1. Introduction

1.1 **Overview:**

This document outlines the terms and conditions under which Hassle Free Financial Solutions Ltd. ("the Company") offers its financial products, including car loans, property loans, business loans, personal loans, education loans, and grants. By applying for and accepting any loan or grant from the Company, the borrower or grantee agrees to these terms.

1.2 **Eligibility:**

To be eligible for any financial product offered by the Company, applicants must meet the criteria specified in these terms and provide all required documentation.

  2. Loan Terms

2.1 Collateral Bond Requirement

2.1.1 **Purpose:**

For all loans offered by the Company, borrowers are required to purchase a collateral bond valued between 0.25-0.75% of the Total Face Value (TFV) of the loan. This bond is held in the borrower’s stock trading account at our partner bank, Flynn Financial Limited, serving as an escrow provider between the lender and the borrower.

2.1.2 **Process:**

- Upon accepting the loan terms, the borrower will be guided to open an AI-powered stock trading account with Flynn Financial Limited.
- After successful account registration, the borrower will purchase the bond directly from Flynn Bank following the signing of a contract agreement with our legal partner, ILSL.
- The bond will be used to trade in the stock market, and the loan funding will proceed once trading has commenced.
- The borrower must share the user credentials for the stock trading account with the Company.

2.1.3 **Maturity of Loan:**
- Upon loan maturity, the trading account will be terminated.
- The profits generated will be distributed as follows:
- Lender: 50%
- Borrower: 40% + Bond Value
- Escrow: 10%

2.1.4 **Rationale for Collateral Bonds:**
Collateral bonds are required to secure the loan, reduce risk, and ensure both parties fulfill their obligations. The security deposit ensures that the loan is backed by a financial instrument that can generate returns, providing a safety net for both the borrower and the lender.

  2.2 Disbursement of Approved Loans

2.2.1 **Global Bank Partners:**
Approved loans are disbursed through our global banking partners, including but not limited to Barclays, Flynn Bank, and UniCredit. Proof of funds can be provided upon request.

  2.3 Loan Interest Rate

2.3.1 **Interest Rates:**
Our interest rates are capped between 2-4% per annum of the Total Face Value of the loan, depending on the borrower’s creditworthiness and market conditions.

  2.4 Financial Records and Project Summary

2.4.1 **Requirement:**
Borrowers agree to share their financial records, project summaries, and actual utilization of the loan funds. This allows us to assess the viability of the business and ensure the loan is used appropriately.

  3. Grant Terms

  3.1 Account Opening Requirement

3.1.1 **Procedure:**
- Once approved for a grant, the grantee must open an account with one of the instructed banks to facilitate efficient fund disbursement.
- The Company partners with digital banks to ensure the smooth and effortless movement of funds.

3.1.2 **Guidance:**
Approved grantees will receive detailed guidance on the steps required to open the necessary account and receive their funds.

  4. Specific Loan Terms

  4.1 Property Loan Terms

4.1.1 **Purpose:**
Property loans are designed to assist borrowers in purchasing, renovating, or refinancing real estate properties.

4.1.2 **Collateral Requirement:**
As with other loans, property loan applicants are required to purchase a collateral bond as outlined in Section 2.1.

4.1.3 **Interest Rate & Repayment:**
Interest rates for property loans are competitive and based on market conditions. Repayment terms are flexible and tailored to meet the borrower’s financial situation.

  4.2 Car Loan Terms

2.4.1 **Requirement:**
Borrowers agree to share their financial records, project summaries, and actual utilization of the loan funds. This allows us to assess the viability of the business and ensure the loan is used appropriately.

  4.2 Car Loan Terms

4.2.1 **Purpose:**
Car loans are provided to individuals seeking to finance the purchase of new or used vehicles.

4.2.2 **Collateral Requirement:**
Car loan applicants must also adhere to the collateral bond purchase requirement detailed in Section 2.1.

4.2.3 **Loan Tenure:**
Loan tenure for car loans ranges from 1 to 5 years, depending on the borrower’s preference and creditworthiness.

  4.3 Education Loan Terms

4.3.1 **Purpose:**
Education loans are offered to individuals pursuing higher education or vocational training, covering tuition fees, books, and other related expenses.

4.3.2 **Collateral Requirement:**
Education loan applicants are subject to the same collateral bond requirements as other loans.

4.3.3 **Repayment Grace Period:**
Education loans typically include a grace period that allows borrowers to begin repayment after completing their education.

  5. Why We Require Security Deposits/Collateral Bonds

  5.1 Risk Mitigation

5.1.1 **Purpose:**
The primary purpose of a security deposit is to mitigate the risk of default. By requiring borrowers to put down a security deposit, lenders ensure they have some form of collateral that can be used to offset potential losses if the borrower fails to repay the loan.

  5.2 Borrower Commitment

5.2.1 **Commitment:**
A security deposit demonstrates the borrower's commitment and financial stability. It shows that the borrower has a stake in the loan and is more likely to fulfill their repayment obligations.

  5.3 Interest Income

5.3.1 **Investment:**
Security deposits are invested and placed into interest-bearing accounts, allowing us to generate additional income from the deposited funds during the loan term.

  5.4 Reduced Lending Costs

5.4.1 **Cost Reduction:**
Security deposits help us cover administrative costs and potential losses, reducing the overall cost of lending.

  5.5 Loan-to-Value (LTV) Ratio

5.5.1 **LTV:**
For secured loans, a security deposit can help maintain a favorable loan-to-value ratio. This is particularly important in mortgage lending, where the value of the property acts as collateral.

  5.6 Improved Loan Terms

5.6.1 **Better Terms:**
Borrowers who provide a security deposit may be eligible for better loan terms, such as lower interest rates or higher loan amounts, as the deposit reduces the lender's risk.

  5.7 Overall Benefit

5.7.1 **Safeguard:**
Security deposits provide lenders with a safeguard against potential losses and ensure that borrowers are serious and capable of meeting their loan obligations.

  6. General Provisions

  6.1 Interest Rates and Fees

6.1.1 **Interest Rates:**
All loans carry an interest rate that will be clearly stated in the loan agreement. Interest rates are subject to market conditions and the borrower’s credit profile.

  6.2 Default and Penalties

6.2.1 **Default:**
In the event of a default, the Company reserves the right to liquidate the collateral bond to cover the outstanding loan amount.

6.2.2 **Penalties:**
Late payments may incur penalties as specified in the loan agreement.

  7. Contact Information

For any questions regarding these terms or to initiate the loan or grant process, please contact us at: clients@hasslefreeglobal.com