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YES MICROFINANCE BANK · BANKING
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Streamline your payroll and supplier payments. Upload a file, review, and approve all in one place.
Pay your Utility Bills, Credit Card Bills, and Loan Instalments directly from your Yes Microfinance Bank Account.
YES MICROFINANCE BANK
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YES MICROFINANCE BANK
This Privacy Policy describes our policies and procedures on the collection, use and disclosure of your information when you use the Service and tells you about your privacy rights and how the law protects you.
We use your Personal Data to provide, maintain, secure and improve the Service. By using our Service, you agree to the collection and use of information in accordance with this Privacy Policy.
Certain security features of our Service may require access to your device camera and/or device biometric authentication features, such as fingerprint authentication. These features are used to help verify your identity, perform liveness checks, prevent unauthorized access and protect your account and transactions. Where consent is required by applicable law, we will request your consent before activating or using these features.
For the purposes of this Privacy Policy:
Account means a unique account created for you to access our Service or parts of our Service.
Company (referred to as either "the Company", "We", "Us" or "Our") refers to Yes Microfinance Bank, 4, Adenubi Close, off Majekodunmi Street, Allen Avenue, Ikeja.
Cookies are small files that are placed on your computer, mobile device or any other device by a website, containing the details of your browsing history on that website among its many uses.
Country refers to Nigeria.
Device means any device that can access the Service such as a computer, a cellphone or a digital tablet.
Personal Data is any information that relates to an identified or identifiable individual.
Biometric Authentication means authentication performed using biometric capabilities supported by your device, such as fingerprint or other device-supported biometric authentication methods.
Liveness Check means a security verification process designed to determine whether the individual presenting for identity verification is a live person and not a photograph, video, recording or other presentation intended to impersonate the user.
Facial/Liveness Data means information captured or generated during an authorized camera-based identity or liveness verification process. This may include images, video frames, facial verification information, liveness results and related technical information, where applicable.
Service refers to the Website and/or digital banking services provided by the Company.
Service Provider means any natural or legal person who processes data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used.
Usage Data refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
Website refers to Yes Microfinance Bank, accessible from https://www.yesmfbank.com.
You means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
While using our Service, We may ask you to provide us with certain personally identifiable information that can be used to contact or identify you. Personally identifiable information may include, but is not limited to:
Kindly note that certain information may be required in order to provide specific services, comply with regulatory requirements, protect your account or complete identity verification. If you do not provide information that is necessary for a particular service, we may not be able to provide you with the full range of services that the site or application has to offer.
With your permission, our mobile application may request access to your device camera for identity verification and liveness detection purposes.
Camera access may be used to:
Camera access will only be activated when required for an applicable feature and subject to the permissions provided through your device. You may decline camera access; however, certain services or security features that require liveness verification may not be available if you do so.
Where a liveness verification process is performed, the information generated from the verification may include images, video frames, facial verification information, liveness results and associated technical information. We will process such information only for legitimate and specified purposes, including identity verification, security, fraud prevention and regulatory compliance.
To provide additional security, our mobile application may support biometric authentication provided by your device, including fingerprint authentication where supported by the device.
Biometric authentication may be used, with your consent, to:
The application does not request or store your raw fingerprint image or fingerprint template. Where supported by your device, fingerprint authentication is performed by the device's operating system and secure biometric hardware. The application receives only the authentication result required to continue or deny the requested action.
You may enable or disable biometric authentication through the appropriate settings available within the application and/or your device. If biometric authentication is disabled or unavailable, you may be required to use another available authentication method.
Before accessing your camera or enabling applicable biometric security features, we will provide appropriate information about the purpose of the requested access and, where required, obtain your consent.
Your participation in camera-based liveness verification and optional device biometric authentication is intended to provide an additional layer of security and protection. You may refuse or withdraw consent where applicable. However, refusing or withdrawing consent may prevent you from using certain services or security features that require enhanced identity verification.
Withdrawal of consent will not affect the lawfulness of processing carried out before consent was withdrawn. Where another lawful basis for processing applies, the Company may continue to process information where permitted or required by applicable law.
