Effective Date: April 3rd, 2023
These Terms of Use govern your access to and use of the services provided by Winock Lending Ltd. By using our website, mobile app, or any other digital platform (“Services”), you agree to comply with these terms. Please read them carefully before proceeding.
1. Acceptance of Terms
By accessing or using the Services provided by Winock Lending Ltd., you acknowledge that you have read, understood, and agree to be bound by these Terms of Use and our Privacy Policy. If you do not agree to these terms, you may not access or use our Services.
2. Definitions
- “We,” “Our,” “Us,” refer to Winock Lending Ltd.
- “You,” “Your,” refer to any person using or accessing our Services.
- “Services” refer to all loan products, digital platforms, and other offerings by Winock Lending Ltd.
3. Eligibility
3.1. Legal Age:
To use our Services, you must be at least 18 years of age and legally able to enter into a binding contract.
3.2. Residency:
Our Services are intended for individuals or businesses residing in Nigeria. By using our Services, you represent that you are located within Nigeria and comply with all local laws and regulations.
4. Loan Applications
4.1. Loan Products:
Winock Lending Ltd offers various loan products to eligible customers. By applying for a loan, you agree to provide accurate and complete information and to promptly update us in case of any changes.
4.2. Approval:
Approval of any loan application is at the sole discretion of Winock Lending Ltd. We reserve the right to reject applications without explanation or prior notice.
4.3. Repayment:
You agree to repay your loan according to the terms outlined in your loan agreement, including applicable interest rates, fees, and repayment schedule. Failure to repay may result in penalties, legal action, and reporting to credit bureaus.
5. Responsible Use of Services
5.1. Accurate Information:
You agree to provide accurate, truthful, and complete information when using our Services. Misrepresentation or providing false information may result in termination of your access to our Services.
5.2. Prohibited Activities:
You may not use our Services for any illegal or unauthorized purposes, including fraud, money laundering, or other criminal activities. Any such misuse will result in termination of your account and possible legal action.
5.3. Unauthorized Access:
You are responsible for safeguarding your account information, including your username and password. Unauthorized access to our Services or any misuse of your account must be reported to us immediately.
6. Data Privacy and Protection
6.1. Personal Data:
We collect and process personal data in accordance with the Nigeria Data Protection Regulation (NDPR). By using our Services, you agree to our collection, use, and storage of your data as described in our Privacy Policy.
6.2. Confidentiality:
All information you provide to us during the loan application process or while using our Services will be treated confidentially and will not be shared with third parties without your consent, except as required by law or regulatory bodies.
7. Fees and Charges
7.1. Interest Rates and Fees:
The interest rates, fees, and charges applicable to your loan will be clearly disclosed in your loan agreement. We are committed to transparent lending and will not charge hidden fees or charges.
7.2. Penalty Fees:
In the event of late payment or non-payment, penalty fees may apply, as outlined in your loan agreement. Failure to meet repayment obligations may also impact your credit rating.
8. Intellectual Property
8.1. Ownership:
All content, software, and materials available on our website, mobile app, and other platforms, including trademarks, logos, and service marks, are the property of Winock Lending Ltd or its licensors.
8.2. Restrictions:
You may not copy, reproduce, distribute, or create derivative works of any content on our platforms without prior written consent from Winock Lending Ltd.
9. Modifications to Terms
9.1. Modifications:
We reserve the right to modify these Terms and any related policies, including but not limited to our Privacy Policy, at any time. If we make changes, we will communicate these changes to you, and by continuing to use our Services after such communication, you agree to be bound by the latest version of these Terms. It is your responsibility to familiarize yourself with the communicated changes.
10. Alteration and Whole Agreement
10.1. Alteration:
No alteration, variation, or cancellation of this agreement or the Privacy Policy shall have any effect unless directed by us in writing.
10.2. Whole Agreement:
This Agreement constitutes the entire agreement between the parties in regard to the subject matter. No other warranties or representations, except those expressly contained in this agreement, are given by any of the parties.
11. Waiver and Survival
11.1. Waiver:
No relaxation or indulgence provided by Winock Lending Ltd to you shall in any way prejudice or be deemed to be a waiver of its rights under these Terms.
11.2. Survival of Provisions:
Each provision of this Agreement is separate and severable from the others. If any provision is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect, except for those provisions essential for a valid and binding Agreement.
12. Limitation of Liability
12.1. No Warranty:
Our Services are provided on an “as is” and “as available” basis. We make no warranties, express or implied, regarding the accuracy, reliability, or completeness of our Services.
12.2. Limitation:
Winock Lending Ltd shall not be held liable for any direct, indirect, incidental, consequential, or punitive damages arising out of your use of our Services or your inability to use them.
12.3. Third-Party Links:
Our platforms may contain links to third-party websites. We are not responsible for the content, products, or services offered by these third parties.
13. Indemnification
You agree to indemnify, defend, and hold harmless Winock Lending Ltd, its employees, directors, agents, and affiliates from any claims, liabilities, damages, costs, or expenses arising out of your violation of these Terms of Use or misuse of our Services.
14. Governing Law
These Terms of Use are governed by and construed in accordance with the laws of the Federal Republic of Nigeria. Any disputes arising from these terms shall be subject to the exclusive jurisdiction of the courts of Nigeria.
15. Termination
We reserve the right to terminate or suspend your access to our Services at our discretion, with or without cause, and without prior notice, for any violation of these Terms of Use or for any other reason deemed necessary.
16. Contact Information
If you have any questions, complaints, or concerns regarding these Terms of Use or our Services, please contact us at:
Winock Lending Ltd
[Address]
[Phone Number]
[Email Address]