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Loans for Borrowers in most countries - international loans. 7% annual interest rate, up to 2 years grace period,Interest rate paid one time per the year.
Only for members of our co-operative. If you are not member you can become member for $100 yearly cost of membership.
Collateral (mortgage, guarantee, positive loan history, salary confirmation from tax authorities, etc.) is not necessary, but financial transaction allowed only between members of our co-operative - Seller also must to be member of our co-operative.
By other words money will circulate all time inside the same financial institution as transaction vehicle between private persons and legal entities.
Most applicant are approved. Micro, macro and large loans. Upfront payment from own sources 4% of loan amount. Can be paid before or after received loan. Are not deducted from loan amount.
After loan repayment by Borrower legal entities and physical persons who used loan in transactions can withdraw his/her money from financial institutions to any bank of the World. Financial institution we offer for turnover is not new, work on the market from 2004.
Financial institution require $1000 initial deposit from each new account holder from which cost of services will be deducted.
Exist possibility withdraw loan from financial institution (before date of loan repayment) in form of promissory notes (paper version with mutual elements of protection) issued by financial institution. But redemption of promissory notes available with payment to accounts of the same financial institution only, accounts for internal money transfer.
www.globstarclub.org
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