Loan Process Sample Clauses
The Loan Process clause outlines the steps and requirements involved in obtaining, processing, and disbursing a loan under the agreement. It typically details the application procedure, documentation needed from the borrower, timelines for approval, and the conditions that must be met before funds are released. By clearly defining these procedures, the clause ensures both parties understand their obligations and helps prevent misunderstandings or delays in the loan transaction.
Loan Process. If Loan is preliminarily approved by Lender (pending the Applicant 's electronic signature on the loan documents (“Loan Documents”), the Lender populates and electronically generates Loan Documents with appropriate Applicant and Loan information.
Loan Process. The Buyer(s) hereby gives the Seller(s) permission to monitor the loan process.
Loan Process. When you apply for a Loan, you should consider whether you require any Optional Service as part of taking out the Loan. The Website will have details of the Optional Services that are offered, their terms and conditions, and their costs.
Loan Process. 1. The selection of the business idea will be done by the LEDAs.
2. Technical assistance will be offered to the beneficiaries for the elaboration of the business plan as per the sample agreed (Annex 5 – Business plan sample) with the Bank from the LEDA.
3. The elaborated business plan will be handover to the bank from the LEDAs.
4. All the business plans will be cleared by UNOPS assigned staff.
Loan Process. The parties shall cooperate in good faith using diligent commercially reasonable efforts to obtain the Loan Modification as set forth in Article VI.
Loan Process. All loans availed by you through the Platform will also be governed by the applicable [sanction letter, loan documentation, security documentation] and such other documents as may be executed with respect to such loan. You will be required to issue appropriate auto-debit instructions for your bank account to repay the loan amount, prior to disbursal. These cannot be changed or cancelled during the term of the loan. [The Platform may display the details of the EMI, including the due date and amount payable, as well as whether your payment was received or not, from time to time]. Please note that a copy of your sanction letter with key fact statement, loan agreement, privacy policy, due dates for payment of EMIs, amount of EMI due, manual repayment of EMI and other updates on your loan are provided by us through the App and a digitally signed soft copy will also be sent via SMS bity link or email to the email ID provided by you on the App. Given these reasons and for facilitating a seamless digital lending journey you are advised not to remove the App from your mobile device until the loan has been repaid in full. In case you need to remove the App from your mobile device, please write to us at ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇. The customer support team will reach out to help you with this. Please note, however, that fraudulent deletion of the App with an intention to avoid repayment of the loan shall amount to a material breach of this Agreement.
Loan Process. If the Loan is preliminarily approved by Lender, the Approved Applicant has 10 calendar days to accept the Line of Credit, which establishes the now Customer’s Account.