Your direct loan for the cooperative supermarket MILA

Name(Required)

First name Last name

Are you a member of MILA?(Required)

Yes

No

Address(Required)

Street Address City State / Province / Region Postal Code Country

Birthday(Required)

Telefone

E-Mail

Bank Account IBAN(Required)

Bank Account BIC

Name of the Account Owner

How much would you like to give MILA as a direct loan?(Required)

Please enter a number greater than or equal to 500.

A direct loan is a qualified subordinated loan (see FAQ). The loan must be at least €500. The average loan is currently €5,000

How high should the interest rate be?(Required)

Interest is paid out annually. This is paid out a few weeks after the deposit in the first year.

How did you find out about direct loans at MILA?

What motivates you to give MILA a direct loan?

Termination

After one year, both the lender and the borrower can terminate the loan at any time with a notice period of 3 months. In the event of an unforeseen event, the lender is entitled to terminate the loan agreement early with a notice period of 3 months (special right of termination). The payment of the balance in the event of termination or in the event of the exercise of the special right of termination will take place within 1 month after the end of the notice period, with reference to the consequences of the subordination of the loan.

Subordination of the loan

This loan is a qualified subordinated loan. The risk of this qualified subordinated loan is that

in the event of insolvency or liquidation of the borrower, the repayment of the loan and/or the interest will only be made after other (priority) creditors have been satisfied or
the repayment of the loan and/or the interest will depend on the borrower’s financial performance. Repayment including interest will be made after all creditors have been satisfied exclusively from the borrower’s freely available annual surplus or freely available assets.

Final provisions

This offer to conclude a loan agreement under the conditions set out above is valid for 30 days from the date of signature by the borrower. If the total value of the loan(s) granted exceeds the amount of EUR 5,000, please note the information on the appendix. Attention is drawn to the statutory right of withdrawal: The lender can withdraw from this contract within 14 days of receipt of the amount in the borrower’s account mentioned above. In this case, the amount paid will be transferred back immediately. Changes and additions to the contract must be in writing to be effective.