Loan Agreement

company focused on developing Digital Communication and Financial Technology solutions

Loan Agreement

This Loan Agreement (“Agreement”) is made on [DD/MM/YYYY]

Between:

Lender:

Company Name: QR Technologies Company Limited
Registered Address: 135/37, 12A Floor, Amornphan 205 Tower 2, Soi Nathong, Ratchadaphisek Road, Din Daeng Subdistrict, Din Daeng District, Bangkok 10400, Thailand
Contact: customerservice@qrtec.com
(hereinafter referred to as the “Lender” or “Financial Institution”)

Borrower:

Name: ________________________
Address: ________________________
ID Card/Passport No.: ________________________
Email: ________________________
Phone Number: ________________________
(hereinafter referred to as the “Borrower”)

Important Information

  1. The Borrower must confirm via the platform designated by the Lender (including the OonJai Cash application, hereinafter referred to as the “App”). By clicking “Confirm” or “Agree,” the Borrower confirms that they have read, understood, and voluntarily accepted all terms of this Agreement. This Agreement is legally binding on both parties. 
  2. To protect your rights, please read this Agreement carefully before accepting. 
  3. This Agreement may be executed electronically by clicking “Confirm” or “Agree” and logging in using the Borrower’s credentials.

Clause 1: Background

1.1 The Lender is a company legally established under Thai law and licensed to operate microfinance business under the Ministry of Finance.
1.2 The Borrower is a legally competent individual applying for a loan via the Lender’s electronic platform (“Platform”).
1.3 Both parties agree to execute this Agreement electronically.

Clause 2: Loan Terms

2.1 Loan Amount
The Lender agrees to provide a loan of ______ THB.

2.2 Interest and Fees

  • Annual Interest Rate (APR): ____% per annum (daily calculation) 
  • Default Interest: ____% per annum on overdue amounts 
  • Debt Collection Fee: THB 50 (as permitted by law) 

2.3 Loan Term
Repayment must be made within ____ days or by __________.

2.4 Disbursement Method
Funds will be transferred to the Borrower’s bank account:

  • Bank Name: __________ 
  • Account Name: __________ 
  • Account Number: __________ 

2.5 Repayment Plan

  • Installments: ____ installments of ______ THB each 
  • Early Repayment: Allowed with prior notice; no interest charged for unused period (subject to Lender approval) 

2.6 Default
Failure to repay on time without extension constitutes default, and additional interest and fees will apply.

Clause 3: Representations and Warranties of Borrower

The Borrower confirms:

  • Acceptance via platform is legally valid 
  • Age ≥ 20 and legally competent 
  • All provided information is accurate and complete 
  • Loan will be used for lawful purposes only 
  • Understands risks, fees, and repayment obligations 
  • Lender may share credit information with relevant authorities and institutions 

Clause 4: Rights and Obligations of Borrower

The Borrower shall:

  • Use funds strictly for stated purposes 
  • Provide accurate and updated information 
  • Maintain repayment capability 
  • Not assign rights without consent 
  • Provide at least two emergency contacts 
  • Comply with applicable laws (PDPA, AML, etc.) 
  • Notify the Lender within 3 business days of major changes 

Clause 5: Rights and Obligations of Lender

The Lender has the right to:

  • Verify borrower information 
  • Approve/reject applications 
  • Demand repayment of principal, interest, and fees 
  • Take action if loan is misused 
  • Share data with third parties for debt collection 
  • Assign rights under this Agreement 

Clause 6: Purpose of Agreement

Loans are disbursed in Thai Baht via bank transfer to the Borrower’s account.

Clause 7: Payment and Allocation

Payments are applied in order:

  1. Fees 
  2. Interest 
  3. Principal 

Clause 8: Term of Agreement

Effective from signing until full repayment. Early termination is possible after full repayment.

Clause 9: Digital Data

  • Electronic communication is legally valid 
  • Digital signatures are binding and enforceable 

Clause 10: Amendment and Termination

  • Lender may amend terms with notice 
  • Borrower may terminate within specified period if not agreeing 

Clause 11: Default and Remedies

Default includes:

  • False information 
  • Misuse of funds 
  • Asset concealment 
  • Legal or financial incapacity 

Remedies include:

  • Immediate repayment demand 
  • Legal action 
  • Collection fees and penalties 

Clause 12: Execution

  • Electronic acceptance is legally binding 
  • Agreement becomes effective upon loan disbursement 

Clause 13: Miscellaneous

  • Force majeure applies 
  • Borrower must notify changes within 3 days 

Clause 14: Governing Law

  • Governed by Thai law 
  • Disputes subject to Thai courts 

Clause 15: Geographic Restriction

Services are limited to Bangkok residents only.

Key Conditions:

  • Must reside or be registered in Bangkok 
  • Must pass geolocation verification (Geofence) 
  • Must provide valid proof of residence 
  • False information may result in termination 

The Company reserves the right to refuse or terminate service if conditions are not met.