By applying for a loan through our USSD service, you agree to the following terms and conditions:
- Eligibility
- You must be at least 18 years old.
- You must have a valid mobile number registered with Africell.
- You must have an active Afrimoney account.
- You must have an active transaction history.
- Loan Application & Approval
- Loan approvals are subject to verification and creditworthiness.
- The loan amount granted is based on your credit profile and repayment history.
- Afrimoney reserves the right to approve or reject loan applications.
- Loan Disbursement
- Approved loans will be disbursed to your Afrimoney account within 24hrs after application.
- You are responsible for ensuring that the provided account details are correct.
- Repayment Terms
- Loan repayment must be made by the due date specified at the time of disbursement.
- Repayments can be made via your Afri money account.
- Due loans are automatically deducted from the Afri money account.
- Late repayments may result in penalties and affect future loan eligibility.
- Interest Rates & Fees
- The applicable interest rate and service fees will be communicated before loan approval.
- Late repayments will attract additional charges as specified in the loan agreement.
- Default & Consequences
- Failure to repay the loan may result in:
- Additional penalty charges.
- Reporting to credit bureaus, affecting your credit score.
- Legal action or recovery measures by Afri money.
- Data Privacy & Security
- Your personal and financial information will be kept confidential and used only for loan processing and credit assessment.
- By using this service, you consent to data verification with third-party agencies for credit assessment purposes.
- Amendments & Termination
- Afrimoney reserves the right to modify these terms and conditions at any time.
- We may suspend or terminate your access to loans in cases of fraud, misrepresentation, or failure to meet the requirements.
- Contact & Support
For any inquiries, reach out to our customer service at [+ 232 333 90711] or visit [www.celloafrica.com/contact].
By proceeding with this loan application, you confirm that you have read, understood, and agreed to these terms and conditions.
