Terms & Conditions
1. Introduction
Terms & Conditions (T&C) of L2O made available by L2O B.S.C (Closed) , Office 11, Building 2605, Road 3647, Block 436, P.O. Box 2924, Al Seef, Kingdom of Bahrain (referred to as ‘L2O’, ‘we’, ‘us’, ‘our’). By using L2O services, you accept all T&C. L2O may amend T&C with notice via website, SMS, WhatsApp or email. Services provided by L2O include Financing Services and crediting funds to your designated bank account.
2. Eligibility
You confirm you are 18+ and not legally prohibited from receiving services in Bahrain. You agree to notify L2O of changes via WhatsApp/email. Registration requires completing information via website or WhatsApp. You must provide information required by law, CBB, or L2O for services and identity verification. L2O may perform credit checks via third party. L2O may reject, suspend or terminate registration for non-compliance.
3. Compliance
Services must not be used illegally, fraudulently, or unethically. You declare information is true and you act personally. L2O may deny access or reject transactions if there is a legal action against you for financial crimes, court order or law requires, illegal/fraudulent activity, fraudulent or non-consensual use, arrears, breach of T&C, suspected breach of law, no use for 6+ months, regulatory compliance. Reinstatement may require re-onboarding.
4. Limits
L2O may refuse transactions based on creditworthiness and income, impose limits on amounts or transaction numbers, and introduce new limits for security or AML/CFT compliance.
5. Fees
You agree to pay fees (interest, arrangement, late payment, early settlement) as disclosed. L2O may amend fees with prior notice via website, WhatsApp, SMS or email. You are responsible for keeping updated.
6. Payments
You authorize L2O to receive payments via direct debit, Fawri, IBAN transfer, or other notified methods. L2O may reject payments for incorrect information and is not liable for failure due to insufficient funds, system malfunction, incorrect information, or force majeure. Payment outcome notifications sent via WhatsApp/email.
7. Financing & Other Transactions
By accepting, you agree that L2O may access your Benefit credit report; may exchange data with third parties; you enter a Financing Agreement (principal, interest rate, total payable, instalments, due dates); you authorize direct debit for overdue amounts; you comply with all laws; L2O may share data with collection agencies/lawyers, conduct site visits, and contact your employer only after 15 days’ prior written notice (CBB requirement); you must notify L2O of job changes (employer, salary); and you must notify L2O of contact/address changes.
8. Early Settlement Right
You may settle early in full or part at any time.
9. Term & Termination
Agreement binds upon acceptance via website/WhatsApp/email. You may terminate after settling all amounts. L2O may terminate/suspend for: legal action against you, court order, illegal/fraudulent use, fraud/without consent, arrears, breach of T&C, suspected law breach, regulatory compliance, or convenience.
10. Warranties
You warrant information is true and complete, you act for yourself, comply with laws, and will not use services fraudulently. Services provided “as is”.
11. Liability
L2O not liable for force majeure. L2O does not exclude liability for death/personal injury from its negligence or fraud. L2O not liable for loss of profits or indirect loss. Maximum liability = total fees paid by you for that service.
12. Miscellaneous
L2O may amend T&C with notice via WhatsApp/SMS/email. Bahrain law applies. Bahrain courts have exclusive jurisdiction.