"Installment Agreement"
The Lender and the Borrower agree to and jointly abide by this agreement. Adhering to the principles of equity, voluntarism, honesty, and reputation, and in the absence of consensus, this Small Loan Agreement is signed to ensure compliance and performance by the parties.
Article 1: Loan Form — Use an unsecured ID card to request a loan.
Article 2: Premium Interest Rate — Interest rates, fines, service charges, or any fees shall not exceed 25% per year.
Article 3: Loan Tenure Obligations — pay interest promptly, repay capital on time, cooperate with the Lender, and comply with all contract terms.
Article 4: Online unsecured borrowers bear lending risk; both parties must comply with the contract; the non-compliant party pays a fine of 50% of the installment amount if no objection is raised.
Article 5: Lending — the Lender reviews legal formalities, costs, compliance, and the Borrower's financial position before granting.
Article 6: The loan may not be used for illegal activities; overdue portions incur 5% recovery on the total amount due.
Article 7: Modification or Termination — neither party may modify or terminate without permission; after modification, the Borrower repays 30% of principal and interest.
Article 8: Dispute Resolution — negotiate first; if it fails, seek mediation or bring the matter to a local court.
Article 9: Assumption of Credit Risk — the Lender assumes credit risk; borrowers may need personal accident insurance.
Article 10: Effective Date — this agreement takes effect from signing by both parties (including electronic agreements).
Lender: Credit