Terms and Conditions of Use for Tillit MSME Microservices (Paycient Finance) Lending Platform
Please read these Terms and Conditions ("Terms") carefully before using the Tillit MSME Microservices (Paycient Finance) lending platform ("Platform"). These Terms constitute a legal agreement between you ("User" or "you") and Tillit MSME Microservices (Paycient Finance) ("Company" or "we" or "us") governing your use of the Platform and any services provided therein. By accessing or using the Platform, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you may not use the Platform.
1. Eligibility:
1.1. You must be at least 18 years old to use the Platform and apply for loans.
1.2. By using the Platform, you represent and warrant that you have the legal capacity to enter into a binding contract.
2. Loan Application Process:
2.1. The Platform provides an online loan application service. To apply for a loan, you must complete the application form accurately and provide all required information.
2.2. By submitting a loan application, you authorize Tillit MSME Microservices (Paycient Finance) to obtain and verify your personal and financial information from third-party sources, such as credit bureaus and other financial institutions.
2.3. Tillit MSME Microservices (Paycient Finance) reserves the right to accept or reject loan applications at its sole discretion, without providing any reason for rejection.
3. Loan Terms and Repayment:
3.1. Loan terms, including interest rates, repayment schedules, and any associated fees, will be provided to you upon approval of your loan application.
3.2. You are responsible for ensuring that the loan repayment instalments are made on time. Failure to make timely payments may result in additional charges, late fees, and negative impact on your credit rating.
3.3. Tillit MSME Microservices (Paycient Finance) may, at its discretion, adjust the interest rates or other terms of your loan in accordance with applicable laws and regulations.
4. Use of Personal Information:
4.1.Tillit MSME Microservices (Paycient Finance) collects and processes personal information in accordance with its Privacy Policy. By using the Platform, you consent to the collection, use, and disclosure of your personal information as described in the Privacy Policy available at https://paycientfinance.com.
5. Intellectual Property:
5.1. All content and materials available on the Platform, including but not limited to text, graphics, logos, images, and software, are the property of Tillit MSME Microservices (Paycient Finance) or its licensors and are protected by intellectual property laws.
5.2. You may not modify, reproduce, distribute, or create derivative works based on any content or materials from the Platform without the prior written consent of Tillit MSME Microservices (Paycient Finance).
6. Prohibited Activities:
6.1. You agree not to use the Platform for any unlawful or unauthorized purposes, including but not limited to:
- Submitting false or misleading information in loan applications.
- Interfering with the operation of the Platform or attempting to gain unauthorized access to any systems or networks related to the Platform.
- Engaging in any fraudulent or deceptive activities.
- Violating any applicable laws or regulations.
6.2. Tillit MSME Microservices (Paycient Finance) reserves the right to suspend or terminate your access to the Platform if you engage in any prohibited activities.
7. Disclaimer of Warranty:
7.1. The Platform is provided on an "as is" and "as available" basis. Tillit MSME Microservices (Paycient Finance) makes no warranties or representations, whether express or implied, regarding the accuracy, reliability, or suitability of the Platform for your particular purpose.
7.2. Tillit MSME Microservices (Paycient Finance) does not guarantee the availability, continuity, or security of the Platform or its services. You acknowledge that the use of the Platform is at your own risk.
8. Limitation of Liability:
8.1. Tillit MSME Microservices (Paycient Finance) shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses, arising out of or in connection with your use of the Platform or any services provided therein.
8.2. Tillit MSME Microservices’ (Paycient Finance) total liability to you for any claims arising under these Terms, whether in contract, tort, or otherwise, shall be limited to the interest amount you have paid to Tillit MSME Microservices (Paycient Finance), if any, during the twelve (12) months preceding the event giving rise to the liability.
9. Modification of Terms:
9.1. Tillit MSME Microservices (Paycient Finance) reserves the right to modify these Terms at any time, without prior notice. The updated Terms will be posted on the Platform, and your continued use of the Platform after the modifications constitute your acceptance of the updated Terms.
10. Governing Law and Jurisdiction:
10.1. These Terms shall be governed by and construed in accordance with the laws of Nigeria. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Nigeria.
By using the Tillit MSME Microservices (Paycient Finance) lending platform, you agree to abide by these Terms and Conditions. If you have any questions or concerns regarding these Terms, please contact us at info@paycientfinance.com.