Terms of Service

Terms & Conditions

Please read these terms carefully before using our platform

Last updated: February 2026

1. Acceptance of Terms

By accessing and using the Farmers-Credit platform, you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by these terms, please do not use this service.

2. Eligibility Requirements

To use our services, you must:

  • Be at least 18 years of age
  • Own or operate a legitimate farming business
  • Provide valid government-issued identification
  • Have verifiable farm assets for collateral
  • Comply with all applicable laws and regulations

3. Loan Terms & Conditions

Interest Rates

Interest rates range from 5% to 15% APR based on creditworthiness, loan amount, and collateral provided. Rates are clearly disclosed before loan approval.

Repayment Terms

Loan terms range from 3 to 24 months. Payments are due monthly and can be made via bank transfer, Paystack, or cryptocurrency.

Collateral Requirements

Borrowers must provide farm assets as collateral. Asset valuation is conducted via our automated API system. Collateral remains locked until loan is fully repaid.

4. User Obligations

As a user of Farmers-Credit, you agree to:

Provide accurate and complete information
Make timely loan payments
Maintain valid collateral
Notify us of any changes to your information
Comply with all applicable laws
Not engage in fraudulent activities

5. Limitation of Liability

Farmers-Credit shall not be liable for any indirect, incidental, special, consequential, or punitive damages resulting from your use or inability to use the platform. We do not guarantee uninterrupted or error-free service.

6. Termination

We reserve the right to terminate or suspend your account and access to the platform at our sole discretion, without notice, for conduct that we believe violates these Terms of Service or is harmful to other users or our business.

7. Governing Law

These Terms of Service shall be governed by and construed in accordance with the laws of the jurisdiction in which Farmers-Credit operates. Any disputes arising from these terms shall be resolved through binding arbitration.

Questions?

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

support@farmers-credit.com
+1 (555) 123-4567