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Loans
At Sol’s, we offer collateral loans; customers use personal property as collateral. The amount of the loan is determined by the value of the customer’s item(s). The customer then has 120 days to pay off the loan and retrieve their item(s). The customer can extend the loan, if needed, by paying an additional one month of interest. If the loan is less than $1000, the interest rate is only 15% per month. If the loan is over $1000, the interest rate is only 10% per month.
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