Loan Agreement

This framework describes the key terms that apply once your loan is approved and disbursed. The specific figures for your loan (principal, period, fee, schedule) are shown on your terms page and statement.

Principal & disbursement

Loan funds are disbursed to the mobile money or bank account you nominate. You must confirm receipt of funds as instructed at disbursement.

Repayment

You agree to repay each installment by its due date according to the schedule issued with your loan. Partial payments are applied as recorded in your statement.

Late payment

Instalments not paid by the due date may attract late fees and may be reported as late, affecting future eligibility.

Early repayment

You may repay early or in part. Your outstanding balance and schedule update automatically once payments are recorded.

Default

Failure to repay according to the schedule may result in collection activity, suspension of your account, and reporting as defaulted.

Statements

Downloadable statements are available from your loan page at any time.