TERMS OF SERVICE
Terms of Service
Acceptance of Terms
- By Accessing And Using Our Microlending Platform, You Agree To Be Bound By These Terms Of Use.
Eligibility
- You must be of legal age and have the legal capacity to enter into a contract in your jurisdiction to use our services.
Registration
- You agree to provide accurate and current information during the registration process. You are responsible for maintaining the confidentiality of your account credentials.
Loan Application
- Submitting a loan application does not guarantee approval. We reserve the right to reject or approve loan applications based on our criteria.
Interest Rates and Fees
- You acknowledge that loans may be subject to interest rates and fees. The specific rates and fees will be detailed in your loan agreement.
Loan Repayment
- You are responsible for repaying the loan according to the terms of the loan agreement. Failure to repay may result in additional charges and legal action.
Privacy
- We respect your privacy and handle personal information as outlined in our privacy policy.
Use of Information
- You grant us the right to use the information you provide for the purpose of assessing and managing loan applications.
Termination
- We reserve the right to suspend or terminate your account and access to our services at our discretion.
Intellectual Property
- All content and materials on our platform are protected by copyright and other intellectual property laws.
Disclaimer of Liability
- We are not liable for any losses or damages that may result from the use of our services.
Indemnification
- You agree to indemnify and hold us harmless from any claims or liabilities arising from your use of our services.
Governing Law
- These terms are governed by the laws of [Your Jurisdiction}
Changes to Terms
- We may update these terms of use, and it's your responsibility to review them periodically.
SHII Loans Terms and Conditions
Effective Date: 1 February 2023
1. LOAN APPLICATION AND APPROVAL
1.1 Eligibility: To apply for a loan with SHII Loans, borrowers must meet our eligibility criteria.1.2 Application Process: Applicants are required to complete our loan application accurately and provide all requested documentation.
1.3 Loan Approval: Loan approval is subject to our assessment of the borrower's creditworthiness and compliance with applicable laws.
2. LOAN TERMS
2.1 Loan Types: We offer various types of loans, each with its own terms, interest rates, and repayment schedules.2.2 Interest Rates: The interest rates on loans may vary based on the type of loan and prevailing market conditions. Interest rates will be clearly disclosed in the loan agreement.
3. REPAYMENT
3.1 Repayment Terms: Borrowers are required to make payments according to the agreed-upon schedule. Failure to do so may result in late fees or other penalties.3.2 Prepayment: Borrowers have the option to make prepayments without incurring additional charges.
3.3 Default: If a borrower defaults on a loan, we may take legal action to recover the outstanding amount, and additional fees and interest may apply.
4. FEES AND CHARGES
4.1 Fee Schedule: We maintain a schedule of fees and charges. Borrowers should refer to it for details on application fees, late fees, and other charges.4.2 Changes to Fees: We may change our fee schedule with prior notice.