These Terms and Conditions apply to and regulate the provision of overdraft facilities provided by One Finance & Investments Limited (hereinafter called “One Finance” or “Carbon”), a financial institution licensed by the Central Bank of Nigeria (“CBN”) which provides financial services to the Customer herein. These Terms and Conditions constitute One Finance's offer and sets out the terms governing this Agreement.
Carbon Optimus Overdraft is an open-end credit plan offered by One Finance and BY ACCEPTING THIS ONLINE OFFER, AN ACCOUNT IS SET UP WITH ONE FINANCE and you agree that you have read these Terms and Conditions. You agree that you authorize One Finance to review your credit report and you understand that this account may be subject to transaction fees and default fees and is governed by the Laws of the Federal Republic of Nigeria.
By accepting these Terms and Conditions, you have agreed to avail from One Finance an overdraft facility up to the maximum overdraft limit that will be set in this terms and conditions.
You will be asked to provide information (such as your date of birth and your Bank Verification Number) when you apply for a Carbon Optimus Overdraft, as well as your current residential address/registered address ( in the case of a Company), and/or any other KYC requirement as may be prescribed by the Central Bank of Nigeria from time to time. These information shall be used for verification purposes.
In order to ensure that we are able to provide communications to you electronically, you must notify us of any change in your email address and your mobile device number or other text message address by updating your profile.
How to use Carbon Optimus Overdraft
This is an open-end credit account where you access overdraft facilities using a Carbon Account, while you repay the overdraft facility on a future date at a flat interest on the overdraft of up to 1% daily.
In this agreement, the terms: “You”, “your”, “Customer”, “Borrower” shall mean the person or Company who applied for this overdraft facility and agrees to this Terms and Conditions while “We”, “us” and “our” and “Lender” shall mean One Finance, and following an assignment, any person, company or bank to whom the rights and/or obligations of One Finance have been assigned to. “Agreement” shall mean this Terms and Conditions.
In order to use the Overdraft facility –
By ticking the “I agree to the Terms and Conditions”, on the application form, which you hereby adopt as your electronic signature, you consent and agree that:
The Borrower agrees that The Lender may communicate with them by sending notices, messages, alerts and statements in relation to this Agreement in the following manner: