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Understanding Your KinPay Agreement
What each step means, in the order you meet it.
0 of 5 complete · about 20 min
- What is a private financial agreement?
A private financial agreement is an arrangement between two people about money that is lent, borrowed and repaid on agreed terms.
Read (4 min) - What is a loan request?
A request is a proposal. It sets out the amount and repayment plan and is sent to one specific person.
Read (2 min) - Is a request the same as an agreement?
No. A request becomes an agreement only when both people accept the final terms and sign.
Read (1 min) - What is a counter-offer?
A counter-offer proposes different terms instead of accepting or rejecting the original request.
Read (2 min) - How do repayment schedules work?
A schedule breaks the total into dated instalments so both people can see what is due and when.
Read (3 min)