“Instalment Agreement”, The Lender And The Borrower Agree To And Jointly
Abide By This Agreement. Adhering To The Principles Of Equity,
Voluntary, Honesty And Reputation, There Is No Consensus, This Small
Loan Agreement Is Signed And Ensures Compliance And Performance By The
Parties.Article 1 Loan Form: Use An Unsecured ID Card To Request A
Loan.Article 2Premium Interest Rate:
Article 1
Loan Form: Use An Unsecured ID Card To Request A Loan.
Article 2
Premium Interest Rate:Interest Rates, Fines, Service Charges Or Any
Fees. Total Not More Than 25% Per Year.
Article 3
During The Loan Tenure, The Borrower Has To:
(1) Pay Interest At The Same Time.
(2) To Give Capital On Time.
(3) If It Is Not Possible To Borrow Money From The Account Due To The
Borrower S Problem, The Borrower Should Cooperate With The Lender To
Finalize The Payment.
(4) Comply With All The Terms Of The Contract.
Article 4
(1) In the case of online borrowers without collateral, The lenders
run the risk of lending. Borrowers must show their financial status to
the company to confirm their ability to repay their debts. The borrower
will withdraw the full amount of the loan account.
(2) After Signing This Contract, Both The Borrower And The Lender Must
Comply With All Requirements Of The Contract. If Either Party Breaches
The Contract, The Other Party Has The Right To Sue In Court. The Party
Not Complying With This Will Have To Pay A Fine Of 50 Percent Of The
Installment Amount If It Does Not Object.
(3) In The Event That The Credit Transfer Cannot Be Resolved Due To The
Problems Of The Borrower, The Lender Has The Right To Request The
Borrower To Assist In Handling It. After Completing This Operation, The
Lender Has To Transfer The Funds.
(4) The Borrower Shall Repay The Loan Principal And Interest Within The
Period Specified In The Contract. If The Borrower Wants To Apply For
Loan Extension, He/She Has To Disburse It 5 Days Before The Contract
Period.
Article 5
Lending: Before Granting A Loan, The Lender Has The Right To Consider
The Following Matters And Take A Decision To Grant The Loan As A Result
Of The Review:
(1) The Borrower Has Entered Into This Agreement Completion Of Legal
Formalities (If Any) Relating To The Loan Under The Act, Such As
Regulatory Delivery Of Government Permits, Approvals, Registrations And
Relevant Laws;
(2) Whether The Borrower Has Paid The Costs Associated With This
Agreement (If Any);
(3) Whether The Borrower Has Complied With The Loan Terms Specified In
This Agreement;
(4) Whether The Business And Financial Position Of The Borrower Has
Changed Adversely;
(5) If The Borrower Breaches The Terms Specified In This Agreement.
Article 6
(1) The Borrower Cannot Use The Loan For Illegal Activities. Otherwise,
The Lender Reserves The Right To Require The Borrower To Repay The
Principal And Interest Promptly And The Legal Consequences Shall Be
Borne By The Borrower.
(2) The Borrower Shall Repay The Principal And Interest Within The
Period Specified In The Contract. For The Overdue Portion, The Lender Is
Entitled To Recover The Loan And Collect 5% Of The Total Amount Due.
Article 7
Modification Or Termination Of Contract: In All Of The Above Provisions,
Neither Party Is Permitted To Modify Or Terminate The Contract Without
Permission. When Either Party Wishes To Bring To The Fore Such Facts In
Accordance With The Provisions Of The Law, He Must Notify The Other
Party In Writing In Time For The Settlement. After This Agreement Is
Modified Or Terminated, The Borrower Shall Repay 30% To The Principal
And Interest In Accordance With The Terms Of This Agreement.
Article 8
Dispute Resolution: Both Parties Agree To Amend The Terms Of This
Agreement Through Negotiation. If The Negotiations Do Not Agree, You Can
Ask The Local Arbitration Committee To Mediate Or Bring The Matter To A
Local Court.
Article 9
The Lender Assumes The Credit Risk Of The Borrower. Due To The "New
Corona Pandemic", The Central Office Requires Borrowers To Purchase
Personal Accident Insurance. If The Borrower Is Unable To Repay The Loan
On Time Due To Force Majeure, The Lender May Ask The Insurance Company
To Assist In The Payment Of The Borrower S Loan And The Loan Should Be
Transferred To The Borrower S Account. Borrowing Is Specified In The
Internal Contract. Half An Hour After The Purchase, If The Borrower
Signs The Contract But Does Not Comply With The Terms, The Company
Considers It A Serious Fraud And Will Take The Credit Dispute To The
People S Court. The Anti-Contract King Is Also Presented. After
Purchase, If The Lender Does Not Lend On Time, The Borrower Has The
Right To Sue Directly In The Local Court.
Article 10
This Short Loan Agreement Takes Effect From The Date Of Its Signing By
Both Parties (Including The Electronic Agreement). The Text Of The
Contract Has The Same Legal Effect. The Lender And Borrower Keep A Copy
Of The Contract.
Lender: Credit
1. Customer Commits And Confirms That All Information, Data, Documents
That Customer Goods Supplied To Under The Provisions Of This Contract
Are Under The Management Of Legal Use, Use And Possession Of The
Customer; True; Correct On All Facets And No Information Is Hidden And
Personal Loan Maximum Approval Limit Is Not More Than 5 Times Of Income.
2. The Customer Agrees And Allows SM Investments Corporation To Receive
Information Related To The Agreement Loan Agreement And Documents
Related To The Loan Agreement. SM Investments Corporation Is Allowed To
Disclose To Any Third Party Any Information Relating To The Customer
And/Or Related In Connection With The Contract, Loan Agreement And/Or
Other Relevant Documents At Any When Is SM Investments Corporation’S
Decision Right And Necessary? Without Obtaining The Consent Of The
Customer.Customer Agrees That The Foregoing Information May Be Used,
Encrypted, Transmitted And Stored By SM Investments Corporation And Its
Management Company, Its Branches, Subsidiaries And Member Companies
Other Assets Of SM Investments Corporation.
3. 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 SM
Investments Corporation, However, Any Such Approval Shall Be At The
Discretion Of The Company.
4. Regardless Of Any Or All Installments, The Company Has The Right To
Collect Interest During The Default Period, Rate At The Company Deemed
Appropriate, But Not Exceeding The Maximum Rate As The Company Has The
Right To Collect Legally And You Will Still Be Charged A Debt Collection
Fee At The Rate Of Accounting Cycle.
5.Borrowers Can Know The Preliminary Approval Results When Submitting A
Loan Application.
6.Interest Rates (Fixed Interest Rate), Fines, Service Charges Or Any
Fees. Total Not More Than 24% Per Year (Decrease The Interest Rate Since
The Beginning) In The Case Of Having A Car Registration As Insurance.
7.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
Borrower fails to comply with the conditions of this contract, the
Borrower shall be responsible for all losses suffered by the Lender
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
agreement will have legal effect as an agreement between the two
parties
8.Total Amount Of The Loan And Installment Repayment Is Not More Than
24% Per Year.8..The Company Reserves The Right To Use The Company S
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 Borrower S Qualifications Do Not Meet The Criteria And
Conditions That The Company Set Forth At Any Time And For Any Reason The
Borrower Agrees To Allow The Company Have The Right To Change The
Interest Rate Includes The Credit Line Usage Fee That The Borrower Will
Have To Pay To The Company. The Interest Rate Includes Such Fees Shall
Not Exceed The Maximum Rate Required By Law.
9.The Customer Will Not Make Any Claim Against Insurance Of Any Claim
For Any Loss Of Any Nature Which Substance Is Due To SM Investments
Corporation Unilaterally Terminating The Contract According To The
Terms Of This Agreement.
10.Debt Collection Expense Of The Installment Repayment By Bank Deposit
Or Accounting Cycle.
Loans Are Risky, Borrowing Needs To Be Cautious. Consume Rationally And
Avoid Overdue.