Terms & Conditions

Flexiti Limited

These Terms and Conditions govern all loan products, services, and facilities offered by Flexiti Limited. By applying for or accepting any loan from Flexiti Limited, you agree to be bound by these Terms and Conditions, together with any specific terms set out in your loan offer or loan agreement.

Flexiti Limited is a consumer finance company incorporated in Nigeria with RC No. 8631121 and licensed by the Lagos State Government to operate as a Money Lender.

ELIGIBILITY

Loan products offered by Flexiti Limited are available only to individuals, groups, and businesses that meet our eligibility criteria. Eligibility requirements may vary depending on the loan product. Submission of an application or provision of information does not guarantee approval. All loans are subject to credit assessment, verification, and approval.

LOAN APPLICATION AND APPROVAL

All loan applications are subject to review, credit assessment, and verification. Flexiti Limited may request additional documentation or information as part of the assessment process. Approval of any loan is at the sole discretion of Flexiti Limited, and we reserve the right to decline any application without obligation to provide reasons.

LOAN AMOUNTS, TENOR, AND DISBURSEMENT

Approved loan amounts, repayment tenors, interest rates, fees, and other applicable terms will be communicated to the borrower in a loan offer or agreement. Loan disbursement will occur only after all required documentation has been completed and accepted. Funds will be disbursed to the borrower’s nominated bank account.

INTEREST, FEES, AND CHARGES

All loans attract interest and may be subject to applicable fees and charges, including processing fees, management fees, and penalty charges. Applicable rates and fees will be disclosed in the loan offer or agreement provided to the borrower prior to disbursement.

REPAYMENT OBLIGATIONS

Borrowers are required to repay all loan amounts in accordance with the agreed repayment schedule. Repayments may be made monthly or in such other manner as specified in the loan documentation. Failure to meet repayment obligations constitutes a default.

PREPAYMENT

Borrowers may be permitted to repay their loans in full or in part before the agreed maturity date, subject to the terms stated in the loan offer or agreement. Any applicable prepayment conditions or charges will be communicated prior to disbursement.

DEFAULT, LATE PAYMENT, AND RECOVERY

A loan may be considered in default if a borrower fails to make any repayment when due or breaches any term of the loan agreement. In the event of default, Flexiti Limited reserves the right to take appropriate recovery actions, including the enforcement of guarantees, mandates, or other agreed recovery mechanisms in accordance with applicable laws and the loan documentation.

COLLATERAL AND SECURITY

Certain loan products may require collateral, guarantees, or other forms of security. Personal loans may not require physical collateral; however, all loans remain subject to agreed repayment obligations and lawful recovery mechanisms as set out in the loan documentation.

DATA PROTECTION AND PRIVACY

Flexiti Limited collects and processes personal and business information for the purposes of loan assessment, administration, recovery, and regulatory compliance. By applying for a loan, borrowers consent to the use of their information in accordance with applicable data protection laws and Flexiti Limited’s Privacy Policy.

AMENDMENTS

Flexiti Limited reserves the right to amend these Terms and Conditions from time to time. Updated versions will be published on our website. Continued use of our services constitutes acceptance of any updated terms.

GOVERNING LAW

These Terms and Conditions are governed by the laws of the Federal Republic of Nigeria. Any disputes arising in connection with these Terms shall be subject to the jurisdiction of Nigerian courts.