please pay on time to avoid penalty.
Pare, may tanong ako. Nakabatay kasi tayo doon sa loan repay amount at date na binigay mismo ng borrower na sinang-ayonan ng lender. Pero paano kapag lumagpas doon sa repay date? Nasabi mo na may penalty, paano ngayon i-compute yung penalty?
Pwedeng pag-usapan ng both parties pero paano kung hindi makapag-agree? Iniisip ko kasi na mas okay kung may klarong parameters in case nagdelay ng loan payment ang borrower. Maaaring 10% kahit na-delay lang ng 2 weeks.
That's 1% per day after the repayment period expires, sometimes I forget to put it every time I approve a loan, but thanks for bringing this matter, next time I'll add that information every time.
Mas okay kung naka-spell out explicitly sa OP ang mga ganitong conditions.
You'll be the one to set the terms if you approve a loan, it does not have to be the same with the other lenders, you are free to have yours, you can offer a small or big interest, that depends on you.
Thanks. Nag-iisip kasi ako na magpahiram o humiram in the coming days.
You are very welcome, feel free to borrow or lend money, whichever you prefer.
One can be a lender and a borrower at the same time.
