination fee. The range of APRs on loans made available through FreedomPlus is 7.99% to a maximum of 29.99%. Repayment periods range from 24 to 60 months. The following limitations, in addition to others, shall apply: FreedomPlus does not arrange loans in: Arizona under $10,500 (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. One tip you might not think about as important to financial freedom is keeping good maintenance on your possessions.
Freedom finance free#
And financial freedom doesn’t mean that you’re free of the. The path to financial freedom isn’t a get-rich-quick strategy. You control your finances instead of being controlled by them. Loans are not available to residents of all states – please call a FreedomPlus representative for further details. Financial freedom means that you get to make life decisions without being overly stressed about the financial impact because you are prepared. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history.
Freedom finance plus#
Unsolicited loan applications are not accepted at this time.Īll loans available through Freedom Financial Asset Management, LLC d/b/a Consolidation Plus and d/b/a FreedomPlus are made by Cross River Bank, a New Jersey State Chartered Commercial Bank or MetaBank®, N.A., Members FDIC, Equal Housing Lenders. The number of tokens in your wallet after a rebase event becomes your new balance, which the next rebase event is calculated on.įor example, if you start with 1,000 $FDM tokens on day 1, you will have 500,000 $FDM tokens in your wallet after 365 days.*Please note, only a small percentage of consumers may be eligible for the Consolidation Plus program based on credit criteria, enrollment in an approved debt resolution program, and other program criteria. After a rebase event, the quantity of $FDM tokens in your wallet grows (previous $FDM balance + compound interest).
In the case of Freedom, APY is based on the number of $FDM tokens you have in your wallet, instead of the value of these $FDM tokens.Įvery 30 minutes, a “rebase event” occurs, which adds more $FDM tokens to the existing tokens in your wallet (compounding interest). If you leave the account open for five years, you would receive $2,400 in interest. For example, if you deposit $1,000 into a savings account earning 2% APY, then you would earn $20 per month or $240 per year. The higher the APY, the better.ĪPY is traditionally calculated using the amount of money deposited into your account and the length of time you have had access to the account. This means that you get paid interest every year on the amount in your account. APY stands for “Annual Percentage Yield”.
0 kommentar(er)
