Terms & Conditions

Welcome to PMI Capital Limited. These Terms and Conditions govern your access to and use of our digital platforms, credit facilities, wallet accounts, and Buy Now Pay Later (BNPL) services.

1. Acceptance of Terms

By registering an account, submitting a loan request, or financing an asset through our portal, you agree to be bound by these Terms, our Privacy Policy, and relevant credit consent terms.

2. Eligibility & Verification

You must be at least 18 years of age, possess a valid Bank Verification Number (BVN) and National Identification Number (NIN), and reside in Nigeria to qualify for credit. You authorize us to run checks on your bureau credit history.

3. Loan Repayments & Default

All disbursements must be repaid on or before their due date. In case of repayment failures, you authorize PMI Capital to:

• Deduct outstanding balances from linked bank cards or accounts.
• Report defaults to licensed Credit Bureaus, affecting your national credit score.
• Activate the GSI (Global Standing Instruction) mandate to recover outstanding sums from accounts in other banks.

4. BNPL Asset Financing

Devices obtained through BNPL remain the property of PMI Capital or our merchant partner until the final monthly installment is paid. Late repayments may result in remote device locking until accounts are settled.