A convenience fee is charged because there are certain costs associated to ensure high quality in our technology-driven approach and the convenience of having quick funding compared to other forms of financing.
There are 4 payment terms you can select from for your convenience fee: annual, bi-annual, quarterly and processing fee per drawdown.
You may check the pricing table below to compare rates:
| Payment Terms | Cost |
|
Annual (1 check) |
3.99% of Granted Revolving Credit Line |
|
Bi-Annual (2 checks) |
4.8% of Granted Revolving Credit Line |
|
Quarterly (4 checks) |
6% of Granted Revolving Credit Line |
|
Processing Fee (1.99%) |
1.99% of drawdown amount |
Should you opt for a subscription fee whether annual, bi-annual or quarterly, a Subscription Fee contract will be sent to you for your signature.