3kle Loan Terms
Version 1.0 * September 2023
3kle Peer-to-Peer Lending and Quick Loans Terms & Conditions
Last Updated: August 27th, 2024
3kle has established a partnership with a prominent banking institution in Nigeria, First City Monument Bank Limited (FCMB). This collaboration allows 3kle to offer banking services directly to customers, enhancing their access to loans and a variety of financial services. As an innovative platform, 3kle acts as a collection wallet, ensuring that users' funds are securely directed to FCMB banks. This setup guarantees that users' money and data are safe and readily available whenever needed. By leveraging the capabilities and resources of these established banks, 3kle strives to provide a seamless and trustworthy banking experience for its users. This document outlines the terms and conditions associated with our loan services. It is essential for you to carefully evaluate whether our lending services align with your acceptable levels of risk and investment goals. You should only allocate funds that you can afford to lose, considering your other financial obligations.
Please be advised that any due diligence we conduct on a borrower, or their associated identity does not imply an endorsement of that borrower, and you should not solely rely on this information when assessing a loan opportunity. By utilizing our services, you acknowledge that you possess the necessary expertise and understanding to comprehend the risks involved in the transactions. Alternatively, you should seek advice from a qualified investment professional or advisor to help you grasp the associated risks.
We do not assume responsibility for determining the appropriateness of any loan opportunity for you or any specific purpose related to your subscription. Before making any loan commitment, you should carefully review the risk statement detail below:
1. Introduction
3kle is a platform that facilitates loans between lenders and borrowers. By registering, users accept these terms and conditions, which govern their use of the platform.
2. Definitions
Key terms include: - Lender Member: An individual or entity that lends money through the platform. - Borrower: An individual or entity that borrows money through the platform. - Loan: The amount of money borrowed by the Borrower from the Lender Member. - 3kle: The company operating the platform.
3. Risk Warning
- Investment Risk: Engaging in P2P lending involves significant risks, including the potential loss of capital. The Nigerian Deposit Insurance Corporation (NDIC) does not cover these loans because it small and unsecured loans - No Advice Provided: 3kle does not offer financial advice. Users must conduct their research before deciding to invest.
4. InterpretationTerms in singular include plural forms and references to genders will include the opposite genders.
5. Legal & Regulatory3kle is a product of Talaris Capital and Investments Limited registered in Nigeria (RC1777576). 3kle is a registered digital bank and wealth management company. We have taken several measures to help keep your account and information protected when you open an account and use 3kle.
6. Basis of Agreement
These terms represent the entire agreement between 3kle and its users, superseding any prior agreements.
7. Representations & Warranties
Lenders confirm that they are of legal age, provide true information, and understand the risks associated with P2P lending.
8. Risk Acknowledgment
Users acknowledge the inherent risks of lending through the platform and accept responsibility for their own investment decisions.
9. Appointment of 3kle as Agent
3kle acts on behalf of lenders to handle loan management, repayments, and other functions as specified.
10. Lending
Minimum loan commitments start at 1000 naira and above, with options to lend in tranches of varying priority.
11. Default and Enforcement
In case of borrower defaults, 3kle will attempt to recover owed amounts and inform lenders of overdue payments.
13. Client Money Account
Lender funds are held in a segregated FCMB Bank money account, ensuring proper management and safety of funds.
14. Interest Payment and Repayment
Interest is earned once the loan is disbursed, with repayments scheduled monthly.
15. Term and Termination
The agreement remains in effect until terminated either by the lender (upon having no outstanding loans) or by 3kle under specified conditions.
17. Cancellation Rights
Lenders may cancel or delete their account registration at any time, except during the period in which they commit to a loan.
18. Identification Requirements
Lenders must provide personal information for identity verification before they can engage in lending.
19. Confidentiality
Both lender and borrower identities are confidential. Information will not be disclosed without consent, except as required by law.
20. Tax Responsibilities
Lenders are responsible for their tax obligations and should seek independent tax advice.
21-24. Cookies, Privacy, and Intellectual Property Rights
3kle will use cookies, maintain a privacy policy detailing data usage, and hold all intellectual property rights associated with the platform and its content.
25. Limitation of Liability
Responsibility of either party is limited unless stipulated otherwise, ensuring mutual protection.
26. Right of Set-Off
3kle reserves the right to offset the liabilities of lenders against any amounts owed to them.
27. Amendments to Terms
3kle may amend the terms and conditions as necessary, with changes communicated to users.
28. Ceasing to be a Lender
Users can withdraw from the platform, subject to specific conditions, including the resolution of outstanding obligations.
29. General Provisions and Complaints
These define the governing law, rights assignment, and the process for lodging complaints with the service.
30. Loan Application Process
A comprehensive overview of the steps and requirements involved in applying for a loan through the platform.
31. Personal Information Collection and Usage
Details regarding the collection, usage, and sharing of personal data, ensuring compliance with applicable regulations.
32. Advertising and Marketing
3kle may use personal data to provide targeted advertising but will not sell personal information without user consent.
33. Default Fees
In cases of missed payments, borrowers are encouraged to contact 3kle for potential modifications to their repayment plans.
34. Changes to the Privacy Policy
3kle may modify its privacy policy at its discretion, with updates communicated to users.
35. Contact Information
Users can reach out to 3kle through the provided contact channels for questions or concerns regarding their rights or the loan process.
Conclusion
These terms and conditions are intended to protect the interests of both lenders and borrowers while establishing a clear framework for peer-to-peer lending and Quick Loans through the 3kle platform. Users are encouraged to fully understand these terms and seek independent financial advice if necessary.
Disclaimer: This document is a general guide and is not intended to replace professional advice.
Note: Users should read the complete detailed terms and conditions before using the platform, as they are legally binding upon registration.
Last Updated: August 27th, 2024
3kle has established a partnership with a prominent banking institution in Nigeria, First City Monument Bank Limited (FCMB). This collaboration allows 3kle to offer banking services directly to customers, enhancing their access to loans and a variety of financial services. As an innovative platform, 3kle acts as a collection wallet, ensuring that users' funds are securely directed to FCMB banks. This setup guarantees that users' money and data are safe and readily available whenever needed. By leveraging the capabilities and resources of these established banks, 3kle strives to provide a seamless and trustworthy banking experience for its users. This document outlines the terms and conditions associated with our loan services. It is essential for you to carefully evaluate whether our lending services align with your acceptable levels of risk and investment goals. You should only allocate funds that you can afford to lose, considering your other financial obligations.
Please be advised that any due diligence we conduct on a borrower, or their associated identity does not imply an endorsement of that borrower, and you should not solely rely on this information when assessing a loan opportunity. By utilizing our services, you acknowledge that you possess the necessary expertise and understanding to comprehend the risks involved in the transactions. Alternatively, you should seek advice from a qualified investment professional or advisor to help you grasp the associated risks.
We do not assume responsibility for determining the appropriateness of any loan opportunity for you or any specific purpose related to your subscription. Before making any loan commitment, you should carefully review the risk statement detail below:
1. Introduction
3kle is a platform that facilitates loans between lenders and borrowers. By registering, users accept these terms and conditions, which govern their use of the platform.
2. Definitions
Key terms include: - Lender Member: An individual or entity that lends money through the platform. - Borrower: An individual or entity that borrows money through the platform. - Loan: The amount of money borrowed by the Borrower from the Lender Member. - 3kle: The company operating the platform.
3. Risk Warning
- Investment Risk: Engaging in P2P lending involves significant risks, including the potential loss of capital. The Nigerian Deposit Insurance Corporation (NDIC) does not cover these loans because it small and unsecured loans - No Advice Provided: 3kle does not offer financial advice. Users must conduct their research before deciding to invest.
4. InterpretationTerms in singular include plural forms and references to genders will include the opposite genders.
5. Legal & Regulatory3kle is a product of Talaris Capital and Investments Limited registered in Nigeria (RC1777576). 3kle is a registered digital bank and wealth management company. We have taken several measures to help keep your account and information protected when you open an account and use 3kle.
6. Basis of Agreement
These terms represent the entire agreement between 3kle and its users, superseding any prior agreements.
7. Representations & Warranties
Lenders confirm that they are of legal age, provide true information, and understand the risks associated with P2P lending.
8. Risk Acknowledgment
Users acknowledge the inherent risks of lending through the platform and accept responsibility for their own investment decisions.
9. Appointment of 3kle as Agent
3kle acts on behalf of lenders to handle loan management, repayments, and other functions as specified.
10. Lending
Minimum loan commitments start at 1000 naira and above, with options to lend in tranches of varying priority.
11. Default and Enforcement
In case of borrower defaults, 3kle will attempt to recover owed amounts and inform lenders of overdue payments.
13. Client Money Account
Lender funds are held in a segregated FCMB Bank money account, ensuring proper management and safety of funds.
14. Interest Payment and Repayment
Interest is earned once the loan is disbursed, with repayments scheduled monthly.
15. Term and Termination
The agreement remains in effect until terminated either by the lender (upon having no outstanding loans) or by 3kle under specified conditions.
17. Cancellation Rights
Lenders may cancel or delete their account registration at any time, except during the period in which they commit to a loan.
18. Identification Requirements
Lenders must provide personal information for identity verification before they can engage in lending.
19. Confidentiality
Both lender and borrower identities are confidential. Information will not be disclosed without consent, except as required by law.
20. Tax Responsibilities
Lenders are responsible for their tax obligations and should seek independent tax advice.
21-24. Cookies, Privacy, and Intellectual Property Rights
3kle will use cookies, maintain a privacy policy detailing data usage, and hold all intellectual property rights associated with the platform and its content.
25. Limitation of Liability
Responsibility of either party is limited unless stipulated otherwise, ensuring mutual protection.
26. Right of Set-Off
3kle reserves the right to offset the liabilities of lenders against any amounts owed to them.
27. Amendments to Terms
3kle may amend the terms and conditions as necessary, with changes communicated to users.
28. Ceasing to be a Lender
Users can withdraw from the platform, subject to specific conditions, including the resolution of outstanding obligations.
29. General Provisions and Complaints
These define the governing law, rights assignment, and the process for lodging complaints with the service.
30. Loan Application Process
A comprehensive overview of the steps and requirements involved in applying for a loan through the platform.
31. Personal Information Collection and Usage
Details regarding the collection, usage, and sharing of personal data, ensuring compliance with applicable regulations.
32. Advertising and Marketing
3kle may use personal data to provide targeted advertising but will not sell personal information without user consent.
33. Default Fees
In cases of missed payments, borrowers are encouraged to contact 3kle for potential modifications to their repayment plans.
34. Changes to the Privacy Policy
3kle may modify its privacy policy at its discretion, with updates communicated to users.
35. Contact Information
Users can reach out to 3kle through the provided contact channels for questions or concerns regarding their rights or the loan process.
Conclusion
These terms and conditions are intended to protect the interests of both lenders and borrowers while establishing a clear framework for peer-to-peer lending and Quick Loans through the 3kle platform. Users are encouraged to fully understand these terms and seek independent financial advice if necessary.
Disclaimer: This document is a general guide and is not intended to replace professional advice.
Note: Users should read the complete detailed terms and conditions before using the platform, as they are legally binding upon registration.