Loan Agreement

Introduction

Last Updated: 20/1/2026

1. Eligibility Requirements

To apply for a loan with us, you must meet the following criteria:

• Be at least the age of majority as per local laws.
• Maintain a positive credit history.
• Have a stable and verifiable source of income.
• Demonstrate the ability to meet repayment obligations on time.

2. Loan Details

• Loan Amount: The principal sum of money borrowed by the Borrower, as specified in the approved loan application.
• Interest Rate: The percentage charged on the Loan Amount for the use of funds, as indicated in the approved loan terms.
• Repayment Schedule: Borrower agrees to repay the loan according to the schedule in the App.
• Fees & Charges: Any applicable fees will be outlined in the loan details.
• Default: Failure to meet repayment obligations under this Agreement.
• Loan Term: The period during which the loan must be repaid.

3. Loan Example

Below is an illustrative example of a loan under this Agreement:

• Loan Amount: 10,000
• APR (Annual Percentage Rate): 16%
• Loan Term: 150 days
• Total Interest: 657.53
• Total Repayment: 10,657.53
• Monthly Payment: 2,131.51

4. Borrower Obligations

• Provide accurate and complete information.
• Repay the loan according to the agreed schedule.
• Notify the Lender promptly of any changes to contact or financial information.
• Comply with all applicable laws and regulations.

5. Lender Rights

• Verify Borrower identity and creditworthiness.
• Disburse or withhold funds based on assessment.
• Apply late fees or penalties for overdue payments.
• Enforce legal remedies in case of default.

6. Default

• Lender may charge late fees and interest on overdue amounts.
• Lender may report default to credit bureaus and take legal action.
• Borrower remains liable for all amounts due until fully repaid.

7. Loan Disbursement

Loans will be disbursed to Borrower's approved account after verification. Disbursement timing may vary depending on the payment method.

8. Prepayment

Borrower may prepay all or part of the loan at any time without penalty unless specified otherwise in the loan terms.

9. Privacy & Data Use

Borrower's personal and financial information will be used in accordance with our Privacy Policy to process loans, perform credit assessments, and comply with legal obligations.

10. Jurisdiction and Applicable Law

• This Agreement shall be governed in all respects by the laws in force in, particularly with respect to data information, electronic contracts and electronic commerce. Any dispute arising out of this Agreement, its existence, validity, interpretation, scope or performance shall be submitted to the applicable law and the competent courts.
• For the interpretation, performance and enforcement of this contract, the parties expressly submit to the jurisdiction of the courts and waive any other jurisdiction that may correspond by virtue of their present or future domicile.
• For matters not covered in these Terms and Conditions, Customer agrees to comply with the applicable laws. With respect to the interpretation and enforcement of these terms and conditions, the user agrees to submit to the jurisdiction of the courts, expressly waiving any other jurisdiction that may correspond by virtue of its present or future domicile.

11. Amendments

Lender may update this Agreement from time to time. Changes will be communicated through the App. Continued use constitutes acceptance of the amended terms.

12. Contact

If you have questions about this Agreement, contact us:

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