These Terms and Conditions (hereinafter the “Terms”) govern the use of the services provided by SAL Holding UAB, a company registered at Ramybės g. 4-70, LT-02103 Vilnius, Lithuania, with company registration code 306730589 (hereinafter the "Company" or “we”). The services include facilitating the generation and signing of loan agreements between persons (hereinafter the "Service").
The Terms apply to the relationship that arises between us and users of the Service (hereinafter the “Users” or “you”) or that relates to us and you.
The Terms set out the general terms, conditions, and procedure for the use of the Service, our and users rights, duties, and responsibilities when users use the Platform in order to conclude or when concluding loan agreements.
The individual terms and conditions (e.g., rates, etc.) published on the Company's website, to which reference is made by the Terms, shall also constitute an integral part of the Terms.
The annexes to the Terms, various rules or other documents published on the Company's website and/or additional agreements between us and Users may set out separate terms and conditions for the provision of the Service and/or special rights, obligations, and/or responsibilities applicable to the parties. If provisions of annexes to the Terms, the separate terms and conditions of provision of the Service are in conflict with the provisions set out in the Terms, the provisions of such annexes to the Terms, the provisions of terms and conditions of provision of the Service should prevail (they shall be deemed to be special provisions with regard to the general provisions of the Terms).
Before starting to use the Service, you must carefully read and accept the Terms. If you disagree with the Terms or any provision thereof, you may not use the Service. If you have any doubts about provisions of the Terms, please contact us using the contact details provided on the Company's website.
The Company provides only the possibility to generate and sign loan agreements between Users. The Company administers the Company's website and enables Users to conclude loan agreements through the Company's website. Thus, the Company does not engage in the activity of loans’ provision.
The Company shall not make and does not make any assessment of the creditworthiness of the borrowers.
For the sake of clarity, we note that the Company’s activities do not include (and should not be deemed to include) the provision of financial services, investment recommendations, advising on the conclusion and performance of monetary transactions, the enforcement of obligations, and any other activities unrelated to the Service and/or not covered by the Terms.
The Users are responsible for providing complete and accurate information including the full government names of the borrower and lender, their personal identification numbers and dates of birth, email addresses, registered addresses, and bank account details for issuing and repaying the loan.
The Users are responsible for entering the loan amount, selecting the loan term (in months), specifying the interest rate, and selecting an interest payment schedule.
By using the Service, the Users agree to abide by these Terms and any applicable laws and regulations.
The Users undertake to use the Service appropriately and only for lawful and fair purposes.
It shall not be allowed for the Users:
Where the Company suspects that you have carried out prohibited practices, the Company may take appropriate action to protect its interests, the interests of other Users or the interests of third parties.
Upon entering the lender details, borrower details and successfully paying for the Service in the form of digital payment or redeeming the code an invitation to sign the agreement will be sent to the provided email addresses of both the borrower and the lender. The party paying for the loan agreement will be granted view access only.
Both parties will have the opportunity to sign the agreement digitally.
Once signed, copies of the signed loan agreement will be sent to the email addresses provided by all parties to the loan agreement.
Fees for the Service are as described on the Pricing page of the Company's website.
Payment for the Service must be made using a credit card through Stripe. The Users agree to comply with Stripe’s terms and conditions, available at https://stripe.com/en-de/legal/consumer.
The Users are responsible for ensuring the correctness, accuracy and completeness of all data they provide.
The Users must ensure that they have the legal right and authority to enter into loan agreements facilitated by the Service.
Users are responsible for keeping the received invitations private and not forwarding them to anyone from their email inbox, as the link contained in the email grants access to sign a loan agreement.
Users entering the loan agreement must be of legal age (18 years old or older).
The Company does not guarantee that borrowers will repay loans.
The Company shall not take any liability to the lenders that the borrowers will duly fulfill their obligations to the lenders under the terms and conditions of the loan agreement. In no event shall the Company be liable for any losses incurred by the lenders if the loan, interest, and/or other amounts provided to the borrowers are not repaid. By concluding the loan agreement, the lenders independently and freely assume the related risks (including the risk of loss of all funds).
The Company shall not take any liability to the Users for validity and/or enforceability of loan agreements.
The Company shall not take any liability to the Users, if the Users provide incorrect, incomplete or inaccurate information required for the use of the Service.
The Company shall not take any liability to the Users for any Service disruptions, including but not limited to failures or other malfunctions that may affect the conclusion of loan agreements.
The Company shall not take any liability for your loss of profits and income, loss of reputation, business failure and/or indirect damages.
All intellectual property rights in the Service, including text, graphics, logos, images, software, and any form of law agreement are owned by the Company or its licensors and are protected by law.
The Company reserves the right to terminate access to the Service for the Users who violate these Terms or any applicable laws.
We process your personal data as well as personal data of your representatives, beneficiaries and other persons in the manner set out in the Company’s Privacy Policy published on the Company's website.
If you are a legal person, as the controller of the data of your representatives and beneficiaries, you undertake to ensure that data subjects are properly informed about the submission of their data to the Company and the processing of their data, as required by the legal acts regulating the processing of personal data.
The Company reserves the right to modify these Terms at any time. Users will be notified of any changes through the Company's website.
These Terms shall be governed by and construed in accordance with the laws of Lithuania. All disputes between the Users and the Company shall be settled by way of negotiations and if no agreement is reached the dispute shall be referred for further settlement to a competent court according to the Company’s seat.
For any queries or concerns about these Terms or the Service, the Users may contact the Company at its registered address or through the provided contact details on the Company's website.