Terms of Use

This Agreement was draftedon 1st November 2019

TERMS OF USE

IMPORTANT – PLEASE READ THESE TERMS OF USE (INCLUDING PRIVACY POLICY) (REFERRED TO AS THE “TERMS”) CAREFULLY. By accessing the CompareLoan.sg Website (“Site”) and/or using the CompareLoan.sg mobile application (“App”) (where available) and associated software for the Services (as defined below), you hereby expressly acknowledge and agree to be bound by the Terms and any future amendments and additions to the Terms as published from time to time on the Site, App and/or any other media as CompareLoan.sg shall deem appropriate, which amendments and additions shall take effect upon publication. If you do not agree to or fall within the Terms, please do not continue using the Site, App and/or any of the Services. 

In the Terms, “we”, “us”, “our”, “CC” or “CompareLoan.sg” means One Eleven Capital Pte Ltd (Company No. 201837337) and/or CompareLoan.sg as the case may be, “you”, “your” or “yours” means the persons to whom these Terms apply and “CompareLoan.sg” means One Eleven Capital Pte Ltd. (“CompareLoan.sg”), its holding company, and/or related corporations.

A. USE OF SERVICES

We will only accept applications submitted by yourself and on your own behalf. You are responsible for the accuracy, adequacy and completeness of information submitted to us and you acknowledge that we will be relying on the information for the purposes of processing your application. We shall be entitled to treat an application received as being properly authorised by you and binding upon you, and we are not required to further investigate or enquire the authenticity or authority of the application.

You acknowledge and agree that we have no obligation to process or approve an application received by us within a certain time or at all. We are not obliged to notify you in respect of the status of the application or inform you of the reason(s) if we decide not to process or to reject the application. We may at our discretion request for additional information or verification from you and may treat the application as being withdrawn if such request is not met in a timely fashion. 

B. SECURITY

You are responsible for the safeguard of any user id or passwords created by you and/or use of any one-time password dispatched to you. We shall not be liable to you for any loss, damage, liability, cost or expenses incurred by you as a result of the loss or unauthorised use of any such user id or passwords.   

You agree that the information submitted via the Site and/or App is only encrypted and secured upon transmission to us and agree that we use commercially reasonable security procedures to verify that such information originate from you and is not altered during transmission to us. You agree that we are not liable to you if any transmission is delayed, lost or otherwise fails to reach us, or if the information set out within the application is modified, intercepted or otherwise accessed by a third party during the process of transmission.   

You hereby agree to indemnify and save Compareloan.sg harmless against all damages, losses, liabilities, expenses and costs (including legal costs) suffered or incurred by CompareLoan.sg in connection with or arising from:

1. Your access of this Site and/or use of the Services;

2. Any other party's access of this Site and/or use of the Services using your user id and/or login password;

3. Your breach of any of the Terms; or 

4. Any other party's breach of any of the Terms where such party was able to access this Site and/or use the Services by using your user id and/or login password.

C. Our Service

The Website is an online platform that matches short-term borrowers with licensed moneylenders through a transparent and fair way. Our service is free for you to use.

You acknowledge and agree that:-

  1. CompareLoan.sg is not a licensed moneylender under the Moneylenders Act;
  2. CompareLoan.sg assumes no advisory or fiduciary responsibility with respect to you in connection with the use of Services;
  3. CompareLoan.sg has not provided you with any legal, accounting, regulatory or tax advice with respect to the use of Services; and
  4. You have consulted your own legal, accounting, regulatory and tax advisors with respect to the use of Services. 

By submitting your details and personal information, you are making a request to us to obtain the relevant offers from our participating licensed moneylenders. The connection will only be made once you accept lenders offer.

We aim to provide uninterrupted access to the Website but we give no warranty as to the uninterrupted availability of the Website. We reserve the right to suspend, restrict or terminate your access to the Website at any time.

We reserve the right to add, amend, delete, edit, remove or modify any information, content, material or data displayed on the Website and without notice from time to time.

D. Permitted Use

You are only permitted to access and use the Website for your personal, noncommercial purpose. Access to and use of the Website other than for your personal, noncommercial purpose is strictly prohibited.

E. Indemnity

You agree to indemnify and hold CompareLoan.sg, its directors, officers and employees, harmless from any claim, demand, or damage, including legal fees, asserted by any third party due to or arising out of your access of the Website or your use of Services

 

F. Intellectual Property Rights

The names, images and logos (“Marks”) identifying CompareLoan.sg or third parties and their products and services are subject to copyright, design rights and trademarks of CompareLoan.sg and/or third parties, and all rights to the Marks are expressly reserved by CompareLoan.sg or the relevant third parties. 

Nothing contained in this Agreement shall be construed as conferring by implication, estoppel or otherwise any licence or right to use any trademark, patent, design right or copyright of CompareLoan.sg or any other third party, without the prior written consent of CompareLoan.sg or such third party. The name of CompareLoan.sg or any other Marks may not be used in any way, including in any advertising or publicity, or as a hyperlink without prior written permission of CompareLoan.sg.

CompareLoan.sg and its affiliates and licensors own and retain all rights, titles and interest in and to:-

  1. The Website;
  2. All hardware, software and other items used to prove the use of Services; and
  3. All materials, including without limitation, the information, databases, data, documents, online graphics, audio and video, in the Website, which contains proprietary and confidential information that is protected by applicable intellectual property and other laws. Except as expressly authorized by CompareLoan.sg, you shall not copy, modify, publish, transmit, distribute, perform, display or sell any of CompareLoan.sg’s proprietary information. You shall also not decompile, reverse-engineer or otherwise attempt to discover the source code of any content available on the Website except under the specific circumstances expressly permitted by law or in writing by CompareLoan.sg.

