Last updated: 10/01/2024
Welcome to our website, the MaoCredit online service (hereinafter the "Site"), operated by "PDL NO LIMIT TEAM" LTD, registration number HE 435623, a company registered in Cyprus with its registered office at Agias Faneromenis, 143, PATSIAS COURT, 2nd floor, Flat/Office 201, 6031 Larnaca. These Terms and Conditions ("Terms") outline the terms under which you may use our online services, the Site, and the software provided within or in connection with the service. Furthermore, these Terms govern all communication with us via telephone, email, text message, or other means. By accessing or using the Site through any direct or indirect means, you acknowledge that you have read and understood these Terms and Conditions, agree to be bound by them, and consent to the collection and use of your personal data as set forth in the Privacy Policy, regardless of whether or not you are a registered user of our Site. These Terms apply to all visitors, users, and other persons who access or use the Site ("Users").
Please read these Terms carefully. These Terms constitute a legally binding agreement. If you do not agree to these Terms, you must not access the Site or use the Services.
We reserve the right to modify these Terms and Conditions from time to time. In the event of changes, we will publish the modified Terms on the Site and indicate the date of the last revision at the top of this page. The revised version will become effective upon publication. You understand and agree that continued use of the Services or the Site after we have made such changes constitutes your acceptance of the new Terms.
1.1 MaoCredit provides a platform that allows users to discover various sources of unsecured, non-mortgage financing and other related products (e.g., bank accounts) offered by a network of partners ("Partner(s)") that are not affiliated with MaoCredit. We are neither a bank nor a lender; we do not grant loans or make credit decisions regarding loan services. MaoCredit does not act as an agent for you or for any Partner.
1.2 You may use the Services only if you are an individual (i.e., not a company or other corporate entity) and have the capacity to enter into a binding contract with MaoCredit. You confirm that (a) you are at least 18 years of age, regardless of any parental or guardian permission, and (b) you have full legal capacity to use the Services under the laws of your place of residence. You are prohibited from using the Services if you have previously been barred from using them.
1.3 Our Services allow you to create a profile based on personal data submitted by you or collected by us—including your past financial behavior—compare financial offers from different Partners, and, at your discretion, choose to enter into a loan agreement with a selected Partner under the terms and conditions specified by that Partner.
1.4 We do not provide or approve any loans at any time. You may preview offers without applying for a loan. You have the right to withdraw your loan comparison request at any time, without obligation.
1.5 To provide the Services, we need to collect, extract, and verify your personal data as explained in the Privacy Policy.
1.6 We are not Partners or providers of credit or other financial products. We do not offer any financial products through the Site and are not a party to any agreement entered into between you and the Partner.
1.7 By using our Services, you understand and agree that we do not provide loan services, nor do we represent or endorse any specific Partner. We focus on using smart financial technology (fintech) to find the best possible credit solutions for you by providing access to various offers. ...and other financial products—such as loans—via a single application submitted on our Site. Our technology analyzes the conditions specified by the Partners and the User's profile to find the best match. We are not responsible for any comments, opinions, ratings, or other posts made on the Site by third parties.
1.8 We do not guarantee that the price, product, availability, rates, fees, or other loan terms offered and made available by the Partners through our Services represent the best terms available on the market.
1.9 We do not provide advice to Users of our Services other than advice regarding the operation and technical aspects of the Site and the Services.
1.10 Once you submit your loan application via our Site, the Partner verifies it. Processing and approval times vary by Partner. Submitting an application for a financial product through the Site does not guarantee acceptance by the Partner. All information on our Site is for informational purposes only.
1.11 All your financial obligations—including negotiation terms and loan amounts—must be handled directly with the Partner that has made you a loan offer. You understand and agree that we have no further involvement in the loan application or approval process once you have been redirected to the Partner's site, and we assume no liability toward you and/or the Partner regarding the offer. Our liability to you is limited to the scope of the Services and is subject to these Terms and Conditions.
1.12 We recommend that you read and ensure you understand the loan terms and conditions and the Partner's privacy policy, and—if necessary—seek independent professional advice before entering into a loan agreement with your selected Partner.
1.13 The Services are provided on an "as-is" basis. You acknowledge that (a) the Services have not been designed to meet your individual requirements, (b) the operation of the Services may occasionally experience technical or other issues and may not function without interruption or error, and (c) the Services are not fault-tolerant.
1.14 We will make reasonable efforts to ensure that the Services are available to you, operate securely, reflect the latest technological solutions, and are convenient to use.
1.15 You understand and agree that we have the right to improve and enhance the technical structure, security, availability, and functionality of the Services at any time. You understand and agree that we are under no obligation to enhance, modify, or replace any part of the Services or to continue developing or releasing new versions thereof.
