1. Introduction
Welcome to Vistula Finance Ltd. (“we”, “our”, “us”). These Credit Terms and Conditions (the “Terms”) govern your use of our online credit services. By applying for a loan through Vistula Finance, you agree to abide by these Terms. Please read them carefully before submitting your application.
2. Eligibility Criteria
To be eligible for a loan with Vistula Finance, you must meet the following conditions:
Age: You must be at least 18 years old.
Residence: You must be a resident of one of the countries where we operate (Finland, Poland, Norway, Hungary, etc.).
Income: You must have a stable income source (proof of income may be required).
Creditworthiness: We will assess your creditworthiness through the information you provide (credit score, financial history, etc.).
Note: The final decision on whether to grant credit will depend on your application, your financial situation, and your ability to repay the loan.
3. Types of Credit We Offer
We offer the following types of credit:
a. Personal Loans
Amount: Between €500 and €5000 (depending on eligibility).
Term: Loans can be repaid over a period of 3 months to 36 months.
b. Short-Term Loans
Amount: Between €100 and €1500.
Term: Up to 6 months.
Repayment: Flexible repayment options, with the possibility to extend the loan term depending on your situation.
c. Business Loans (if applicable)
Amount: Customizable based on business needs.
Term: Typically 6 months to 5 years.
Repayment: Fixed or flexible repayment schedule based on business cash flow.
4. Loan Application Process
The loan application process involves the following steps:
Application Submission: Fill out the online application form on the Vistula Finance website. Provide accurate and complete information.
Identity and Credit Check: We will verify your identity and assess your creditworthiness by checking your credit score and financial history.
Approval and Loan Offer: If your application is approved, we will send you a loan offer outlining the amount, interest rate, repayment terms, and other conditions.
Acceptance: You must review and accept the loan offer to proceed with the loan agreement.
Disbursement: Once you accept the offer, the loan amount will be transferred to your designated account within 24 hours.
5. Interest Rates and Fees
a. Interest Rates
The interest rate is determined based on your credit score and financial profile. Rates vary from [X%] to [Y%] APR (Annual Percentage Rate), and will be clearly stated in your loan offer.
b. Additional Fees
In some cases, you may incur additional fees, including:
Late Payment Fee
Prepayment Fee
Loan Extension Fee
Note: All fees will be clearly stated in your loan agreement.
6. Repayment Terms
The repayment terms for your loan will depend on the type of loan you receive. You can make repayments via bank transfer, credit/debit card, or direct deposit. We may also offer flexible repayment options depending on your financial situation.
If you are unable to make a payment on time, please contact us immediately to discuss a possible solution, such as a loan extension or restructuring.
7. Late Payments and Default
If you fail to make a payment by the due date, the following will apply:
Impact on Credit: Late payments or defaults may be reported to credit bureaus, which could affect your credit score and future credit applications.
Debt Collection: If you fail to repay the loan after several reminders, we may refer the debt to a collection agency, and additional collection fees may apply.
8. Right of Withdrawal
You have the right to withdraw from the loan agreement within 14 days after signing the contract, without providing any reason. If you choose to withdraw, you must repay the entire loan amount along with any accrued interest up to the date of withdrawal. Withdrawal can be made by contacting us at contact@vistulafin.com.
9. Termination of the Loan Agreement
We may terminate the loan agreement if:
You fail to meet the repayment terms as outlined in the agreement.
You provide false or misleading information during the loan application process.
If we terminate the agreement, we may demand immediate repayment of the entire loan amount.
10. Amendments to These Terms
We reserve the right to change these Terms at any time. Any amendments will be published on our website and you will be notified of such changes. Continued use of our services after the changes have been implemented constitutes your acceptance of the new terms.
11. Governing Law and Jurisdiction
These Terms are governed by the laws of Finland. Any disputes arising from the loan agreement will be subject to the exclusive jurisdiction of the courts in Helsinki.