1. Loan Agreement

1.1 The borrower agrees to borrow a specific amount, determined by Diznabi Capital Ltd, for the purpose of purchasing a motorbike in relation to their business.

1.2 The loan amount, repayment terms, interest rate, and any additional charges will be specified in the loan agreement.

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

2. 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 motorbike.

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

3. Motorbike Ownership

3.1 Until the loan is fully repaid, the motorbike purchased through the hire purchase loan shall remain the property of Diznabi Capital Ltd.

3.2 The borrower shall have possession and use of the motorbike during the loan term.

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 motorbike by Diznabi Capital Ltd.

5. Transfer and Subleasing

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

6. Insurance

6.1 The borrower must maintain comprehensive insurance coverage for the motorbike 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 motorbike.

7.2 The borrower must ensure that the motorbike 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 motorbike 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.

1. Data Collection and Use

1.1 Diznabi Capital will collect and process personal and business information provided by the borrower for the purpose of assessing loan eligibility and managing the loan application.

1.2 Diznabi Capital may use the information to verify identity, evaluate creditworthiness, and conduct necessary background checks.

2. Data Security and Confidentiality

2.1 Diznabi Capital will take appropriate measures to safeguard the confidentiality and security of borrower information.

2.2 Access to borrower data will be limited to authorized personnel and third parties involved in loan processing, subject to legal and regulatory requirements.

3. Data Sharing

3.1 Diznabi Capital may share borrower information with credit bureaus, regulatory authorities, and other entities as required by law.

3.2 Diznabi Capital may engage third-party service providers to assist with loan processing and administration. These service providers will be bound by confidentiality obligations.

4. Marketing and Communication

4.1 Diznabi Capital may use the borrower's contact information to communicate important loan-related updates or offers.

5. Data Retention

5.1 Diznabi Capital will retain borrower information for as long as necessary to fulfill loan-related obligations and comply with legal and regulatory requirements.

6. Rights and Access

6.1 The borrower has the right to access and request the correction, update, or deletion of their personal information held by Diznabi Capital, subject to legal limitations.

7. Consent

7.1 By applying for the business loan, the borrower consents to the collection, use, and disclosure of their personal and business information as outlined in this privacy notice.