Buy Now, Pay Later
The Terms of the Device Financing Agreement between Pody Network Limited and the Customer.
Pody finances the Device on the terms in the Schedule if it approves the application after verification and review. Approval is at Pody’s discretion, and Pody may contact the referees the Customer submitted as part of that review.
Signing this Agreement is not an approval. This Agreement takes effect only if Pody approves the application.
No interest or fees apply to the financing, other than the charges and costs in clause 5.
The Customer pays each Installment Amount by its due date, as shown in the Pody app, through a payment channel specified in the app. A payment counts only once Pody has received and verified it.
Where the Total Repayment does not divide evenly into the instalments, one instalment may differ from the Installment Amount by a few naira, always less than ₦10. This is a rounding adjustment, not an extra charge, and the instalments always add up to the Total Repayment.
The Customer takes possession of the Device, and the risk of its loss, theft or damage, on delivery.
Loss, theft or damage of the Device does not release the Customer from paying the Total Repayment. The Customer must take reasonable care of the Device and tell Pody promptly if it is lost, stolen or seriously damaged.
Ownership passes to the Customer when the Total Repayment is paid in full. Until then, the Customer must not sell, pledge or give away the Device.
The Customer agrees to Pody installing device-management software (the “Software”) on the Device. It is used only to protect Pody’s financing and encourage on-time payment, and does not give Pody access to the Customer’s files, photos, messages, camera, microphone or location.
Pody may lock the Device only after the Cure Period in clause 5.2 ends without payment, and after checking its records that the amount is still unpaid. If the Customer disputes the amount before then, Pody will review the dispute before locking.
A lock restricts use of the Device where the Software supports it, and shows how to pay and contact Pody. It does not delete data.
Pody will unlock the Device after the overdue amount is paid and verified, and remove the Software after full payment.
The Customer must not remove, disable or bypass the Software under any condition. If a repair may affect the Software, the Customer must notify Pody first.
Pody may contact the Customer once an instalment is due, and may call the Customer from the 3rd day it is overdue. Late repayment may lower the Customer’s credit score and affect future access to Pody financing.
If an instalment is unpaid on its due date, Pody will send a notice by email, SMS or in-app giving the Customer at least 7 days to pay (the “Cure Period”). Pody may, at its sole discretion, extend the Cure Period to up to 15 days. An extension is a concession only and does not waive any of Pody’s rights.
If the Customer does not pay within the Cure Period, tampers with the Software or disposes of the Device, Pody may:
If the amount is still unpaid 30 days after the notice, Pody may demand the full unpaid balance.
Pody will recover debts only by lawful means and will not harass or threaten the Customer. Pody may contact the referees the Customer submitted about the debt, but no other family, friends, school or phone contacts.
The Customer bears all transaction charges on repayments, and Pody’s reasonable costs of recovering overdue amounts, including legal action.
Payments already made are not forfeited, and Pody will not recover more than is owed.
The Customer is at least 18 years old, has full legal capacity to enter into this Agreement, and has given true and complete information. The Customer may not rely on any lack of age or capacity, or on not having read or understood this Agreement, as a defence to its obligations.
The Customer’s statutory rights and the manufacturer’s warranty are not affected.
Pody does not condone fraud. If the Customer gives false information or documents, impersonates anyone, or makes a fraudulent or reversed payment, Pody may immediately demand the full unpaid balance, use any remedy in clause 5.3, and report the matter to the authorities.
Pody processes the Customer’s identity, student, contact, payment and Software data to provide the financing, prevent fraud and meet legal duties, under the Nigeria Data Protection Act 2023.
The Customer consents to Pody using automated decision-making, including credit scoring, to assess eligibility, set credit limits and approve or decline applications. The Customer may ask Pody for a human review of any such decision, give their view and contest it.
Pody shares data only as needed with service providers, credit bureaus, insurers and authorities.
Marketing needs separate consent, and the Customer may opt out at any time.
The Customer’s rights are set out in Pody’s privacy notice at pody.network/privacy.
Complaints go to hello@pody.network or +234 912 289 5333.
If a complaint is not resolved within 30 days, either party may refer the dispute to mediation at the Kwara State Multi-Door Courthouse in Ilorin.
If mediation fails within 30 days, a sole arbitrator in Ilorin, appointed through the Kwara State Multi-Door Courthouse, will finally resolve the dispute under the Arbitration and Mediation Act 2023. Hearings may be virtual, and each party bears its own costs unless the arbitrator decides otherwise.
Neither party may start court proceedings on such a dispute, except for urgent relief or to enforce an award. Pody may, however, recover unpaid sums through lawful debt recovery, including in court. The Customer may complain to the FCCPC or the NDPC at any time.
This Agreement is governed by the laws of the Federal Republic of Nigeria.
This Agreement will be signed electronically.
This Agreement, the Schedule and Pody’s Terms of Service are the whole agreement. The Schedule prevails on transaction details, and this Agreement prevails over the Terms of Service.
Changes must be agreed in writing by both parties.
Notices may be sent in-app, by SMS or by email.
Neither party is liable for delay caused by events beyond its reasonable control, such as natural disasters, government action, or network or banking outages. This does not cancel the Customer’s payment obligations, which resume once the event ends.
If a clause is invalid or unenforceable, the rest still applies.
A delay or failure by Pody to enforce a right does not waive it.
Pody may transfer its rights under this Agreement with notice to the Customer. The Customer may not transfer theirs.
Pody Network Limited · RC 8709365 · 14, Abayomi Street, Iwo Road, Ibadan, Nigeria