Terms and Conditions

1. Agreement to Terms

These Terms and Conditions ("Terms") constitute a legally binding agreement between you and Kemlan Financing Limited ("Kemlan," "we," "us," or "our") governing your use of our website, services, and loan products.

By accessing our website, submitting a loan application, or using any of our services, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree, please do not use our services.

2. Eligibility

To apply for a loan or use our services, you must:

• Be at least 18 years of age
• Be a resident of Jamaica
• Have a valid Tax Registration Number (TRN)
• Have a valid form of government-issued identification
• Have a regular source of income
• Have a valid bank account in your name

We reserve the right to verify your eligibility and may request additional documentation to confirm your information.

3. Loan Application Process

3.1 Application Submission

By submitting a loan application, you represent that all information provided is accurate, complete, and truthful. Providing false or misleading information may result in immediate rejection of your application and potential legal action.

3.2 Credit Assessment

We will assess your application based on various factors including income, employment stability, creditworthiness, and other criteria. Submitting an application does not guarantee approval.

3.3 Application Decision

We aim to process applications within 24-48 hours. You will be notified of our decision via email and/or phone. We are not obligated to provide reasons for rejection.

4. Loan Terms

4.1 Interest Rates

Interest rates vary based on loan type, amount, term, and your credit profile. Specific rates will be disclosed in your loan agreement before disbursement. All rates are calculated on a monthly reducing balance basis.

4.2 Repayment

Loan repayments are due on the agreed dates as specified in your loan agreement. Payments may be made via:

• Salary deduction (where applicable)
• Bank transfer
• Online payment
• Cash payment at our office

4.3 Late Payments

Late payments may incur additional fees as specified in your loan agreement. We offer a grace period of 5 days, after which late fees will apply. Continued non-payment may result in:

• Additional interest and penalty charges
• Negative credit bureau reporting
• Collection proceedings
• Legal action

4.4 Early Repayment

You may repay your loan early without penalty. Interest will be calculated up to the date of full repayment.

5. Fees and Charges

The following fees may apply to your loan:

• Processing Fee: A one-time fee deducted from disbursement
• Late Payment Fee: Applied after the grace period
• Returned Payment Fee: For bounced or failed payments
• Document Replacement Fee: For replacement loan documents

All applicable fees will be clearly disclosed before you accept your loan offer.

6. Your Obligations

As a borrower, you agree to:

• Provide accurate and truthful information
• Make timely repayments as agreed
• Notify us promptly of any changes to your contact information or employment
• Use loan funds for the stated purpose
• Not transfer or assign your loan obligations without our consent
• Cooperate with any verification or collection processes

7. Our Rights

We reserve the right to:

• Approve, reject, or modify loan applications at our discretion
• Verify any information you provide
• Report payment information to credit bureaus
• Assign or sell our rights under the loan agreement
• Demand immediate repayment if you breach these Terms
• Take legal action to recover outstanding amounts

8. Website Use

8.1 Acceptable Use

You agree not to:

• Use the website for any illegal or unauthorized purpose
• Attempt to gain unauthorized access to our systems
• Transmit viruses or malicious code
• Collect user information without consent
• Interfere with the website's operation

8.2 Intellectual Property

All content on this website, including text, graphics, logos, and software, is the property of Kemlan Financing Limited and is protected by copyright and trademark laws.

9. Disclaimers

Our website and services are provided "as is" without warranties of any kind. We do not guarantee that our website will be uninterrupted, secure, or error-free.

The loan calculator and other tools on our website are for informational purposes only. Actual loan terms may differ from estimates provided.

10. Limitation of Liability

To the maximum extent permitted by law, Kemlan Financing Limited shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of our services or website.

11. Indemnification

You agree to indemnify and hold harmless Kemlan Financing Limited, its officers, directors, employees, and agents from any claims, damages, or expenses arising from your breach of these Terms or misuse of our services.

12. Governing Law

These Terms shall be governed by and construed in accordance with the laws of Jamaica. Any disputes arising from these Terms or our services shall be subject to the exclusive jurisdiction of the courts of Jamaica.

13. Changes to Terms

We may update these Terms from time to time. Changes will be posted on this page with an updated revision date. Your continued use of our services after any changes constitutes acceptance of the new Terms.

14. Severability

If any provision of these Terms is found to be unenforceable, the remaining provisions shall continue in full force and effect.

15. Contact Information

For questions about these Terms, please contact us: