TERMS AND CONDITIONS

This is the website of Myloan Ltd, (Registration Number: 65317, TIN number 200084089-8) (“Myloan”), a public  company registered in the in the kingdom of Lesotho , located at the domain name www.myloan.co.ls (the “Website”).

Myloan provides the information contained in or on this Website and the pages, data, content and information comprising the Website, and advertisements and offers or services advertised on this Website from time to time to the visitors and/or users of the Website (the “User”), are subject to the terms and conditions set out herein and as amended from time to time (the “Terms”).

Kindly read and consider the Terms, together with the Privacy Policy contained, as both the Terms and the Privacy Policy will govern the relationship with the User, in relation to the User’s use of the Website, and will constitute an on-going binding agreement between Myloan and the User.

MYLOAN’S CONTACT DETAILS

Myloan is a registered credit only provider.

Contact details are:

Cell number: +26653797734

Email: info@myloan.co.ls

Physical Address: Upper Moyeni, Quthing, Lesotho

ACCEPTANCE OF TERMS

By accessing the Website, the User is deemed to have read, considered, understood and agreed to the Terms and Privacy Policy.

Myloan may at any time modify, amend, replace or substitute any of the provisions or conditions of the Terms and such modification or substitution will replace any previous terms. The amended terms will become effective once it has been made available on the Website.

Every time the User accesses the Website, the User agrees to be bound by the Terms.

If the User does not wish to be bound by these Terms, as amended from time to time, the User must refrain from accessing, displaying, utilising, downloading or otherwise copy or distribute any content obtained from the Website. Kindly note that the Terms refer to the use by the User of the Website and are not related to any commercial agreement concluded between the User and Myloan or any other third party pursuant to the use of the Website.

CONTENT OF THE WEBSITE

While Myloan makes every effort to update the content and information provided on the Website, Myloan makes no representations and/or warranties, whether express, implied in law, residual or otherwise, as to the accuracy, completeness or reliability of any information, pages, data and/or content on the Website.

The content and information related to the products and services which are featured on this Website are based on the laws of Lesotho unless otherwise expressly stated.

The User’s use of the Website and any dispute arising out of the Website is subject to the applicable laws of Lesotho. Any dispute arising out of the access, use, and publication or otherwise of this Website is subject to the exclusive jurisdiction of the courts or arbitration and dispute resolution bodies of Lesotho.

USE OF THE WEBSITE AND INDEMNIFICATION

By accessing or using the Website or any products or services provided in terms thereof, the User warrants and represents to Myloan that it is legally entitled to do so.

If the User subscribes for any of Myloan’s products or services, the User warrants and represents that the User is legally authorised to subscribe for such products and/or services and hereby indemnifies Myloan against any damage or loss due to the unauthorised use or access of the Website or any of the products or services provided thereon.

The User further warrants that the User will not use the Website, the products and/or the services and/or any information of whatsoever nature made available and/or sent to the User by Myloan pursuant to the User’s use or access of the Website for any purpose that is unlawful and/or prohibited under Lesotho and/or international law or is contravention of the Terms.

The User hereby indemnifies Myloan against any loss, liability, damage, claim, action or expense of whatsoever nature which Myloan or any third party may suffer which is caused by or attributable to, whether directly or indirectly, a breach by the User of any of the provisions in these Terms.

This Website is available to the User for the User’s non-commercial use and User may print pages for the User’s personal use but no part of the Website may be copied, reproduced or transmitted for any other purpose in any way whatsoever.

Myloan may modify, withdraw or deny access to this Website at any time without any recourse of the User.

The Website is intended to provide general information regarding Myloan, Myloan’s products and services, and other information which may be of interest to the User. It is not intended to provide the exhaustive treatment of any subject.

COPYRIGHT AND INTELLECTUAL PROPERTY

Copyright, proprietary rights and all intellectual property rights and all materials, texts, information, illustrations and data made available on the Website (the “Intellectual Property”) are owned by Myloan, alternatively, Myloan is the lawful user thereof, and is protected by both Lesotho and international intellectual property laws. Any unauthorised copying, reproduction, retransmission, distribution, dissemination, sale, publication, broadcast or other circulation or exploitation of such Intellectual Property or any component thereof will be an infringement of such rights and the User shall indemnify Myloan and any third party against any loss, liability, damage, claim, action or expense of whatsoever nature which Myloan or any third party may suffer which is caused by or attributable to the User’s unauthorised use of the Intellectual Property.

The User may use the Intellectual Property or any component thereof for the User’s own internal non-commercial purposes and for purposes of considering and making use of the services and/or products offered by Myloan.

The trademarks, names, logos, designs and service marks (the “Trademarks”) displayed on this Website whether registered or unregistered, are the property of Myloan. Nothing contained on this Website should be construed as granting any licence or right to use any Trademark without the prior written permission of Myloan.

THIRD PARTY LINKS

From time to time, the Website may also include links to other websites (“Links”), including, but not limited to advertisements, but they are beyond the control or responsibility of Myloan. These links are provided in order to enhance the interest of other featured content and are not intended to signify that Myloan endorses, supports, advocates or otherwise has any responsibility for the content of the Links or the use or access thereof by the User. Use or reliance on any Links provided is at the User’s own risk and Myloan makes no representation in relation thereto whatsoever. When visiting Links, the User must refer to the external terms and conditions of use of such Links.

No endorsement or approval of any third party or their advice, opinions, information, products or services is expressed or implied by any information, material, date or pages on the Website.

PERMISSION TO LINK TO THE WEBSITE

No person, business, entity or website may establish a hyperlink, frame, meta tag or similar reference, whether electronically or otherwise (“Linking”), to the Website or any subsidiary pages before receiving Myloan’s prior written approval, in their sole discretion, which may be withheld or granted subject to the conditions Myloan specifies from time to time.

FRAMING

No person, business, entity or website may frame the Website or any of the pages on the Website in any way whatsoever.

CRAWLERS AND SPIDERS

No person, business, entity or website may use any technology or device to search and/or gain information from the Website without the prior written consent of Myloan.

WARRANTIES, DISCLAIMERS AND LIMITATION OF LIABILITY

Save as set out in the Terms, Myloan makes no warranties, representations, statements or guarantees, whether express, implied in law or residual regarding the: Website; service/s and/or products; and Links and service/s and/or products made available via the Website.

The Website and the service/s and/or products are provided “as is”. Myloan does not make any warranty or representation that information and service/s and/or products advertised on the Website are appropriate or suitable for use in any jurisdiction or for any business or personal use.

Myloan, its subsidiaries, its affiliates, any of its respective agents, employees, information providers or content providers (the “Myloan Affiliates”) specifically do not make any warranties or representations regarding the accuracy or completeness of any information or services and/or products advertised.

To the fullest extent possible by law, the Myloan Affiliates expressly disclaim all, express or implied warranties, including, without limitation: warranties and non-infringement; compatibility; security; and accuracy, in respect of this Website.

Myloan Affiliates do not warrant that the Website or any software available for download via the Website is free of viruses or destructive codes.

Myloan Affiliates shall not be responsible for, and they hereby disclaim all liability for: any loss, liability, damage (whether direct, indirect, specific, incidental or consequential); any expense or cost of any nature whatsoever which may be suffered by the User or any third party, as a result of or which may be attributable, directly or indirectly, to the User’s access and/or use of the Website; any information or material contained on or received via the Website; the User’s use of the service/s and/or products; and/or the User’s reliance on any information or Links offered via the Website and service/s and/or products, whether arising negligently or not.

Without limiting the generality of the a foregoing, Myloan Affiliates shall not be liable for any: loss of business; loss of data; loss of profits; failure and/or unavailability of the Website for any reason whatsoever; and/or failure and/or delay by any third party service provider to render any service/s which are necessary to ensure the availability of the Website.

This Website is made available for public viewing on the basis that Myloan Affiliates excludes, to the extent lawfully permitted all liability whatsoever for any loss, claim, action or damage howsoever arising out of the use of this Website or reliance upon the content of this Website.

Information transmitted via the internet is susceptible to monitoring and interception. The User will bear all risks of transmitting information in this manner. Myloan Affiliates will not be liable for any loss, harm or damage suffered by the User as a result of transmitting information to us.

The User specifically acknowledges and agrees that Myloan Affiliates are not liable for any conduct of any User in any way whatsoever in respect of the access, use or sharing of the resources or otherwise provided on the Website.

Any unsolicited confidential or proprietary information (the “Information”) sent to Myloan via the internet cannot be guaranteed to remain confidential. If the User needs to send the Information to Myloan and the User is concerned about the security of the Information please contact Myloan and a representative of Myloan will advise the User of the most appropriate method of transmission.

Nothing on this Website is intended to be, nor should it be construed as, an offer to enter into a contractual relationship with the User or anyone else, except for the Terms which govern the relationship between Myloan in relation to the User’s access or use of the Website. The advertising of Myloan services and/or products via the Website merely constitute an invitation by Myloan for the User to make an application for credit. Myloan reserve the right to reject and/or refuse any application for any reason whatsoever on notice to the User.

Should Myloan accept the User’s application for credit, the agreement is governed by the Terms and conditions of the application and loan agreement itself and not by these Terms which specifically relate to the access and use of the Website.

COMPLIANCE WITH LEGISLATION

Myloan will not tolerate anyone accessing or using the Website (including the loan application process) in contravention of any law, whether in common law or statute and reserves the right to take action against anyone doing so, including laying a criminal charge.

THE CUSTOMER’S CONSENT

By submitting details and/or using Myloan’s service the Customer accepts the Privacy Policy and expressly provides voluntary, specific and informed consent to the use and disclosure of the Customer’s personal information in the manner described below. The Customer has the right to object to Myloan use of the Customer’s personal information. Depending on the information the Customer objects to, Myloan may not be able to proceed with the Customer’s loan application/s as certain information is required for the conclusion or performance of the credit application and/or loan agreement and Myloan is obliged by law to obtain same.

The Customer agrees and warrants that the Customer has read, considered and understood the terms contained in this Privacy Policy and that this Privacy Policy will constitute an on-going binding agreement between Myloan and the Customer.

 Consumer complaints and redress procedure

The Borrower agrees that in the event of any dispute or uncertainty he/she will discuss the matter with the Lender as a first step to resolve the issue. If the matter is not resolved to his/her satisfaction, the Borrower will submit his/her issue in writing to the Lender and this should be resolved within 30days and if the dispute is not resolved thereafter to be at liberty to take up the matter to CENTRAL BANK OF LESOTHO. If the matter still not resolved, it can be taking to HIGH COURTS OF LESOTHO

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