These Terms and Conditions apply to and regulate the provision of credit facilities provided by The Advancer using the Advancer Online platform to the Borrower herein. These Terms and Conditions governing this Loan Agreement are as follows;


Upon approval and disbursement of the loan, the Borrower shall be obliged to make payments through the following methods:

  • A direct debit will be initiated from the Borrowers bank account or debit card whichever directive stated by the Borrower on due date. The total repayment on the stated on the loan schedule will be deducted in line with the advancer platform agreement.

  • There shall be a direct debit mandate initiated from the Borrower’s primary salary account.

  • Upon completion of all outstanding loan payments, the advancer will not attempt to or initiate a debit on the Borrower’s account either through direct debit or bank card.

  • The advancer will provide a well-documented loan repayment schedule before disbursement of the loan facility; and the Borrower is obliged to make appropriate repayments in accordance with the outlined repayment schedule.

  • In the event of default by the Borrower in making any repayment on due date, the outstanding principal amount and accrued interest shall be conclusive evidence that a sum is due and owing from the borrower.

  • The customer can make full payment of loan before due date, In the event of an early liquidation of the facility, The Borrower agrees to pay down total outstanding principal amount and accrued interest.


  • The daily interest rate for the Loan is fixed for the term of any outstanding loan.

  • The Advancer may in its sole discretion increase or decrease the prevailing interest rate for any reasons with or without prior recourse to the Borrower.

  • Any change in interest rate will take effect on the Borrower’s account following a fresh loan request upon completion and liquidation of all outstanding loan.

  • All charges will be capitalized into the interest calculation.


The advancer will utilize a registered credit Agency for a credit report on the Borrower in considering any application and making decision which will relate to the disbursement of the loan or facility.


The Borrower agrees that the Advancer shall communicate with them by delivery of SMS notification to the mobile telephone number and email address the Borrower has provided to the Advancer.


If Borrower fails to make any scheduled repayment in full on or before the payment date in accordance with the repayment plan given to the Borrower;Any representation, warranty or assurance made or given by the Borrower in connection with the application for this loan or any information or documentation supplied by the Borrower is later discovered to be materially incorrect; orThe Borrower act in a manner which may prejudice The Advancer rights in terms of this Agreement or causes The Advancer to suffer any loss or damage.
The following shall apply;

  • The Advancer reserves the right to notify the general public (including, but not limited to employer) in the event of default or non-repayment.

  • The Advancer reserves the right to assign its right, title and interest under the Agreement to an external Collections Agency who will take all reasonable steps to collect the outstanding loan amount.

  • The Advancer reserves the right to institute legal proceedings against the defaulting Borrower and is under no obligation to inform the Borrower before such proceedings commence.

  • The Borrower shall be responsible for all legal costs and expenses incurred by The Advancer in attempting to obtain repayment of any outstanding loan balance owed by the Borrower. Interest on any amount which becomes due and payable shall be charged.


  • This Agreement represents the entire understanding between The Advancer and the Borrower.

  • Approval of this facility is subject to the Borrower meeting the Advance platform condition.

  • In the event that the loan application is not approved, the terms and agreement becomes null and void.

  • The Borrower agrees and undertakes that for the period of this Agreement, the Borrower will not close the Borrower’s specified bank account.

  • This Agreement shall be governed by the laws of the Federal Republic of Nigeria and shall be subject to the jurisdiction of the courts of the Federal Republic of Nigeria.

  • Applicants/Borrowers that submit fake or fraudulent documentation shall be reported to appropriate regulatory bodies including, but not limited to the Nigerian Police, for prosecution and/or any other penalties as the regulatory body deems fit.

  • The Lender reserves the right to review, verify and screen all details, including but not limited to the loan amount applied for by the Borrower and the Lender is not bound to grant the exact loan amount applied for by the Borrower.