Loan Agreement

1. Overview of Loan Services
Our loan offerings are designed with adaptable terms to meet your financial needs:

Maximum Loan Amount: ₹5,00,000
Repayment Period: Ranging from 91 to 360 days
Processing Fee: Up to 1% of the loan principal
Daily Interest Rate: 0.05%
Annual Percentage Rate (APR): 18.75%

Example Loan Calculation: For a ₹10,000 loan with a 18.75% APR over 91 days, the total repayment amount would be ₹10,462, including ₹462 as interest. The monthly installment is ₹3,487, while the processing fee of ₹100 and GST of ₹18 (on the processing fee) bring the total loan cost to ₹580. After deducting these charges upfront, the net disbursed loan amount would be ₹9,882.


2. Loan Amount Specification

The designated loan amount will mirror the sum requested by the borrower in the initial application to the lender. Upon mutual acknowledgment and verification of the proposed amount by both parties, the transaction will proceed, strictly adhering to the guidelines set forth in this contract.


3. Commitments by EarthStone Cash

a. Loan Payment: EarthStone Cash will fulfill its commitment to pay out the loan in accordance with the agreement's terms, delivering the entire amount in one transaction to the borrower.

b. Repayment Planning Assistance: EarthStone Cash commits to providing the borrower with a clear repayment strategy, detailing the repayment timeframe, installment sums, and other necessary details for on-time repayment.

c. Protection of Borrower Information: EarthStone Cash assures the confidentiality of all borrower-related information and repayment data, with a promise against its disclosure or misuse.



4. Loan Repayment Conditions

· Repayment Onset: The borrower shall commence loan repayments in accordance with the agreed terms and schedule from the date this agreement takes effect, continuing until the full repayment of the loan principal and interest.

· Penalty for Repayment Delays: If repayment is not made timely, interest on the overdue amount will be charged at the annualized rate mutually agreed upon from the date of delay until the complete clearance of the outstanding loan principal and interest.

· Provision for Early Repayment: The borrower holds the right to repay the outstanding loan balance, either partially or in its entirety, before the close of the repayment period.


5. Borrower's Commitments

a. Agreement Acknowledgment: The borrower acknowledges understanding the entirety of this loan agreement and commits to adhering to all its terms and conditions.

b. Truthfulness of Information: The borrower assures that all provided information is authentic, precise, and complete, containing no misrepresentations or omissions.

c. Timely Repayment Assurance: The borrower commits to the timely and full repayment of both the loan principal and interest as per the outlined repayment schedule.

d. Consent to Credit Review: The borrower consents to the loan service provider's right to assess, inspect, and evaluate the borrower's creditworthiness and repayment capacity as deemed necessary.


6. Resolution of Dispute

In accordance with the laws of India, the provisions of this agreement will be interpreted and implemented. Any conflicts or disputes that emerge from this agreement are to be first addressed through mutual negotiations between the involved parties. If such negotiations do not yield a resolution, the dispute shall be presented to a court holding jurisdiction in India to seek a legal settlement.


7. Agreement Modification Process

For any modifications, including changes or amendments to this Agreement's terms, a written form is required, which must be mutually agreed upon and officially signed by both parties to be valid.