Overview

These terms and conditions govern the provision of various financial products and services by Prime Capital, including commercial mortgages, commercial finance, asset finance, business loans, bridging loans, vehicle finance, residential mortgages, invoice factoring etc. We offer several kinds of loans and different terms, These are the general terms. Below are the general terms for our loans. These are not the final terms until a loan request is made.

Terms and Condition

• The minimum loan amount is $50,000 and a Maximum of $50,000,000 repayment capacity.
  -we would be providing 65-100% of the loan amount depending on the kind of property and the company/person(s) applying for the loan
• The interest rate would be 5-12% per annum
• We offer short term and long term loans of up to 30 years
  - No prepayment penalty
  - Grace period can be 3, 6, 12 months depending on the kind of loan needed
• Fees associated with the loan.
  Down payment: based on the agreement on section 1 of this article.
  Loan origination fee: which is 1-5% of the loan amount, this payment is made immediately after signing the loan approval-agreement letter that would legally bind the entire Loan process.
  Closing cost: This is a cost paid at closing after the loan amount has been sent to your desired bank account and it contains the Insurance, Documentation and Record Filing, Loan security-non collateral deposit, and other closing costs. closing costs: 1-4% of the loan amount.
• In agreement with these terms, you would be provided the loan approval Letter within 48 hours of getting approved and agreeing to the stated terms which would be signed by I (Lender) and yourself (The Borrower).
  - The funding process can take within 3-14 working days.
  
• Documentation Needed:
  Loan Application
  - Means of Identification ( Drivers license or International Passport)
  - 3 months bank statement
  - Proof of address.
  For Company/Business/LLC named as the “Borrower(s)”
  - License if your company.
  - Any document to verify the EIN
  - 3 months bank account statement.
  
• Payment Structure:
  - Interest only
  - Amortized - Interest Reserve - No monthly payment is required.



If you have gone through the Loan term ,and you agree on it , Please proceed to Apply