Forum > Borrower Questions > Partially funded loans. Forum Guidelines

  • Volunteer Mentor
    John Thiaro
    Nakuru, Kenya

    Mar 2, 2018

    Hi,

    I would like to know, suppose you accept a loan which has been partially funded to about 15-20%.

    And your original loan was $1,000 or more, will you still be charged 5% of the original amount or 5% of the funded amount.

    The reason for this is that, if it is 5% of the original amount, then it would beat logic because this might as well be equal to all that has been partially funded!!!

    John.


    Christian Golo likes this.

  • Volunteer Mentor
    Fitri Fauziyah
    Kota Surabaya, Indonesia

    Mar 3, 2018

    The service fee will charged from the partial funded fund, if the borrower choose the partial funded loan.

    Here take a look at linda's.
    goyimei.info/loan/to-pur...
    At first she applied for $1250, and until the last limit her loan only funded 4%, then she finally choose partial funded loan.
    You can see on her about page that her loan amount is $50.02 and the service fee is 5% from $50.02. I know this because I asked her few weeks ago.

    Translated by Google     Show original

    The service fee will charged from the partial funded fund, if the borrower choose the partial funded loan.

    Here take a look at linda's.
    goyimei.info/loan/to-pur...
    At first she applied for $1250, and until the last limit her loan only funded 4%, then she finally choose partial funded loan.
    You can see on her about page that her loan amount is $50.02 and the service fee is 5% from $50.02. I know this because I asked her few weeks ago.

    • Volunteer Mentor
      Christian Golo
      Accra, Ghana

      Mar 3, 2018

      Fitri, you are perfectly right. The 5% is charged only on the partial funded amount.


      Fitri Fauziyah likes this.

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