These Loan Terms determine the conditions on which RTF Finance Oy (the Creditor) will grant an SMS Loan (Loan) to a person applying for a loan (the Loan Applicant). A Loan can be granted to anyone who is 19 or more years of age, who has no registered failure of creditworthiness and has a mobile phone registered under his/her own name. The credit information of the Loan Applicant is checked with major credit information agencies and other third parties to verify both the identity and credit worthiness of the applicant. After validation the loan decision will be sent to the Loan Applicant by a text message. The SMS Loan can be rejected solely on the basis of Creditor’s own consideration. The Creditor is not obligated to give reasons for the rejection of the loan application.
Applying for an SMS-loan
The Loan Applicant can apply for an SMS Loan by a text message or another way given by the Creditor.
The amounts of the SMS Loans provided by Creditor are 50, 100, 150, 200, 250 and 300 dollars and the loan period is 7-28 days according to the choice of the customer. The loan period is calculated to begin on the date on which the payment was transferred by the Creditor to the bank account of the Loan Applicant. The loan period will end on the date of maturity 7-28 days from the beginning date of the loan period. The Loan including all the interest and costs determined by the current law and these loan terms are to be paid back not later than the due date. The Loan Applicant has the right to pay back the Loan in advance of the agreed upon due date.
Costs and Payback Terms of the SMS Loan
The Loan Applicant is obligated to pay to the Creditor the handling and delivery costs of the SMS Loan. The Creditor will send an invoice, including the amount of the Loan and the additional handling and delivery costs, to the home address which is given by the Loan Applicant in an amount based on the interest rate permitted by the Creditor.. In addition to these costs, the Loan Applicant is responsible for the costs related to the loan application process by text message which are charged on a per sent message and which will be included into the wireless carrier invoice of the Loan Applicant.
Delay in Payback of the Quick Loan
If the Easylaina is not paid back in total by the due date, interest on amounts not paid when due will be charged according to then applicable law. In the event the Loan is not paid despite the notices to pay the loan, interest and fees will cease and the entire loan balance with fees and interest will be placed for collection with a collection agency. A loan unpaid in total and which has matured will be collected by all legal means. All the collection costs related to the collection actions will be charged to the Loan Applicant.
Right to Cancel the Loan
The Loan Applicant has the right to cancel in writing the loan agreement he/she has made within fourteen (14) days from the agreement date or from the date on which the Loan Applicant received all the advance information in accordance with law which ever is later. The Cancellation Notice must include at least the following information:
• Name and Social Security number of the Loan Applicant
• Cancellation Request
• Date and place
• Personal signature of the Loan Applicant
Cancellation Requests are to be sent to the following address of the Creditor:
RTF Finance Oy
Loan Cancellation
PL 1397
00101 HELSINKI
The rest of the Terms and conditions are written in Finnish on our website www.easylaina.fi