TERMS & CONDITIONS
1. Parties; Party A as the “Lender” and Party B as the “Borrower”.
2. The Party A agrees loaning certain monies (the “Loan”) to the Party B, and the
Party B repaying the Loan to the Party A, the Parties agree to keep, perform and
fulfil the promises and conditions set out in this Loan Agreement.
3. The Party B agrees and allows Party A to receive information related to the Loan
Agreement, agreement and documents related to the Loan Agreement. Party A is
allowed to disclose to any third party any information relating to the Party B
and/or related in connection with the contract, Loan Agreement and/or other
relevant documents at any when is Party A decision right and necessary? Without
obtaining the consent of the Party B. Party B agrees that the foregoing information
may be used, encrypted, transmitted and stored by Party A and its management
company, its branches, subsidiaries and member companies’ other assets of Party A.
4. Party B commits and confirms that all information, data, documents that Party B
goods supplied to under the provisions of this contract are under the management
of legal use, use and possession of the Party B; true; correct on all facets and no
information is hidden and personal loan maximum approval limit is not more than
12 to 48 times of net income.
5. When an online borrower has no collateral, the lender assumes the risk of the
loan and the Party B must provide the Party A with their financial status to prove
its ability to repay the debt in the future. Party B will withdraw the full loan
amount.
6. According to the qualification of each applicant and or setting a credit limit
and or the interest rate received depend on the loan application document and or
the terms and conditions within Party A, however, any such approval shall be at
the discretion of the Party A.
7. Regardless of any or all installments, the Party A has the right to collect
interest during the default period, rate at the Party A deemed appropriate, but
not exceeding the maximum rate as the Party A has the right to collect legally and
you will still be charged a debt collection fee at the rate of payment schedule.
8. Party B can know the preliminary approval results when submitting a loan
application.
9. If Party B has been approved for the loan and Party B wishes to cancel the
contract through the online platform, Party B needs to pay a contract termination
fee of 30% of the approved loan. If the Party B fails to comply with the conditions
of this contract, the Party B shall be responsible for all losses suffered by the
Party A due to such breach of contract. Includes all charges for warnings, default
charges and damages. Both Parties have always read and understood the content of
the contract and signed it accordingly, this Loan Agreement will have legal effect
as an agreement between the two Parties.
10. Total amount of the loan and installment repayment is not more than 24% per
year. The Party A reserves the right to use the Party A internal rules and policies
approving the credit line, or reject the can request including the approval of
special interest rates however, if it is found that the Party B qualifications do
not meet the criteria and conditions that the company set forth at any time and for
any reason the Party B agrees to allow the Party have the right to change the
interest rate includes the credit line usage fee that the Party B will have to pay
to the Party A. The interest rate includes such fees shall not exceed the maximum
rate required by law.
11. The Party B will not make any claim against insurance of any claim for any loss
of any nature which substance is due to Party A unilaterally terminating the
contract according to the terms of this Agreement.
12. Debt collection expense of the installment repayment by bank deposit, adhere
payment schedule.