Terms & Conditions

ACCEPTANCE OF THE TERMS AND CONDITIONS

By registering, applying for financing, or using any of Nexelium KE’s services, you accept these Terms and Conditions in full.
If you do not agree to these Terms, you must immediately cease using our services and digital platforms.
You acknowledge that Nexelium KE reserves the right to amend, update, or replace these Terms without prior notice.
Any continued use of our platform after changes to these Terms constitutes acceptance of the revised Terms.
You must be legally capable of entering into binding agreements under Kenyan law.
You must provide accurate and truthful information at all times.
You agree not to use our services for any unlawful purpose.
We may suspend or terminate your account at any time without liability if you breach these Terms.
You agree that all communications between you and Nexelium KE may be recorded for legal purposes.
Your use of our services is subject to all applicable Kenyan laws and regulations.
You understand that loan approvals are determined by third-party lenders, not Nexelium KE.
You accept that Nexelium KE acts only as an intermediary and not as a direct lender.
You acknowledge that we may refuse service without giving a reason.
You agree not to impersonate any person or entity while using our services.
You may not use our services to engage in fraudulent activities.
All fees and charges will be disclosed prior to service engagement.
Nexelium KE is not responsible for delays caused by incomplete or false information.
You must comply with Anti-Money Laundering (AML) regulations at all times.
You must comply with Know Your Customer (KYC) requirements.
All disputes must be resolved through Kenyan courts unless otherwise agreed in writing.
We may require additional verification before processing your request.
We reserve the right to restrict or limit access to our services.
You must not attempt to disrupt or hack our digital platform.
Your account is for personal or authorized company use only.
We are not responsible for losses caused by third-party service providers.
We do not guarantee uninterrupted access to our digital platforms.
We do not provide legal, tax, or investment advice.
You agree to indemnify Nexelium KE against claims arising from your breach of these Terms.
We may share your information with partners for legitimate business purposes.
All intellectual property on our platform belongs to Nexelium KE.
You may not copy, modify, or distribute our content without permission.
We may send you service updates and promotional material unless you opt out.
We reserve the right to change service pricing at any time.
You accept that transactions are subject to lender terms beyond Nexelium KE’s control.
You must notify us immediately of any unauthorized account use.
We may monitor usage for compliance and fraud prevention.
You accept that we are not responsible for decisions made by lenders.
We may archive and store your data as required by law.
You understand that communications may be sent electronically.
We reserve the right to reject applications that do not meet our criteria.
Your relationship with Nexelium KE is governed solely by these Terms.
We may subcontract services to third parties without your consent.
We may refuse service if we suspect money laundering or terrorism financing.
You agree not to hold Nexelium KE liable for lender misconduct.
We may request security deposits in certain cases.
All transactions must comply with applicable financial laws.
Your obligations continue even after termination of services.
We may withhold services if outstanding fees are unpaid.
These Terms remain valid until replaced by updated Terms.

LENDERS (Individuals)

Must be at least 18 years old.
Must provide valid national ID or passport.
Must have a valid Kenyan bank account or approved payment method.
Funds must come from legitimate sources.
Must comply with AML and KYC regulations.
Must provide proof of address.
May be required to provide proof of income.
Must disclose any criminal history involving fraud or financial misconduct.
Must sign a lending agreement before funds are deployed.
Must agree to lender risk disclosures.
Understand that Nexelium KE does not guarantee borrower repayment.
Agree to lender fee structures.
Must report changes in contact details within 7 days.
May not charge interest above legally permitted rates.
Must ensure funds are free of third-party claims.
Must accept potential delays due to borrower processing.
Cannot discriminate against borrowers based on race, gender, religion, or ethnicity.
Must keep borrower data confidential.
May not solicit direct repayment outside agreed channels.
Must maintain professionalism in borrower dealings.
Cannot demand repayment terms outside signed agreements.
Must comply with all CBK regulations for private lending.
May be subject to credit checks.
Must allow Nexelium KE to handle dispute mediation.
Cannot offer financing to sanctioned individuals or entities.
May withdraw lending offers before disbursement only in writing.
Must declare tax obligations on earned interest.
Cannot reassign lending rights without Nexelium KE’s consent.
Must provide accurate loan disbursement timelines.
May be required to maintain minimum lending amounts.
Must use only approved communication channels.
Cannot intimidate or threaten borrowers.
Must cooperate with legal authorities if requested.
Must not misrepresent their financial capacity.
Must ensure compliance with Consumer Protection Act.
Must retain loan documentation for legal purposes.
May set lending limits within legal guidelines.
Must provide loan reports to Nexelium KE if requested.
Cannot bypass Nexelium KE in active loans.
Must inform Nexelium KE of repayment receipt.
May require collateral if allowed by law.
Must avoid conflict-of-interest situations.
Cannot use lending as a cover for illegal activities.
Must update AML/KYC annually.
May be removed from platform for non-compliance.
Must accept that final borrower choice rests with Nexelium KE.
May face suspension for unethical conduct.
Must follow Nexelium KE loan recovery procedures.
Cannot demand personal favors from borrowers.

