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These Terms and Conditions govern access to and use of the CitaCredit platform and the secured lending services offered through it.
These Terms and Conditions govern access to and use of the CitaCredit platform and the secured lending services offered through it.
CitaCredit is a technology platform operated by CitaFinance Technologies Limited (“CFTL”, “CitaCredit”, “we”, “our”, or “us”).
Through the platform, CitaCredit provides secured lending services to borrowers who pledge eligible publicly traded securities as collateral.
By accessing the platform, applying for a loan, or using any services provided by CitaCredit, you agree to be bound by these Terms and Conditions.
If you do not agree to these Terms, you must not use the platform or services.
CitaCredit provides secured loan facilities funded exclusively from its own corporate balance sheet.
CitaCredit does not operate as:
All loans issued through the platform are direct bilateral loan agreements between the borrower and CitaCredit.
No third-party investors participate in the funding of loans.
To access the platform and apply for a loan, users must:
CitaCredit reserves the right to decline service to any applicant at its sole discretion.
CitaCredit provides secured loans backed by publicly traded securities.
Borrowers pledge eligible securities as collateral in order to obtain a cash loan without selling their assets.
Loans are subject to:
Approval of any loan is not guaranteed.
Loan-to-Value (“LTV”) represents the ratio between the loan amount and the market value of pledged collateral.
LTV = Loan Amount ÷ Market Value of Collateral
CitaCredit maintains a maximum initial LTV of 20%.
Borrowers must therefore pledge securities worth at least twice the value of the loan requested.
Example:
Eligible collateral may include:
Collateral eligibility may change at any time based on risk considerations.
Borrowers must transfer or pledge the collateral in accordance with procedures specified by CitaCredit and the relevant custodian or brokerage.
Collateral must remain free from:
Collateral securities may be held through:
The pledged securities may be subject to a lien, pledge, or blocking arrangement to ensure they cannot be transferred or sold without authorization during the loan period.
The borrower retains beneficial ownership of the securities unless enforcement occurs.
Collateral value is monitored periodically using:
Market volatility may affect collateral valuation.
CitaCredit reserves the right to adjust monitoring intervals and valuation methods.
The following thresholds apply:
If collateral value declines such that the LTV exceeds 50%, the borrower must take corrective action.
Corrective actions may include:
Failure to do so may result in enforcement actions.
If the LTV exceeds 75% or if a default event occurs, CitaCredit may liquidate pledged collateral.
Liquidation may be conducted through:
CitaCredit may sell sufficient collateral to restore the loan to acceptable risk levels or fully repay the outstanding balance.
Borrowers authorize CitaCredit to execute such transactions without additional consent when required.
Loans may be subject to the following fees:
All fees will be disclosed before loan acceptance.
Borrowers must repay loans in accordance with the repayment schedule provided in the loan agreement.
Early repayment may be permitted subject to terms defined in the loan agreement.
Upon full repayment:
A borrower may be considered in default if any of the following occurs:
Upon default, CitaCredit may:
Borrowers acknowledge that securities-backed lending involves risks including:
CitaCredit does not provide financial advice, investment recommendations, or portfolio management services.
Borrowers remain responsible for their own investment decisions.
CitaCredit may update, suspend, or modify the platform at any time.
We do not guarantee uninterrupted access.
To the fullest extent permitted by law, CitaCredit shall not be liable for:
CitaCredit may collect and process personal data necessary to:
CitaCredit provides secured lending services funded from its own balance sheet.
The platform does not facilitate third-party investment participation and does not provide securities brokerage or trading services.
CitaCredit reserves the right to modify these Terms and Conditions at any time.
Updated terms will be published on the platform.
Continued use of the platform constitutes acceptance of the revised terms.
These Terms and Conditions are governed by the laws of the Republic of Zambia.
Any disputes arising under these terms shall be subject to the jurisdiction of Zambian courts.
For questions regarding these Terms and Conditions, please contact:
CitaCredit
CitaFinance Technologies Limited
Workers compensation house, Cairo rd, Lusaka, Zambia.
service@citafinance.com
www.citafinance.com