1.16 Your selection and use of the Services and the Site are at your own discretion and risk, as is your exposure to, downloading and uploading of, and transmission and possession of information, programs, and other items via or resulting from the Services.
1.17 You may stop using the Services at any time. You do not need to notify us when you stop using the Services, unless you wish to terminate the agreement with us.
1.18 You understand and agree that we reserve the right, at any time, to modify or discontinue—temporarily or permanently—the Services (or any part thereof), or to change their features (for example, regarding data capacity and upload speed). We shall not be liable to you or to any third party for any modification, price change, suspension, or interruption of the Services.
1.19 The Service provided via the Site is intended solely for Users residing in Mexico.
2.1 Upon using our Services, an account will be created for you either after you accept these Terms or during the installation of our application ("Account"). The email address you provide will be linked to your Account and used to log in to it.
2.2 You agree to update the information provided through the Services should it change, ensuring its truthfulness, accuracy, and completeness. MaoCredit makes no warranties regarding the information you provide to us that is transmitted to Partners; you are responsible for such information. If your information is not true, accurate, or complete, it may affect the products, services, or content (e.g., rates, quotes, offers) presented to you through the Services.
2.3 You must immediately notify MaoCredit of any security breach or unauthorized use of your Account. MaoCredit shall not be liable for losses caused by unauthorized use of your Account.
2.4 You must immediately notify MaoCredit of any unauthorized use of your Account.
2.5 You hereby agree to indemnify and hold harmless us and any of our affiliates, subsidiaries, partners, designated operators, and assignees from any liability, damages, or costs arising from the access to and use of your Account.
2.6 You are responsible for all activities occurring on your Account, whether performed by you or by any other person using your Account. We assume no liability to you or any other person regarding any failure to fulfill your obligations under these Terms.
You hereby agree to hold us and any of our affiliates, subsidiaries, partners, designated operators, and assignees harmless from any liability, damages, or costs arising from such breaches.2.7 We cannot control content posted by the User while you or a third party is using our Services.
2.8 You may not post, upload, transmit, deliver, perform, or store any material that is illegal, offensive, threatening, defamatory, obscene, or otherwise objectionable and unlawful, nor engage in such conduct. Examples of such inappropriate conduct include, but are not limited to, the following:
2.9 We reserve the right to immediately suspend the Account or terminate any User's contract without prior notice in the event of any conduct we deem unacceptable while using or through the Services.
3.1 Usted reconoce y acepta que toda la Propiedad Intelectual relacionada pertenece y pertenecerá a nosotros. Usted no adquirirá ningún derecho, título o interés en la Propiedad Intelectual o de otro modo en relación con los Servicios, excepto por la licencia establecida en estos Términos.
3.2 Se le otorga una licencia limitada, no exclusiva, no sublicenciable y no transferible para utilizar los Servicios de acuerdo con los Términos. Esta licencia no incluye el derecho o licencia para copiar, modificar, distribuir, procesar, traducir, hacer extractos, transmitir, agregar a compilaciones o bases de datos, poner a disposición del público, mostrar públicamente, hacer adiciones o crear derivados, hacer ingeniería inversa, descompilar, alquilar, vender por una tarifa o licencia a terceros o explotar los Servicios, su software o cualquier parte o elemento de los mismos, o de cualquier otra forma usar la Propiedad Intelectual no permitida bajo estos Términos.
3.3 Todo el software que usted puede descargar a través de nuestros Servicios está protegido por derechos de autor. Usted no puede deshabilitar, eludir o violar las medidas de seguridad u otro medio tecnológico diseñado para proteger el software o cualquier otro contenido disponible a través de los Servicios.
3.4 En caso de que no cumpla con las disposiciones de la licencia, infringa la Propiedad intelectual relacionada con los Servicios o vaya más allá del alcance de la licencia, tendremos el derecho de suspender su Cuenta sin previo aviso o finalizar los Términos del servicio sin previo aviso, enfrentando la posibilidad de acciones legales.
3.5 También respetamos la Propiedad Intelectual de terceros y podemos, en circunstancias apropiadas y a nuestra sola discreción, suspender cualquier Cuenta o finalizar los Términos a través de los cuales se infringen los derechos de otros.
