Terms and Conditions
Access Health Medical Financing
1. Introduction
Welcome to Access Health ("we," "our," or "us"). By using our medical financing services, you agree to comply with these Terms and Conditions. Please read them carefully.
2. Definitions
User
Any individual registered for Access Health services.
Loan
A medical bill financing agreement provided by Access Health.
Interest Rate
The applicable daily interest rate as per the loan bracket.
Default
Failure to repay the loan within the agreed period.
Compliance
Adherence to CBK and data protection regulations.
3. Eligibility
Kenyan Citizen/Resident
Must be 18 years and above
Valid ID & Mobile Money
Must have a valid national ID and an active mobile money account
Verifiable Income
Must have a verifiable source of income
4. Services Provided
Medical Financing
Amounts ranging from KES 500 to KES 100,000 to cover your medical expenses.
Flexible Repayment
Plans ranging from 2 months to 1 year, tailored to your financial situation.
Payment Options
Convenient payment methods including M-Pesa and Airtel Money.
5. Loan Terms
| Fee Type | Amount | Description |
|---|---|---|
| Interest Rate | 0.2% to 0.5% per day | Varies based on loan bracket |
| Subscription Fees | KES 300 per month | Monthly platform access fee |
| Loan Processing | KES 500 per loan | One-time fee for each loan application |
| POS Payment | KES 300 | Fee for point-of-sale transactions |
| Online Payment | KES 200 | Fee for online payment processing |
6. Default and Penalties
Important Notice
A loan is considered in default if not repaid within the agreed period. This may affect your credit score and future borrowing ability.
Late Repayment
Incurs a penalty of 5% of the outstanding balance per month.
CRB Reporting
Users in default for more than 90 days may be reported to CRB and barred from accessing further loans.
Legal Action
Access Health reserves the right to take legal action for long-term defaulters.
7. Data Protection & Privacy
Data Collection and Storage
We collect and store personal data for loan processing and verification purposes only.
Security Measures
Data is encrypted and stored securely in compliance with Kenya's Data Protection Act and CBK regulations.
Third-Party Sharing
We do not share user data with third parties without explicit consent, except as required by law.
8. Risk Disclosure
Borrow Responsibly
Users are advised to borrow responsibly and ensure affordability of repayment.
Medical Use Only
Loans are strictly for medical purposes and cannot be used for any other expenses.
Credit Impact
Defaulting on a loan may impact the user's credit score and future borrowing ability.
9. Amendments to Terms
Access Health reserves the right to update these Terms and Conditions. Users will be notified of any changes via email or SMS.
10. Governing Law
These Terms and Conditions shall be governed by and construed in accordance with Kenyan law. Any disputes shall be resolved through arbitration in Nairobi, Kenya.