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Terms of Service

Position Purpose

At First Choice Capital Loan Fund LLC, we aim to provide simple, transparent, and flexible loan solutions. The following terms apply to all personal loans offered to U.S. citizens:

1) Loan Amount

Loan amounts range from $20,000 to $20,000,000 depending on your credit profile, income, and loan purpose.

2) Interest Rate

Annual Percentage Rates (APR) range from 6.99% to 12.99%. Your exact rate is determined based on your credit history, loan amount, and repayment term.

3) Loan Term

Repayment terms are available from 1 to 25 years. You will choose your preferred term during the application process

4) Repayment Schedule

Repayment Terms
Repayments are made monthly via wire transfer. Borrowers are responsible for initiating the payment by the due date each month. A detailed payment schedule, including due dates and amounts, will be provided upon loan approval.

5)Fees and Charges

Origination Fee:
Origination Fee: Between 1% and 2% of the loan amount, payable prior to loan disbursement
Late Payment Fee: Up to $15 or a percentage of the missed payment
Prepayment Penalty: None – You can repay early at any time with no additional charges

7) Credit Check

We perform a soft credit check during prequalification (no impact on your credit score)

8) Eligibility

To qualify, applicants must: Be at least 18 years old (19 in some states)
Be a U.S. citizen or permanent resident
Have a valid Social Security number
Maintain a verifiable income source
Have a U.S. checking account in good standing

9) Default and Collections

Missed payments may incur fees, affect your credit score, and lead to collections. We report to major credit bureaus.

Disclaimer

All loans are subject to credit approval and applicable federal and state regulations. Terms and rates may vary based on your financial profile and state of residence.