Loan Agreement

We built the "Srei Finance" app as a free app. Welcome to our platform. We will serve as your financial backup, providing you with a trustworthy borrowing experience.

The attributes of the loan services we provide are as follows:

1. Loan Amount: 2,000-30,000 Rupees.
2. Loan Term: 92-150 days.
3. Maximum Annual Interest Rate: 12-18%.

For example, if you borrow a loan amount of 20,000 Rupees with a term of 120 days and a daily interest rate of 0.05%, then your interest will be 1,200 Rupees, and the total repayment amount will be 21,200 Rupees.

As the recipient of the loan service, the borrower's responsibilities are as follows:

1. 1. The borrower must repay the principal and interest according to the repayment schedule specified in the agreement.
2. 2. The borrower must use the loan for the purposes stipulated in the agreement and must not utilize the loan for illegal activities.
3. 3. The borrower must ensure that all information provided in the agreement is true and accurate, and must promptly notify the lender of any changes.
4. 4. The borrower must adhere to all terms and conditions of the agreement, ensuring timely repayments to maintain their creditworthiness.
5. 5. In the event of failure to repay on time, the borrower shall bear the consequences of default, including payment of default interest and penalties.

As the provider of the loan service, we pledge the following:

• 1. Srei Finance will adhere to all terms and conditions specified in the agreement and will disburse the loan amount to the borrower in one lump sum.
• 2. Srei Finance will maintain the confidentiality of the borrower's information and will not disclose it to third parties without the borrower's consent, except as required by law.

Both parties confirm their full understanding of all the provisions of this Agreement and acknowledge their respective rights and obligations.

The non-exercise of rights and responsibilities by either party does not constitute rejection or abandonment thereof.

Any changes and additions to this Agreement must be made in writing, approved by both parties, and become an integral part of this Agreement.

This Agreement becomes effective upon signature by both parties and remains valid until all obligations agreed upon by the parties have been fulfilled.

The parties acknowledge and agree that this Agreement can be signed using a digital or electronic signature, which shall be considered valid for each party. Physical signatures to this Agreement may be required in the future if necessary.

All changes and amendments to this Agreement must be in writing to be valid. The requirement of written form can only be waived in writing specifically stating the intent to amend this Agreement.

If any provision of this Agreement is or becomes wholly or partially invalid or unenforceable, it shall not affect the validity of the remaining provisions. This shall also apply if the Agreement contains any regulatory gaps. Instead of the invalid or unenforceable provision, or in order to fill the gap, a ruling shall be used that, to the extent legally permissible, most closely reflects the intentions of the parties concluding the Agreement or, considering the meaning and purpose of the Agreement, the potential intentions of the parties at the time of concluding the Agreement.