This Loan Agreement (“Agreement”) between CREDIT DIRECT LIMITED, a financial services company incorporated in Nigeria with its registered office at 48/50, Isaac John Street, GRA, lkeja, Lagos ("CDL") and you ("the Borrower"), a customer of Zilla Technology LTD.

PURPOSE This Agreement intends to set out the terms of understanding between the parties herein and their respective rights and/or obligations with respect to the loan transactions availed to the Borrower by CDL.

Repayment method: direct debit on the Borrower's bank account. BORROWER’S UNDERTAKINGS The Borrower understands and agrees that:

• This Agreement may be extended to cover any approved application for additional credit facilities while the loan is still running along with a separate document communicating any changes (including but not limited to change in interest rates).
• The terms and conditions of this Agreement shall remain in force provided any part of the loan remains outstanding or CDL remains a creditor of the Borrower.
• CDL shall have the right to set off repayments or any overdue payments directly from the Borrower’s bank accounts. In the event that the Borrower defaults on their repayments, CDL reserves the right to report the delinquent loan to the Central Bank of Nigeria through the Credit Risk Management System (CRMS) or by any other means and to activate a global standing instruction (GSI) to set-off the indebtedness from all such monies and funds standing to the Borrower’s credit/benefit from all accounts or such other financial assets belonging to Borrower and in the custody of any bank.
• The financial information provided during the application process is true and accurate and undertakes that they will notify any other lender of their indebtedness to CDL during the tenor of this loan.
• He/she authorises CDL to access any information available to validate their application and gives CDL permission to register details of the Borrower’s account with any credit bureau, collection agencies, as well as the Borrower's employers if the loan has ceased to be serviced by the Borrower and the Borrower waives any claims he/she may have against CDL in respect of such disclosure.
• He/she authorises CDL to recover any outstanding instalments against their terminal dues in the event of loss of business/job, voluntary retirement, permanent disability or death before the loan is fully recovered
• CDL reserves the right to vary these terms and conditions at any time provided that any variation thereof shall be communicated to the Borrower and shall be binding on the Borrower from the date specified in such notice.

The Borrower understands and agrees that this Agreement is executed and delivered electronically and that no separate hard copy will be provided.

Accordingly, this Agreement shall be effective for all purposes and shall have the same legal effect, validity and enforceability as a manually executed agreement.

By clicking “accept” hereunder, the Borrower hereby acknowledges that they have read and understood all of the terms and conditions as contained herein and agree to be bound by them. The Terms and Conditions and Privacy Policy as available on CDL’s website shall be incorporated hereto and shall be construed and read as forming part of this Agreement.