Terms & Conditions

a. Must be over 18 years of age

b. Must have legal documents in the country.

c. Must have a regular source of income and must provide pay slips 2 weeks prior. As for business owners, A bank statement two (2) weeks prior from the date requested.

d. Proof of Address is required to apply. (utility bills, mail)

Loan application process: To apply for a loan, the borrower must fill out an application form available on the Royal Loan Financial Services website. The application form must include all the required details, such as personal information and employment.

Interest rates and fees: The interest rate and fees with PG Financial Services will consist of a 15% charge on all loans monthly.

Loan approval: After filling out an application on the PG Financial Services website our company will review all the details of your loan and contact you with the contact information provided within 24-48 hours. Approval of loan will solely be based on the company’s discretion and the acceptance on authorizing your loan request. We will notify the borrower of the approval status within a reasonable period of time.

Loan Repayment: The borrower must repay the loan amount along with the applicable interest and fees in the agreed-upon installments. Failure to repay the loan amount on time may result in additional charges such as a $15 as late fee.

Loan Extensions: At Royal Loan Financial services/PG's Financials we believe in helping and supporting our clients. The loan extension was created in order to give clients the chance to be able to prolong repayment in case of an emergency or lack of available funds. However, within the extension period, the interest rate on loan amount will be initially required in order to continue with loan credit. The monthly interest amount of 15% will be charged accordingly in order to keep the extension going. This process is subjected to a 52-week period limit (12 months). At the end of the extension, Loan amount is required to be paid in full.

Penalties: It is a borrower’s responsibility to repay loan with all interest fees on contract’s due date. As a client, if your payment is constantly late, the company's confidence in approving your loan request will be at risk with the possibility of declining any future application.

Default Events: The occurrence of any of the following events shall constitute an ‘Event of Default”

Borrower violates any term or covenant of this Agreement.

Borrower fails to make payments according to the repayment agreement.

Remedies: If any Event of Default (4 weeks from most recent payment date) occurs, Lender may proceed to protect and enforce its rights Including, but not limited to, the following:
Lender may employ the help of a 3rd party collection company, and the borrower shall be liable for all reasonable fees associated with its recovery costs.
Lender is liable to add the monthly interest of 15% to the primary loan amount as stated above.
Lender may proceed to protect and enforce its rights and remedies by lawsuit. In any such lawsuit, under which Lender shall recover Judgment against Borrower, Borrower shall be liable for all Lender’s costs of the lawsuit, including but not limited to all reasonable attorney’s fees and court costs.
Borrower shall pay all reasonable costs associated with the Event of Default and the enforcement
of collection remedies set forth above, including but not limited to court costs and attorneys’ fees.

Privacy policy: PG Financial Services respects the privacy of its borrowers and will not disclose any personal information to third parties without the borrower's consent, except as required by law.

Governing law: The loan agreement will be governed by the laws of the country, and any disputes arising out of the agreement will be resolved through arbitration or in a court of law.

By accepting the loan agreement, the borrower agrees to abide by these terms and conditions.

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