This Loan Agreement (hereinafter referred to as Agreement or as Loan Agreement)
is the Agreement entered into by Quanloop Limited Partnership Fund (hereinafter
referred to as Quanloop), and an Investor who has started to use the Platform
according to the General Terms & Conditions of Quanloop published on this Platform
(hereinafter referred to as Investor). The object of this Agreement is the
collection of short-term loans regularly given by the Investor to Quanloop in the
extent of the money invested in the Quanloop by the Investor, where each short-term
loan is for a term of twenty-four (24) hours for re-lending (hereinafter referred to
as Loan). The Investor enters into the Agreement as outlined in this Agreement, and
each short-term Loan is concluded under the same Agreement in which the Investor has
given its consent to use the money transferred from the Investor’s bank account to
Quanloop clients’ account (i.e. in the extent of the credit line) as outlined in
this Agreement.
This Loan Agreement is entered into by accurately registering on the Platform,
passing the identification process (KYC, AML, etc.) and correctly transferring money
to Quanloop client’s bank account referring to a unique identification code given by
Quanloop.
The terms of this Loan Agreement must be implemented together with the General
Terms & Conditions of Quanloop, the Quanloop Cashback reward program terms, the
Quanloop Referral terms and other terms that all are an integral part of the
Agreement published on the Platform. Any such relations between the Investor and
Quanloop which are not regulated by the Agreement are subject to the General Terms &
Conditions or other legal documentation published on the Platform and Estonian law.
Regardless of the residence, location or venue of the Investor (or an
intermediate they would use to invest money) the place of the fulfilment for all
contractual performances of the Agreement is the Republic of Estonia. Any reference
in the Agreement to a specific time shall refer to the time in the Estonian time
zone (UTC +3 EEST/UTC +2 EET). The process of borrowing the money, returning the
money and withdrawal of the money takes place in the Republic of Estonia. Any
question or situation not covered by this Agreement should be resolved by following
the legal documentation published on the Platform and Estonian law.
Quanloop confirms that:
entry into the Agreement and performance of the obligations set out therein is
not in
conflict with any law, Quanloop’s incorporation, or other documents, or other
agreements
entered into by Quanloop;
Quanloop has duly followed the laws and regulations applicable to Quanloop (among
other things, the Quanloop is in possession of the activity licences required for
their operation), and that Quanloop has followed sound business practices in its
activities;
Quanloop has complied with all environmental protection laws and restrictions
which are directly or indirectly related to the discharge of contamination,
pollution, waste, toxic, or hazardous substances into the environment, or the
liquidation thereof on a plot of land that is owned or otherwise used by Quanloop.
To the best of Quanloop’s knowledge, no such environmental protection requirements
have been or are in the process of being established, the compliance with which
would jeopardise the fulfilment of obligations arising from the Agreement.
The Investor confirms that:
it has provided timely and correct information to Quanloop;
the source of the money it has transferred to Quanloop clients’ bank account is
legal, and it has all the rights to use this money;
it has sufficient knowledge of lending and borrowing law, business practices, and
risks;
it has read all the materials on the Platform and understands the risks that may
arise from lending to Quanloop;
the money it has transferred to Quanloop clients’ bank account is not sourced
from their daily family budget, nor legal entity daily business activities as delay
in the return of the money would lead to unpredictable losses to the Investor’s
family or business.
Quanloop authorisation
The Investor allows Quanloop to keep the Investor’s money in the Quanloop
clients’ bank account. The money is held in the Quanloop clients’ bank account free
of charge.
The Investor limits Quanloop from operating with its money other than for the
purpose
of lending the money to Quanloop;
The Investor authorises Quanloop to take money from its account in order to lend
it to Quanloop. The money should be taken by one (€1) Euro, making such a list of
separate loan agreements to finance the primary demand published as Partner Credit.
The money taken to finance the Loan should correspond to the loan-to-value (LTV)
rate-based risk plan and the interest rate of the Loan Agreement is the current
interest rate that the Investor has outlined in its Portfolio preferences.
Borrowing money and Repayment and Withdrawal. Other Payments
Quanloop can borrow money from the Investor at least once a day.
The term of each Loan under the Agreement is always one (1) calendar day, which
is twenty-four (24) hours.
Quanloop operates only in the euro currency. The Investor is obliged to make sure
that they top up their balance in EUR. Otherwise, a foreign transaction fee may
apply. Quanloop is not liable for any additional costs that may arise to the
Investor due to the use of other currencies.
Quanloop does not accept money online on the Platform. All the investors have to
transfer their funds using SEPA payments to the IBAN account indicated on the ‘Your
portfolio’ page of the website or the ‘Top up Quanloop balance’ screen in the mobile
App upon authentication.
