Proposed Loan Amount definition
Proposed Loan Amount is a value or amount of the loan submitted by the Borrower through the Platform based on the options provided by the Company as specified in the Platform. "Loan Terms" is the period for the Borrower to repay the Loan. "Borrower Bank Account" is a bank account that is stated by the Borrower on the Platform when applying for a Loan. "Maturity Date" is the last date of the Loan Terms in which the Borrower has to repay the Loan to the Lender which otherwise would result in the Penalty being granted. "Penalty" is the fine imposed on the Borrower for repayment of the Loan which has passed the Loan Period agreed in this Loan Agreement.
Proposed Loan Amount means the proposed amount of the Loan to be made set forth in the Proposed Utilisation Notice.