Terms and Conditions
Effective Date: May 2025
These Terms and Conditions (“Terms”) govern your use of KAIZEN MICROFINANCE BANK website, located at 154, Awolowo Road, Ikoyi. By accessing or using our website, applying for a loan, or using any services provided by KAIZEN MICROFINANCE BANK, you agree to be bound by these Terms & Conditions and all applicable laws and regulations.
Interest Rates and Fees
Interest rates and fees associated with loans are determined by the terms of your Loan Agreement. These rates may vary based on the loan amount, loan term, and your creditworthiness.
You are responsible for reviewing the Loan Agreement carefully to understand all applicable rates and fees before agreeing to the loan.
Repayment
You agree to repay the loan in accordance with the repayment schedule outlined in your Loan Agreement. Late payments may incur additional fees or interest charges. If you experience difficulty making a payment, please contact us as soon as possible to discuss possible options.
Privacy and Data Protection
We respect your privacy and are committed to protecting your personal information. By using our website and applying for a loan, you consent to our collection, use, and disclosure of your personal information as outlined in our Privacy Policy.
We may share your information with third parties for the purpose of processing your loan application, performing credit checks, or complying with legal requirements. We will not sell or rent your personal information to third parties without your consent, except as required by law.
Use of the Website
You agree to use our Website only for lawful purposes and in a manner that does not infringe upon the rights of others or restrict their use of the Website. You are prohibited from engaging in any activity that may harm, disable, or interfere with the Website or our services, including, but not limited to, unauthorized access, data scraping, or transmitting malicious code.
Limitation of Liability
To the fullest extent permitted by law, KAIZEN MICROFINANCE BANK is not liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the Website or the loan services, including but not limited to, loss of profits, data, or business opportunities.
In no event shall KAIZEN MICROFINANCE BANK be liable for any damages exceeding the amount you have paid for services rendered from engaging in any activity that may harm, disable, or interfere with the Website or our services, including, but not limited to, unauthorized access, data scraping, or transmitting malicious code.
Amendments
We reserve the right to modify or update these Terms at any time. Any changes will be effective immediately upon posting on this page, and the updated Terms will be effective from the date of posting. You are responsible for reviewing these Terms periodically to stay informed of any changes.
Governing Law and Dispute Resolution
These Terms are governed by the laws of the Federal Republic of Nigeria, without regard to its conflict of laws principles. Any disputes arising out of or in connection with these Terms or your use of the Website will be resolved through [arbitration/mediation] in Nigeria, unless otherwise required by applicable law.
Contact Us
If you have any questions or concerns about these Terms or our services, please contact us at:
KAIZEN MICROFINANCE BANK
154, Awolowo Road, Ikoyi
09099900099
[email protected]