Definition of Terms

The Borrower
This refers to the Applicant.

Lender
Herdvance Solution Nigeria Limited

Facility Type
Food Advance

Interest Rate
10%, however, notifications would be given at least ten (10) business days before any rate amendments are made

Tenor
21 days

Repayment
This Payday Food Loan is to be fully repaid monthly upon receipt of the Borrowers salary.

Terms & Conditions

. Employer needs to be subscribed to Herdvance Payday Loan as that confirms employees eligibility to access the loan
. Applicants must have purchased on the website at least once.
. Food loans are given as food and not money.
. All Valid IDs and other important must be provided for a successful loan processing
· Delivery rate may apply for order fulfilments

. The Food Advance must be cleaned up every 21 days or upon receipt of salary (whichever comes first).
. The Borrower covenants and warrants that, in making any repayment on due date in the event that the loan repayment period or day falls on a weekend or public holiday, the effective loan repayment day shall be the preceding business day.
. The interest charged is the effective interest rate which is the interest rate that is paid on the Borrowers loan.
. The Borrower hereby confirms the acceptance of the terms of the facility.
. The terms and conditions contained bind the Borrower and is not assignable.
We thank you for your patronage and look forward to a mutually beneficial relationship