Terms & Conditions

1.1“Loan Facility” means the credit facility offered by the Company to eligible Applicants, subject to the terms of Downpayment, Markup, and repayment set forth herein.

1.2“Downpayment” means the sum equivalent to ten percent (10%) of the total applied Loan amount, payable by the Applicant to the Company in advance of any eligibility determination or disbursement.

1.3“Markup” means the profit/service charge levied by the Company on the principal Loan amount, fixed at five percent (5%), which shall be included in the Applicant’s repayment schedule irrespective of the tenure or structure of instalments.

1.4“Advance Instalment” means the first (1st) instalment of the repayment schedule, which the Applicant is required to remit concurrently with the Downpayment, prior to the Company’s assessment of the Applicant’s eligibility.

1.5“Eligibility Assessment” means the internal verification, credit, KYC, and risk-assessment process undertaken by the Company following receipt of the Downpayment and Advance Instalment, the outcome of which shall be at the sole and absolute discretion of the Company.

1.6“Processing” means the administrative, verificational, and underwriting procedures carried out by the Company upon receipt of the Downpayment and Advance Instalment, which shall commence only after such receipt is confirmed.

2.1Prior to submission of a Loan application for Processing, the Applicant shall be required to remit, in full and in advance, the following amounts to the Company through the designated and verified payment channels of the Company:

2.2The Applicant expressly acknowledges and agrees that remittance of the sums specified in Clause 2.1 is a mandatory condition precedent to the Company’s commencement of Processing, and that no application shall be considered, reviewed, or processed absent such remittance.

2.3Upon confirmed receipt of the Downpayment and Advance Instalment, the Company shall proceed to conduct the Eligibility Assessment. The Applicant acknowledges that remittance of the aforesaid sums does not, in itself, constitute or guarantee approval, eligibility, or entitlement to disbursement of the Loan Facility.

3.1Eligibility for the Loan Facility shall be determined exclusively by the Company, at its sole, absolute, and unfettered discretion, based on criteria including but not limited to identity verification, creditworthiness, documentation authenticity, risk profile, and internal policy thresholds prevailing at the relevant time, none of which shall be disclosed to the Applicant as a matter of right.

3.2In the event that the Applicant is determined by the Company to be eligible, the Company shall proceed to process and, subject to satisfactory completion of all remaining verification requirements, disburse the Loan Facility in accordance with the agreed schedule.

3.3In the event that the Applicant is determined by the Company to be ineligible, for any reason whatsoever and without obligation to furnish detailed justification, the Company shall notify the Applicant of such determination, and the Loan application shall stand terminated with immediate effect.

4.2No claim, demand, or right of action for restitution, reimbursement, set-off, or compensation shall lie against the Company in respect of any sum remitted under Clause 2, whether the Loan is approved, declined, delayed, or withdrawn, save where such non-refund is expressly prohibited by applicable law.

4.3The Applicant confirms that they have been afforded the opportunity to seek independent financial or legal advice prior to remitting any sum to the Company, and that their decision to proceed constitutes informed and voluntary consent to the non-refundable nature of such payments.

5.1The Loan Facility shall carry a fixed Markup of five percent (5%) on the principal amount, applied in accordance with the Company’s prevailing repayment schedule and disclosed to the Applicant prior to remittance of the Advance Instalment.

5.2The Advance Instalment paid under Clause 2.1(b) shall be adjusted against the first scheduled instalment of the approved Loan Facility only in the event of approval and disbursement; in the event of ineligibility under Clause 3.3, Clause 4 shall govern and no such adjustment or refund shall arise.

5.3Subsequent instalments shall be payable strictly in accordance with the schedule communicated to the Applicant upon disbursement, and any delay or default therein shall be subject to the Company’s prevailing default and penalty provisions.

6.1All payments remitted by the Applicant, including the Downpayment, Advance Instalment, and subsequent instalments, shall be substantiated by valid proof of payment submitted through the Company’s platform, and shall be subject to independent verification by the Company’s designated personnel prior to any corresponding credit, adjustment, or acknowledgment being reflected in the Applicant’s account.

6.2The Company reserves the right to reject, delay, or request resubmission of any payment proof that it deems, at its sole discretion, to be incomplete, fraudulent, altered, or otherwise unsatisfactory, without incurring any liability to the Applicant.

7.1The Company shall not be liable for any direct, indirect, incidental, or consequential loss, damage, or expense arising from or in connection with a determination of ineligibility, delay in Processing, or non-disbursement of the Loan Facility, save to the extent such liability cannot be excluded under applicable law.

7.2Nothing in these Terms shall be construed as an assurance, representation, or warranty by the Company that any application will be approved.

8.1The Company reserves the right to amend, modify, or supplement these Terms at any time, with such amendments taking effect upon publication on the Company’s platform. Continued use of the platform following such amendment shall constitute acceptance thereof.

8.2These Terms shall be governed by and construed in accordance with the laws of the Islamic Republic of Pakistan, and any dispute arising hereunder shall be subject to the exclusive jurisdiction of the competent courts at Lahore.

9.1By proceeding with the submission of an application and remittance of the Downpayment and Advance Instalment, the Applicant confirms that they have read, understood, and unconditionally accepted all Clauses contained in these Terms, including without limitation the non-refundable nature of advance payments set out in Clause 4.