1. Loan Agreement

1.1 The hire purchase business loan for a car is subject to the terms and conditions outlined in this agreement and any additional documents signed by the borrower.

1.2 The borrower agrees to provide accurate and complete information during the loan application process.

2. Loan Amount and Repayment Terms

2.1 The approved loan amount, interest rate, and repayment terms will be determined by Diznabi Capital Ltd based on the borrower's creditworthiness and the value of the car.

2.2 The borrower agrees to repay the loan amount, including applicable interest and fees, according to the agreed-upon repayment schedule.

3. Ownership of the Car

3.1 The car purchased through the hire purchase business loan remains the property of Diznabi Capital Ltd until the loan is fully repaid.

3.2 The borrower is responsible for maintaining and insuring the car throughout the loan period.

4. Default and Late Payments

4.1 The borrower is expected to make timely repayments as per the agreed-upon repayment schedule.

4.2 Failure to make scheduled payments may result in default, late payment fees, and repossession of the car by Diznabi Capital Ltd .

5. Transfer and Subleasing

5.1 The borrower cannot transfer or sublease the car without prior written consent from Diznabi Capital Ltd .

6. Insurance

6.1 The borrower must maintain comprehensive insurance coverage for the car throughout the loan period.

6.2 The insurance policy must list Diznabi Capital Ltd as the loss payee or additional insured party.

7. Maintenance and Repairs

7.1 The borrower is responsible for regular maintenance, servicing, and repairs of the car.

7.2 The borrower must ensure that the car is kept in good working condition throughout the loan period.

8. Early Repayment

8.1 The borrower may choose to repay the loan in full before the agreed-upon maturity date.

8.2 Early repayment may be subject to prepayment penalties or fees, as specified in the loan agreement.

9. Termination

9.1 Diznabi Capital Ltd reserves the right to terminate the loan agreement if the borrower fails to meet their obligations or breaches the terms and conditions.

9.2 In case of termination, Diznabi Capital Ltd may repossess the car and take legal action to recover outstanding loan amounts.

10. Changes to Terms and Conditions

10.1 Diznabi Capital Ltd reserves the right to modify or amend the terms and conditions of the hire purchase loan agreement.

10.2 Any changes will be communicated to the borrower in writing, and the borrower will have the opportunity to review and accept the revised terms.