Loan Contract Document
Loan contract number: 4938393
Date of signing the document: 6 January, 2011.
This loan contract is made between The Mayo Finance Bank, herein referred to as the lender and Dude Hopkins
Cars, herein referred to as the borrower, under the legal statutes of the Ukrainian Law.
The following are the technicalities regarding the concerned loan:
Specification: The bank has been requested to dispatch a loan amount of 5, 00,000 to financially enable the
customer-agency to manufacture cars.
Nature of loan: Car loan
Time period of loan effect: 6 March, 2011 to 7 March, 2012
Payment type: Cheque
The borrower and lender have agreed to follow the following proviso:
The borrower will be liable to pay 4% interest on the total amount of loan borrowed plus a fixed portion of the
The monthly instalments will have to be paid within the second week of every month and any delay will be
slapped with additional charges.
The lender will issue a receipt to the borrower on payment of every instalment.
The borrower is allowed to end the contract before the stipulated time by reimbursing the whole loaned amount.
Signature: Jonson Mayo
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