Refund Policy

  1. Application Fees:

    • Application fees are non-refundable once the loan application process has commenced.
    • In case of a rejected application or withdrawal before the processing begins, a refund may be considered, subject to a deduction for administrative expenses.
  2. Loan Processing Fees:

    • Once the loan processing has commenced, processing fees are non-refundable.
    • If the loan is not approved, a refund may be provided, excluding any expenses incurred during the processing of the application.
  3. Interest and Principal Repayments:

    • Refunds for interest and principal repayments are not applicable, as these are considered as payments towards the borrowed funds.
  4. Cancellation of Loan Agreement:

    • In the event of a loan agreement cancellation before disbursement, any fees paid will be refunded, less processing charges.
  5. Disbursement and Utilization:

    • Once the loan amount is disbursed, no refunds are applicable as the funds are considered utilized by the borrower.
  6. Refund Request Process:

    • Refund requests must be submitted in writing to our customer support department.
    • Refund eligibility will be assessed on a case-by-case basis.
    • Processing times for refunds may vary.
  7. Contact Information:

    • For refund requests or further clarification, please contact our customer support team at [email protected] or call [Customer Support Number].

Please note that this Refund Policy is subject to change, and any revisions will be updated on our website. It is the responsibility of users to review the policy periodically for changes.

Thank you for choosing Spectrum Finance. We appreciate the opportunity to assist you with your financial needs.