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Information on the renewal policy and Fast loan repayment

Writer: Altura Credit Union
Altura Credit Union
Feb 13, 2019
1 min read

Updated: Feb 15, 2019



On the expiration date of the Loan, the Borrower may choose between making the full payment or extending the term. The extension periods are 7, 14 or 30 calendar days. The costs of the extensions of the Loan will be informed in the simulator of the Web Page and will be communicated to the Borrower by means of the sending of the Particular Conditions, emails and SMS. Once the extension period ends, the borrower must pay the total amount derived from the requested loan in the lender's bank account.


The repayment of the quick credits as well as all the payments derived from the Loan Agreement will be made by bank transfer to the indicated account of the lender, cashier or cash payment to one of the indicated accounts of the lender. In those cases in which the borrower does not pay back the loan within the stipulated period, the loan will be managed by the Lender's Collections Department. The lender will communicate with the borrower, through telephone, email, SMS and postal mail or through any other that he deems convenient, in order to properly manage the collection.
 
 
 

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