Circlworld

Lending — Pre-Contract Credit Information (PCCI) template

Version v1.0 · Effective pending · Last updated 2026-06-03

Pre-Contract Credit Information (PCCI) — template

Status: v0.1 template. The version personalised for your loan is the one that is statutory. The UK version is the PCCI required by FCA CONC 4.2; the EU version is the SECCI (Standard European Consumer Credit Information). This template defines the shape; counsel will confirm the exact statutory wording per jurisdiction.

Where this sits in the Custody Framework

This document operates under Category B of the Custody Framework Charter — the escrow-only category that governs lending pool capital, loan accounts, collateral escrow, and the Circle Protection Reserve. Member vote does not apply to Category B custody; the rule is constitutional. Accounts are opened in the name of the Members' own co-operative legal form, with a multi-signature mandate held by the Lending Committee.

Category A — regular cycle contributions in single-jurisdiction Circles, which may be Member-to-member or escrow-held by Member vote — is outside this surface. Category C — Circles that cross a jurisdictional boundary — adds the escrow-only rule to all funds in those Circles; this surface inherits Category C when the Circle is cross-border.

1. About this form

This form is issued to you before you sign the Member Borrowing Agreement. Its purpose is to let you compare this loan against other credit options.

The form is valid for fourteen (14) days from issue. If you do not sign within that window, the lender will re-issue with current numbers.

2. The Lender

| Field | Value | |---|---| | Lender's legal name | The regulated lending entity registered in your jurisdiction | | Lender's registration number | Per the jurisdiction's cooperative / credit-union register | | Lender's regulator | e.g. FCA (UK), DCFS (Jamaica) | | Lender's registered address | Per the register |

The Lender is not Circlworld. Circlworld provides the underwriting engine, the governance plumbing, the audit trail, and the dispute pathway — but is not your counterparty. See the Lending Center charter.

3. Type of credit

This loan is a fixed-term, fixed-rate cooperative loan, structured as a credit agreement under the consumer-credit law of the Lender's jurisdiction.

4. The amount

| Field | Value | |---|---| | Principal amount | £X.XX | | Unsecured portion | £X.XX | | Secured portion | £X.XX |

The unsecured portion is backed by your Standing per the platform's underwriting formula. The secured portion requires collateral you post under the Collateral Terms.

The underwriting inputs that produced this split are:

| Input | Value at this disclosure | |---|---| | Your Standing | X / 1000 | | Your standing budget | £X.XX | | Your affordability cap | £X.XX | | Pool multiplier | X.XX | | Pool unsecured ceiling | £X.XX | | Pool Standing floor | X | | Loans previously repaid on the platform | N | | Completed clean circles | N |

You may verify these inputs in your account before signing. Inputs disputed during the disclosure window can be raised through the Dispute Settlement Centre.

5. The term and the schedule

| Field | Value | |---|---| | Term | N months | | Number of installments | N | | Installment amount | £X.XX | | Installment frequency | Monthly | | First installment due | DD MMM YYYY | | Last installment due | DD MMM YYYY |

The full installment schedule (date + amount per installment) is attached to this disclosure.

6. The interest and the cost

| Field | Value | |---|---| | Interest rate (nominal, annualised) | X.XX% | | APR (Annual Percentage Rate of charge) | X.XX% | | Total interest payable over the term | £X.XX | | Platform fee | £X.XX | | Lender administration fee | £X.XX | | Total cost of credit | £X.XX | | Total amount you will repay | £X.XX |

The APR is calculated per the consumer-credit law of the Lender's jurisdiction. It includes all fees that are a condition of the loan, expressed as an annualised rate.

The rate is fixed for the life of the loan. The Lender cannot vary the rate after signing.

7. The collateral required

| Field | Value | |---|---| | Total required posted value | £X.XX | | Acceptable security types for this loan | Cash deposit (LTV 0.95), Pledged future hand-payout (LTV 0.80), Guarantor commitment | | Specific collateral you have posted or selected | Itemised |

Collateral terms — posting, release, liquidation — are in the Collateral Terms.

8. Your right to withdraw

You may withdraw from this loan within fourteen (14) days of signing the Member Borrowing Agreement, without giving any reason.

To withdraw, send written notice to the Lender at the address in §2. The platform's "Withdraw loan" surface counts as written notice.

You repay the principal disbursed, together with interest accrued for the period of use, within thirty (30) days. No other charge applies.

9. Your right to early repayment

You may repay the loan in full or in part at any time, without penalty. Interest is calculated to the date of repayment.

10. Late payment consequences

If an installment is more than fourteen (14) days late, the Lender will issue an early-warning notice (free) and the Care Concierge team is available.

If an installment is more than thirty (30) days late, the Lender may declare the loan in default and execute the Loss Waterfall.

Late-payment interest applies at the rate disclosed in your full Member Borrowing Agreement.

11. Default consequences

On default:

  • Collateral is liquidated.
  • Any guarantor is called.
  • Your own pool stake is set off.
  • Future hand-payouts due to you may be intercepted.
  • The pool reserve absorbs the next layer.
  • Pool Contributors absorb the residual (bounded by the unsecured trust extended to you).
  • Your Standing is severely penalised. A Financial Reliability Record is written. Borrowing is frozen for at least 12 months.

The full waterfall is in the Loss Waterfall Disclosure.

12. Your right to information during the loan

For as long as the loan is active, you may at any time request:

  • A statement of account.
  • The current balance.
  • The schedule of remaining installments.
  • A list of fees charged.

The platform's loan surface provides these in real time.

13. Dispute pathway

Disputes about installments, balances, late charges, or collateral release go through the Dispute Settlement Centre. Stage 1 Conciliation is free.

Where the disputed amount exceeds the platform's small-claims threshold, the matter proceeds in the courts of the Lender's jurisdiction.

14. Your right to advice

You have the right to seek independent legal or financial advice before signing the Member Borrowing Agreement. The Lender is happy to extend the 14-day disclosure window on request to allow you to obtain advice.

15. The Lender's contact

| Field | Value | |---|---| | Address for written communication | Per §2 | | Telephone | Per jurisdiction | | Email | Per jurisdiction | | Complaints procedure | Linked in the loan record | | Out-of-court redress | The DSC (per the dispute pathway) and the relevant national ombuds (e.g. FOS in the UK) |

Reminder: template only. The personalised PCCI / SECCI issued for your specific loan is the statutory document. It includes the same fields, populated with the actual numbers and the actual Lender.