Félix Technologies Inc. – Loan Agreement
Effective Date: [Insert Date]
3. Truth in Lending Disclosures
Loan ID: [Insert Loan ID]
The Truth in Lending Disclosures are part of this Agreement.
This Agreement governs your loan granted by Félix Technologies Inc. (“Lender”, “we”, “our”) to you, the borrower (“Borrower”, “you”, “your”).
- Amount Financed: [Insert Amount]
- APR (Annual Percentage Rate): [Insert APR]
- Finance Charge: $0
- Total of Payments: [Insert Total]
- Number of Payments: [Insert Number]
- Payment Frequency: [Weekly / Bi-weekly / Monthly]
- First Payment Due: [Insert Date]
By checking the acceptance box:
2. Loan Terms
- You accept the terms of this Loan Agreement as set forth below.
- You and the Lender agree to be legally bound by the terms of this Agreement.
You agree to pay the Amount Financed indicated in the Truth in Lending Disclosures, in accordance with the provided payment schedule.
This Agreement includes an arbitration clause that affects your legal rights. Please review the following disclosure.
1. Promise to Pay
| Annual percentage rate (APR) | Finance charge | Amount financed | Total number of payments |
|---|---|---|---|
| The annualized cost of your loan | The cost of the loan in dollars | The amount of credit provided to you | The total amount you will have paid by the time you finish paying off your loan |
| [0%] | [$0] | [$X] | [$X] |
| Payment number | Payment amount | Payment deadline |
|---|---|---|
| 1 | [$X] | [Date] |
| 2 | [$X] | [Date] |
| 3 | [$X] | [Date] |
| ... | ... | ... |
| Final | [$X] | [Date] |
Early Payment: You may pay off the loan in full or in part at any time without
penalty.
Late Payment: We do not charge late payment fees.
Right to Cancel: You may cancel the loan at no cost by returning the total amount
before 5:00 p.m. (Eastern Time) on the third business day after disbursement.
4. Payments and Auto-Pay
By accepting this Agreement, you authorize Félix to collect payments automatically using the
selected method (e.g., Debit card or ACH). Payments will be charged on the
scheduled dates. If a collection attempt fails, we may retry it or contact you to
agree on another method.
5. Default and Collections
You will be in default if you do not make a full payment by its due date. In that
case, Félix may declare the loan in default, report your credit history, or take action
legal in accordance with the law.
6. Privacy and Data Use
We collect and use your personal information in accordance with our Privacy Notice
available at [insert link]. By accepting this Agreement, you authorize its use for evaluation,
administration and collection.
7. Assignment of Rights
We may sell, assign, or transfer this Agreement and the associated rights without prior notice. You
you may transfer your rights or obligations without our written consent.
8. Governing Law
This Agreement is governed by the laws of the State of Delaware and applicable federal law.
9. Communications
By accepting, you provide your express consent for Félix and its representatives to contact you
by phone, email, SMS, or WhatsApp for purposes related to the loan or its
collection.
10. Arbitration and Class Action Waiver
Any dispute may be resolved through binding arbitration in accordance with the Federal
Arbitration. You waive the right to a jury trial or to participate in class actions.
11. Entire Agreement
This Agreement, together with the Truth in Lending Disclosures, constitutes the
entire agreement between you and Félix regarding the loan. If any provision is found to be invalid,
the remainder will remain in full force and effect.
Acceptance
By checking the acceptance box in the loan flow, you acknowledge that you have read and agree to
this Loan Agreement and the Truth in Lending Disclosures.
