Real Wallet Capital offers competitive rates with no hidden fees. Agents pay a 1.5% origination fee when the funds become available and an annual interest rate of 12% applies to the balance.
- To make a repayment, navigate to Wallet
- Click ‘Make a Payment’ where you see your capital balance
- Choose either your Real Wallet business account or the Tax Planning account
- Repayment can only be done via a wallet account. If you need to transfer funds into the account, see: Adding Funds to Your Real Wallet Business Checking Account
- Input the amount you will to repay or select the minimum monthly amount
- Continue to review
- Submit Payment!
There are two ways repayment will occur: Monthly minimum payment and Automatic payments from Commission and RevShare.
The monthly minimum payment must be made each month. Automatic payments will be made in addition to the monthly minimum payment whether you have a commission or RevShare payment or not.
- The Monthly Minimum Payment will be due on the 10th of each month
- If the Monthly Minimum Payment is not paid within 15 days of the due date, a late fee will be applied on the 16th day.
Monthly Minimum Payment
Calculated as 2% of the outstanding balance at the end of the previous month or $50, whichever is greater.
Example:
Taylor’s outstanding loan balance at the end of May is $15,000.
- On June 1st, their minimum monthly payment is calculated at 2% of the outstanding balance from May or $50, whichever is greater. In this case the minimum monthly payment comes out to be $300.
- This $300 must be paid by June 25th to avoid late fees.
Minimum Automatic Repayments
Automatic payments will be made in addition to the monthly minimum payment.
We’ll automatically deduct 25% from your commission and 15% from your RevShare earning(s) to repay your Capital loan. We’ll continue these deductions until your loan is fully repaid.
These repayments will be over and above the monthly minimum payments due.
Example:
Taylor took out a $50,000 loan, and their minimum monthly payments for May is $1,000.
- On June 1st, Taylor closes a transaction and receives a $10,000.00 payout. We automatically deduct 25% of it; in this case $2,500.00
- This amount reduces the loan balance by $2,500.00, but Taylor is still required to make the minimum monthly payment of $1,000 for the current month.
Note: If your Real Wallet Capital balance is less than 25% of your next commission payout then it will only take the remaining balance due.
Late Fees
An agent has 15 days from the Due Date to pay the minimum payment to avoid the Late Fee. A late fee will be applied if missed. Please refer to your agreement for late fee details.
Real Wallet Capital is a business loan product offered by either Real Broker Financial, LLC or Real Broker Lending, LLC depending on your state, and the lender for your loan will be identified in your loan agreement. Loans are available only in select states and require an active Real Wallet Business Checking Account and single-check commission payments. Loans are for business purposes only and may not be used for consumer or household purposes. Pre-approval and the potential loan amount are determined based on your business history and financial performance with The Real Brokerage. Pre-approval is not a guaranteed offer of credit. Final approval is subject to eligibility verification, underwriting, and review of account status, including outstanding advances and brokerage debts. Repayment terms include monthly payments of 2% of the outstanding balance plus variable payments tied to commission and revenue share income. For approved loans, same-day funding is generally available for applications submitted before 3:00 p.m. ET on business days; funding times may vary and are not guaranteed. Pre-qualification for Real Wallet Capital is evaluated periodically (typically weekly). Log in to reZEN to confirm current pre-approval status. All loans are subject to applicable laws and the terms of your loan agreement.