Terms and Conditions

Designed For Your Success

Welcome to Edu Pay Later. These Terms and Conditions (“Terms”) govern your access to and use of our services, including our website, platform, funding plans, and any related products (collectively, the “Services”).

By applying for, accepting, or using any part of Edu Pay Later, you agree to be bound by these Terms. If you do not agree, please do not use our Services.

1. Our Mission

Edu Pay Later provides interest-free funding to support learners in gaining practical skills to land a job or launch a business. Learners are only funded if they commit to implementing the income challenge. We believe in potential over credit history. That means:

  • No interest.
  • No guarantor.
  • No credit score check.
  • Flexible repayment options.
  • Support and accountability through our Income Challenge.

2. Eligibility

To use Edu Pay Later, you must:

  • Be at least 18 years old.
  • Be enrolled in or accepted into a qualifying course, bootcamp, or program.
  • Reside in a supported country or region.
  • Commit to using the funding for educational or career-building purposes.
  • We may verify your identity, enrollment, and other relevant details before approving funding.

3. Funding Agreement

Upon approval, you will receive a Funding Agreement outlining:

  • The amount funded.
  • The repayment start date.
  • Repayment schedule and terms.
  • Your obligations during and after the program.

Each agreement may be unique to your situation. You are responsible for reviewing and understanding your individual terms.

4. Income Challenge Accountability

We offer our Income Challenge to keep you focused and progressing toward your goals of landing a job or starting a business. This may include:

  • Regular check-ins or milestone tracking.
  • Career mentorship or job search support.
  • Progress reports or feedback sessions.

Participation in the Income Challenge is compulsory. 

5. Repayment Terms

Repayment starts only at the end of the income challenge and once you begin earning income—either from a job or a business you’ve started. If you complete all the tasks in the income challenge but haven’t secured a job, repayments are paused until you start earning. However, if you don’t complete the tasks before the challenge ends, repayment begins immediately after it ends, regardless of your employment status.

Details are clearly outlined in your individual Funding Agreement.

6. Default & Delinquency

Failure to meet your repayment obligations without prior communication may lead to:

  • Late payment notices.
  • Temporary suspension of support services.
  • Reporting to relevant authorities or legal proceedings (as a last resort).
  • Reporting to Credit Rating Agencies.

We encourage open communication. If you face difficulties, contact us early—we’re here to help.

7. Acceptable Use

By using our platform, you agree:

  1. Not to provide false or misleading information.
  2. Not to use funds for personal, non-educational expenses.
  3. Not to misuse or interfere with the platform or its services.

To respect all community guidelines and engagement policies.

8. Intellectual Property

All content on the Edu Pay Later platform—including text, branding, logos, and design—is owned by or licensed to us and is protected by copyright and intellectual property laws. You may not use or reproduce any part without prior written permission.

9. Privacy & Data

We handle your data with care and in accordance with our Privacy Policy. Key points:

  • We do not sell your data.
  • We collect only what is necessary to provide and improve our services.
  • You can access, modify, or delete your data at any time (subject to legal obligations).

10. Changes to Terms

We may update these Terms to reflect changes in our policies, services, or legal requirements. You’ll be notified of significant updates, and continued use of our services after changes constitutes acceptance of the new Terms.

11. Termination

We reserve the right to suspend or terminate your access if:

  1. You violate these Terms or your Funding Agreement.
  2. You use our services for unauthorized or harmful purposes.

Upon termination, your obligations under any active Funding Agreement remain in effect.

12. Disclaimer of Warranties

Edu Pay Later is provided “as is.” While we aim for accuracy and reliability, we make no guarantees of success, job placement, or business outcomes. Results may vary depending on individual effort and circumstances.

13. Limitation of Liability

To the maximum extent permitted by law, Edu Pay Later is not liable for:

  • Indirect or consequential losses.
  • Loss of income, opportunity, or personal data due to misuse or external breaches.
  • Any delay or failure due to events beyond our control.

14. Governing Law

These Terms shall be governed by and construed in accordance with the laws of Federal Republic of Nigeria. Any disputes will be resolved by ADR such arbitration or mediation. If ADR fails then Legal Actions can be taken. 

15. Contact Us

Have questions? Reach out to us at:  [email protected].