Common use of Loan Funding Clause in Contracts

Loan Funding. 6.1.1 On posting a listing, lender might receive requests from several registered eligible listed borrowers or can make offers to several listed borrowers. 6.1.2 The lender can lend money for a minimum period of 6 months and maximum for 36 months (3 years) at a time. The loan period must be in multiples of 6 months. However, this period is dependent on the terms of the particular borrower loan. 6.1.3 Once a borrower listing is closed on Sudha Pocket, lender's lending amount is reserved for that loan 6.1.4 On closure of borrowers listing, the final interest rate is arrived at by taking weighted average of all the interest rates offered by all selected lenders which is the returns that the lenders will get on that particular borrower loan. 6.1.5 Immediately on closing the loan offer, Sudha Pocket will liaison between lender and borrower to sign documents required to enable the transaction. After completing the legal formalities / documentation between borrower and lender including handing over of the cheque favouring borrower, loan proceeds shall be disbursed by Sudha Pocket within a period 3-5 working days into borrower’s designated deposit account. 6.1.6 If the lender fails to abide by his commitment towards disbursement of loan, his name will be delisted and he will not be allowed to carry out any transaction in Sudha Pocket portal in future. 6.1.7 All gains through Sudha Pocket are taxable and hence must be filed as per the rules.

Loan Funding. 6.1.1 On posting a listing, lender might receive requests from several registered eligible listed borrowers or can make offers to several listed borrowers. 6.1.2 The lender can lend money for a minimum period of 6 months and maximum for 36 months (3 years) at a time. The loan period must be in multiples of 6 months. However, this period is dependent on the terms of the particular borrower loan. 6.1.3 Once a borrower listing is closed on Sudha PocketBBN POCKET, lender's lending amount is reserved for that loan 6.1.4 On closure of borrowers listing, the final interest rate is arrived at by taking weighted average of all the interest rates offered by all selected lenders which is the returns that the lenders will get on that particular borrower loan. 6.1.5 Immediately on closing the loan offer, Sudha Pocket BBN POCKET will liaison between lender and borrower to sign documents required to enable the transaction. After completing the legal formalities / documentation between borrower and lender including handing over of the cheque favouring borrower, loan proceeds shall be disbursed by Sudha Pocket BBN POCKET within a period 3-5 working days into borrower’s designated deposit account. 6.1.6 If the lender fails to abide by his commitment towards disbursement of loan, his name will be delisted and he will not be allowed to carry out any transaction in Sudha Pocket BBN POCKET portal in future. 6.1.7 All gains through Sudha Pocket BBN POCKET are taxable and hence must be filed as per the rules.

Loan Funding. 6.1.1 On posting a listing, lender might receive requests from several registered eligible listed borrowers or can make offers to several listed borrowers. 6.1.2 The lender can lend money for a minimum period of 6 months and maximum for 36 months (3 years) at a time. The loan period must be in multiples of 6 months. However, this period is dependent on the terms of the particular borrower loan. 6.1.3 Once a borrower listing is closed on Sudha PocketPRIYA FINANCE, lender's lending amount is reserved for that loan 6.1.4 On closure of borrowers listing, the final interest rate is arrived at by taking weighted average of all the interest rates offered by all selected lenders which is the returns that the lenders will get on that particular borrower loanborrowerloan. 6.1.5 Immediately on closing the loan offer, Sudha Pocket PRIYA FINANCE will liaison between lender and borrower to sign documents required to enable the transaction. After completing the legal formalities / documentation between borrower and lender including handing over of the cheque favouring borrower, loan proceeds shall be disbursed by Sudha Pocket PRIYA FINANCE within a period 3-5 working days into borrower’s designated deposit account. 6.1.6 If the lender fails to abide by his commitment towards disbursement of loan, his name will be delisted and he will not be allowed to carry out any transaction in Sudha Pocket PRIYA FINANCE portal in future. 6.1.7 All gains through Sudha Pocket PRIYA FINANCE are taxable and hence must be filed as per the rules.

Loan Funding. 6.1.1 On posting a listing, lender might receive requests from several registered eligible listed borrowers or can make offers to several listed borrowers. 6.1.2 The lender can lend money for a minimum period of 6 months and maximum for 36 months (3 years) at a time. The loan period must be in multiples of 6 months. However, this period is dependent on the terms of the particular borrower loan. 6.1.3 Once a borrower listing is closed on Sudha PocketKisan Instant, lender's lending amount is reserved for that loan 6.1.4 On closure of borrowers listing, the final interest rate is arrived at by taking weighted average of all the interest rates offered by all selected lenders which is the returns that the lenders will get on that particular borrower loan. 6.1.5 Immediately on closing the loan offer, Sudha Pocket Kisan Instant will liaison between lender and borrower to sign documents required to enable the transaction. After completing the legal formalities / documentation between borrower and lender including handing over of the cheque favouring borrower, loan proceeds shall be disbursed by Sudha Pocket Kisan Instant within a period 3-5 working days into borrower’s designated deposit account. 6.1.6 If the lender fails to abide by his commitment towards disbursement of loan, his name will be delisted and he will not be allowed to carry out any transaction in Sudha Pocket Kisan Instant portal in future. 6.1.7 All gains through Sudha Pocket Kisan Instant are taxable and hence must be filed as per the rules.