Muthoot Finance Ltd

Property No. 11/82, Ground Floor, near Police Station,

Geeta Colony, New Delhi, Delhi 110031
http://muthootfinanceLtd./index.pyc
PHONE: +91-7428831341
Fax Number: 07428831341
Email: muthooth.finance@gmail.com
Email: muthooth.finance@gmail.com

Our Ref: BL678/112/05

Your Ref: LOAN
Date: 12 October 2021

LOAN TERMS AND AGREEMENT

I. Mr. Mike Morgan here by gives (Mr. Michael Ahkia Tan ) Address 5521
CRANBERRY DRIVE, FORT WORTH, TEXAS 76137, USA, the loan of
$40,000.00 USD with a monthly payment $718.75 start as from 6 months
after the receipt of funds in your bank account for a total loan term of 5 years,
making a total loan monthly payment added to the principal loan amount of
$40,000.00 USD

LOAN TERMS AND REPAYMENT SCHEDULE

* Loan Amount: --------------------- $40,000.00 USD
* Interest Rate: -----------3%
* Total Interest paid (60 months) --- $3,125.00
* Loan Duration --------------- 5 years
* Monthly Repayment: ------ $718.75
* Cumulative Payments (pay back) -- $43,125.00

(1) Applicant will start the repayment of loan at the end of the option taken by him/her
after loan has been transferred. (please note that our loan repayment start 6 months after
the loan has been transferred but if you choose to pay earlier than that, there is no
problem.

(2) Failure to pay back the loan at the expected date and period, legal action will have
taken against the applicant by our attorney immediately.

(3) Applicant who is unable to meet with the repayment will be given two months as
grace period before legal actions will be taken.

(4) The BORROWER shall be responsible for the remittance for the CHARGES
which is also known as our C.o.t Cost Transfer fee of The Loan which will be required
to enable our bank to commence on the wire transfer of the loan fund into your
designated bank account and this CHARGES cannot be added and deducted from the
loan amount because of policy of India loan approval board.

(5) You are required to be making: $718.75 at the end of every month starting after
three months when you receive the Loan. The borrower is only responsible for
registration fee, and payment associated with the establishment of a new loan, all
lenders and mortgage brokers charge a C.o.t of Cost Transfer fee, which is well required
from all borrowers to process his or her loan amount requested which is: $40,000.00
USD and C.o.t of Cost Transfer fee amount is: $799 which you have to remit as the only
payment. Before the loan can get transfer to you. And also, you can meet up with the
Yearly repayment of your loan request.

BORROWER’S DECLARATION

I ………………………………….............................. hereby declare on this day

…………… of …………………… 2021, that I have read and agreed to all the loan
terms and conditions, principles and policies enclosed in this agreement to the best of
my knowledge and hereby declare that the loan funds amounting to the sum
$40,000.00 USD to be transferred into my bank account which I will provide AND I
have also agreed to pay for the Cost OF Transfer fee of required by the LENDER to
get my loan Register and transferred into my bank account Both the 1st and 2nd parties
agree with the content of this memorandum of understanding.

Signed by: ........................ Signed by: ..............................

Mr. Michael Ahkia Tan Mr Mike Morgan
Borrower (2nd Party) Head of Administration
(C. EO)

Signed: …………………………………….
Prepared, Seal and Signed Under My Hand:
Attorney Tom West
Senior Attorney
Tom West Attorneys
Legal Counsel to 1st Party/Witness
©Copyright - 12 October 2021 India bulls Housing Finance Pvt Ltd ® All Rights Reserved.