The necessary prerequisite for any payment or repayment or withdrawal of the
money to the Investor under the Loan Agreement or other documents published on the
Platform is proper personal information (including personal IBAN account number)
which has to be available on Investor’s Quanloop account.
Quanloop considers that the Investor fully understands the risks of lending
money; otherwise, the Investor would have informed Quanloop to the contrary.
The Loan is repaid on the day following the date of the Loan term under the
General Terms and Conditions.
If an Investor asks to withdraw money, Quanloop will withdraw money into the most
recent account of the Investor under the General Terms and Conditions.
Calculation and Payment of Interest
The interest is calculated based on the actual number of calendar days in the
current month and the exact number of calendar days in the current year.
The interest calculation starts from the moment the Loan is taken.
Interest is repaid automatically on the 15th (fifteenth) calendar date of the
following calendar month.
Calculation and Payment of Interest on Delay
If the Investor withdraws money which is locked in a Loan and should be repaid
during the following calendar day, but due to the low liquidity of the capital on
the Platform the Loan is not repaid during the next calendar day, the Investor is
paid extra interest.
The Investor is paid extra interest only for the full day of delay.
The rate of the extra interest is two (2%) per cent annualised, which is in
addition
to the current interest set forth by the Investor.
To calculate the daily extra interest, the Investor should divide two (2%) per
cent
annualised by the current number of days in this calendar year.
Obligations of the Parties
Quanloop undertakes to use the Loan Principal for the indicated purpose set out
in the General Terms & Conditions of Quanloop.
If Quanloop violates any of the obligations specified in the Agreement or the
Investor becomes aware of a possible violation of the obligations specified in the
Agreement, the Investor is entitled to demand the information from Quanloop
regarding the breach or the use of the Loan Principal. Quanloop undertakes to submit
the answer within ten (10) working days of the receipt of such a request from the
Investor. Quanloop shall not be responsible for exceeding the time limit if the
submission of the proper answer is not possible within the time limit for reasons
attributable to the Investor (e.g. inaccurate contact information).
Quanloop informs the Lender within five (5) working days if:
there are changes in Quanloop's contact information (mailing address,
e-mail
address, telephone numbers);
Quanloop has filed a petition with the court for the initiation of its
reorganisation proceedings;
Quanloop or a Third Party has filed a petition with the court for a
declaration of bankruptcy of Quanloop;
Quanloop's competent management body has decided on the
establishment/acquisition of a subsidiary or affiliated company;
events occur that jeopardise the proper performance of the General Terms
&
Conditions by Quanloop (including filing a tax claim against Quanloop, for
the
deferral of which Quanloop has failed to reach an agreement with the tax
authority, or filing a claim concerning environmental protection, or in the
case
of Quanloop's property expropriation, seizure, or confiscation, or in case
of
the occurrence of other circumstances that affect Quanloop's solvency);
any of Quanloop's confirmations outlined in section 2 of the Agreement
turn out to be untruthful.
Each party undertakes not to transfer their rights and obligations arising from
the Agreement to any third parties without the prior written consent of the other
party.
Quanloop and the Investor shall carry out their obligations properly, in good
faith, and with reasonable care, and following established practices.
Quanloop and the Investor shall be liable for any failure or improper performance
of
their obligations.
The parties shall not be liable for breach of obligation if it is caused by force
majeure. Force majeure shall include circumstances beyond the control of the
obligated party, including unlawful interference by a third party with third parties
(e.g. bomb threat, bank robbery, etc.) as well as other events beyond the party's
control (e.g. strike, moratorium, power outage, activities, etc.).
Quanloop is not responsible for the services or information provided by third
parties, nor for indirect losses (e.g. loss of profit, etc.) or non-material damage
incurred by the Investor.
Quanloop shall not be liable for any loss or damage arising from changes in
foreign exchange, securities, or other investment risks.
Quanloop shall not be liable for damage caused by Quanloop's ignorance of the
capacity of a legal person or of the capacity of a natural person.
Quanloop is liable for damage if Quanloop's intent causes it unless otherwise
stipulated by law.
The full range of liability of Quanloop concerning one Investor is limited to the
amount of the money invested in the Quanloop by the Investor. If the Investor has
any claims regarding the fulfilment of the Agreement, the Investor is obliged to
present them to Quanloop immediately, but not later than within thirty (30) working
days counting from the date when the Investor became aware or should have become
aware of such claim.
