@php use App\Http\Controllers\GlobalMethods as SuperM; $management = $offer->more->amount * ($offer->more->management_fee / 100); $processing = $offer->more->amount * ($offer->more->processing_fee / 100); $interest_monthly = $offer->more->amount * ($offer->more->interest / 100); $montlyRepay = $offer->more->amount / $offer->more->tenor; $principal_repay = $offer->more->amount / $offer->more->tenor; $deduct = ($management + $processing) / ($offer->more->tenor * 1); $todisburse = $offer->more->amount; $totalRepay = $montlyRepay + $interest_monthly + $deduct; $dten = $offer->more->tenor * 1; $deductMonth = 0; @endphp
{{ date('F d, Y') }}.

{{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }}

{{ strtoupper($loan->more->account_info->home_address) }}

Sir,

OFFER OF N{{ number_format($offer->more->amount, 2) }} LOAN FACILITY

The management of MONEYTRUST MFB LIMITED (the Company) has hereinafter approved an offer of a loan facility to you {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }} (The Borrower) hereinafter under the following terms and conditions:

SUMMARY OF TERMS AND CONDITIONS

LENDER MONEYTRUST MFB LIMITED
BORROWER {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }}
LOAN AMOUNT N{{ number_format($offer->more->amount, 2) }}
TENURE {{ $offer->more->tenor }} Months
INTEREST RATE {{ $offer->more->interest }}% PER MONTH
FEES (Upfront fees) {{ $offer->more->processing_fee + $offer->more->management_fee }}% (Capitalized)
PERIOD {{ date('F d, Y', strtotime($offer->updated_at)) }} - {{ date('F', strtotime(SuperM::getTenorLastDay($offer->more->tenor - $deductMonth, $offer->updated_at))) }} {{ SuperM::getRepayDate($offer->more->pay_date, SuperM::getTenorLastDay($offer->more->tenor - $deductMonth, $offer->updated_at)) }}, {{ date('Y', strtotime(SuperM::getTenorLastDay($offer->more->tenor - $deductMonth, $offer->updated_at))) }}
FIRST REPAYMENT DATE {{ date('F', strtotime(SuperM::getTenorLastDay(1 - $deductMonth, $offer->updated_at))) }} {{ SuperM::getRepayDate($offer->more->pay_date, SuperM::getTenorLastDay(1 - $deductMonth, $offer->updated_at)) }}, {{ date('Y', strtotime(SuperM::getTenorLastDay(1 - $deductMonth, $offer->updated_at))) }}
FINAL REPAYMENT DATE {{ date('F', strtotime(SuperM::getTenorLastDay($offer->more->tenor - $deductMonth, $offer->updated_at))) }} {{ SuperM::getRepayDate($offer->more->pay_date, SuperM::getTenorLastDay($offer->more->tenor - $deductMonth, $offer->updated_at)) }}, {{ date('Y', strtotime(SuperM::getTenorLastDay($offer->more->tenor - $deductMonth, $offer->updated_at))) }}
MONTHLY INSTALLMENT N{{ number_format($totalRepay, 2) }}
EXPECTED DISBURSEMENT N{{ number_format($todisburse, 2) }}


MEMORANDUM OF ACCEPTANCE

@if ($offer->signature != null) I {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


Sign
Date {{ date('d/m/Y', strtotime($offer->signature->created_at)) }}
@else I {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


Sign ...........................................
Date {{ date('d/m/Y', strtotime($offer->updated_at)) }}
@endif









LOAN TERMS AND CONDITIONS

Conditions Precedent to Draw-Down
Following your decision to obtain Credit Facility from COMPANY, here are the conditions in the agreement, that are precedent to this;
  1. Receipt of Borrower's completed Application Letter for the Loan facility and other supporting documents.
  2. Acceptance of the terms and conditions of the offer as contained herein.
Other Conditions
  1. Advance and Repayment
    1. COMPANY agrees to advance the Credit facility, and the Borrower agrees to take the Credit Facility to the Terms and Conditions as set out in the Application Form and also herein in this Terms and Conditions Document.
    2. The borrower agrees to repay COMPANY's Facility (principal plus accrued interest) in accordance with the Terms and Conditions of this Document.
    3. The Borrower hereby covenants to promptly supply all materials information and such documents, including but not limited to the company bank statement, which the Company may require from time-to-time to access the continued worthiness of the Borrower.
    4. The debt obligation created as a result of this facility shall not be subordinated to any outstanding or future obligations of the Borrower.
    5. If the Borrower intends to liquidate the facility before the end of the loan period, the borrower is to pay up the outstanding principal, the full interest for the current month, and a pre-liquidation charge of 2.5% on the outstanding total principal outstanding.
    6. Where the date for the repayment installment falls on a non-business day, the payment becomes due on the proceeding business day
  2. Representation and Warranties
    The borrower represents and warrants to the Company that:
    1. There has to be no material adverse change in the Borrower's financial position as represented to the Company prior to the signing of this offer letter.
    2. There is no litigation or administrative proceeding pending against the Borrower that would substantially affect the financial position of the Borrower or their ability to carry on her normal his/her normal business.
    3. The Borrower is not in default under any obligation in respect of any borrowed money and that the execution and performance of this loan obligation will not be or result in a breach of or default under any provision of any agreement to which the Borrower is a party
    @if ($offer->signature != null) I {{ strtoupper($loan->more->account_info->name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


    Sign
    Date {{ date('d/m/Y', strtotime($offer->signature->created_at)) }}
    @else I {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


