Surge Global Resources

Terms & Conditions

Effective Date: Loading...

Company Name: Surge Global Resources

RC Number: [Insert CAC RC Number]

Registered Office: Shop 336 Purple Stone Plaza Apo Zone B. FCT Abuja

Welcome to Surge Global Resources (“we,” “our,” or “us”). These Terms and Conditions govern all loan transactions and related services provided by Surge Global Resources. By applying for or accepting a loan from us, you agree to be bound by the following terms.

1. Eligibility

To qualify for a loan from Surge Global Resources, you must:

  • Be at least 18 years old.
  • Be a Nigerian resident with valid identification (National ID, Driver’s License, Voter’s Card, or International Passport).
  • Provide acceptable collateral such as a laptop, car, or gold item in good and verifiable condition.
  • Provide accurate and complete information during your loan application.

2. Loan Terms

  • Loan amounts are determined after valuation of the collateral provided.
  • The standard loan duration is 30 days.
  • The applicable interest rate is 15% per month.
  • Repayment must be made on or before the agreed due date stated in the loan agreement.
  • Extensions or renewals may be granted at the company’s discretion and may attract additional charges or interest.

3. Collateral and Valuation

  • Accepted collateral includes laptops, vehicles (or vehicle documents), and gold items.
  • Collateral is inspected, valued, and documented before loan approval.
  • All collateral is safely stored and insured for the duration of the loan.
  • Once the borrower fully repays the loan (principal plus interest), the collateral will be returned in its original condition.

4. AI-Powered Valuation

  • Our website features an AI-powered tool that provides a preliminary, non-binding valuation estimate for your item.
  • This estimate is for informational purposes only and is based on the description and photo you provide.
  • The final, official loan offer will be determined only after a physical inspection and professional appraisal of the collateral at our office. Surge Global Resources is not bound by the AI-generated estimate.

5. Default and Collateral Disposal

  • Failure to repay the loan within the agreed period constitutes a default.
  • If a borrower defaults, Surge Global Resources reserves the right to sell, auction, or dispose of the collateral to recover the outstanding balance, accrued interest, and any related costs.
  • If the sale value exceeds the debt, the balance will be returned to the borrower.
  • Repeated defaults may result in disqualification from future loans.

6. Borrower Responsibilities

The borrower agrees to:

  • Provide truthful and accurate information during the loan process.
  • Maintain updated contact details with the company.
  • Use borrowed funds for lawful purposes only.
  • Collect their collateral promptly upon full repayment.

7. Data Privacy

  • We value your privacy and handle all information in accordance with the Nigeria Data Protection Regulation (NDPR).
  • We collect and store only the data required to process and manage your loan.
  • Information such as identification, contact details, and collateral photos may be collected for verification and security.
  • Your information will not be shared with third parties except where required by law or for loan recovery purposes.
  • By applying for a loan, you consent to our collection and use of your data for legitimate business purposes.

8. Fees and Charges

All applicable fees, charges, and interest rates are disclosed clearly before loan approval. Additional fees may apply for:

  • Late repayment
  • Loan renewal or rollover
  • Extended collateral storage

9. Communication

We will contact borrowers through the information provided during registration, including:

  • Verified phone number or WhatsApp
  • Email address
  • Physical correspondence (if required)

Borrowers are responsible for ensuring that their contact details remain accurate and up to date.

10. Limitation of Liability

Surge Global Resources takes all reasonable steps to secure and protect collateral. However, we are not liable for:

  • Losses caused by natural disasters, theft, or events beyond our control.
  • Losses resulting from the borrower’s misuse of loan funds or late repayment.

11. Governing Law

These Terms and Conditions are governed by the laws of the Federal Republic of Nigeria. Any dispute arising under these terms shall be resolved in the appropriate courts of Nigeria.

12. Amendments

Surge Global Resources reserves the right to modify or update these Terms and Conditions at any time. Updates will be posted on our official website, and continued use of our services indicates acceptance of the updated terms.

13. Contact Information

For inquiries, feedback, or complaints, please contact us:

Surge Global Resources
Email: surgeglobalresources@gmail.com
Phone: +234 813 885 2314
Address: Shop 336 Purple Stone Plaza Apo Zone B. FCT Abuja