LOAN TERMS

# Loan Policy ## Purpose

The purpose of this policy is to provide guidelines for lending funds to our customers who are investing on MS Corporate Plan 2 and above.

## Eligibility

To be eligible for a loan from our company, the customer must meet the following criteria:

- Have an active Plan 2 investment with our company for at least 3 months. - Have a good payment history with no overdue or defaulted payments. - Have a satisfactory credit score and income level as determined by our credit assessment process. - Agree to use the loan funds for business purposes only and not for personal or illegal activities.

## Loan Terms

The loan terms will vary depending on the amount, purpose, and duration of the loan. The general terms are as follows:

- The minimum loan amount is $5,000 and the maximum loan amount is $1,000,000. - The loan term can range from 12 to 60 months, depending on the loan amount and the customer's repayment capacity. - The interest rate will be fixed for the duration of the loan and will be based on the prevailing market rate and the customer's credit profile. - The loan will be repaid in equal monthly installments through automatic deductions from the customer's account. - The loan will be secured by a lien on the customer's Plan 2 subscription and any other collateral that may be required by our company.

## Loan Application and Approval Process

The customer can apply for a loan by filling out an online application form on our website or by contacting our customer service representatives. The customer will need to provide the following information and documents:

- Personal and business details, such as name, address, phone number, email, business name, type, and location. - Plan 2 subscription details, such as account number, start date, and payment history. - Loan request details, such as amount, purpose, and term. - Financial information, such as income, expenses, assets, liabilities, and tax returns. - Credit information, such as credit score, credit history, and credit references. - Collateral information, such as description, value, and ownership of the collateral.

Our company will review the loan application and conduct a credit assessment to determine the customer's eligibility and loan terms. We will notify the customer of the loan decision within 10 business days of receiving the complete application. If the loan is approved, we will send the customer a loan agreement that outlines the loan terms and conditions. The customer will need to sign and return the loan agreement within 15 days of receiving it. We will then disburse the loan funds to the customer's bank account within five business days of receiving the signed loan agreement.

## Loan Monitoring and Servicing

Our company will monitor the customer's loan performance and Plan 2 subscription status throughout the loan term. The customer will need to comply with the following obligations:

- Make timely and full loan payments as per the loan agreement. - Maintain an active and valid Plan 2 subscription with our company and pay the subscription fees as per the subscription agreement. - Inform our company of any changes in personal, business, or financial circumstances that may affect the loan repayment or the Plan 2 subscription. - Cooperate with our company in case of any loan issues, such as late payments, defaults, or disputes.

Our company will provide the customer with regular loan statements and reminders. We will also offer the customer support and assistance in case of any loan queries or concerns. We will report the customer's loan activity to the credit bureaus and take appropriate actions in case of any loan delinquencies or defaults.

## Policy Review and Amendment This policy is subject to periodic review and amendment by our company. We will notify the customer of any changes in the policy that may affect the customer's loan or Plan 2 subscription. The customer will need to abide by the updated policy as per the loan and subscription agreements.

--- I hope this template helps you write your loan policy. Please note that this is only a draft and not a legal document. You may need to consult a lawyer or a financial expert before finalizing your policy. Thank you for choosing our company for your Plan 2 subscription and loan needs. 😊.