    Sign ...........................................
    Date {{ date('d/m/Y', strtotime($offer->updated_at)) }}
    @endif




  3. Events of defaults
    The occurence of any of the following shall cause all outstanding amounts this facility become immediately due and payable
    1. The Borrower fails to make a repayment or payment of principal, interest or other amount in respect of the Credit Facility on the date it was due to be paid.
    2. If the Borrower defaults in the performance or the observance of any term, condition or covenant herein and such breach or default continues un-remedied after fourteen day’s notice has been given.
    3. If the Borrower’s creditors obtain a court order or injunction against the Borrower’s accounts
    4. Default on the interest payment upon falling due would attract compound interest of {{ $offer->default_charge }}% flaton total outstanding debt; inclusive of principal, loan interest and accrued default charges
    5. Where the obligor fails to pay a rental by the due date, COMPANY reserves the right to recall the facility.
    6. The Borrower hereby undertakes to bear all costs and expenses incurred by the Company for the recovery of the loan sum in the event of default.
    7. COMPANY at any time within the tenure of the facility or until the facility is liquidated can write, involve a third party with the sole purpose of recovering its money.
    8. COMPANY reserves the right to reach out to any of your family, friends, colleagues, acquaintances and relatives (contacts), notifying them about your obligations, if you are defaulting in your loan repayment and not responsive and/or abiding to the terms of this agreement.
    9. COMPANY reserves the right to use every legal means possible to recover this loan, which include the use of third party.
  4. Failure or Delay not waived
    1. No failure to excercise no delay in exercising on the part of the Company, any right, power or priviledge herein shall operate as a waiver thereof, nor shall any single or partial excercise of the same preclude any other or further exercise therefof or the exercise of any right, power or priviledge or the right or remedies of the company provided by law.
  5. Assignment
    1. This Offer Letter shall be binding upon the Borrower as well as his respective heirs and assign such that the Borrower shall not assign or transfer its rights or obligations hereunder.
      Kindly signify your acceptance of this offer by signing and returning the counterpart copy of this letter to the Company. This offer is open for acceptance within 2days of the date of the offer after which it shall lapse
Yours Faithfully,
For: MONEYTRUST MFB LIMITED

------------------------------------
AUTHORIZED SIGNATORY



-------------------------------------
AUTHORIZED SIGNATORY





  1. Upon completion of loan tenure customers are respected to request for their letter of Non-indebtedness and for their repayment channels deactivated with their cheques returned where applicable.
  2. COMPANY would no longer be held liable for safekeeping of cheques one month after the loan has been fully repaid.


@if ($offer->signature != null) I {{ strtoupper($loan->more->account_info->name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


Sign
Date {{ date('d/m/Y', strtotime($offer->signature->created_at)) }}
@else I {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


Sign ...........................................
Date {{ date('d/m/Y', strtotime($offer->updated_at)) }}
@endif



LETTER OF ACKNOWLEDGEMENT

@if ($offer->signature != null) I {{ strtoupper($loan->more->account_info->name) }} a staff of {{ strtoupper($offer->more->employer) }} Hereby undertake to pay the monthly rental as captured beow until i fully liquidate my indebtedness, failing which I authorize COMPANY to inform my employers and the payment of the debt should be deducted from my salary forthwith.

@else I {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }} a staff of {{ strtoupper($offer->more->employer) }} Hereby undertake to pay the monthly rental as captured beow until i fully liquidate my indebtedness, failing which I authorize COMPANY to inform my employers and the payment of the debt should be deducted from my salary forthwith.

@endif @for ($i = 0; $i < $offer->more->tenor; $i++) @endfor
Repayment Date Total Monthy Installment
{{ $i + 1 }} @if ($i == 0) {{-- @if ($dpro > 0 && $dten < 2) {{ date('d-M-Y', strtotime($ddifm)) }} @else --}} {{ SuperM::getRepayDate($offer->more->pay_date, SuperM::getTenorLastDay(1 - $deductMonth, $offer->updated_at)) }}-{{ date('M', strtotime(SuperM::getTenorLastDay(1 - $deductMonth, $offer->updated_at))) }}-{{ date('Y', strtotime(SuperM::getTenorLastDay(1, $offer->updated_at))) }} {{-- @endif --}} @else {{ SuperM::getRepayDate($offer->more->pay_date, SuperM::getTenorLastDay($i - $deductMonth, $offer->updated_at)) }}-{{ ucwords(date('M', strtotime(SuperM::getTenorLastDay($i + 1 - $deductMonth, $offer->updated_at)))) }}- @if ($i > 0) @if (ucwords(date('M', strtotime(SuperM::getTenorLastDay($i + 1 - $deductMonth, $offer->updated_at)))) == 'Jan') {{ date('Y', strtotime(SuperM::getTenorLastDay($i + 1 - $deductMonth, $offer->updated_at))) }} @else {{ date('Y', strtotime(SuperM::getTenorLastDay($i, $offer->updated_at))) }} @endif @else {{ date('Y') }} @endif @endif {{ number_format($totalRepay, 2) }}



@if ($offer->signature != null) I {{ strtoupper($loan->more->account_info->name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


Sign
Date {{ date('d/m/Y', strtotime($offer->signature->created_at)) }}
@else I {{ strtoupper($loan->more->account_info->first_name) }} {{ strtoupper($loan->more->account_info->other_name) }} {{ strtoupper($loan->more->account_info->last_name) }} hereby, unconditionally as i have read and understood the terms with total clarity.


Sign ...........................................
Date {{ date('d/m/Y', strtotime($offer->updated_at)) }}
@endif