General Terms and Conditions of the Web Site finzo.sk

The company FINZO OÜ with its registered seat at Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia, registered with the Commercial register of Tartu Court under the number 12781600 hereby issues these General Terms and Conditions of the Web Site finzo.sk in order to specify mutual rights and obligations amongst FINZO OÜ as the operator and legal or natural persons using the web site finzo.sk.

All relations between the operator and users of the portal that are not regulated by this Terms and Conditions are governed by the Slovak law, specifically: the related provisions of the Act. no. 513/1991 Coll. the Commercial Code as amended. The above mentioned is considered to be an explicit agreement between the parties on the application of the Commercial Code to the regulation of mutual relations of the parties in relation with the use of the web site.

I. Definitions

The Auction – the process of entering into a loan agreement between the users of the web site, whereby the loan agreement will be concluded between a debtor initiating an auction and a creditor or creditors making the best offer in comply with the conditions of the Auction.

The Current Account of the Web Site – the account of the operator where the users of the web site transfer funds in compliance with these Terms and Conditions and the loan agreement.

The Debtor - a citizen of the EU Member State or the Switzerland over the age of 21 with his/hers permanent residence in the territory of the EU Member State or the Switzerland, or a legal person registered with a respective commercial register in the EU Member State or the Switzerland who submitted its loan application via the Web site and who received the loan via the Web site.

The Guarantee Fund – funds deposited in a specific account of the Operator that are created and used according to the rules stipulated in these Terms and Conditions.

The Investor – a citizen of the EU Member State or the Switzerland over the age of 18 with his/hers permanent residence in the territory of the EU Member State or the Switzerland, or a legal person registered with a respective commercial register in the EU Member State or the Switzerland who transfered the funds on the account of the Operator and forwarded via the Web site a loan offer that has subsequently been provided. The Investor does not provide credits and/or loans as his/hers business activity.

The Terms and Conditions – these terms and conditions stipulating the rules of the usage of the Web site finzo.sk

The Loan Offer – accepting of a loan application sent by a user of the Web site.

The Price and Fees – fees of the service provided for users pursuant to the price list published on the Web site.

The Web site – an environment for provision of the electronic services on the web site finzo.sk that is managed by the operator through which users can lend finances from other users and thus enter into a loan agreement.

The Operator – the company FINZO OÜ with its registered seat at Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia, registered with the Commercial register Tartu Court under the number 12781600.

The Reference Number – a personal number for every registered user of the Web site through which the Operator can identify the user. Users use the Reference Number also for the purpose of payments on the account of user on the Web site.

The Loan Agreement – a loan contract concluded through the Web site between the Debtor and the Investor.

The Credit Rating – a number of points calculated via the Web site reflecting the credit history of the Debtor and serving to the Investors as supporting non-binding information about the Debtor.

The User – natural or legal person registered as the user on the Web site. It must be a citizen of the EU Member State or the Switzerland over the age of 18, with his/hers permanent residence in the territory of the EU Member State or the Switzerland, or a legal person registered with a respective commercial register in the EU Member State or the Switzerland.

The User’s Account – personal account of the User situated on the Web site that is managed by the Operator and used via the Web site in order to track the transactions made on the basis of User’s Agreement and loan Contracts, including loan generalized by the Creditor and transfer of loan to the Debtor, and where the User receives/transfer its payments.

The Amount of Loan – an amount payable to the creditors pursuant to the Loan Agreement, i.e. principal according to the Loan Agreement. The amount of loan pursuant to the Loan Agreement is the amount stated in the loan offer provided by respective Investor (given that such an offer is consistent with respective loan application).

The Loan Application – a draft of the Loan Contract submitted via the Web site.

II. General Provisions

1. The legal relations between the Users of The Web site related to the use of the Web site are governed by these Terms and conditions.

2. By the registration on the Web site the User confirms that he/she is full-aged and entitled to commit to compliance with the Terms and conditions.

3. The Operator reserves the right to amend these Terms and conditions in full or a part of it when necessary and at his discretion. The amendment of these Terms and conditions will become effective from the date of publication of the amended Terms and conditions/or the Price list on the Web site.

4. The Operator is entitled at any time to terminate the operation of the Web site or a part thereof.

5. The Operator grants to the Users the right to use the Web site in the range allowed by the Web site depending on the registration of the User.

6. The Operator reserves the right to refuse any registration of any User, to cancel a registration of any User, mainly from reasons that are following: any violation of the Terms and conditions, any misrepresentation in supplying of information or failure to comply with the obligation to update the data, in the case of the use of terms contrary to the good manners, in the case the name of the Operator is harmed on any place, in the case of a conduct contrary to the applicable legislation, good manners, habits or other justified events. In the case the User has its funds in the account of the Operator; the Operator is obliged to return these funds to the User within 30 days from the date of the termination of the registration.

7. The User is obliged to comply with these Terms and conditions when using the Web site.

8. The User is responsible for placing the accurate data provided by the registration. The User declares that all the data provided by the registration are correct, accurate and he/she is liable for a damaged occurred to the Operator and/or the other User by reason of untruthfulness, inaccuracy, and/or incompleteness of data provided by the registration.

9. The User is obliged to update its data within the User’s Account regularly, so that they are correct, complete and updated, otherwise it is liable for damage occurred to the Operator and/or the other User by this reason.

III. Principles of Functioning of the Web Site

1. The purpose of the Web site is to connect the Users who are interested in obtaining a loan with the Users who are interested in providing a loan.

2. The Web site does not provide loans from its own funds or any other sources. The Web site is a virtual electronic place where the Investors and the Debtors are met in order to obtain a preferable loan, possibly a loan according to the requirements of the Debtor. To exclude all doubts it is stated that the Operator does not enter into the Loan Agreement in his name and for his account. The Loan Agreement is always an agreement between the Investor and the Debtor. The Operator is not a contracting party to any of the Loan Agreement.

3. The Web site evaluates the offers of loans together with the loan applications, connects them and offers to individual User the options for investment and for obtaining a loan.

4. The Web site offers to the potential Debtor, i.e. the User, who is interested in obtaining funds through the Web site the most favorable and available interest rate available on the Web site for its loan. The User has also the option to specify its own terms according to which he/she wants to obtain a loan, mainly its own interest rate.

5. The Web site will offer to the potential Investor, i.e. the User, who is interested in providing the funds through the Web site to other Users who are interested in obtaining a loan pursuant to the terms defined by the Investor.

6. The Web site will arrange so called informative rating for the Debtors, i.e. rating of the Debtor, resulting from its history of repayment of previous loans. It represents information for the Investors that is not binding and the Operator warns the Investors that investment via the Web site is on their own risk. There is a risk connected to the investment via the Web site that is borne by the Investor and the Investor accepts that risk by registering on the Web site and providing the funds to the other User via the Web site.

7. The Operator is not liable for any damage that will occur in relation to the use of the Web site to any User. The Operator is not liable for any financial losses of the Investors caused by the failure of the Debtors to repay provided funds.

8. For the purpose of a partial mitigation of losses of the Investors the Operator created the Guarantee Fund that shall be used pursuant to the terms of its usage stipulated by Operator.

IV. The Registration on the Web Site

1. The Web site can be used only after the registration on the Web site as the User.

2. The registration is realized by filling of the registration form on the Web site. The registration can be done by a natural person, either as the Investor or as the Debtor. In the case of registration of a legal person the persons authorized to act on behalf of the legal person shall be registered on the Web site before the registration of the legal person takes place.

3. All the obligatory data (i.e. subjects selected in the registration form as obligatory) must be filled in the registration form, mainly: name and surname, address, date of birth, e-mail address, citizenship, birth certificate number, region and the phone number of a person making the registration.

4. The registration can be done only by a person that is over the age of 18 on the day of the registration and who is a citizen of the EU Member State or the Switzerland with the permanent residence in these countries.

5. All the data and facts that are provided by the person making its registration on the Web site must be filled in completely, correctly, accurately and up-to-date. The person who is filling the registration form is fully liable for the completeness, correctness, accuracy and timeliness of all the provided data and facts and for the disposition right with them.

6. In the case of the registration of the Debtor the payment of 1,- euro cent from his bank account via a bank transfer is required or submission of: A scanned ID and other required documents or
a scanned bank statement of his personal bank account for the period of the last 6 months.
The scan must be made in color including a complete document that is scanned (e.g. both sides of the ID). Minimal requirements for the scan are: 72dpi, 8-bit color scheme. The scan must not be of a size bigger than 10 MB.

7. The Debtor is obliged to update upon a request the scanned copies of its bank statements of his personal bank account every 6 months, whereby its loan application will be refused in the case it fails to provide such a bank statement.

8. In the case the Debtor owns more than one personal bank account it is obliged to provide the bank statement of its main bank account, i.e. bank account where its salary or other income are sent and which used for payment of majority of its expenses. In the case of spouses and their common bank account the Debtor will provide the bank statement of such a bank account.

9. By the registration every User selects its user name and the password used for the log in to the Web site. Legal persons can be logged in as the Users in the Web site through their representatives that have been registered as the Users with their own name and password. Should the person authorized to act on behalf of the legal person change or be added, the new person authorized to act on behalf of the legal person is entitled to connect the legal person on behalf of which it acts with its own personal User’s account. In the case the User’s right of representation of the legal person terminates of any reason, the new and/or the previous representative is obliged to inform the Operator on such a fact. The operator is not liable for damage occurred to the legal person due to failure to inform the Operator on the change in the person authorized to act on its behalf.

10. By the registration the User is obliged to check the e-mail address entered on the Web site by clicking on the internet link in a confirmation e-mail that will be sent to him/her. For the log in the User enters on the Web site the PIN code on that will be sent to him/her on a mobile phone via the sms message. This PIN code can be changed in the User’s profile after the User is logged in. Such a change of the PIN code is recommended by the Operator.

11. By the registration every User is provided with the mailbox on the Web site via which it can send or receive messages on the Web site.

12. Once the registration, checking of the e-mail address and entering of the PIN code is successful the User will be obtained by the User’s account on the Web site. In the User’s account the User can change its password and all the data provided by the registration. The User is obliged to update its data always at least within 5 days from the date when the change occurred.

13. The identification of the User takes place by the registration, in the case of the Debtors also regularly, in the 6-month intervals before any further loan is provided.

14. The User is aware that the use of a foreign identity is prohibited. It is also prohibited the use of a fictional identity.

15. Debtor receives by registrations a non-binding loan offer. It is a primary offer without examining the debtor's ability to repay, and this offer and its conditions can be changed or completely rejected after examination of the debtor's ability to repay by the Portal. This offer is not binding and the Debtor shall not be entitled to claim the loans according to the term in the offer.

V. Auction

1. The User who has an interest in the loan may apply for a loan with a specified maximum amount of interest rate. In this case the application will appear on the Web site as pending and the Auction will begin.

2. The Operator has the right to terminate the Auction in case if the User did not provide required documents and there has not been a proper User identification as a Debtor.

3. Individual Investors provide the offers to such Users on loan which correspond to the specified requirements and offered interest rates is less or equal to the maximum rate of interest that is specified in the requirements on loan. Loan application is accepted from the Investor by submitting the offer for loan. Sending offers for loan does not mean that this offer will be accepted. The Operator selects the best deals on loan in relation to offered interest rates and these shall be selected on a providing the loan.

4. The Investor is entitled to send an offer for loan only up to the amount of funds located in his investment virtual account. After receipt of the offer on loan the funds will be blocked on Investor`s virtual account until the granting of the loan.

5. During the Auction Users cannot alter/change or withdraw the request for a loan or offer on loan.

6. The Operator has the right to terminate the Auction in the event that the identification of the Debtor will fails and in the event of a violation of these Terms and conditions, if there was an Auction in contravention of any applicable laws, good manners or established ways of conduct, if the Auction could in any way harm good name of the Operator, as well as in other appropriate cases. The Operator has the right to reject an offer for the loan or an application for the loan for the same reasons as mentioned in the previous sentence.

7. During the Auction there is no disclosure personal data of Users only their username will be published. The release of personal data occurs after the Auction is successfully completed, i.e. for granting loan and generating the loan agreements.

8. By the time the Auction is in progress until the fulfilment of the loan application, the Investors will not offer to provide the loan in the total amount according the application of potential Debtor but not for more than 7 calendar days.

9. In case that the amount of applied loan by the User will not be filled within 7 days, the application shall be rejected and the loan is not granted, i.e. the Auction is considered to be unsuccessful. The User is authorized to enter an additional application for the loan with other or the same requirement.

10. The loan will be granted in case if there is sufficient number of offers for provision of financial funds by Investors corresponding with the requirements specified by potential Debtor.

11. In this case the Operator shall transfer the funds to Debtor`s personal account and the Debtor enters into the loan agreement with each of the individual Investors. Conditions/provisions of individual loan agreements of one Debtor with each Investor may be different, in particular in relation to interest rate.

12. After granting a loan the loan agreement will be generated with the content of basic terms and conditions of loan, provided that other conditions shall be governed by these Terms and Conditions.

13. Debtor will be provided funds in the total required amount and such amount will come from several Investors. Debtor will have a valid and separate loan agreement with each Investor.

14. The interest rate of the loan will be average of all interest rates. Each Investor can provide different amounts of the interest rate.

VI. The Rights, obligations and responsibility of the Operator

1. The Operator operates The Web site which connects the Investors and Debtors.

2. The Operator does not provide credits or loans.

3. The Operator shall keep a financial funds owned by the Investor on the Current Account of the Web site. Such financial funds are not the property of the Operator.

4. The Operator operates a virtual account of Investors and Debtors on the Web site.

5. The Operator shall implement an indicative rating of Debtors, i.e. evaluation of Debtors with the allocation of a number of points. The rating is purely for the informational purposes and is not binding. Rating is based on the Debtor's history and does not offer any guarantee that the Debtor repays the loan.

6. The Operator redistributes financial funds repaid by the Debtors among Investors.

7. The Operator shall establish the guarantee fund, which leads in the separate account at the bank. The guarantee fund shall consist of the financial funds of Debtors and shall be used to replace a part of an outstanding loan provided by the Investor.

