Can you transfer a loan from one person to another

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Can you transfer a loan from one person to another

Important Disclosures. Please Read Carefully. This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, or in a location where WhiteRockLoans. com does not have an available lender, you will not be connected to a lender.

In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders.

Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction.

Can you transfer a loan from one person to another

Can I repay the borrowing at any time. Payments towards reducing the outstanding balance on the Facility can be made at any time. This is not a business loan and does not have a fixed monthly repayment amount. Payments can be made to the account without any penalty. As the Facility is revolving, the agreed credit limit will not be affected.

What happens if the business is unable to pay the weekly interest. Failure to repay the interest instalment on time will result in the Facility being suspended.

This action will also be taken if the monthly account maintenance fee falls into arrears.

Can you transfer a loan from one person to another