LENDERS (Company)

Must be duly registered and licensed.
Must provide certificate of incorporation.
Must provide PIN certificate and tax compliance.
Must comply with CBK lending regulations.
Must have board approval for lending activities.
Must sign corporate lending agreements.
Must disclose beneficial ownership structure.
Funds must come from legitimate corporate accounts.
Must comply with AML/KYC requirements.
Must provide audited financial statements.
May be subject to Nexelium KE due diligence.
Must disclose existing lending obligations.
Cannot charge interest rates above legal limits.
Must maintain professional borrower relations.
Must protect borrower confidentiality.
Must use Nexelium KE-approved repayment channels.
Cannot bypass Nexelium KE during active loans.
Must accept Nexelium KE as intermediary for disputes.
Cannot lend to blacklisted borrowers.
Must provide loan performance reports.
Must accept random compliance audits.
Cannot use funds for illegal purposes.
Must adhere to data protection laws.
Cannot coerce borrowers for repayment.
Must declare all associated fees.
Must ensure funds are free from liens.
Cannot demand additional security after disbursement unless agreed.
Must use approved loan agreements.
Cannot outsource collections without Nexelium KE consent.
Must ensure staff follow ethical standards.
Must update AML/KYC annually.
May be removed for non-compliance.
Must accept borrower selection by Nexelium KE.
Must avoid conflicts of interest.
Must maintain accurate loan records.
Must provide notice before withdrawing offers.
Cannot reassign loans without consent.
Must pay agreed platform fees.
Cannot threaten or harass borrowers.
Must comply with international sanctions lists.
Must disclose regulatory investigations.
Must notify Nexelium KE of repayment receipt.
Cannot misrepresent financial capacity.
Must follow legal loan recovery procedures.
Cannot demand personal favors from borrowers.
Must provide loan insurance if required.
May be subject to tax reporting obligations.
Must accept responsibility for lending decisions.
Must agree to confidentiality on platform operations.
Cannot use Nexelium KE platform for advertising unrelated services.

Nexelium KE AS A COMPANY

Acts solely as an intermediary between borrowers and lenders.
Does not operate as a bank or microfinance institution.
Sources funds from licensed asset financing companies and private lenders.
Assists borrowers in finding suitable lenders.
Facilitates application processing.
Does guarantee loan approval.
Does not determine interest rates.
Provides borrower-lender matching services.
Ensures AML/KYC compliance.
Reserves right to reject applications.
May charge service fees.
Protects client data per Data Protection Act.
Monitors repayment arrangements when applicable.
Not liable for lender or borrower defaults.
Does not provide investment advice.
Operates under Kenyan law.
May update services without notice.
Cooperates with regulators.
May suspend accounts for non-compliance.
Provides dispute resolution support.
Uses secure payment channels.
May require additional documentation.
Maintains transaction records.
Reserves right to change pricing.
Not responsible for lender misconduct.
May terminate service agreements.
Complies with consumer protection laws.
Not liable for delays caused by third parties.
May report defaults to CRBs.
Ensures platform security.
May subcontract services.
Does not guarantee confidentiality in legal cases.
Retains intellectual property rights.
May verify client information.
May withhold services for unpaid fees.
Provides transparent fee structures.
Not responsible for internet connectivity issues.
May archive data as required by law.
Provides training to lenders where needed.
Reserves right to limit services regionally.
Not liable for borrower misrepresentation.
Does not guarantee funding timelines.
May use automated decision-making tools.
May conduct on-site inspections.
Ensures compliance with all financing laws.
Can be audited by regulators.
May reject lenders for risk concerns.
Provides platform maintenance.
Not liable for force majeure events.
Operates with transparency in all dealings.