Dear Sir/Ma,

LOAN OFFER, SCHEDULE OF PAYMENT AND AGREEMENT

We are pleased to inform you that your loan application with {{$company_name}} has been approved. Following an assessment of your request, we are pleased to offer you the loan under the following terms:

LOAN OFFER DETAILS

@if ($car_tracking == 'YES') @endif @if ($comprehensive_insurance == 'YES') @endif @if ($extension == 'YES') @endif @if ($recovery_deposit == 'YES') @endif

Loan Amount	₦{{number_format($loan_amount)}}
Interest Rate	{{$interest_rate}}% Per Month
Loan Tenure	{{$duration}} Months
Repayment Type	Monthly (Principal, Interest and Fees)
Collateral	@foreach ($collateral as $item) {{$item}} @endforeach
Management Fee	₦{{number_format($management_fee)}}
Car Tracking Fee	₦{{number_format($car_tracking_amount)}}
Comprehensive Insurance	₦{{number_format($comprehensive_insurance_amount)}}
Extension Option	This loan can be extended for an additional {{$extension_month}} month(s), provided that the monthly interest is paid on each repayment due date. If the monthly interest is not paid on the due date, the collateral will be liquidated in accordance with the collateral liquidation clause in the supplementary collateral agreement.
Recovery Deposit	₦{{number_format($recovery_deposit_amount)}}
Disbursement Amount	₦{{number_format($disbursement_amount)}}
Monthly Repayment	See Repayment Schedule

REPAYMENT SCHEDULE

@foreach ($repayment_schedule as $item) @endforeach

Repayment Date	Total Due	Principal	Interest
{{$item["repayment_date"]}}	₦{{number_format($item["total_due"],2)}}	₦{{number_format($item["principal"],2)}}	₦{{number_format($item["interest"],2)}}

LOAN OFFER AGREEMENT

This Loan Offer Agreement (the "Agreement") is made on the {{$agreement_date}} by and between:

1. {{$company_name}} (hereinafter referred to as the "Lender"), whose registered address is 2, Olugbesan Close, Allen Avenue, Ikeja, Lagos; and
2. {{$customer_name}} (hereinafter referred to as the "Borrower"), whose registered address is {{$address}}, {{$city}}, {{$state}}.

RECITALS

The Lender agrees to provide the Borrower with a loan subject to the terms and conditions stated in this Agreement.

LOAN AMOUNT AND DISBURSEMENT

• The Loan Amount is ₦{{number_format($loan_amount,2)}}.
• A Management Fee of ₦{{number_format($management_fee,2)}} @if ($comprehensive_insurance == 'YES') , a Comprehensive Insurance of ₦{{number_format($comprehensive_insurance_amount,2)}} @endif @if ($car_tracking == 'YES') , and a Car Tracking Fee of ₦{{number_format($car_tracking_amount,2)}} @endif will be deducted upfront, resulting in a disbursed amount of ₦{{number_format($disbursement_amount)}}.
• The Loan shall be disbursed to the Borrower's provided bank account upon signing this Agreement.

LOAN REPAYMENT TERMS

• The Loan shall be repaid in {{$duration_in_words}} ({{$duration}}) equal monthly instalments of ₦{{number_format($repayment,2)}}.
• Payments should be made to the Lender's designated account as communicated to the Borrower.

LOAN LIQUIDATION

• Right to Liquidate: The Borrower shall have the right to liquidate the Loan in full at any time prior to the final maturity date. Partial liquidation is not permitted.
• Liquidation Charge: A charge equivalent to five percent (5%) of the outstanding principal balance shall apply.
• Accrued Interest: Interest accrued from the last repayment to the liquidation date shall be payable, calculated by prorating the next scheduled interest payment.
• Total Liquidation Amount: The total payable shall comprise:
  • the outstanding principal balance;
  • the liquidation charge;
  • the prorated accrued interest; and
  • any other amounts due under this Agreement.
• Effect of Liquidation: Upon full payment, all obligations shall be deemed satisfied and the Lender shall release any collateral held.

GRACE PERIOD AND DEFAULT CHARGES

• A grace period of two (2) calendar days is allowed for each repayment.
• If the Borrower fails to make repayment within 2 days after the due date, a default charge of 10% of the outstanding amount will be applied.
• Default charges shall continue to accrue monthly until full payment is made.

BORROWER'S OBLIGATIONS

• To ensure that monthly repayments are made on or before the due date.
• To provide the Lender with accurate contact information and promptly update any changes.

EVENTS OF DEFAULT

• Failure to make repayments in accordance with the terms specified in this Agreement.
• Any fraudulent or misleading information provided by the Borrower during the Loan application process.

REMEDIES IN CASE OF DEFAULT

In the event of default, the Lender reserves the right to:

• Demand immediate repayment of the entire outstanding Loan amount and accrued charges.
• Report the default to relevant credit bureaus or regulatory authorities.
• Institute legal proceedings to recover the Loan amount and associated costs.

SUPPLEMENTARY COLLATERAL AGREEMENT

This Supplementary Collateral Agreement ("Agreement") is made and entered into as of {{$agreement_date}}, by {{$company_name}} ("Lender"), and {{$customer_name}} ("Borrower"), whose registered address is {{$address}}, {{$city}}, {{$state}}. This Agreement supplements the existing Loan Agreement dated {{$agreement_date}} executed between the parties.

COLLATERAL DESCRIPTION

The Borrower agrees to provide the following tangible assets as collateral ("Collateral") to secure the loan:

@foreach ($collateral_description as $item)
• {{$item}}
@endforeach

STORAGE AND CUSTODY

The collateral shall remain in the custody of the Lender throughout the loan period, subject to the terms and conditions set forth in this Agreement.

INSURANCE REQUIREMENTS

The Borrower shall maintain adequate insurance coverage on the Collateral throughout the loan period, with the Lender named as loss payee. The cost of insurance shall be borne by the Borrower.

SELLING OF COLLATERAL FOR LOAN REPAYMENT

• Grace Period: If the Borrower fails to repay the loan by the maturity date, a grace period of 3 days will be granted from the maturity date.
• Right to Liquidate: Should the Borrower fail to fulfil the repayment obligation by the end of the grace period, the Borrower hereby grants the Lender the authority to liquidate the Collateral immediately, without requiring additional consent or court order. The collateral may be liquidated by auction or private treaty.
• Application of Proceeds: Proceeds from the sale will be applied to the outstanding loan balance, including accrued interest, fees, and liquidation costs. Any surplus will be returned to the Borrower; any deficiency remains the Borrower's responsibility.

MISCELLANEOUS

• Amendments: Any amendments to this Agreement must be in writing and signed by both parties.
• Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria.
• Severability: If any provision is found to be unenforceable, the remaining provisions shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Supplementary Collateral Agreement as of the day and year first above written.