Pacific West Financial Group
90 Elizabeth St, Brisbane QLD 4000, Australia
Phone Number: +61 4888 97387
Email:
PacificWestFinancialGroup@pacificwest.comLOAN CONTRACT AGREEMENT
BETWEEN
PACIFIC WEST FINANCIAL GROUP
(THE “LENDER”)
AND
..........................................
(THE “BORROWER”)
THIS LOAN AGREEMENT is made this ______ Day of ____________, 2022.
BETWEEN
Pacific West Financial Group, of 90 Elizabeth St, Brisbane City QLD 4000, Australia,
hereinafter referred to as the “LENDER” which expression shall where the context so
admits include his heirs, assigns, successors-in-title and personal representatives of the
one part.
AND
................................................ of ................................................ ,
hereinafter referred to as the “BORROWER” which expression shall where the context so
admits include his heirs, successors-in-title and personal representatives of the other part.
WHEREAS:
1. The Borrower herein shall become the approved beneficial owner authorized to
take possession of the Loan Funds, scheduled for investment into Agriculture,
Construction, restaurant, employee payment, Clients relationship, as obliged by the
Lender.
2. The Lender as original owner of the Funds has agreed to assign and transfer the
ownership of the Funds for investment purposes to the Borrower
(...................................................) subject to the contents and stipulations of this
LOAN Agreement.
3. The Borrower requests Loan Amount of US$...................................... United States
Dollars and the Lender has agreed to convey to the Borrower, all ownership rights and
privileges to the mentioned Funds for investments; for a maximum repayment period of
Ten (10) years, for the borrower to faithfully complete repayment of the Loan Funds.
TRANSACTION PROCEDURE
1. Borrower on his part execute by signing this Loan Contract otherwise known as
Memorandum of Understanding which shall in turn become a commercial recourse
contract.
2. Upon appropriate review and acceptance of borrower’s application, the Lending
Company countersigns this MOU and lodge the same with our bank. NO communication
is allowed between Lender and Borrower banks. Any unsolicited communication(s)
without our written consent at this point renders contract null and void. The loan
legalities are essential to guarantee the security of Loan Funds between lender and
borrower, which must be perfectly handled by lender’s attorney and the affordable cost is
based on the contract amount.
3. This non-recourse loan will be legally processed and transferred into borrower’s
receiving bank account within 48 hours of receiving the endorsed loan agreement from
the borrower for official countersigning; borrower must provide the required information
completely as officially stipulated in this loan agreement, for official findings and to
guarantee legal transmission of loan funds into borrower’s receiving bank account.
4. Borrowers are securing loans successfully / conclusively within two working days
MT103 Bank Wire Transfer. Borrowers must provide vital information required by the
Lender to officially guarantee the security of Loan Funds, thereby enhancing immediate
release of approved loan funds to the borrower
NOW THIS LOAN AGREEMENT WITNESSETH AS FOLLOWS:-
(1) Following this agreement and in consideration of the sum of (US$...........................)
which shall be transferred via MT103 bank wire transfer to the borrower, for the
furtherance of the investment purposes as agreed and authorized by the Lender.
(2) The Lender as the original OWNER of the Funds, assign and transfer to the
Borrower (..............................................................), ALL LEGAL Rights of
ownership of the ($................................................ US Dollars), TO HOLD same unto and
for the use of the Borrower, to which the borrower must comply with the terms of 2%
interest rate payable to the Lender (Pacific West Financial Group) on yearly basis.
(3) The said transfer of ownership is deemed complete and the Lender’s rights and
interest in the US$......................................... For the benefits are hereby vested on the
Borrower, to carry out his proposed investments.
THE LENDER HEREBY COVENANTS WITH THE BORROWER AS FOLLOWS:-
(a) The Borrower shall have absolute possession of the Funds which shall be transferred
the Borrower through the Lender’s bank. The Borrower shall be privileged to access the
Loan Funds immediately the transfer is completed.
(b) The Borrower shall peaceably hold, invest and ensure profitable use of the loan
Funds, with faithfulness to this Agreement which stipulates yearly interests of 2%
payable to the Lender starting from the second year, after the Loan-Fund is transferred to
the Borrower’s bank account. The borrower shall make the first payment of the yearly
interest of 2% at the end of the second year.
(c) The Lender shall freely release the loan Funds to the Borrower and allow the
Borrower to handle and invest the total amount without any interruption or hindrance
from the Lender, or any other person claiming through, under or in trust for the Lender.
Terms of this Agreement are legally enforceable and binding on both the Lender and the
Borrower.
(d) If brokers are involved, they are entitled to total of 1% value from the principal loan
which is remitted to brokers alongside borrower’s value.
VARIATIONS
The Board of Directors and Financial Auditors of Pacific West Financial Group hereby
agree that there will be NO variations in the interest rates within the Ten (10) years
period of this Loan.
WAIVER
No waiver by the Lender (Pacific West Financial Group) shall be effective unless it is in
writing, and jointly agreed with the Borrower (...................................................)
DEFAULT INDEMITY
If the Borrower fails to pay any sum (of principal interest or otherwise) due or to become
due in accordance with the yearly interest of 2% in this Agreement, the Borrower shall be
liable to a penalty fee of 1% flat per year until the loan is fully paid. This fee shall be
charged on the first working day after the sum is due. Borrower shall not defer or change
the tenor of loan, otherwise known as the repayment period of Ten (10) years, without the
express written consent of the Lender.
VALIDITY CLAUSE
As mark of acceptance of these terms and conditions, the Borrower must sign the copy of
this AGREEMENT and return same to the Lender. By signing this agreement, both the
borrower and lender shall uphold the contractual terms and conditions in the agreement.
Hence, the borrower will receive the $..................................................... US Dollars in his
nominated receiving information.
BORROWER’S INFORMATION TO RECEIVE APPROVED LOAN AMOUNT
Bank Name : ................................
Bank Address: ................................
Beneficiary Name: ...........................
Beneficiary Address: ........................
Account Number: ...........................
Routing No: ..................................
Swift Code: ...................................
IBAN No: .....................................
Beneficiary Cell Phone No:.................
Beneficiary WhatsApp No:.................
Beneficiary Bitcoin Wallet:.................
Attach your current statement of account.
Attach your CIS and your valid Identity.
THE ABOVE BORROWER’S BANKING INFORMATION WILL BE FULLY
VERIFIED BY LENDER’S BANK AND ACCREDITED ATTORNEY.
IN WITNESS WHEREOF, the parties hereto have hereunto set their
respective hands and seals the day, month and year first above
written.
SIGNED, SEALED AND DELIVERED
By the within named “LENDER”
Name Blue Ink: ........................................ ................................
Name Signature
In The Presence As WITNESS Name:
Signature / Position: ____________________________________
AND
SIGNED, SEALED AND DELIVERED
By the within named “Borrower”
Name Blue Ink: ........................................ ................................
Name Signature
In The Presence As WITNESS Name:
Position / Occupation:
Signature: ___________________________________