GRANITE LOAN CENTERS, LLC

 

NOTICE OF FEES CHARGED FOR SERVICES

 

The following is a representative example of the Finance Charges for a $500 installment loan. This example is based upon the assumption that the loan will be repaid as scheduled.

 

 

 

 

 

 

 

 

 

* The Annual Percentage Rate (“APR”) is the cost of your loan expressed as a yearly rate. The above APR is based upon an example loan with a payment schedule of 33 equal payments of $77.15 due every 14 days, beginning 14 days from your loan date, and a final payment of $74.48. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.

 

NOTICE OF RIGHT TO CONTACT THE UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS REGARDING CONCERNS OR COMPLAINTS

 

You may contact the Utah Dept. of Financial Institutions regarding concerns or complaints about the service provider with whom you are dealing by writing or calling:

 

 Utah Dept. of Financial Institutions

 PO Box 146800

 Salt Lake City, UT 84114-6800

 Phone: 801-538-8830

 Fax: 801-538-8894

 

 

 

 

Disclaimer: registered with the Utah Department of Financial Institutions per the Utah Consumer Code section 70 C and Title 7. Loan charges are based on a 68-week, $500 loan with 33 bi-weekly payments of $77.15 each, and a final payment of $74.48. The APR is 398%. The actual APR on a loan may be higher or lower, depending on the amount borrowed and payment schedule. These calculations are based on an example of a typical bi-weekly loan. In this scenario, the customer has a bi-weekly pay frequency with his first payment due after 14 days from the loan date. The amount of the finance charge is $2,120.43. Please note, the aforementioned finance charge is the total amount of interest that would be paid if the loan is kept out for the full term of 34 bi-weekly installments and all payments made are the minimum payment and made on their scheduled due dates. Loans may be repaid early without penalty. Loan approval and loan terms are based on the lender’s underwriting standards and a review of the applicants’ creditworthiness. Applicants must provide proof of employment or reliable income and valid state issued I.D. Customer must meet the normal loan qualifications. Certain limitations may apply. Loans are subject to approval.

 

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