By submitting, posting or displaying content on or through the Website, you grant to CompareLoan.sg a worldwide, non-exclusive, royalty-free licence to reproduce, adapt and publish such content on the Website for the purpose of displaying, distributing and promoting the Website. You further grant to CompareLoan.sg an irrevocable non-exclusive licence to use such content submitted, posted or displayed, including any ideas, inventions, concepts, techniques or know-how disclosed herein, for any purpose, including the developing and/or marketing of the use of Services. CompareLoan.sg reserves the right to retain an archival record of all such content including those deleted or removed by you.

In the event that you download any software, application or script from the Website, the software, application or script, including any files, imagines incorporated in or generated by the software, and data accompanying the software (collectively referred to as the “Software”) are licensed to you by CompareLoan.sg on a non-exclusive, non-transferable, and non-sublicensable basis for the sole purpose only of utilizing the use of Services in accordance with this Agreement. For the avoidance of doubt, CompareLoan.sg does not transfer title ownership or any other rights of the Software to you. You shall not redistribute, sell, decompile, reverse-engineer, disassemble or otherwise deal with the Software. Any Software downloaded from the Website shall be at your own risk.  

G. COMPARELOAN.SG DISCLAIMERS & LIMITATION OF LIABILITY

While CompareLoan.sg makes every effort to ensure that contents of the Site and/or App (“Content”) is accurate and complete, the Content is provided on an ‘as is’, ‘as available’ basis only without warranties of any kind, express or implied.  

CompareLoan.sg does not warrant that the functions contained in or access to the Site, App or Content will be timely, error-free, or without omission, that defects will be corrected, or that the Site, App, or Content are free of viruses or other harmful components, or that the download, installation or use of the App or any Content in or with any device will not affect the functionality or performance of the device.  CompareLoan.sg does not warrant or make any representations regarding the use or the results of the use of the Content, the Services, the Site or the App in terms of their correctness, accuracy, completeness, reliability, or otherwise.  

You agree that: 

1. CompareLoan.sg shall be entitled at any time, at its sole and absolute discretion and without prior notice, to add to, vary, terminate, withdraw or suspend the operation of the whole or any part or feature of the Site, App or Services without assigning any reason; and

2. Access to or the operation of the Site, the App and/or the Services may from time to time be interrupted or encounter technical or other problems and may not necessarily continue uninterrupted or without technical or other errors;

3. CompareLoan.sg’s Site, App, and/or Service may be subject to limitations, delays, and other problems inherently and in any such event, CompareLoan.sg shall not be liable for any loss, liability or damage, which may be incurred as a result. 

4. In no event shall CompareLoan.sg be liable to you for any damages, losses, expenses, liabilities under any causes of action (whether in contract or tort including, but not limited to negligence, or otherwise) caused through the use of, or the inability to use, the Services, the Site, the App and/or Content or any other website or device.  [In the event that CompareLoan.sg is liable for damages despite the foregoing provision, you agree that, to the greatest extent permitted by law, CompareLoan.sg’s aggregate liability to you for any and all causes of action shall not exceed the aggregate amount of any fees and charges (if any) that have actually been received by CompareLoan.sg Group from you in the preceding 6 months. In no event shall CompareLoan.sg be liable for any indirect, special, consequential, or incidental damages that result from the Services, App or Content, or your use of, or the inability to use, the Services, Site, App, Content or any other website or device, even if CompareLoan.sg or a CompareLoan.sg authorised representative has been advised of, or should have foreseen, the possibility of such damages.   You agree that the above exclusions and limitations of liability enable the Services and the Content to be provided by CompareLoan.sg at either reasonable costs or no costs to you.

H. GOVERNING LAW AND OTHER PROVISIONS

The Terms are governed by the laws of Singapore. All disputes arising from or pursuant to the Terms shall be resolved before the courts of Singapore, and you agree to submit to the non-exclusive jurisdiction of such courts. 

In these Terms, any reference to a person includes a reference to partnerships, companies, associations or other bodies of persons, incorporated or otherwise, and to such person's successors, assigns, transferees or other persons authorised to take over such person's legal rights. If any provision of these Terms is unlawful or unenforceable under any applicable law, it will, to the extent permitted by such law, be severed without affecting the validity of the other provisions. 

  1. Miscellaneous

You agree that no joint venture, partnership, or employee relationship exists between you and us as a result of these Terms of Use or as a result of the use of Services.

This Website is only intended for use by residents of the Republic of Singapore. We make no warranty or representation that residents living outside The Republic of Singapore will be able to borrow money from licensed moneylenders through the Website. If you choose to use this Website from locations outside the Republic of Singapore, you shall be responsible for compliance with all applicable local laws.

Except as otherwise expressly provided herein, this Agreement represents the entire agreement between you and CompareLoan.sg regarding the subject matter hereof and supersedes any prior agreement between you and CompareLoan.sg as well as all prior or contemporaneous communications, promises and proposals, whether oral, written or electronic, between us.

All disclaimers, indemnities and exclusions in this Agreement shall survive the termination of this Agreement by any reason.

If any provision of this Agreement or part thereof is rendered void, illegal or unenforceable by any legislation to which it is subject, it shall be rendered void, illegal or unenforceable to that extent and no further and, for the avoidance of doubt, the rest of this Agreement shall continue in full force and effect and the legality, validity and enforceability of the whole of this Agreement in any other jurisdiction shall not be affected.

We may provide you with notices, including those regarding changes to the Terms, by email, regular mail, postings on the Website, or other reasonable means now known or developed in the future.