Usage Data is collected automatically when using the Service. It may include information such as your device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that you visit, the time and date of your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When you access our service by or through a mobile device, we may collect certain information automatically, including, but not limited to, the type of mobile device you use, your mobile device unique ID, the IP address of your mobile device, your mobile operating system, the type of mobile Internet browser you use, unique device identifiers and other diagnostic data.
We may also collect information that your browser sends whenever you visit our service or when you access the service by or through a mobile device.
To protect our customers and services, we may collect technical and security information relating to the device used to access our Service. This may include device identifiers, operating system information, application version, authentication status, security events, IP address, network information and other diagnostic information.
This information may be used to identify unusual activity, detect potentially compromised devices, prevent unauthorized access, investigate suspected fraud and improve the security of our services.
We use Cookies and similar tracking technologies to track the activity on our service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze how our Service is used.
Cookies or Browser Cookies. A cookie is a small file placed on your device. You can instruct your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if you do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted your browser setting so that it will refuse Cookies, our Service may use Cookies.
The Site is intended for persons eighteen (18) years or older. Persons under the age of eighteen (18) should not access, use and/or browse this site. We do not knowingly collect information from children under 18.
The Company may use Personal Data for the following purposes:
We may share your personal information in the following situations:
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use your Personal Data to the extent necessary to comply with our legal obligations, resolve disputes, enforce our legal agreements and policies, prevent fraud and maintain the security of our services.
Information generated from security, identity verification and liveness processes will be retained only for as long as reasonably necessary for the stated purpose, applicable regulatory requirements, fraud prevention, dispute resolution, security investigations or other lawful purposes.
Where possible and appropriate, the Company may retain verification results or other necessary security information instead of retaining unnecessary raw biometric or camera data.
Usage Data is generally retained for a shorter period, except when this data is used to strengthen the security or improve the functionality of our Service, or when we are legally obligated to retain it for longer periods.
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located.
This means that information may be transferred to and maintained on computers located outside of your city, state, country or other governmental jurisdiction where data protection laws may differ from those in your jurisdiction.
Where required, the Company will obtain the appropriate consent or implement appropriate safeguards for such transfers and will take reasonable steps to ensure that your information is treated securely and in accordance with this Privacy Policy and applicable data protection laws.
If the Company is involved in a merger, acquisition or asset sale, your Personal Data may be transferred. We will provide notice before your Personal Data is transferred and becomes subject to a different Privacy Policy, where required by applicable law.
Under certain circumstances, the Company may be required to disclose your Personal Data if required to do so by law or in response to valid requests by public authorities, such as a court or government agency.
The Company may disclose your Personal Data in the good faith belief that such action is necessary to:
The security of your Personal Data is important to us. We implement appropriate technical and organizational measures designed to protect Personal Data against unauthorized access, alteration, disclosure, loss, misuse or destruction.
Security measures may include encryption, access controls, authentication, device security checks, fraud monitoring, liveness verification and device-supported biometric authentication.
Where device biometric authentication is used, the biometric verification itself is performed by the secure biometric facilities provided by the user's device where supported. We do not require or intend to store the user's raw fingerprint image or fingerprint template.
Notwithstanding the security measures we employ, no method of transmission over the Internet or method of electronic storage is completely secure. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security.
Yes Microfinance Bank, its directors, officers, agents, licensors, employees and suppliers cannot be held liable for any claims, actions or demands, liabilities and settlements including without limitation, reasonable legal and accounting fees, resulting from, or alleged to result from, your violation of these Agreement.
Our Service may contain links to other websites that are not operated by us. If you click on a third-party link, you will be directed to that third party's site. We strongly advise you to review the Privacy Policy of every site you visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of third-party sites or services.
You have rights under applicable data protection laws in relation to your Personal Data. These may include rights to:
You can request access to your Personal Data held by us, subject to applicable legal requirements and exemptions.
You may request correction of inaccurate or incomplete Personal Data that we hold about you.
You may request erasure of your Personal Data where there is no lawful reason for us to continue processing it, subject to applicable legal and regulatory obligations.
You may object to certain processing of your Personal Data where permitted under applicable data protection laws.
You may request restriction of processing in circumstances permitted under applicable data protection laws.
You may request transfer of your Personal Data to you or to a third party where applicable law provides such a right.
Where we rely on your consent to process your Personal Data, you may withdraw your consent at any time.
This includes consent relating to optional security features such as camera access for liveness verification and device biometric authentication, where applicable.
Withdrawal of consent will not affect the lawfulness of processing carried out before consent was withdrawn. If you withdraw consent for a security feature that is necessary for a particular service, we may be unable to provide that service or may require you to use another available verification method.
If you wish to exercise any of the rights set out above, please contact us using the information provided in the "Contact Us" section of this Privacy Policy.
We try to respond to all legitimate requests within one month. Occasionally, it may take us longer if your request is particularly complex or you have made several requests. In this case, we will notify you and keep you updated.
We may update our Privacy Policy from time to time. We will notify you of changes by posting the new Privacy Policy on this page.
Where appropriate, we will let you know via email and/or a prominent notice on Our Service prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
If you have any questions about this Privacy Policy, you can contact us via email: care@yesmfbank.com.
YES MICROFINANCE BANK
These Standard Terms and Conditions govern this Loan Agreement between Yes Microfinance Bank Limited ("Yes Bank") and the Borrower. Please read these terms and conditions carefully and keep them for future reference.
Some clause details were not present in the supplied text. Please confirm the complete loan agreement with Yes Bank before relying on it.
| Lender | Yes Microfinance Bank |
|---|---|
| Borrower | Borrower's Name |
| Facility Type | Personal loan ("the Facility") |
| Loan Amount | Up to N5,000,000 |
| Tenor | Up to 12 months |
| Purpose | For personal use |
| Interest Rate | 4.0% flat |
| Management/Risk Fee | 4.0%, 1.0% flat |
| Effective Date | Upon fulfillment of the loan conditions |
| Repayment Source | Direct debit |
No clause text was included in the supplied document.
(Subject to applicable laws and regulations) determine from time to time and also as will be varied by Yes Bank.
The beginning of this clause was not included in the supplied text.
All repayments by the Borrower will be made by one of the following methods: Direct Deposit at Yes Microfinance Bank Accounts, Cash deposit, Company Postdated Cheques and Standing Order or through an acceptable electronic channel. All other methods will be accepted with Yes Bank's consent only.
No clause text was included in the supplied document.
No clause text was included in the supplied document.
In case of late payment, penalty rate is 1% daily on the principal loan and accrued interests.
At Yes Bank's request, the Borrower will be required to provide Yes Bank with the following:
The list of requested items was not included in the supplied text.
Upon filling of Yes Microfinance Bank Ltd loan application form, the Borrower agrees that:
The remainder of this clause was not included in the supplied text.
The Borrower needs Yes Bank's express and written approval when:
Only item (e) was included in the supplied text.
The Borrower represents and warrants that:
The representations and warranties were not included in the supplied text.
The occurrence of any of the following events shall cause all outstanding amounts under this facility to become immediately due and payable:
The list of events of default was not included in the supplied text.
No clause text was included in the supplied document.
No clause text was included in the supplied document.
No clause text was included in the supplied document.
Yes Microfinance Bank Limited reserves the right at all times to vary the terms and conditions of the loan agreement. Any such variation will become effective upon notice to the Borrower by any means Yes Microfinance Bank Limited considers reasonable in the circumstances.
Yes Microfinance Bank Limited may at any time with or without notice:
The remainder of this clause was not included in the supplied text.
The Borrower agrees that Yes Bank may communicate with them by sending notices, emails, messages, alerts and statements in relation to this Agreement in the following manner:
The communication methods were not included in the supplied text.
This Agreement shall be governed by the laws of the Federal Republic of Nigeria and shall be subject to the jurisdiction of the courts of the Federal Republic of Nigeria.
No clause text was included in the supplied document.
Disclaimer: No form of cash transaction between a client and any staff member, agent or person acting on behalf of Yes Microfinance Bank Limited is allowed. Yes Microfinance Bank Limited will not take liability for such transaction or payment.
