Notification of the Right to Withdrawal

Last Updated: 28.01.2025
As a client of Favafond, you have the right to withdraw from a loan agreement within 14 calendar days without providing any reason. This notification outlines your rights and the procedure to exercise your right of withdrawal, in accordance with applicable regulations.

1. Right of Withdrawal
You have the right to withdraw from your loan agreement within 14 days from the date the agreement was signed, or from the date you received a copy of the agreement, whichever occurs later.

2. How to Exercise Your Right
To exercise your right of withdrawal, you must notify us within the withdrawal period by providing a clear and unambiguous statement. You can notify us by:
• Email: contact@favafond.com
• Phone:+1234567890
• Mail: Physical Address
Your notification must include:
• Your full name and contact information.
• The loan agreement reference number.
• A statement confirming your decision to withdraw from the agreement.
You may use the template below:
________________________________________
Sample Withdrawal Notification:
“To: Favafond
I hereby notify you of my decision to withdraw from the loan agreement with reference number [Insert Reference Number].
Full Name: [Your Name]
Contact Information: [Your Contact Details]
Date: [Insert Date]”

3. Obligations After Withdrawal
If you exercise your right of withdrawal:
• You must repay the principal loan amount, including any interest accrued from the date the loan funds were disbursed to the date of repayment.
• Repayment must be made within 30 calendar days from the date of notifying us of your withdrawal.

4. Exceptions to the Right of Withdrawal
The right of withdrawal does not apply in cases where:
• The loan has been fully repaid before the end of the withdrawal period.
• Other conditions specified by applicable laws restrict the withdrawal.

5. Contact Information
For further assistance or clarification regarding your right of withdrawal, please contact us:
Favafond
Website: www.favafond.com
Email:contact@favafond.com
Phone: +1234567890