The Investor is obligated to ensure that its information (contact information,
bank account information, information regarding the right of representation, etc.)
indicated in the Agreement is timely and correct during the validity of the
Agreement. The Investor is obliged to confirm the accuracy of the information if
Quanloop asks such confirmation. Quanloop is not responsible for any loss or damage
arising from the incorrect information (including the absence of the data) provided
by the Investor.
The Investor shall be solely liable for damage caused by giving access to its
mail account or bank account or other information regarding the Agreement and
fulfilment of the Agreement to third parties.
The Investor shall indemnify Quanloop for any loss incurred as a result of
misrepresentation, failure to report or failure to make such changes as required.
Modification of the Agreement. Termination of the Agreement
The Investor has the right to change its Portfolio preferences at any time. New
interest rates and investment budgets will come into force with the next Loan.
Quanloop has the right to refuse to borrow the money, to withdraw the money and
to terminate the Agreement without prior notice:
if the Investor does not provide a proper personal IBAN account number or
other information, including if the Investor does not inform of the change
of
its data or does not confirm its information when Quanloop requires
confirmation;
if a justified suspicion arises that the money transferred by the
Investor to
the Quanloop clients’ bank account is not legal or any of Investor’s
confirmations outlined in section 3 of the Agreement may be untruthful;
Quanloop receives credible information that the Investor is dead or
terminated;
if another situation occurs where Quanloop cannot reasonably be expected
to
continue performing the Agreement taking into account all the circumstances
and
the mutual interests of the Parties.
Quanloop shall notify the Investor of the termination of the Agreement.
Other Terms & Conditions
Disputes arising from the Agreement are resolved by agreement of the Parties.
Upon
failure to reach an agreement, the dispute is settled in Harju County Court. The
Agreement is subject to the laws of the Republic of Estonia.
Agreement-related notices, consents, approvals, etc. are prepared and sent to the
other Party or the Party’s representative to the e-mail address indicated in the
Agreement.
The Parties have agreed that any obligation to notify the Investor is correctly
accomplished when Quanloop has sent the appropriate information to the Investor’s or
its representative’s e-mail address indicated in the Agreement under the account
information. The Investor understands that if they hide their e-mail address (by
using a software, program or service that protects Investor’s e-mail) while setting
up their Quanloop account, the Investor may fail to receive e-mails from Quanloop.
The Investor is solely and entirely responsible that the information it has used to
set up an account on the Platform is accurate. The Parties have agreed that any
obligation to obtain the (prior) consent of the Investor is properly fulfilled when
Quanloop has sent the information about the matters regarding the consent and the
consent requirement to the Investor’s or its representative’s e-mail address
indicated in the Agreement and the Investor has not expressly stated to Quanloop
within the prescribed period that the Investor does not agree to continue the
Agreement or does not give its consent. In any case, the e-mail sent by Quanloop is
deemed to be received by the recipient of the e-mail when three days have passed
from sending the e-mail.
The Agreement comes into force upon the first borrowing of money through the
authorised lending by the Parties, and it will remain valid until the last payment
of the proprietary obligations, calculated interest on arrears, and unpaid charges
of the last Loan to the Investor by Quanloop.
By entering into the Agreement (by way of registering on the Platform, passing
the identification process, including KYC, AML, etc. and transferring money to the
Quanloop clients’ bank account) the Investor confirms they have read the Agreement
and understood the commitments taken under the Agreement.
The amendments and supplementations to the Agreement come into force upon the
publishing of the new edition of the Agreement on the Platform, unless the Parties
have agreed otherwise. Quanloop shall notify the Investor of the amendments and
supplementations to the Agreement by sending a corresponding notification to the
e-mail address indicated in the Agreement. In case the Investor does not agree with
the amendments and supplements, the Investor has the right to terminate the
Agreement within seven (7) days as of the receipt of such notification. If the
Investor does not terminate the Agreement, the Agreement shall continue, and the
amendments and supplements shall apply to the Investor.
Welcome back, <NAME>!
Welcome back!
Please check your mailbox for a magic link to login into Quanloop. Usually, it should arrive
within a minute.
Login to Quanloop
It’s very easy to login, just fill in your e-mail and check the mailbox for a
magic link.
Using Quanloop investing service via a social network is easy and secure. We’re logging you in. Please wait...
Log in with
OR
You can use the e-mail address that you used to open your account or sign in with any of the
social networks listed below (if the e-mail address is the same).
We've found an existing account with your e-mail address and requested account linking
from that e-mail address. Check your inbox for an e-mail from Quanloop and confirm if
you wish to connect your accounts. If you don't see any mail from Quanloop in your inbox,
please check Junk/Spam folders to continue.
Lend €1 for 24 hours and earn great interest using investment loops
Profit from investing: 5.5%~15.7% p.a.
