Loan Option
Term Sheet: Pre-Seed Round 2-C: 2025
The loan option provided herein does not constitute an investment in the company. A lender assumes no liability for the company's profit or loss. This loan is purely a debt arrangement between the lender and the company.
Loan Parameters
| Parameter | Value |
|---|---|
| Minimum loan amount | 1 lakh INR |
| Maximum loan amount | 50 lakhs INR |
| Rate of interest | 25% per annum |
| Lock-in period | 1 year |
Example Calculation
1,00,000 + (1,00,000 * 25 / 100 * 1 year)
Maturity amount = 1,25,000 INR
Loan - Terms & Conditions
✅ The minimum lending amount per lender is set at 1 lakh INR, while the maximum allowed amount is 50 lakhs INR.
✅ Lending amounts should be made in multiples of 1 lakh INR.
✅ The loan tenure is fixed at 1 year, and a minimum lock-in period of 1 year is mandatory.
✅ The loan interest will be calculated at a fixed rate of 25% per annum on the lending amount.
✅ Upon maturity, the lender is entitled to a full refund of the principal amount, along with the accrued loan interest.
✅ Payouts will be processed within 15 days from the maturity date.
✅ If the lender wishes to opt for a convertible or stock option, a written expression of intent must be provided before 30 days of the maturity date. However, this option is subject to management approval.