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Terms & Conditions
HEAT Money Credit Agreement Terms
This loan agreement outlines the terms and conditions between HEAT Finance and Investments Limited and borrowers. Please read all terms carefully before proceeding with your application.
Important Notice
By executing this agreement, you acknowledge that you have read and understand all terms and agree to be bound by them. Your information may be submitted to credit reference agencies.
5.0% to 10% FLAT per month depending on loan type, plus 3% upfront processing fee.
30 days minimum tenor. Early settlement quotations available upon request.
0.5% flat charged daily on any amount not paid on due date. 7+ days overdue triggers full repayment demand.
Both parties can withdraw before credit disbursement. Written notice required via email or letter.
Contact Us
Email: info@heatfinancials.com
Address: HEAT Place, No. 25B Coker Road, Ilupeju, Lagos
Complete Terms & Conditions
Detailed breakdown of all terms, conditions, and obligations under the HEAT Money Credit Agreement
This Agreement is between HEAT Finance and Investments Limited (Owners of HEAT MONEY) of HEAT Place, No. 25B, Coker Road, Ilupeju, Lagos and the BORROWER as shown on the application forms for HEATMONEY Credit.
- "Forms": HEATMONEY Application Forms
- "Amount of credit": The amount of credit provided under this Agreement
- "Total charge for credit": Total amount of fees charged on the Amount of credit
- "Total amount payable": Sum of Amount of credit and Total charge for credit
- "You/Your": The member (borrower)
- "We/Us/Our": HEAT Finance and Investments Limited, its successors and assigns
Unless otherwise agreed, all communications and documentation in relation to this Agreement will be in English.
We have the right to withdraw our Offer before credit is disbursed. You also have the right to withdraw before credit disbursement by:
- Emailing us at info@heatfinancials.com
- Writing to: HEAT Finance and Investments Limited, HEAT Place, No. 25B Coker Road, Ilupeju, Lagos
You must repay any outstanding amount within the timeline set out in the HEATMONEY Credit Form.
To pay off the entire loan early, you must request a settlement quotation from us. We will confirm in writing the amount required for full settlement. Our minimum tenor is 30 days, and fees are charged accordingly.
We may demand immediate and full repayment if:
- You provided false or incorrect information when applying
- You are more than seven days overdue with any payment
Late payments may be reported to credit reference agencies, affecting your future credit applications.
If you miss payments or underpay, you will be in default and may face:
- Higher overall costs
- Registration with credit reference agencies
- Difficulty obtaining future credit
- Indemnifier may be asked to repay
- Legal proceedings and recovery expenses
Fee Structure
All expenses, charges and costs incurred in locating you or collecting unpaid sums shall be recovered from you.
You must notify us immediately in writing, but not later than seven days, of any change in your address.
BY EXECUTING THIS AGREEMENT, the borrower agrees and acknowledges that they have read it in its entirety with all other HEATMONEY Credit Forms and Membership Forms, understands its terms and wishes to be bound by them. The borrower also agrees that their information can be submitted to credit reference agencies.