Terms & Conditions

1. Agreement to Terms

By accessing and using quick-loan.co.ke ("Website", "Service", "Platform"), you accept and agree to be bound by these Terms and Conditions. If you do not agree to these terms, you should not use our services.

These Terms constitute a legally binding agreement between you (the "User", "Borrower", "You") and quick-loan.co.ke (the "Company", "We", "Us", "Our") regarding your use of the loan services provided through our platform.

2. Eligibility Requirements

To be eligible for a loan through our platform, you must meet the following criteria:

• Be at least 18 years of age or the legal age of majority in Kenya
• Be a Kenyan citizen or legal resident with valid identification
• Have a valid mobile phone number and active mobile money account
• Have a verifiable source of income
• Provide accurate and complete information during the application process
• Not be currently in bankruptcy or insolvency proceedings

We reserve the right to verify your eligibility and may request additional documentation to support your application.

3. Loan Terms and Conditions

3.1 Loan Amounts

• New Customers: 500 KES to 15,000 KES
• Repeat Customers: 500 KES to 100,000 KES

3.2 Loan Duration

Loan terms range from 5 to 90 days, depending on the amount borrowed and your creditworthiness.

3.3 Interest Rates and Fees

• Interest rate starts from 0.9% depending on your credit profile
• All fees and charges will be clearly disclosed before you accept the loan
• There are no hidden fees or charges
• Early repayment does not incur penalties

3.4 Disbursement

Upon approval, loan funds will be disbursed directly to your mobile money account or bank account within 5 minutes to 24 hours, depending on processing times and verification requirements.

4. Application Process

4.1 Application Submission

To apply for a loan, you must:

• Complete the online application form with accurate information
• Provide valid identification documents
• Consent to credit checks and verification processes
• Agree to these Terms and Conditions

4.2 Credit Assessment

We will assess your application based on various factors including:

• Credit history and credit bureau reports
• Income and employment verification
• Debt-to-income ratio
• Previous loan repayment history (if applicable)

4.3 Approval and Rejection

We reserve the right to approve or reject any loan application at our sole discretion. If your application is rejected, we are not obligated to provide specific reasons for the rejection.

5. Repayment Obligations

5.1 Repayment Schedule

You agree to repay the full loan amount plus interest and any applicable fees by the due date specified in your loan agreement. Repayment will be automatically deducted from your mobile money account or bank account on the due date.

5.2 Late Payment

If you fail to make payment by the due date:

• Late payment fees may be charged as disclosed in your loan agreement
• Your credit score may be negatively affected
• We may report the delinquency to credit reference bureaus
• We may engage collection agencies to recover the outstanding amount
• Legal action may be taken to recover the debt

5.3 Early Repayment

You may repay your loan in full before the due date without penalty. Early repayment may reduce the total interest charged.

6. User Responsibilities

As a user of our platform, you agree to:

• Provide accurate, current, and complete information
• Maintain the security of your account credentials
• Notify us immediately of any unauthorized use of your account
• Use the loan funds for lawful purposes only
• Comply with all applicable laws and regulations in Kenya
• Update your contact information if it changes
• Respond promptly to communication from us regarding your loan

7. Prohibited Activities

You agree not to:

• Provide false, misleading, or fraudulent information
• Use another person's identity or information without authorization
• Apply for multiple loans simultaneously using different identities
• Use the loan for illegal activities or purposes
• Attempt to manipulate or interfere with the platform's operation
• Use automated systems or software to access the platform
• Reverse engineer, decompile, or disassemble any part of the platform

8. Credit Reporting

By accepting these Terms, you authorize us to:

• Obtain your credit report from credit reference bureaus in Kenya
• Report your loan performance (positive or negative) to credit bureaus
• Share information about your account status with authorized third parties
• Use your credit information to assess future loan applications

9. Data Protection and Privacy

We are committed to protecting your personal information in accordance with applicable Kenyan data protection laws. For detailed information about how we collect, use, and protect your data, please refer to our Privacy Policy.

10. Intellectual Property

All content on the Website, including text, graphics, logos, images, software, and other materials, is the property of quick-loan.co.ke or its content suppliers and is protected by Kenyan and international copyright laws.

You may not reproduce, distribute, modify, or create derivative works of any content without our prior written consent.

11. Disclaimer of Warranties

The Service is provided "as is" and "as available" without warranties of any kind, either express or implied, including but not limited to:

• Warranties of merchantability or fitness for a particular purpose
• Warranties that the Service will be uninterrupted or error-free
• Warranties regarding the accuracy or reliability of information

We do not guarantee loan approval and reserve the right to modify or discontinue the Service at any time.

12. Limitation of Liability

To the maximum extent permitted by law, quick-loan.co.ke shall not be liable for any indirect, incidental, special, consequential, or punitive damages resulting from:

• Your use or inability to use the Service
• Unauthorized access to or alteration of your data
• Errors, mistakes, or inaccuracies in the Service
• Loss of data or financial loss

13. Indemnification

You agree to indemnify, defend, and hold harmless quick-loan.co.ke and its officers, directors, employees, and agents from any claims, liabilities, damages, losses, and expenses arising from:

• Your violation of these Terms and Conditions
• Your violation of any rights of another party
• Your use of the Service
• Your breach of any applicable laws or regulations

14. Modifications to Terms

We reserve the right to modify these Terms and Conditions at any time. Changes will be effective immediately upon posting on the Website. Your continued use of the Service after changes are posted constitutes your acceptance of the modified Terms.

We encourage you to review these Terms periodically to stay informed of any updates.

15. Termination

We may terminate or suspend your access to the Service immediately, without prior notice or liability, for any reason, including:

• Breach of these Terms and Conditions
• Fraudulent or illegal activities
• Failure to repay loans as agreed
• At our sole discretion for any other reason

Upon termination, all outstanding loan obligations remain due and payable immediately.

16. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of Kenya. Any dispute arising out of or relating to these Terms shall be resolved through:

• Good faith negotiation between the parties
• If negotiation fails, mediation or arbitration as agreed by both parties
• If all alternative dispute resolution methods fail, litigation in the courts of Kenya

17. Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

18. Entire Agreement

These Terms and Conditions, together with our Privacy Policy and any other policies referenced herein, constitute the entire agreement between you and quick-loan.co.ke regarding the use of our services.

19. Contact Information

If you have any questions or concerns about these Terms and Conditions, please contact us at: