June 22, 2026
These KasyKredit Terms and Conditions (the "Terms") are a binding contract between FLAGLA LENDING LTD (RC 8455713), the owner and operator of the KasyKredit platform (hereinafter referred to as "KasyKredit", "we", "us" or "our"), and users ("you", "your") regarding the usage of the KasyKredit loan service (the "Service").
By clicking "Agree", "Apply Now" or any other related icon, and using the Service, you indicate that you accept these Terms. Notwithstanding, if you are under eighteen (18) years of age, you may not use the Service.
Kindly take your time to read all contents of these Terms (especially segments that are highlighted, underlined, or in bold) before accepting. If you do not agree with any portion of these Terms, or do not understand the meaning of a provision accurately, please do NOT click agree or perform any follow-up actions, as such actions will be deemed an inferred acceptance of these Terms. Should you have any questions regarding any of the provisions of these Terms, please reach us via our customer service channels for clarification.
We reserve the right to update these Terms from time to time. When this happens, we will communicate the changes to you. Your continued use of the Service after changes to the Terms are announced and come into effect shall indicate that you agree to be bound by the latest version. It is your responsibility to acquaint yourself with the communicated changes.
KasyKredit: refers to the loan service through which you (as our customer) may select and apply for a loan according to these Terms. You may select from a range of loan products, with attendant terms and conditions associated with each kind of loan on our Platform.
Platform: refers to any of our outlets, including our website (and any sub-domains thereof), mobile application or other application channels, from which you may access the products of KasyKredit.
Designated Account: refers to the bank account, linked to your Bank Verification Number (BVN), connected to your application, use, disbursement and repayment under this Service.
KasyKredit Account: refers to the account you created on our Platform in order to use the Service. You fully acknowledge that this account will be used throughout the process of the application.
Interest Rate: refers to the interest charges connected with the loan product you opt for. The interest rate will be clearly stated on our Platform and on each loan product page, prior to your subscription to the Service.
Due Date: refers to the date on which the Repayment Amount becomes due and payable, as stated on your loan product page and confirmed at disbursement.
Instructions: refer to the instructions (including, but not limited to, information transmission instructions and authorization instructions) issued to KasyKredit through a Designated Account, a payment password, or in accordance with any other method agreed to in these Terms. For the avoidance of doubt, all instructions and their contents are irrevocable and unchangeable, unless expressly stipulated otherwise in accordance with an agreement with us.
Credit Limit: refers to the KasyKredit loan amount that you are eligible for.
Repayment Amount: refers to the sum of your KasyKredit principal, interest, and any default/penalty charges and other payables (if any) that must be repaid on or before the Due Date.
You must be registered on our Platform to access or use the Service. Except where we grant an exception, a user may only register one KasyKredit account with one BVN. We reserve the right to cancel or terminate your KasyKredit account if we find you in breach of these Terms.
Upon registration, we shall assign an account and issue a member ID and password (to be created during registration) to you. A set of KasyKredit ID and password is unique to a single account. You shall be solely responsible for maintaining the confidentiality and security of your KasyKredit ID and password, and for all use of and activities that occur under your account (whether such use or activities are authorized or not). If you know or have sufficient reason to believe that your account has been compromised, hacked, or in any way illegally accessed by a third party, please contact us immediately.
Your account is non-transferable. You cannot sell, combine, or otherwise share it with any other person. Any violation of these Terms will disqualify your account from a "good standing" status, and/or may ultimately result in a cancellation of the account at our sole discretion. Where your account is cancelled, you may forfeit any pending, current, or future account credits, and any other forms of unredeemed value in your account. Upon termination, the provisions of these Terms which, by their nature, are intended to survive termination (e.g., any disclaimers, all limitations of liability, and all indemnities) shall survive. We further reserve the right to change or discontinue any aspect or feature of our Service or the Platform, including, without limitation, requirements for use.
The cancellation, termination or suspension of your account, or your deletion of the App, shall not affect any outstanding obligations you owe us. Regardless of the circumstances leading to the closure of your account, your responsibility to repay any outstanding loan principal, interest and applicable charges remains in full force until fully discharged.
You shall be responsible for using your account in accordance with the prevailing laws and regulations. You agree that you will not use your account for any actions which violate the laws and regulations, including but not limited to falsifying identities, engaging in money laundering, fraud, or other actions not in conformity with the law. You agree that any loan you obtain through the Platform will be used solely for the purposes stated in your loan application. You understand and agree that you may only have one account on the Platform unless we determine otherwise, and you shall not create, or attempt to create, directly or indirectly, more than one account.
By registering a KasyKredit Account and subscribing to one of its loan products, you agree that we:
Where applicable, you consent to any outstanding loan being recovered automatically from any bank account linked to your BVN in the case of default.
By clicking Sign Up, you consent to KasyKredit obtaining information from relevant third parties as may be necessary, on your employment, income, loans and other related data, to make a decision on your loan application.
KasyKredit Credit Limit: Your KasyKredit Credit Limit refers to the maximum line of loans/credit approved by us based on your credit status. It can be used cyclically during the validity period of the line of credit. You may log into your KasyKredit Account at any time and check your credit line. You fully understand that we may adjust the credit line at any time according to your credit status. From the Credit Limit page, you will see the amount associated with each loan type.
Validity period of credit line: refers to the period within which you may apply for a KasyKredit loan from our Platform within the credit line. The initial credit limit is valid for one year from the effective date of these Terms. Before the expiration of the validity of the credit limit, if both parties have no objection, it may be automatically extended for one year from the expiration date. The number of extensions is unlimited.
Credit review: KasyKredit has the right to review your application on a case-by-case basis, and independently determine whether it is approved.
The following costs of the Service are payable, some of which may be specified on your quotations or bills sent to you:
You shall repay the Repayment Amount in full on or before the Due Date. You can choose the method that suits you for repayment in the KasyKredit app, and you may either repay in full or make a partial payment. You can clearly see the repayment history, outstanding balance and overdue amounts displayed on the page after clicking the repay icon.
Each of the following events and circumstances shall be an Event of Default:
Where you fail to repay by the Due Date, the outstanding amount becomes overdue and you shall be liable for the applicable default/penalty charge in addition to the principal and accrued interest. If an Event of Default has occurred, we may, by sending notice to you, declare the KasyKredit amount you have used, accrued interest and all other sums payable hereunder to be immediately due and payable without further demand, notice or other legal formality of any kind. We may also report the default to credit bureaus and pursue recovery of the outstanding sums, including through the means set out in Section 9.
You expressly request, instruct and authorize us to debit any of your bank accounts linked to your Bank Verification Number ("BVN") for the amount of the Loan, Interest, default/penalty charge or any other applicable fees, as necessary for the payment due in respect of the Loan on or after the Due Date. All such debits from your account by us in accordance with this direct debit instruction issued and delivered to you by us shall be treated as though it was personally signed by you. You understand that the withdrawals hereby authorised will be processed by electronic funds transfer, and that details of each withdrawal will be printed on your bank statement. You expressly agree to pay any bank charges relating to this mandate.
To ensure recovery of overdue receivables, you acknowledge and agree that where any amount due under these Terms remains unpaid, we may, without obtaining further consent from you and in compliance with applicable laws, assign/sell all or part of the receivable and its ancillary rights to a third-party assignee, or appoint an authorized third-party collections service provider to administer and collect the debt. Such arrangement does not waive or vary your obligations under these Terms but may change the payment channel/instructions; any update will be communicated to you in writing via the App, SMS or email, and you shall follow the latest instructions.
For the foregoing purposes, you authorize us to disclose and process information necessary for debt administration and recovery (e.g., identification and contact details, BVN/account identifiers, loan and repayment records, delinquency status and communications logs). Whether or not an assignment or outsourcing occurs, your obligation to pay principal, interest and any lawful/contractual charges remains unaffected.
All sums payable under these Terms shall be paid in full without set-off or counterclaim or any restriction or condition, and free and clear of any tax or other deductions or withholdings of any nature. If we (or any other person) are required by any law or regulation to make any deduction or withholding (on account of tax or otherwise) from any payment for our account, you agree to pay such additional amount as required, provided that this is without prejudice to our right to fully recover the loan sum plus other receivables in accordance with the loan product you purchased.
Your Personal Information is governed by the terms of our Privacy Policy, as can be found on our app, and regulated by applicable law. We treat the information provided to us with utmost diligence and will ensure that third parties who provide ancillary services abide by the same rule.
For the purpose of repayment and mandate execution, you also authorize us and our affiliates to share, receive and rely on information necessary to effect debits, transfers and redemptions across your accounts in the case of repayment.
In a situation where you become incommunicado, you authorise that we may reach out to your reference/emergency contact in order to re-establish contact with you. In the case where your reference/emergency contact expresses an interest to repay your loan, you authorise us to share your loan details with that contact for that purpose.
You represent and warrant that:
You agree to indemnify and hold us harmless against any and all actions, claims, costs, damages, demands, expenses, liabilities, fines, sanctions, losses and proceedings that we directly incur, or which are brought against us, where you have acted fraudulently, been negligent, failed to comply with your legal obligations, provided false or misleading information, or misused your account, the Platform or any of the Services.
The Platform and all its components may contain copyrights, trademarks, patents, or other intellectual property owned by KasyKredit. You are not allowed, in any manner whatsoever, to use, copy, distribute, or obtain economic rights from any components of the Platform without our prior written permission.
We provide the Service through the Platform on an "as is" basis without any warranties as to availability, performance, freedom from error, or any other warranties, express or implied, in relation to your use of the Platform. You understand that electronic systems are vulnerable to malfunction or disruption, and that no system can handle every kind of error. Although we will make our best effort to handle any system malfunction, we shall not be responsible where a system malfunction is caused by a third party. To the extent permitted by applicable law, we disclaim all representations and warranties in relation to your use of the Platform.
To the extent permitted by applicable law, we shall not be responsible to you for any loss suffered in relation to your use of the Platform unless it can be proven that there is fault on our part which directly causes the loss to you. Without prejudice to the foregoing, we shall not be responsible for any indirect losses, such as but not limited to loss of profits, loss of business opportunities, or damage to reputation.
These Terms and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, including the Money Lenders Act (Cap. 512) under which FLAGLA LENDING LTD is licensed to carry on the business of money lending.
In the event of any dispute arising out of or relating to these Terms, the parties shall first seek to resolve it amicably through negotiation. Where the dispute cannot be resolved through negotiation, it may be referred to the Federal Competition and Consumer Protection Commission (FCCPC) for mediation. Any dispute not so resolved shall be subject to the exclusive jurisdiction of the courts of the Federal Republic of Nigeria.
In the event that FLAGLA LENDING LTD undergoes a merger, acquisition, corporate reorganization, or sale of all or substantially all of its assets or business, all rights and obligations arising under these Terms shall automatically be assigned to, assumed by, and continue to be enforceable against and by the successor or acquiring entity, without the need for further consent from you. Such successor or acquiring entity shall be deemed substituted for FLAGLA LENDING LTD for all purposes under these Terms.
If any provision of these Terms is held to be invalid or unenforceable for any reason, that provision shall be deemed revised to the minimum extent necessary to comply with the law, and the remainder of these Terms shall nevertheless remain in full force and effect. No waiver of any of our rights shall be effective unless made clearly and in writing by us. Non-performance, delayed performance, or partial performance of our rights shall not be deemed a waiver of any of our rights.
If you have any questions regarding these Terms, please contact us through:
FLAGLA LENDING LTD (KasyKredit)
Office Address: Blk D1, Flt 10, Millenium Housing Estate, Ijiaye, Lagos State, Nigeria.
Email: help@kasykredit.com