Interpretation

1. In this agreement clause headings are for convenience and are not be used in its interpretation.

Interest

1. You can decide on the amount interest you willing to charge based on the amount of pledge you set and can’t be changed once you have decided.
2. Interest is calculated once-off and will be added to the pledge amount.
3. Provided that Finlee fails to meet its repayment obligations, further interest of 1% will be charged once per month but this will only apply if payment is overdue.
4. The interest will be changed overtime determined by the number of applications received and as such, those who apply early may have the option to choose a higher interest than those who apply later.

Fees, costs and charges

1. The application fee is once-off and non-refundable. Finlee my offer to increase the application fee depending on the service offered.
2. When paying the application fee, payment processing fees may apply.
3. No additional charges on the loan will be incurred
4. Finlee will not be liable for any legal costs in case we fail to meet our obligations
5. The amount you set as pledge will not be required

Payment of loan

The loan established by you (i.e. Client) will be repaid with interest together with stated pledge amount. However, the payment of the loan will be done so provided the conditions are met by Finlee:

1. A total social following of 1.5 million on either social media platform where Finlee is available

The loan will be paid either once off, monthly but such is decided by the client.

Payment of Pledge

The amount you set as pledge, as stated will not be required at all but note that you can only set the pledge amount less than the application fee.

Process of Agreement of Loan

1. For such agreement to be finalized, Finlee will have to meet the following conditions
   1. Have a physical office and address
   2. Have a working telephone line
2. A prepared legal documentation signed by both parties

General

1. The loan agreement contains everything we and you have agreed on and any change excluding the “Payment of loan conditions” must be signed by both parties. If either party decides not to use a right in this loan agreement, it does not mean that the right is lost in terms of the agreement. If you or we wish to waive a right in terms of this agreement, you or we must provide such waiver in writing. Every undertaking in this loan agreement is speared from others. If any clause is found to be unlawful or cannot be used for any reason, the other clauses will not be affected by its invalidity.
2. We have the right, with or without your consent, to change the “Payment of Loan” conditions and by applying for the service you agree such changes can be done at any time.
3. You will be required to provided us with documentation (i.e. ID etc) upon signing the final agreement
4. This service will be limited to a certain number of people who apply and as such any changes to the limit maybe kept the same or changed with or with your consent.

By applying for Yourloan, you accept the fees, this together with the terms and conditions shall be the agreement between Finlee and the client. Any changes to the terms and conditions will be announced be going into effect.