From: Mr. Michael Allen <mr.michaelallen@live.com>
Subject: LOAN TERMS & REPAYMENT SCHEDULE FOR THE LOAN SUM OF $25,000.00 USD/GET BACK IMMEDIATELY
Date: Wednesday, November 12, 2008, 2:00 PM
FINANCIAL TIMES INVESTMENTS
Plot 44,Abuja West Africa, Nigeria
Tel:+2348068612592
I Mr. Michael Allen GENERAL CONSULTANTofFinancial Times Investmentsis giving out a loan of$20,000 USD{United States Dollars} to the following beneficiary: MISS YOUNG
APPLICANT'S DETAILS
* Name of Applicant: MISS YOUNG
*Address Of Applicant: XXXXX.
* Tel:XXXXX
*Fax: N/A
*Amount: $20,000.00 USD
*Loan Duration:3 Months {36 Years}
LOAN TERMS AND REPAYMENT SCHEDULE
The loan repayment is based on a monthly basis, which consists of the loan capital and interest rate together. Like it’s written, the loan duration period is for36 months. So find the interest rate and payment schedule below:
* Loan Amount: -------------------------------------$10,000 USD
*Interest Rate: ------------------------------------------- 5% YEARLY
*Interest per Year: ------------------------------------ $1,000.00 USD
*Loan Duration in Months: ------------------------------36 Months {3 YEARS}
* Total Interest for3 Years: ----------------------- $3,000.00 USD
*Total Interest And Capital: -------------------------- $23,000.00 USD
Furthermore be informed that in line with the rules governing this organization, you will be required to make payment on monthly basis. The loan repayment is expected to be made36 times making a total payment of $639 USDmonthly. This is the total loan amount and interest divided by the loan duration.
LOAN AGREEMENT/CONDITIONS
{1}. The applicant will start the repayment of loan at the end of every month starting from3 months after loan has been transferred.
{2}. Failure to pay back the loan at this expected date/period; our attorney will take legal actions against the applicant immediately.
{3}. Applicant who is unable to meet with the monthly repayment will be givenTwo(2) Monthsmore as a grace period before legal actions will be taken.
{4}. Applicant will be responsible for the Loan processing and administrative charges of $468 USD, which has to be paid for approval before the company can instruct the transfering bank to commence on the transfer of your loan..
In agreement to this loan terms and repayment schedule, applicant will be expected to senda scan copy of his/her identification for the proper documentation of his/her file in the company data base for further documentation. Once this is received, we will inform you when your loan will be approved and ready for transfer.
Please you are to call me as soon as you get this email, as i also await your urgent email update in regards to this effect.
Yours sincerely,
FINANCIAL TIMES INVESTMENTS
Mr. Michael Allen
General Consultant.
Tel: +2348068612592
PLEASE NOTE THAT YOU WILL HAVE TO INFORM THE COMPANY WHEN YOU WILL BE SENDING THE PAYMENT FOR THE PROCESSING AND APPROVAL OF YOUR LOAN SUM BECAUSE YOUR LOAN SUM CAN NOT BE APPROVED IN ADVANCE.
