The document is a loan agreement for a $7,000 income share loan for a training course. It details the graduation date of October 15th, 2023, the 4.90% fixed interest rate, and maximum total payments of $10,500 over 36 monthly payments. The borrower's minimum income threshold that must be met is $55,000 annually.
The document is a loan agreement for a $7,000 income share loan for a training course. It details the graduation date of October 15th, 2023, the 4.90% fixed interest rate, and maximum total payments of $10,500 over 36 monthly payments. The borrower's minimum income threshold that must be met is $55,000 annually.
The document is a loan agreement for a $7,000 income share loan for a training course. It details the graduation date of October 15th, 2023, the 4.90% fixed interest rate, and maximum total payments of $10,500 over 36 monthly payments. The borrower's minimum income threshold that must be met is $55,000 annually.
DocuSign Envelope ID: 815F8179-0753-40A4-940F-F80373AB3934 THIS IS A COPY The
Authoritative Copy of this record is held at www.docusign.net BOOTCAMP is Formation
This text is dummy TRAINING COURSE is Interview Only This text is dummy GRADUATION DATE is 10/15/2023 This text is dummy BORROWER: LENDER: Caterina Clayton FinWise Bank DATE: 08/11/2023 756 East Winchester, ADDRESS: Suite 100 1501 Shadow Wood Dr Murray, UT 84W107 Saint Charles, MO 633035025 GRADUATION DATE TRAINING COURSE BOOTCAMPE Income TOTAL The are borrowing. total $7,000.00 LOAN Share amount AMOUNT Loan you (“ISL”) & The of Qualified INCOME Estimated your fixed P future 4.90% SHARE percentagYe Monthly Total RATE Costs The of ISL FINANCE financing could maximum Up to cost V CHARGE $3,500.00 cost you amount I this The cumulative Monthly TOTAL maximum $10,500.00 Payments OF amount PAYMENTS this of all Key Minimum Income Threshold $55,000.00 $4,583.33 month ISL C yr Terms / / Grace O 1 month Period Monthly Payment. Maximum Monthly Payments Your 36 payments Payment Term OR Multiple Payment $10,500.00 Ends Upon Cap the OR Implied Cap Earliest Implied 21.00% this APR of: APR disclosure. OR Maximum Payment Period 72 months You are required The time after you You will make Payments end Payments end if Payments end to make complete your Monthly if the the cumulative this many Monthly Training Course Payments indexed cumulative total of all months after the Gross Income used to beyond the Total Loan ISL could cost you calculate your Amount. according to the terms of