3. Loan period: This loan is valid for a period of three months calculated from the date of the agreement. A personal loan is a sum of money that is borrowed by an individual and can be used for any purpose. The borrower is responsible for repaying the lender, plus interest. Interest is the cost of a loan and is calculated annually. Interest: The borrower is required to pay interest of 12 per cent (%) to pay each year the “interest” to be paid at the same time as the principal amount of the loan at the end of the loan period. Unlike commercial or automobile loans, whose terms dictate the use of funds, personal funds can be used by the borrower for any purpose. PLEASE THE FOLLOWING TERMS OF YOUR PERSONAL PRESOR CONTRACT (the “Contract”) as well as the terms of the personal loan agreement and the terms of your loan loan (together the “Conditions”) for PERSONAL loans of WELEND LIMITED. This Agreement and the KEY TERMS OF PERSONAL LOAN AGREEMENT and the terms and conditions of sale do not become binding and are ineffective, unless WELEND LIMITED (the “Company”) confirms no later than the third business day (as defined below) after the date of this agreement that you have passed the company`s credit checks (this provision is at the sole discretion of the entity). After approval and final confirmation of your credit application (“Definitive Confirmation”) by WELEND LIMITED, the terms and conditions of sale constitute a binding agreement between you and the Entity. By completing your LOAN APPLICATION and submitting your LOAN REQUEST, you agree to obtain the Company`s loan on terms and conditions, subject to the final confirmation and acceptance of the company.
You are not allowed to withdraw your LOAN APPLICATION as soon as the loan amount has been paid in accordance with the payment plan. In order to avoid any doubt, if the loan income is to be paid by cheque, to the extent that the cheques were provided by the company in accordance with the payment plan, you are required to repay the business in accordance with the terms and conditions, regardless of whether such cheques were deposited or not.