TERMS AND CONDITIONS FOR ACCESSING AND USING LOANSPOT WEBSITE/PRODUCT

LOANSPOT DIGITAL TECHNOLOGY LIMITED WEBSITE/PRODUCT ACCESS AGREEMENT

Please read these Terms and Conditions (“Terms”, “Terms and Conditions”) carefully before using www.loanspot.ng or www.loanspot.africa (“website/product”) which is the product of Loanspot Digital Technology Limited (“Loanspot”/”we”/”us”/”our”) (a company duly registered in Nigeria).

The Loanspot website/product is an online market place that connects Borrowers to Lenders thereby increasing accessibility to available credit products made available by Lenders. Loanspot seeks to activate Users who use the website/product into prequalified Borrowers and provide Lenders with a steady supply of vetted and profiled Borrowers better suited to the products of the Lenders. At the present time, Loanspot is not a lender or a financial institution but its website/product provides a platform to connect Lenders with Borrowers. Your access to and use of the website/product is conditioned on your acceptance of and compliance with these Terms and Conditions. These Terms and Conditions apply to all who access and use the website/product.

If you do not wish to be bound by this Agreement, do not access and or use the Loanspot website/product.

The following words shall have the following meaning in these Terms and Conditions:

“Borrower” shall mean any person who applies to receive a loan through the website/product. “Lender” shall mean any entity that uses the website/product to provide loans to Borrowers.

“User” shall mean any person who visits the website/product.

  1. Acceptance

By accessing, using, or attempting to interact with any part of this website/product, you confirm that you have read, understood, accept and agree to be bound by these Terms and Conditions as they appear on this website/product at the time you access and use this website. In the event that you fail to comply with these Terms and Conditions for any reason whatsoever, you agree that your access to and use of the website/product may be restricted or denied altogether. These Terms and Conditions, as may be modified or amended from time to time, is a legally binding document between you and Loanspot, which govern your use of the website/product. IF YOU DO NOT AGREE TO ABIDE BY THE TERMS AND CONDITIONS, PLEASE DO NOT CONTINUE TO ACCESS OR USE THE LOANSPOT WEBSITE/PRODUCT.

  1. Age of Use

To access the website/product, you must be, and hereby represent and warrant that you are at least 18 years of age and of legal competence to enter into a binding agreement with us, and are not otherwise prohibited under these Terms and Conditions or any applicable laws from using the website/product.

  1. Access Credentials
    1. Certain areas or features of the website/product may be restricted to Users who have obtained a user identification and password by completing a registration process described on this website/product. Protect and maintain the confidentiality of any user identification, password or other identifying information you may obtain in connection with your use of this website/product.
    2. You undertake that you shall notify Loanspot immediately if you believe your user identification, password or other identifying information has been lost, stolen or otherwise compromised. You also acknowledge and agree that you are solely responsible for all damages or claims that may arise from any access to or use of this website/product by any person to whom you have provided your user identification, password or other identifying information, or by any person who has obtained such information from you, including, but not limited to, any access to or use of this website/product that may occur after you have notified us that your user identification, password or other identifying information has been lost, stolen or otherwise compromised.
  2. Use of Loanspot Website/Product

You are responsible for safeguarding the password and other registration information that you provide and or use to access the website/product. We encourage you to use “strong” passwords (passwords that use a combination of upper and lower case letters, numbers and symbols). We cannot and will not be liable for any loss or damage arising from your failure to comply with the above. You agree that you have the sole responsibility and liability for your use of this website/product and for providing, obtaining, and maintaining all hardware, software, telephone, mobile and/or other communications equipment and/or service to connect to the internet and access the Loanspot website/product. You also have the responsibility for securing internet access as well as all internet access charges, telephone charges and other fees or charges incurred in connecting to the internet for accessing Loanspot website/product.

  1. Privacy

Your use of the website/product signifies your consent to our Privacy Policy, which governs our collection and use of personal information that you supply to us or that we collect from or about you. You can examine our Privacy Policy any time by clicking on the “Privacy” link on the website/product.

  1. User Conduct

You agree to access and use the Loanspot website/product for lawful purposes only. You are entirely responsible for the knowledge of and adherence to any and all laws, statutes, rules and regulations relating to (a) your use of Loanspot website/product (including any interactive area), (b) the use of any networks or other services connected to Loanspot website/product and (c) the means by which you connect your computer, mobile phone, modem or other equipment to the Loanspot website/product. By accessing the Loanspot website/product, you agree that you shall not:

  1. Post or transmit any information, software or other material that contains a virus or other harmful component;