ACOM CONSUMER

How is my loan amount determined?

Your maximum loan amount is calculated in real-time based on your creditworthiness during a soft credit check, which does not affect your credit score. Factors include your credit score, income, and existing debt. You can see your personalized, pre-approved limit instantly upon application.

What is the interest rate on your loans?

We offer a fixed Annual Percentage Rate (APR) of 10%. This is a simple, transparent rate applied to your principal loan amount for the full term, with no hidden fees. The total interest cost is clearly displayed before you accept the loan.

How and when do I need to repay the loan?

Repayments are made through our mobile app. You will have a scheduled monthly due date, but you have the flexibility to make early or extra payments at any time without any prepayment penalties. You can also set up automatic payments for convenience.

What if I can't make a payment on the due date?

We understand that situations change. Through our app, eligible customers can request a one-time loan extension for their current payment. Please note that fees and additional interest may apply for extended terms, and we encourage you to contact our support team before your due date to discuss options.

How quickly can I receive the funds after approval?

Once your application is approved and your loan agreement is signed, funds are typically disbursed to your linked bank account within the same business day or by the next business day. The exact timing may depend on your bank's processing policies.