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

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($management_fee)}}
Disbursement Amount	₦{{number_format($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. {{$company_name}} (herein after referred to as the "Lender"), whose registered address is 2, Olugbesan Close, Allen Avenue, Ikeja, Lagos and
2. {{$customer_name}}, (herein after 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)}} 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 of the Loan is not permitted.
• Liquidation Charge: In the event of full liquidation, the Borrower shall be liable to pay a liquidation charge equivalent to five percent (5%) of the outstanding principal balance as determined in accordance with the repayment schedule in effect as of the desired liquidation date.
• Accrued Interest: In addition to the liquidation charge, interest accrued from the date of the last repayment to the desired liquidation date shall be payable by the Borrower. The accrued interest shall be calculated by prorating the next scheduled interest payment based on the number of days elapsed between the last repayment date and the desired liquidation date.
• Total Liquidation Amount: The total amount payable by the Borrower to effect full liquidation of the Loan (the "Liquidation Amount") shall comprise:
  • the outstanding principal balance.
  • the liquidation charge as specified in Clause 2;
  • the prorated accrued interest as specified in Clause 3; and
  • any other amounts due and payable by the Borrower under this Agreement as of the liquidation date.
• Effect of Liquidation: Upon full payment of the Liquidation Amount by the Borrower, all obligations under this Agreement shall be deemed satisfied in full, and the Lender shall release any security or collateral held in relation to the Loan, subject to the discharge of any other secured obligations.

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 by the 2 days after the repayment is due, 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.