Loan Hero – Program Details offered by Matrix POS
Loan amounts currently range from $1,000 – $25,000. If you sell a product or service that costs under $1,000 or over $25,000 we’d encourage you to check back soon because we’re always adding new lenders to the platform!
While we hate to be judged solely on price given the additional value we bring…we’re happy to say that our discount rates are extremely competitive and start as low as 1%. We can even build custom programs for larger customers.
Our interest rates and terms are 100% fixed, giving your customers a consistent, fixed monthly payment. Interest rates start at 13.99% with no pre-payment penalties. Merchants can offer promotional financing to those who qualify.
We hate fees just as much as you do. That’s why we don’t have any. No monthly fee, no setup fee, no minimums, no garbage fees whatsoever.
With Loan Hero, merchants have zero risk on customer defaults. If something happens and your customer can no longer pay their bill, it’s not your problem.
If you can access the internet, you can access Loan Hero. No need to buy any equipment…our platform looks amazing on any device.
We offer no interest (if paid in full) promotions for 6, 12, and 24 months1
Loan terms range from 12-60 months and are dependent upon loan amount
Merchants are funded directly via ACH within 48 hours.
1 Interest accrues during the promotional period, but all interest is waived if the entire purchase balance is paid in full before the end of the promotional period and you make all required monthly payments on or before their due dates. Terms may vary based on creditworthiness, amount of loan and length of term.
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