Terms & Conditions

BV Loan Hub Loan Agreement

These terms govern all BV Loan Hub loan applications, approvals, repayments, collateral, guarantor obligations, verification, privacy, communication, default handling, amendments, and acceptance under the laws of Cameroon.

Eligibility

Applicants must be at least 22 years old, based in Buea or supported by a guarantor in Buea, and must provide valid identification, income source, repayment plan, and collateral where required.

Loan Approval

Approval is subject to document verification, borrower risk review, guarantor validation, repayment ability, and BV Loan Hub administrative discretion.

Loan Amount

Student loans range from 10,000 to 100,000 FCFA, business loans from 100,000 to 1,000,000 FCFA, and emergency loans from 10,000 to 250,000 FCFA.

Interest

Student and emergency loans accrue 20% interest per week. Business loan interest follows the published proportional monthly rates and multiplies by the selected duration.

Repayment

One-week loans are repaid with principal and interest after 7 days. For two-week to one-month loans, interest is paid after the first week and principal is paid at the agreed end date.

Late Payment

Late repayments may attract follow-up action, additional verification, suspension from future borrowing, and recovery measures permitted by law.

Collateral

Collateral documents must be authentic and may be verified, retained, or used for recovery according to the agreement signed by the borrower.

Guarantor

Where required, the guarantor confirms the borrower's identity, Buea connection, and willingness to assist recovery if the borrower defaults.

Verification

BV Loan Hub may verify identity, school, employment, business, income, guarantor, collateral, and emergency proof before and after approval.

Privacy

Borrower data is collected for account management, verification, loan review, repayment tracking, communication, and legal compliance.

Communication

Borrowers consent to email, phone, SMS placeholders, WhatsApp, and dashboard notices regarding applications, repayments, reminders, and admin messages.

Default

Failure to repay on time may result in account restrictions, guarantor contact, collateral action, debt recovery, and legal remedies.

Amendments

BV Loan Hub may update terms, rates, requirements, or processes with appropriate notice where applicable.

Governing Law

This agreement is governed by the laws of Cameroon.

Acceptance

Submitting an application confirms acceptance of these terms and the accuracy of all information provided.