Terms and Conditions for Vine Lims Limited

Effective Date: 1st of January 2025

These Terms and Conditions govern the relationship between Vine Lims Limited and its borrowers.

1. Loan Details

• Minimum Loan Amount: ₦50,000.
• Maximum Loan Amount: ₦500,000.
• Interest Rate: 3% monthly.
• Repayment Period: 3 to 6 months.

2. Borrower Obligations

• Repayment in full, including interest, as per the loan agreement.
• Providing accurate and truthful information during application.

3. Penalties for Late Payments

A penalty of 1% monthly will apply to outstanding amounts.

4. Default and Recovery

In the event of default, Vine Lims Limited may:

• Report the default to credit bureaus.
• Engage debt recovery agents.
• Seize assets pledged as collateral or take legal action.

5. Dispute Resolution

Disputes shall first be resolved through mediation. If unresolved, arbitration will follow in accordance with the Arbitration and Conciliation Act of Nigeria.

6. Marketing Communications

You consent to receive marketing communications. However, you may opt out via email or SMS.

7. Governing Law

These terms are governed by the laws of the Federal Republic of Nigeria.

Contact Information

For inquiries about these Terms and Conditions:

• Email: info@vinelimsltd.com
• Phone: +2348168140056
• Address: 4th Floor Adebola House, 38 Opebi Road, Ikeja, Lagos.