Financing Proposal Financing ProposalPrepared ForPrepared ByDate MM slash DD slash YYYY Product DetailsProduct detailsProduct DescriptionPrice Financing TermsDown paymentFinanced AmountAnnual Interest RateLoan TermMonthly PaymentTotal Interest Paid Over Loan TermTotal Amount Paid by Buyer Payment SchedulePayment ScheduleFirst Payment Due DateMonthly PaymentsFinal Payment Down Payment Additional TermsTerms- Payment Term: The monthly payment must be completed by the 4th business day of each month to avoid late fees. - Late Payment: A late fee will be applied if the payment is not received by the due date. - Grace Period: The client has a 10-day grace period to complete the payment before the late payment fee is applied. - Collection Actions: Continued missed payments will result in collection actions. - Fee for Late Payment: $13 for any payment received after the due date. - Prepayment: Customers may choose to pay off the financing amount early without any penalties or additional interest charges. - Notification: Customers must provide written notice of their intent to prepay at least 5 days in advance. - Balance Adjustment: Any prepayment will reduce the total balance owed without incurring additional interest.
