TOTAL CAPITAL €9,675,003
PORTFOLIO €9,675,003
CAPITAL IN NEED €9,798,003
AVERAGE RATE 14.2% p.a.

Quanloop Loan Agreement

  1. General Provisions
    1. The terms of this Loan Agreement are based on and must be fulfilled together with the General Terms & Conditions of Quanloop published on the Platform (hereinafter referred to as the General Terms) and other terms referred to in the General Terms. The expressions and overall terminology, including but not limited to the Borrower, the Investor, the Platform, Quanloop, and a User, used in this Agreement are described in the General Terms. Any such relations between the Investor and the Borrower or Quanloop that are not regulated by this Agreement are subject to the General Terms or other legal documentation published on the Platform and Estonian law.
    2. This Loan Agreement (hereinafter referred to as Agreement or as Loan Agreement) is the Agreement entered into by Quanloop Usaldusfond (a Limited Partnership Fund registered in Estonia under the registry number 14496178 and having its legal address at Rotermanni 18/1, Tallinn, 10111, Estonia, hereinafter referred to as the Borrower), and a person who has been verified and identified by QUANLOOP OÜ (a company registered in Estonia under the registry number 16200698 and having its legal address at Rotermanni 18/1, Tallinn, 10111, Estonia, hereinafter referred to as Quanloop) to use the Platform owned and administrated by Quanloop according to the General Terms & Conditions of Quanloop published on this Platform (hereinafter referred to as Investor).
    3. The object of this Agreement is the collection of short-term loans regularly given by the Investor to the Borrower in the extent of the money added to the Platform and offered by the Investor to the Borrower, where each short-term loan is for a term of twenty-four (24) hours for the purpose of financing of business entities via commercial crediting (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 their consent to enter into Loan Agreement by using the money transferred from the Investor's bank account to Quanloop clients' account as outlined in this Agreement.
    4. This Loan Agreement is entered into by the Investor and the Borrower on the Platform (hereinafter referred to as the Loan Parties or each one separately a Loan Party) as follows: by Investor upon opening an account on the Platform, agreeing with the Quanloop General Terms & Conditions and adding money to the Platform, and by the Borrower, upon signing up a client agreement with Quanloop and giving it the mandate to manage the relationship of the Loan Parties as described in this Agreement.
    5. Regardless of the Investor's residence, location, or venue, the place of the fulfilment for all contractual performances of this 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 (Eastern European Time (EET) (UTC+02:00) during winter, and Eastern European Summer Time (EEST) (UTC+03:00) during summer). The whole borrowing-lending process, paying out the interest revenue, repaying the Loan principal, paying out a fine, and withdrawing the money to the Investor's bank account takes place in the Republic of Estonia. Any issue not covered by this Agreement should be resolved by following the legal documentation published on the Platform according to Estonian law.
  2. The Loan Parties confirm that:
    1. each Loan Party has verified and identified the opposite party prior to entering into Agreement;
    2. each Loan Party has specified the opposite party prior to making a proposal to enter into the Loan Agreement in a manner which is sufficiently defined and which indicates the intention of the Investor to be legally bound by the Agreement to be entered into if the proposal is accepted and giving the assent to enter into the Loan Agreement indicated by a direct declaration of intent by the Investor;
    3. they agree with the General Terms and this Agreement.
  3. The Borrower confirms that:
    1. entry into the Agreement and performance of the obligations set out therein is not in conflict with any law, the Borrower's incorporation, or other documents, or other agreements entered into by the Borrower;
    2. the Borrower has duly followed the laws and regulations applicable to the Borrower (among other things, the Borrower is in possession of the activity licences required for their operation), and that the Borrower has followed sound business practices in its activities;
    3. the Borrower is familiar with the Investor and has access to their personal information shared with it exclusively by Quanloop;
    4. the Borrower does not make any public proposals to receive money from the public for the purposes of depositing nor to receiving repayable funds in any other manner;
    5. the Borrower is ready to share the interest revenue from the financing of business entities via commercial crediting with the Investor; nevertheless, it does only communicate the readiness to borrow at a suitable market condition but does not apply for a loan;
    6. the Borrower has complied with all environmental protection laws and restrictions 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 the Borrower. To the best of the Borrower'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.
  4. The Investor confirms that:
    1. the Investor has provided timely and correct information to Quanloop and the Borrower;
    2. the source of the money the Investor transferred to Quanloop clients' bank account is legal, and they have all the rights to use this money and ability to prove that upon request;
    3. the Investor has sufficient knowledge of lending and borrowing law, business practices, and risks;
    4. the Investor has read all the materials on the Platform and understands the risks that may arise from lending to the Borrower;
    5. the money the Investor 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;
    6. by keeping a positive balance on the Investor's account, the Investor is making an offer to lend money to the Borrower and agree to enter into the Loan Agreement with the Borrower on the terms of this Agreement and with the annualised interest rate based on the Investor's most recent Portfolio preferences.
  5. Quanloop authorisation and mandate
    1. 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;
    2. The Investor limits Quanloop from operating with Investor's money other than for the purpose of lending the money to the Borrower;
    3. The Investor authorises Quanloop to take money from its account in order to lend it to the Borrower. The money should be taken by one (1.00 €) 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 match 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 their Portfolio preferences.
  6. The Loan Principal
    1. The Principal of each Loan under this Agreement is one (1.00 €) Euro.
  7. The Loan term
    1. The term of each Loan under this Agreement is always one (1) calendar day, which is twenty-four (24) hours.
  8. The Interest Rate and the risk plans
    1. The Investor defines the annualised interest rate in their Portfolio preferences.
    2. The interest rate for a day is calculated according to the following formula: the annualised interest rate ÷ total number of days in the current calendar year.
    3. The Investor diversifies their portfolio through three risk plans: Low, Medium and High. Each risk plan has a different definition, as outlined in the "Portfolio preferences" section of the General Terms. The Investor chooses a different interest rate for each risk plan and limits Quanloop from presenting an offer to lend money to the Borrower for the Credits with higher loan-to-value (LTV) ratios.
    4. The interest rate used in the offer to lend money is less or equal to the total sum of the value of the Credit collateral, and the Underwriting Reserve share for this Credit.
    5. The interest calculation starts from the moment the Loan is taken.
    6. The current annualised interest rate used to lend money under this Agreement is registered in the Investor's Loan Book on the Platform.
    7. The Borrower repays the interest prior to the date outlined in the "Interest payout" section of the General Terms.
  9. The Collateral and LTV calculation
    1. The Borrower offers Credit collateral to secure the Loan Agreement. Credit collateral management is performed according to the Quanloop Collateral Management Policy published on the Platform.
    2. The loan-to-value (LTV) ratio is based on the value of the Credit collateral and the Underwriting Reserve share for this Credit. The loan-to-value (LTV) ratio calculation is made according to the formula: Credit value ÷ (Credit collateral + Underwriting Reserve share for this Credit).
  10. Making an offer to lend money to the Borrower
    1. The Investor makes an offer to lend money as described in the "Credit origination and repayment" section of the General Terms.
    2. Quanloop does not consider offers made by Investors for the funds outside the Platform.
  11. Acceptance of the offer to borrow money from the Investor
    1. The Borrower chooses to accept or deny the offer by the Investor as described in the "Credit origination and repayment" section of the General Terms.
  12. Repayment of the Loan
    1. The Borrower repays the Loan Principal according to the Loan Term by transferring the funds to their account on the Platform.
    2. Quanloop credits the Borrower's account and debits the Investor's account on the Platform.
    3. Should the Borrower fail to repay the Loan Principal on the Loan Term, Quanloop will continue as described in the "Credit origination and repayment" section of the General Terms.
  13. Other provisions
    1. The Borrower can borrow money from the Investor at least once a day;
    2. The Loan Agreement is concluded in the euro currency;
    3. Quanloop and the Borrower acknowledge that the Investor fully understands the risks of lending money; otherwise, the Investor would have informed Quanloop to the contrary.
  14. Obligations of the Parties
    1. The Borrower undertakes to use the Loan Principal for the indicated purpose set out in the General Terms.
    2. If the Borrower 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 by the Borrower. 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 submitting the proper answer is not possible within the time limit for reasons attributable to the Investor (e.g. inaccurate contact information).
    3. Quanloop informs the Investor within five (5) working days if:
      1. there are changes in Quanloop's or the Borrower's contact information (mailing address, e-mail address, telephone numbers);
      2. Quanloop or the Borrower has filed a petition with the court for the initiation of its reorganisation proceedings;
      3. Quanloop or the Borrower or a third-party has filed a petition with the court for a declaration of bankruptcy of Quanloop or the Borrower;
      4. events occur that jeopardise the proper performance of the General Terms (including filing a tax claim against Quanloop or the Borrower, for the deferral of which Quanloop or the Borrower has failed to reach an agreement with the tax authority, or filing a claim concerning environmental protection, or in the case of Quanloop's or the Borrower's property expropriation, seizure, or confiscation, or in case of the occurrence of other circumstances that affect Quanloop's or the Borrower's solvency);
      5. any of the Borrower's confirmations outlined in section 2 of the Agreement turn out to be untruthful.
    4. The Investor and the Borrower undertake not to transfer their rights and obligations arising from the Agreement to any third parties without the prior written consent of the other party.
    5. Quanloop, the Borrower and the Investor shall carry out their obligations properly, in good faith, and with reasonable care, and following established practices.
    6. Quanloop, the Borrower and the Investor shall be liable for any failure or improper performance of their obligations.
    7. Quanloop, the Borrower and the Investor 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.).
    8. Quanloop and the Borrower are 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.
    9. Quanloop and the Borrower shall not be liable for any loss or damage arising from changes in foreign exchange, securities, or other investment risks.
    10. Quanloop and the Borrower shall not be liable for damage caused by Quanloop's or the Borrower's ignorance of the capacity of a legal person or the ability of a natural person.
    11. Quanloop and the Borrower are liable for damage if Quanloop's or the Borrower's intent causes it unless otherwise stipulated by law.
    12. The full range of liability of Quanloop and/or the Borrower concerning one Investor is limited to the amount of the money transferred to the Quanloop clients' account 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.
    13. 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 for such confirmation. Quanloop and the Borrower are not responsible for any loss or damage arising from the incorrect information (including the absence of the data) provided by the Investor.
    14. 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.
    15. The Investor shall indemnify Quanloop or the Borrower for any loss incurred as a result of misrepresentation, failure to report or failure to make such changes as required.
  15. Modification of the Agreement. Termination of the Agreement
    1. 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.
    2. The Borrower has the right to refuse to borrow the money and to terminate the Agreement without prior notice:
      1. 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;
      2. 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;
      3. Quanloop receives credible information that the Investor is dead or terminated;
      4. 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.
    3. Quanloop shall notify the Investor of the termination of the Agreement.
  16. Other Terms & Conditions
    1. Disputes arising from the Agreement are resolved by the Agreement of the Investor and the Borrower. Upon failure to reach an agreement, the dispute is settled in the Harju County Court of Estonia. The Agreement is subject to the laws of the Republic of Estonia.
    2. Agreement-related notices, consents, approvals, etc., are prepared and sent to the other Loan Party or the Loan Party's representative to the e-mail address indicated in the Investor's account or on the Platform.
    3. The Investor and the Borrower 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 Investor's account. 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 account on the Platform, the Investor may fail to receive e-mails from the Platform. The Investor is solely and entirely responsible for accurate information it has used to set up an account on the Platform. The Investor and the Borrower 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 Investor's account 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.
    4. The Agreement comes into force upon the first borrowing of money through the authorised lending by the Investor to the Borrower, and it will remain valid until the last payment of the proprietary obligations, calculated interest on arrears, and unpaid charges of the previous Loan to the Investor by the Borrower.
    5. By entering into the Agreement as defined in the "General Provisions" section of this Agreement, the Investor confirms they have read the Agreement and understood the commitments taken under the Agreement.
    6. The amendments and supplementations to the Agreement come into force upon publishing the new edition of the Agreement on the Platform, unless the Loan 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. If the Investor disagrees with the amendments and supplements, the Investor has the right to terminate the Agreement within seven (7) days to receive such notification. If the Investor does not terminate the Agreement, the Agreement shall continue, and the amendments and supplements shall apply to the Investor.

Disclaimer: Some text on this website is purely for marketing communication. Nothing published by Quanloop constitutes an investment recommendation, nor should any data or content published by Quanloop be relied upon for any investment activities. Quanloop strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decision.