Dhiwanex Enterprise

A moneylending agreement is defined as a credit agreement where one or more of the following apply:The agreement or negotiations or both were conducted at a place other than the business premises of the moneylender or the supplier of goods or services under the agreement.You (the customer) will or may make repayments under the agreement to the moneylender or their representative at any place except the business premises of the moneylender or the supplier of goods or services.The total cost to you of credit under the agreement exceeds an APR (annual percentage rate) of 23% or such other rate as may be prescribed.Under the Central Bank’s Consumer Code for Licensed Moneylenders, your lending agreement must give you details about the loan and your moneylender must also tell you that the loan has a high cost.