Last Updated: February 24, 2025
Welcome to Jumypay ("we," "our," or "us"). By accessing or using our loan services, you agree to be bound by these Terms and Conditions. Please read them carefully before applying for a loan.
• Loans are subject to eligibility and collateral verification
• Interest rate: 10% per month
• Processing fee: 10% upfront
• Late payment penalty: 5% per day
To apply for a loan with Jumypay, you must:
All loans carry a fixed interest rate of 10% per month. Interest is calculated based on the principal amount and the loan duration.
A one-time processing fee of 10% of the loan amount is deducted upfront before disbursement.
Loans must be repaid by the agreed-upon date. Early repayment is encouraged and does not incur any penalties. If you repay early, interest is calculated only for the period the loan was used.
| Loan Amount (XAF) | Processing Fee (10%) | Monthly Interest (10%) | Total Repayment (1 month) |
|---|---|---|---|
| 50,000 | 5,000 | 5,000 | 55,000 |
| 100,000 | 10,000 | 10,000 | 110,000 |
| 500,000 | 50,000 | 50,000 | 550,000 |
| 1,000,000 | 100,000 | 100,000 | 1,100,000 |
All loans require physical collateral that can be verified by our representatives. Accepted collateral includes:
Collateral value must be at least 1.5x the loan amount. Our team will conduct a physical inspection before loan approval.
If you fail to repay by the due date, a 5% daily penalty will be applied to the outstanding amount. This penalty accrues until the full amount is paid.
We offer a 3-day grace period after the due date. During this time, we encourage you to contact us to discuss extension options. No additional penalties are applied during the grace period.
If payment is not received within 15 days after the due date, the loan will be considered in default. In case of default:
If you anticipate difficulty repaying on time, contact us before the due date. We offer:
Extension fees may apply. Contact us to discuss options.
By submitting an application, you certify that all information provided is accurate and complete. Providing false or misleading information may result in:
We collect and process your personal information in accordance with our Privacy Policy. By using our services, you consent to:
By applying for a loan, you agree to receive communications from us via:
These communications may include loan updates, payment reminders, and promotional offers.
Jumypay shall not be liable for any indirect, incidental, or consequential damages arising from:
Our total liability shall not exceed the amount of the loan provided.
We reserve the right to modify these terms at any time. Changes will be effective immediately upon posting on our website. Continued use of our services constitutes acceptance of the modified terms.
These terms shall be governed by and construed in accordance with the laws of the Republic of Cameroon. Any disputes arising shall be subject to the exclusive jurisdiction of the courts in Cameroon.
If you have questions about these Terms, please contact us: