Terms & Conditions

2.1 Eligibility: You must be at least 18 years old, a Papua New Guinea citizen or permanent resident, and have a steady source of income.

2.2 Application Process: All loan applications must be completed truthfully and accurately. False information may result in immediate rejection or loan cancellation.

2.3 Documentation: You must provide all requested documentation including identification, proof of income, and any other documents we require for assessment.

2.4 Credit Assessment: We reserve the right to conduct credit checks and assess your creditworthiness before approving any loan.

3.1 Interest Rates: Interest rates vary based on loan type, amount, term, and risk assessment. All rates will be clearly disclosed before loan agreement.

3.2 Fees: Processing fees, late payment charges, and other applicable fees will be clearly outlined in your loan agreement.

3.3 Repayment: Loans must be repaid according to the agreed schedule. Payment methods and schedules will be specified in your loan agreement.

3.4 Early Repayment: You may repay your loan early. Early repayment terms will be outlined in your loan agreement.

4.1 Timely Payments: You must make all payments on time according to your loan agreement.

4.2 Communication: You must inform us immediately of any changes to your contact information, employment, or financial circumstances.

4.3 Proper Use: Loan funds must be used for the stated purpose in your application.

4.4 Account Maintenance: You must maintain the bank account specified for loan disbursement and repayment.

5.1 Default: Failure to make payments as agreed constitutes default. We will notify you of any missed payments.

5.2 Late Charges: Late payment fees will be applied as specified in your loan agreement.

5.3 Collections: We may pursue collection actions including but not limited to reporting to credit bureaus, engaging collection agencies, or legal action.

5.4 Collateral: For secured loans, we may exercise our rights over any collateral provided.

6.1 Information Collection: We collect personal and financial information necessary for loan processing and servicing.

6.2 Information Use: Your information may be used for credit assessment, loan servicing, marketing, and as required by law.

6.3 Information Sharing: We may share your information with credit bureaus, regulatory authorities, and service providers as necessary.

6.4 Data Security: We maintain appropriate security measures to protect your personal information.

7.1 Internal Resolution: We encourage customers to contact us directly to resolve any disputes or concerns.

7.2 Formal Complaints: Formal complaints should be submitted in writing to our customer service department.

7.3 Legal Jurisdiction: These Terms are governed by Papua New Guinea law, and any disputes will be resolved in PNG courts.

8.1 Amendment: We may modify these Terms at any time. Changes will be communicated to borrowers and posted on our website.

8.2 Severability: If any provision of these Terms is found invalid, the remaining provisions will continue in effect.

8.3 Assignment: We may assign our rights and obligations under any loan agreement without your consent.

8.4 Entire Agreement: These Terms, together with your loan agreement, constitute the entire agreement between you and 1avini Finance.

If you have any questions about these Terms, please contact us: