Terms and Conditions

1. Introduction

Welcome to Prime Capital. These Terms and Conditions ("Terms") govern your access to and use of Prime Capital's website, services, and financial products (collectively, the "Services"). Please read these Terms carefully before accessing or using our Services.

By accessing our website, submitting a loan application, or using any of our financial services, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, you may not access or use our Services.

2. Definitions

In these Terms, the following definitions apply:

3. Eligibility Criteria

To be eligible for our Services, you must meet the following criteria:

3.1 Age Requirement

You must be at least 18 years of age to apply for any loan or financial service. By using our Services, you represent and warrant that you are of legal age to form a binding contract.

3.2 Residency

Our Services are currently available to residents of the United States who meet our credit and underwriting criteria. We reserve the right to limit or deny Services to residents of certain states based on regulatory requirements.

3.3 Creditworthiness

Loan approval is subject to credit checks and verification of financial information. We reserve the right to deny any application based on our internal risk assessment.

3.4 Documentation

You must provide accurate and complete documentation as requested during the application process, including but not limited to:

• Government-issued identification
• Proof of income (pay stubs, tax returns, bank statements)
• Proof of residence
• Employment verification

4. Loan Terms and Conditions

4.1 Loan Approval

All loan applications are subject to approval based on our underwriting criteria. Approval is not guaranteed and is at the sole discretion of Prime Capital.

4.2 Loan Amounts

Loan amounts are determined based on multiple factors including creditworthiness, income, debt-to-income ratio, and the purpose of the loan. We reserve the right to offer loan amounts different from those requested.

4.3 Loan Purpose

Loans must be used for the purpose declared in the application. Misuse of loan funds may result in immediate demand for full repayment and termination of Services.

5. Application Process

5.1 Accuracy of Information

You agree to provide accurate, current, and complete information during the application process. We reserve the right to verify all information provided and may deny or cancel any application based on inaccurate or incomplete information.

5.2 Credit Checks

By submitting an application, you authorize Prime Capital and its partners to perform credit checks and obtain consumer reports from credit reporting agencies. This may affect your credit score.

5.3 Application Fees

Prime Capital does not charge application fees for personal, home, or business loan applications. However, certain specialized loan products may have associated processing fees, which will be disclosed before you commit.

6. Repayment Terms

6.1 Payment Schedule

Repayment schedules are established in the Loan Agreement. Payments are due on the date specified each month. It is your responsibility to ensure timely payments.

6.2 Late Payments

Late payments may be subject to late fees as specified in your Loan Agreement. Late payments may also be reported to credit bureaus, which could negatively impact your credit score.

6.3 Prepayment

Most loans allow for prepayment without penalty. However, certain loan products may have prepayment penalties. This will be clearly disclosed in your Loan Agreement.

6.4 Default

Failure to make payments for 90 days or more may result in default. In case of default, we reserve the right to:

• Charge off the loan
• Send the account to collections
• Take legal action to recover the debt
• Report the default to credit bureaus

7. Interest Rates and Fees

7.1 Interest Rates

Interest rates are determined based on creditworthiness, loan type, loan amount, and term length. Rates are subject to change based on market conditions but will be fixed for the term of your loan once approved.

7.2 Fees

The following fees may apply to your loan:

• Origination Fee: 1-3% of loan amount (if applicable)
• Late Payment Fee: $25 or 5% of payment (whichever is less)
• Returned Payment Fee: $35 per returned payment
• Document Preparation Fee: $50-100 (for certain loan types)

All fees will be clearly disclosed in your Loan Agreement before you accept the loan.

8. Privacy and Data Protection

8.1 Data Collection

We collect personal and financial information as necessary to provide our Services. Our collection and use of your information is governed by our Privacy Policy, which is incorporated into these Terms.

8.2 Data Sharing

We may share your information with:

• Credit bureaus and reporting agencies
• Service providers and partners who assist in providing our Services
• Regulatory authorities as required by law
• Third parties in connection with a business transfer

8.3 Security

We implement industry-standard security measures to protect your information. However, no method of transmission over the Internet is 100% secure, and we cannot guarantee absolute security.

9. Limitations of Liability

9.1 Service Availability

We strive to provide uninterrupted access to our Services, but we do not guarantee that our Services will be available at all times. We may suspend or terminate Services for maintenance, security, or other reasons.

9.2 Financial Advice

The information provided on our website and through our Services is for informational purposes only and should not be considered financial advice. You should consult with a qualified financial advisor before making financial decisions.

9.3 Limitation of Damages

To the maximum extent permitted by law, Prime Capital shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of our Services.

10. Changes to Terms

10.1 Modification Rights

We reserve the right to modify these Terms at any time. We will provide notice of material changes by posting the updated Terms on our website and updating the "Last Updated" date.

10.2 Acceptance of Changes

Your continued use of our Services after any changes to these Terms constitutes acceptance of the modified Terms. If you do not agree to the changes, you must stop using our Services.

10.3 Historical Versions

Previous versions of these Terms are available upon request. It is your responsibility to review these Terms periodically for changes.

11. Contact Information

If you have any questions about these Terms, please contact us: