Effective Date: 01/01/2024

Welcome to LendMe. By accessing or using our website and services, you agree to be bound by the following Terms and Conditions. Please read these terms carefully before using our services. If you do not agree with these terms, you should not use our website or services.

1. Introduction

LendMe (“we,” “our,” or “us”) offers payroll-deduction loans and related financial services to employees of partnered institutions. These Terms and Conditions (“Terms”) govern your use of our website [website URL] and the services we provide.

2. Eligibility

To use our services, you must be:

• At least 18 years old and legally capable of entering into a binding contract.
• An employee of an institution that is partnered with LendMe.
• Compliant with any specific eligibility requirements that may be detailed during the loan application process.

3. Loan Application and Approval

3.1 Application:
By applying for a loan through LendMe, you agree to provide accurate, complete, and up-to-date information. Misrepresentation of any information may result in the rejection of your application or termination of any granted loan.

3.2 Approval:
Loan approval is at the sole discretion of LendMe. We reserve the right to approve or deny any application based on our internal criteria, including your financial information, employment status, and other factors deemed relevant.

3.3 Terms of Loan:
Upon approval, the specific terms of the loan, including the loan amount, interest rate, repayment schedule, and any fees, will be provided. By accepting the loan, you agree to adhere to these terms.

4. Repayment

4.1 Payroll Deduction:
Repayments are automatically deducted from your salary through your employer’s payroll system. You agree to this arrangement as part of the loan acceptance process.

4.2 Late Payments:
If a payment is missed due to insufficient funds or other reasons, you may incur additional fees as outlined in your loan agreement. LendMe reserves the right to pursue any lawful means to recover outstanding amounts.

4.3 Early Repayment:
You may repay the loan early without incurring additional fees unless otherwise specified in your loan agreement. Early repayment will reduce the total interest payable over the term of the loan.

5. Fees and Charges

All fees and charges associated with the loan, including interest rates, administrative fees, and any penalties for late payment, will be clearly outlined in your loan agreement. By accepting the loan, you agree to these fees and charges.

6. Use of Our Website

6.1 Content:
The content on our website is for informational purposes only and is not intended to provide financial advice. We strive for accuracy but do not guarantee the completeness or reliability of the information provided.

6.2 Prohibited Activities:
You agree not to use our website for any unlawful or prohibited activities. This includes, but is not limited to, attempting to gain unauthorized access to our systems, interfering with the operation of our services, or using our content for commercial purposes without permission.

7. Data Privacy

Your privacy is important to us. Our use of your personal information is governed by our Privacy Policy. By using our services, you consent to the collection, use, and disclosure of your information as described in our Privacy Policy.

8. Intellectual Property

All content on this website, including text, graphics, logos, and software, is the property of LendMe and is protected by copyright, trademark, and other intellectual property laws. Unauthorized use of this content is strictly prohibited.

9. Limitation of Liability

To the fullest extent permitted by law, LendMe shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising out of or related to your use of our website or services. This includes, but is not limited to, damages for loss of profits, data, or other intangible losses, even if we have been advised of the possibility of such damages.

10. Indemnification

You agree to indemnify and hold LendMe, its affiliates, employees, and agents harmless from any claims, liabilities, damages, losses, or expenses, including reasonable attorneys’ fees, arising out of or in any way connected with your use of our website or services, or your violation of these Terms.

11. Changes to Terms and Conditions

LendMe reserves the right to modify these Terms at any time. Any changes will be posted on this page, and the “Effective Date” at the top will be updated. Your continued use of our website and services after any changes indicates your acceptance of the new Terms.

12. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of Kenya. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Kenya.

13. Termination

We reserve the right to terminate or suspend your access to our services at our sole discretion, without notice, for conduct that we believe violates these Terms or is harmful to other users, us, or third parties, or for any other reason.

By using our website and services, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.