Cancelled

• If the Milestone Indicators are gray/black and Loan Status is set to ‘Cancelled’, the loan will not move forward.
• Loans may be cancelled for the following reasons:  
  • • Direct Request: The applicant can contact the Dealer directly or Almika Customer Service to request cancellation. 
      
      • • If the request is made to Almika Customer Service:
          • • Almika Customer Service will notify the Dealer of the Customer's intent to cancel.
            • If no response is received from the Dealer within 3 days of the request, the loan will be cancelled.
    • Withdrawal of Application: The applicant can formally withdraw their loan application before approval. 
    • Non-Agreement to Terms: If the applicant does not agree to the final terms or conditions presented in the loan agreement, the loan will be cancelled. 

Once a loan has been cancelled, it cannot be reinstated. A new loan application must be submitted.