Welcome to Money Cloud. These terms and conditions outline the rules and regulations for the use of our services, including the loan application process. By accessing this website and applying for a loan, you accept these terms and conditions in full.

1. Introduction

Money Cloud is a specialized personal financial services provider catering to the short-term financial needs of salaried workers in partnership with their employers. These terms and conditions govern your use of our website and services.

2. Loan Application Process

2.1. Personal Information Collection

During the loan application process, we will collect the following personal information:

• Full Name
• Email Address
• Phone Number
• Payslip (to be uploaded)
• Desired Loan Amount

This information is essential for processing your loan application and ensuring compliance with regulatory requirements.

2.2. Use of Personal Information

The personal information collected will be used for the following purposes:

• Verifying your identity and eligibility for a loan
• Assessing your loan application
• Communicating with you regarding your loan status and other relevant updates
• Maintaining accurate records for legal and regulatory purposes

3. Eligibility Criteria

To be eligible for a loan from Money Cloud, you must meet the following criteria:

• Be a salaried employee of a partnering enterprise
• Be at least 18 years of age
• Provide a valid payslip and accurate personal information

4. Loan Approval and Disbursement

Loan approval is subject to the verification of your submitted information and our assessment of your financial status. Money Cloud reserves the right to approve or deny any loan application at our discretion. Approved loans will be disbursed directly to your bank account.

5. Repayment Terms

Loan repayment terms, including the repayment schedule and interest rates, will be clearly outlined in the loan agreement provided upon approval. It is your responsibility to ensure timely repayment as per the agreed terms to avoid any penalties or additional charges.

6. Privacy and Security

We are committed to protecting your personal information. All data collected during the loan application process is securely stored and handled in accordance with our Privacy Policy. We use advanced security measures to safeguard your information from unauthorized access or disclosure.

7. User Responsibilities

As a user of our services, you agree to:

• Provide accurate and truthful information during the loan application process
• Use our services in compliance with applicable laws and regulations
• Promptly notify us of any changes to your personal information

8. Limitation of Liability

Money Cloud is not liable for any direct, indirect, incidental, or consequential damages arising from the use of our services or the inability to access our services. We do not guarantee the availability, accuracy, or completeness of the information on our website.

9. Changes to Terms and Conditions

Money Cloud reserves the right to update or modify these terms and conditions at any time without prior notice. Any changes will be posted on our website, and continued use of our services constitutes acceptance of the revised terms.

10. Governing Law

This agreement is governed by and construed in accordance with the laws of Kenya. Any disputes arising from or related to the use of our services shall be subject to the jurisdiction of the Kenyan courts.

11. Contact Information

If you have any questions or concerns regarding these terms and conditions, please contact us at:

• Email: info@moneycloud.co.ke
• Phone: +254758 564 440

Thank you for choosing Money Cloud. We are dedicated to providing you with reliable financial services to meet your short-term financial needs.