By using our Services and Site, you agree to our Privacy Policy. Please read it carefully to understand how we collect, use, share, and protect your information. We care about the privacy and security of our Users. You understand that by using the Services, you agree to the collection, use, and disclosure of your personally identifiable information and aggregated data as set forth in our Privacy Policy, and to the collection, use, transfer, and processing of your personally identifiable information as contemplated by our Privacy Policy. To provide you with the Services, when you provide us with your information, we will share that information with Partners to enable certain functionality on the Site or through the Services. Use of the Services and their features may require the collection and transmission of your personal information to ensure the functionality of the Services for you. You authorize MaoCredit to transmit your information to Partners. MaoCredit may transmit your request or loan application information to a Partner to expedite the loan application process (for example, when you have provided your information and click "Continue" or a similar button on the Site, MaoCredit may select a Partner for you and redirect you to that Partner's specific site). By clicking "Continue" or otherwise proceeding with the loan application process on the Site, you authorize MaoCredit to transmit your information for this purpose. You represent, warrant, acknowledge, and agree that by providing your information to MaoCredit and continuing to use the Site for service purposes, you (i) act in a manner that clearly indicates your intent and agreement to be automatically redirected to pages (e.g., websites) of Partners or pages related to Partner offer(s), and (ii) acknowledge that, based on your information, MaoCredit may connect you with a specific Partner and you may be automatically redirected to that Partner's page (e.g., the Site). You hereby represent and warrant that MaoCredit has all necessary consents and authorizations to connect you with a Partner's offer or redirect you to the Partner's page. Following such redirection, you are free to choose whether or not to use the services or products of said Partner. You declare, warrant, acknowledge, and agree that, upon such redirection, you shall be solely responsible for the choices you make and for your use of the products and services that the Partner may provide to you; furthermore, you declare that you have carefully read and understood the obligations, terms, and conditions regarding the products and services of the chosen Partner. The data collected are adequate, relevant, and not excessive in relation to the scope, purposes, and specific, explicit, and legitimate services of MaoCredit. Without prejudice to the foregoing, any data processing may be revoked at any time by the data subjects through the exercise of their rights. The User may exercise their rights of access, rectification, cancellation, and objection regarding the processing of their personal data by writing to the address mentioned above, by logging into the User Account, or by contacting us via the following email address: info@maocredit.co.za
You acknowledge that you are solely responsible for your use of the Services and the Site. You agree to defend, indemnify, and hold harmless MaoCredit and its affiliates, as well as their respective officers, directors, agents, employees, and Creditors (and their officers, directors, agents, and employees), from and against all claims, damages, obligations, losses, liabilities, costs or debts, and expenses (including, without limitation, attorney's fees) arising from: (i) your use of and access to the Services, including any data or content transmitted or received by you; (ii) your violation of any part of these Terms, including, without limitation, your breach of any of the representations and warranties; (iii) your violation of third-party rights, including, without limitation, privacy or intellectual property rights; (iv) your violation of any applicable law, rule, or regulation; (v) any claim or damages arising as a result of any of your User Content or any User Content submitted through your Account; or (vi) access to and use of the Services by third parties using your unique username, password, or other security code. MaoCredit reserves the right, but not the obligation, at our expense, to assume the exclusive defense and control of any matter subject to indemnification by you, and in such event, you agree to cooperate with our defense of such claim.
6.1 THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE." TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE IS PROVIDED WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, (i) IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, OR NON-INFRINGEMENT; OR (ii) ANY WARRANTIES ARISING FROM A COURSE OF PERFORMANCE, COURSE OF DEALING, OR USAGE OF TRADE. YOU UNDERSTAND AND AGREE THAT NOTHING RELATED TO THE SERVICES CONSTITUTES INVESTMENT ADVICE, LEGAL ADVICE, AND/OR ANY OTHER PROFESSIONAL CONSULTING SERVICE.
6.2 IN NO EVENT SHALL MaoCredit, ITS AFFILIATES, CREDITORS, OR THEIR RESPECTIVE AGENTS, DIRECTORS, OR EMPLOYEES BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DAMAGES—WHETHER INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR INVOLVING LOSS OF REVENUE OR DATA, AND WHETHER DIRECT OR INDIRECT—ARISING FROM OR IN ANY WAY RELATED TO THE USE OF THE SERVICES, ANY SITE CONTENT, OR OTHER MATERIALS FOUND ON OR ACCESSED THROUGH THE SITE, EVEN IF MaoCredit IS AWARE OR HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES.
6.3 NOTWITHSTANDING ANYTHING TO THE CONTRARY, TO THE EXTENT PERMITTED BY APPLICABLE LAW, MaoCredit’S LIABILITY TO YOU FOR ANY CAUSE—REGARDLESS OF THE FORM OF ACTION—SHALL AT ALL TIMES BE LIMITED TO THE AMOUNT YOU HAVE PAID MaoCredit TO USE THE SERVICES OR TO 100 EUR.
6.4 YOU ASSUME ALL RISKS AND RESPONSIBILITY FOR ANY DAMAGES ARISING FROM THE USE OF THE SERVICES. ANY CONTENT DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SERVICES IS DOWNLOADED AT YOUR OWN RISK, AND YOU WILL BE RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA RESULTING FROM SUCH DOWNLOAD OR YOUR USE OF THE SERVICES. MaoCredit IS NOT RESPONSIBLE OR LIABLE FOR ANY PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE CAUSED TO YOU BY ACCESSING THE SERVICES OR USING THE SITE.
6.5 MaoCredit DOES NOT GUARANTEE THAT SERVICE AVAILABILITY AND ACCESS THERETO WILL BE CONTINUOUS AND UNINTERRUPTED, AND ASSUMES NO LIABILITY FOR (I) ANY INTERRUPTION OR CESSATION OF TRANSMISSION OF THE SERVICES; (II) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SERVERS AND/OR ANY PERSONAL INFORMATION STORED THEREIN; (III) USER CONTENT OR THE DEFAMATORY, OFFENSIVE, OR ILLEGAL CONDUCT OF THIRD PARTIES; (IV) ERRORS, VIRUSES, TROJAN HORSES, OR THE LIKE THAT MAY BE TRANSMITTED TO OR THROUGH THE SERVICES BY THIRD PARTIES; (V) THE SITE OR SERVICES BEING AVAILABLE AT ANY TIME OR LOCATION, UNINTERRUPTED OR SECURE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; AND/OR (VI) THAT ANY DEFECT OR ERROR WILL BE CORRECTED.
6.6 MaoCredit DOES NOT GUARANTEE AND ASSUMES NO RESPONSIBILITY FOR THE EXISTENCE OF ERRORS, DEFECTS, OR OTHER INACCURACIES IN THE INFORMATION, CONTENT, OR MATERIAL PROVIDED THROUGH THE SERVICES. IT IS YOUR RESPONSIBILITY TO CONFIRM THE ACCURACY OF THE INFORMATION DISPLAYED ON THE SITE OR PROVIDED THROUGH THE SERVICES DIRECTLY WITH THE PARTNERS.
6.7 The content, information, and services are provided for informational purposes only. You are solely responsible for any financial decisions you make, and it is your duty to consult a financial advisor who understands and is familiar with your specific financial circumstances before making any financial decisions. You should not interpret anything on the site as a financial recommendation.
6.8 We make no representations or warranties, whether express or implied, regarding any partners or third parties, including those hyperlinked to our site or services. MaoCredit expressly disclaims all liability associated with partner or third-party websites, materials, products, or informational services, including, but not limited to, offers, pre-qualified pricing, or quotes. You understand and agree that these Terms, the Privacy Policy, and other MaoCredit terms and policies do not apply to your use of partner or third-party websites. MaoCredit is not a party to any transaction between you and a partner or third party. YOU ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT ALL TRANSACTIONS RELATED TO THE PRODUCTS OR SERVICES OF ANY PARTNER OR THIRD PARTY—INCLUDING, BUT NOT LIMITED TO, PAYMENT TERMS, PURCHASE TERMS, FEES, QUOTES, WARRANTIES, MAINTENANCE, AND DELIVERY—SHALL BE THE SUBJECT OF AN AGREEMENT SOLELY BETWEEN YOU AND THE PARTNER OR THIRD PARTY, REGARDLESS OF WHETHER THE TRANSACTION ORIGINATED ON OUR SITE OR THROUGH OUR SERVICES; FURTHERMORE, YOU EXPRESSLY RELEASE MaoCredit FROM ANY LIABILITY ARISING FROM YOUR USE OF PARTNER OR THIRD-PARTY WEBSITES, PRODUCTS, OR SERVICES, GIVEN THAT MaoCredit DOES NOT ENDORSE OR RECOMMEND ANY SPECIFIC PARTNER OR THIRD-PARTY PRODUCTS.
6.9 WE ASSUME NO RESPONSIBILITY FOR THE RELATIONSHIP OR INTERACTIONS BETWEEN YOU AND A PARTNER OR THIRD PARTY. WE DO NOT GUARANTEE THAT ANY PARTNER WILL APPROVE CREDIT OR PROVIDE CREDIT OFFERS, PRODUCTS, OR SERVICES. IF A PARTNER OFFERS YOU A PRODUCT OR SERVICE, OR APPROVES YOUR APPLICATION, WE DO NOT GUARANTEE THAT THE TERMS, FEES, OR OFFERS ARE THE BEST AVAILABLE ON THE MARKET OR FROM THAT PARTNER. WE DO NOT PARTICIPATE IN THE OFFERING, CONTRACTING, OR EXECUTION OF ANY PARTNER PRODUCT OR SERVICE, AND WE HAVE NO OBLIGATION TO VERIFY OR MONITOR THE SAME; FURTHERMORE, WE DO NOT GUARANTEE THE ACCURACY OF INFORMATION PROVIDED BY USERS OR INFORMATION VIEWED FROM PARTNERS OR THIRD PARTIES. ANY CORRESPONDENCE YOU HAVE WITH PARTNERS—AS WELL AS ANY PARTNER TERMS OF USE, POLICIES, DISCLOSURES, PRODUCTS, SERVICES, OR OTHER MATTERS—IS SOLELY BETWEEN YOU AND THE PARTNER, AND WE ASSUME NO COMMITMENT, LIABILITY, OR OBLIGATION IN THIS REGARD. WE DO NOT ACCEPT ANY OFFERS ON YOUR BEHALF. YOU ARE SOLELY RESPONSIBLE FOR THE OFFERS YOU ACCEPT.
7.1 The Services may contain links to third-party websites that are not owned or controlled by us. We are not responsible for the content, terms and conditions, privacy policies, or practices of third-party websites. Furthermore, we do not censor or edit the content of third-party websites.
8.1 You may not use the Services to solicit, interfere with, or attempt to lure away any of our customers, users, or subscribers.
8.2 The Services are for your own use only. Unless authorized under these Terms, you agree not to resell, share, duplicate, copy, distribute, lease, access, or provide parts of the Services for commercial purposes.
9.1 You agree to provide us, at any time, with the information we deem necessary and appropriate to verify compliance with anti-money laundering regulations of any applicable jurisdiction.
9.2 If you have reason to believe that any financial crime of any kind may be related to transactions initiated through the Services, you must contact us or the competent authorities directly.
10.1 You may terminate your relationship with us at any time.
10.2 We reserve the right to suspend or terminate your Account at any time without prior notice for any of the following reasons: (a) we have reason to suspect that you are involved in illicit or illegal activities or an organization prohibited by applicable law, or (b) we become aware of actual or potential unauthorized use of your Account details or another actual or potential security breach, or otherwise suspect unauthorized or fraudulent use of your Account, or (c) continuing to allow you to use the Services becomes—or could become—illegal or a violation of applicable laws or regulations, or (d) you have breached these Terms and failed to remedy such breach within 7 (seven) days of receiving our notice, or you no longer meet the registration criteria set forth in these Terms, or (e) we are required to take these measures by applicable law or by order of a court or other body of competent jurisdiction, or (f) your Account has been inactive for 12 (twelve) months.
10.3 Upon termination of your Account, (a) you shall cease using the Services and all rights granted to you under these Terms shall terminate, and (b) we shall delete User Content; however, you understand and agree that we may retain certain information and data in an anonymized form to further develop the Services (e.g., for statistics or to train machine learning algorithms).
10.4 Any suspected illegal activity may constitute sufficient grounds for Account termination and may be reported to the appropriate law enforcement authorities.
11.1 These Terms shall be governed by the laws of the Republic of Cyprus. Disputes and disagreements shall be resolved through negotiations between the parties.
11.2 For the avoidance of doubt, nothing in these Terms deprives you of the protection afforded to you as a consumer under the mandatory provisions of the law of your place of residence.
12.1 These Terms, together with the Privacy Policy and other policies linked to these Terms, as applicable, constitute the entire and exclusive agreement between you and MaoCredit regarding the use of and access to the Services.
12.2 The following sections survive the termination of these Terms: Intellectual Property, Limitation of Liability, Indemnification, and Data Protection.
12.3 If any provision of these Terms is held to be invalid by a court of competent jurisdiction, the invalidity of such provision shall apply to the fullest extent possible and shall not affect the validity of the remaining provisions of these Terms, which shall remain in full force and effect.
12.4 No waiver of any term of these Terms shall be deemed a further or continuing waiver of such term or any other term, and MaoCredit’s failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision.
12.5 Unless otherwise specified in the Terms, all notices shall be in writing and deemed duly delivered upon receipt; if delivered personally or sent by certified or registered mail (return receipt requested), or if transmitted by email, no later than the fifth (5th) day after sending, unless the sender receives a delivery failure notice and provided the recipient has not electronically confirmed receipt earlier; or the day after dispatch, if sent for next-day delivery via a recognized overnight delivery service.
12.6 Electronic notices shall be sent: (a) to us at the email address info@maocredit.co.za and (b) to you, at the email address associated with your Account.