Minimum term: 24h
Minimum investment: €1
Free withdrawal
Get started
Getting started with us is same easy as put your 1€ to earn you money.
Sign up with
OR
Fill in your personal e-mail address and check your mailbox for a welcome letter from us,
click the magic link and you’re all set.
We've found an existing account with your e-mail address and requested account linking
from that e-mail address. Check your inbox for an e-mail from Quanloop and confirm if
you wish to connect your accounts. If you don't see any mail from Quanloop in your inbox,
please check Junk/Spam folders to continue.
We will pay you at a far better rate than any bank has to offer
Profit from investing: 5.5%~15.7% p.a.
Minimum term: 24h
Minimum investment: €1
Free withdrawal
Please check your mobile device
Check your e-mail for a magic link
To log in, open Quanloop app on one of your registered mobile devices and approve the login request.
First, we sent a notification to your mobile device and tried to log in from there,
but you did not notice, so we sent you an e-mail then. Please check your mailbox for
a message from us (also check your junk folder if you won't see our e-mail in the inbox).
Welcome to Quanloop!
Thank you for signing up with us. Please check your mailbox for a welcome e-mail from us and
click the magic link to activate your account.
Verification needed
In order to access all Quanloop functionality and start investing, please verify your
identity.
Verification takes no longer than a few minutes of your time and
requires no more than submitting your full name and address, and a copy of your ID.
How can we help?
Please explain your issue and send it by e-mail. If writing is impossible or complicated, you
can send an audio or a video message – we can handle everything. We're waiting for your
message to our e-mail [email protected] and will
reply soon.
Do you wish to leave a message?
Call us at +372 8804988 and leave a message with our virtual assistant. It will find the right
person to talk to, and he or she will call you back soon.
Here's our plan for tomorrow
Tomorrow we plan to borrow
€810,146
Today, it looks like we have balanced the demand correctly. If you wish, you can add more money to
top up your Quanloop balance, and we'll try to sell it to our partners today!
We shall pay out
interest in 2 week(s)
We pay interest once a month, on the 15th.
The next interest payout date is 15/11/2020. You will receive your profit to the most recent bank account
you used to transfer the investment capital to us. If you wish to update
your bank account, just transfer more capital from the new one and it will be updated automatically.
Switching to business mode
Would you prefer investing as a company? You're welcome!
Please send us an e-mail with the details of your verified
personal account and a fresh company registration printout. We'll check your company background and
link it to your private one – you can then login and switch between both accounts, very simple!
Start unlimited investing
To start with, we limit all our investors to €15,000. But you can easily dispense with that
limit!
In order to start limitless investing, you need to do the following: first, raise your current
capital to €15,000 and then contact us about raising the limit. Our compliance team will contact
you and make an additional verification (a video call or meeting us in person will be required).
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Welcome to Quanloop!
Let us show you how it works. Please press the button to start the tour.
This is our main navigation menu
We have collected the most useful links right here, so it's easier for you to use the site. If you wish to
find more legal information, etc., scroll down and check the links in the page footer.
This page shows our loan portfolio
Quanloop earns money by borrowing money from investors like you for 24 hours and lending it to businesses. You
earn money by lending it to us.
Click here to sign up with Quanloop
Getting started with us is very simple. Just enter your e-mail address and check your
mailbox. No password nor complicated registration process.
Click here to login
The process is very simple indeed, just enter your e-mail address and check your mailbox for the
authentication letter. Click the magic link and you are all set.
This is your private account
The private account belongs to you as a natural person. When you sign up with us, this is the account we open
for you by default.
This is your business account
The business account belongs to a company that you represent. You can be a director, member of the board, or
have valid power of attorney of that business and be able to prove it by sending copies of all the valid
papers that support it. In order to open a business account, please contact our support.
This is how much investors like you are earning today
This number is an annualised average interest rate we pay to our investors today.
Let's take a look at our risk-return calculator
This calculator lets your choose an optimal risk-return model. Click next to see how it works.
First, let us explain how our risk plans work
We have 3 risk plans: low, medium, and high. Each risk plan can be chosen separately, see the low risk plan
below and two other plans on the right.
That is the interest rate you would invest at within the low risk plan
That is the interest rate you would invest at within the medium risk plan
That is the interest rate you would invest at within the high risk plan
This slider helps you to choose the interest rate
Bear in mind that each risk plan has its own minimum and maximum rates that depend on the collateral
availability and its LTV.
Every risk plan has a short description
We strongly suggest you read our Terms & Conditions, the loan agreement, and other legal documentation before
lending. You can find all the links in the page footer.
Drawing your attention to the fact that some loans may not have collateral
This line shows how you share your capital between the risk plans
Let us explain in more detail. Please click 'next'.
This dot is the starting point of all the money you lend to us
It is 0% and just an indicator to help understand how the total capital is shared.
This dot shows the end point for the low risk plan
If you observe the low risk plan and then this line from 0% to 100%, then you should see that all your money
is now being invested within the low risk plan.
This is the main slider that helps you to choose the sharing options between risk plans
Try to move it and keep watching the white line above.
Please move the main slider button to this point
See the white line has grown and covers two risk plans. Click 'next' to see what it means.
This dot's label has now changed
It shows how much of your money will be invested within the low risk plan.
The new dot shows that all your money is now shared between several risk plans
Every time you drag the sliders, we add a description about how much of your money is placed within each of
the three risk plans
Try hovering over this text and see the risk plans above. You should see illustrations that will help you
understand how your money is shared between the risk plans.
Let's take a look at your annual target indicator
Every time you change the interest rates of each risk plan and the capital sharing positions, we recalculate
your annual target. For example, try to drag all the sliders to the maximum and you will see what the highest
interest rate is that you can achieve with us. Do the same by dragging the sliders to the left and you will see
the most conservative target.
A few words about risk sharing
We try our best to shield you and your money from making unwise decisions. This is why you cannot invest all
your money only within the high risk plan, or only within the medium risk plan.
Try to drag the main slider button to this position
As you can see, it is impossible to drag the main slider to that position. It also means that you cannot leave
your money on our account without investing, so all of your money is at least invested within the low risk
plan.
We strongly suggest reading all of the material on our website before starting to invest with us
Here you can find our legal documents
Answers to some basic questions can always be found in the page footer
Let's talk about our loan portfolio
Click next to open the next page and go through the details of the loan agreements that have been financed
today.
Look at the figures on the left
These figures are current public indicators regarding the Quanloop fund. Click 'next' to see further details.
This is our loan portfolio today
This figure shows how much we have borrowed from investors like you. This is also the amount of money
we will repay tomorrow.
This is the average interest we will pay for today
This figure is calculated by summarising all the interest repayments and dividing that amount by
the total loan portfolio.
This is how much money we are ready to borrow tomorrow
This figure covers refinancing of the long-term loans we have borrowed so far, and funding of the new ones.
We keep it transparent
This figure shows you how much money we have in the bank to cover tomorrow's loan portfolio. If the total loan
portfolio is higher than what we have in the bank, it means we need more capital and are ready to accept higher
interest rates, and vice versa.
This is your Quanloop balance
Your Quanloop balance covers both the loan principal that we owe you for the total money you lent us today,
as well as the money that we have not borrowed from you yet.
This is how much you have earned but not yet received into your bank account
We don't apply the compound interest model. Everything you earn will be paid out to your bank account
automatically. If you wish, you can transfer it back to our clients' account.
This is the date of the next interest repayment
We try to keep it simple: everything you earn during this calendar month will be paid to your bank
account on the 15th day of the following month.
Every box illustrates a loan agreement we have with our partner
We place loan agreements as collateral and borrow money from investors. Hover over a box with your mouse and
read the details of each loan.
Let's take a look at your portfolio
Click 'next' to go to the next page to learn how it works.
This panel shows your personal data
You can see your balance, current year profit, and accrued profit since the last payout, and the date of the
next pay-out. Hover over the question-mark icons to get more information about each label.
This panel shows our bank information
Use this information to transfer money to the Quanloop clients bank account. NB! The payment description is a
unique ID which links the payment to your Quanloop account, and we strongly advise you to keep this code for
your personal information only and to never share it with anyone.
This is your main portfolio management tool
It looks exactly the same as the calculator on the homepage. The main difference is that everything you set up
or modify here will be automatically saved and used as your official investment preference. You can modify your
preferences as many time as you wish during the day, and the latest setup will be used at midnight, when we will
pool new loans.
Use this widget to withdraw money to your bank account
Fill in the amount here
Then click this link
The money will be withdrawn from your account. If some of your money is not currently lent to us, it will be
withdrawn right away. The rest of the money will be transferred right after your loan is refinanced, normally
during the following day.
This is a history log of all your investments
These tables show detailed daily information, including the amount of money you have invested and where, as well
as
what your return was from each risk plan.
Read about us, our legal structure and find our contact information here
We try to cover most languages, choose yours here
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We cash back the inflation {BR}loss on each euro you {BR}invest with us.
Average {BR} Interest Rate
WE COMPENSATE {BR}
YOUR INFLATION LOSS {BR}
AS CASHBACK