8. The Operator at the time of the establishment of a liability relation as a possible consequence of breach of his responsibilities which he foresaw or could have foreseen a loss of the Users in the amount of EUR 0 or in other currency, taking into account the fact that at the time of conclusion of the Contract he knows or should know such possibilities. It excludes liability of the Operator for a real loss and loss of a profit in connection with the use of the Web site by the User.

9. The Operator hereby inform the Investors that investing through the Web site take place at their own risk and the investment is not protected by the deposit protection according to the Act no. 118/1996 Coll. as amended or any other legal institute.

10. The Operator is not responsible for any damages caused to Investors by the following the rating of the Debtor on the Web site. The rating is purely for informational purposes and non-binding and Investors are recommended to verify an ability of the Debtor to repay through the other sources.

11. The Operator is not liable for any damage caused by unauthorized disposal of a personal data of Users by third parties, which were given to the third party by the Operator in accordance with these Terms and Conditions.

12. The Operator shall provide a sale of the claim against Debtors, which will get into arrears with the repayment of the loan, to the business company dealing with the debts recovery. The Investor agrees with the assignment of the claim to a third party. The financial funds obtained from the sale of the claims shall be distributed by the Operator among Investors.

13. The Operator hereby grants an approval to Users to use the Web site; however, this approval is not applied to any copying, storing, changing, and publishing information on the Web site, even for private purpose.

14. The Operator is not responsible for: trueness of the data referred to Users;
breach of the Contract or illegal conduct by the User;
fulfillment the responsibilities and obligations under The Loan Agreement;
an existence of the rights to represent the User, which is a legal person;
validity and legality of the Loan Agreements concluded via Portal.

15. The transactions on the Web site performed by Users are executed on their own responsibility and they get involved in the transactions by themselves. Types of contracts designed by the Web site could be used by Users on their own responsibility and risk. The Operator is not responsible for any liabilities which may arise for the Creditor or the Debtor in accordance with the law as a result of the conclusion or implementation of a loan contract through the Web site.

VII. Rights, obligations and statements of the User

1. Every User is required to fill in truthfully and completely all of the data in the registration.

2. Every User is required to select a unique password for logging into the Web site, which will be kept confidential.

3. Each User will receive PIN code he needs to log in to portal via SMS. This PIN code is obliged to keep in confidential and not to disclose to anyone.

4. Every User is obliged to submit to identification on the Web site and this is under these conditions.

5. Every User must be acquainted with these terms and conditions and decides whether he agrees with the terms and conditions. The terms and conditions are expressed in registration.

6. The User declares that he will not use Portal for illegal transactions or operations.

7. The User undertakes to inform the Operator of any changes in the data and in the information provided to the Operator.

8. The User declares that he is responsible for all statements made through Portal and these statements will correspond to the rules morals and good conduct.

9. The Operator has the right to refuse or cancel the registration and/or limit the rights of any User in the event of any breach of the Conditions, giving false information or breach of the duty to update the data, in the case of expressions which do not conform to good manners, in the case where the name of the Operator is harmed in any place, in the case of a proceeding in violation of any applicable laws, good manners, business practices, or in other appropriate cases.

10. The User agrees that in case the User has not logged in to his account on the Web site for 6 months this shall be canceled automatically. However, an account will not be canceled in the case where the User has granted loan and the loan is not fully paid and also in case when the User provided a loan and this is still active.

11. Every User has a right to only one user account on the Web site.

12. Every User is obliged to use the Web site in accordance with the following Conditions, good manners, and business practices.

13. Every User is obliged to inform without delay the Operator in the event of any suspicion of abuse or theft or loss of identification data needed to log in to the Web site such as the PIN and/or password.

14. Users enter into contractual relations through Portal at its own risk and responsibility. The operator is not responsible for any loss, damage caused by any User in connection with the use of Portal.

15. Users are entitled to ask for cancellation of the registration on the Web site and the user account only in the case where there is no valid conclusion of the loan agreement which is not being fulfilled, i.e. the User in a given time is not a party to any loan agreement, has settled all his liabilities and debts, paid all Costs and fees to the Web site and the balance of his virtual account is 0. Such conditions shall be also applied to withdrawal of the consent to the processing of the personal data. In case the application and/or withdrawal of the consent are given without fulfilling the conditions, this application will not be considered.

16. The User is not entitled to any interest on the funds held in the virtual User account from the Operator.

VIII. Special provisions according to the Investor

1. The Investor uses the Web site at his own risk and on his own responsibility.

2. The Investor agrees to manage his own financial funds by the Operator, in witness whereof he transfers its own finances in the Current account of the Web site.

3. The Investor agrees that The Operator shall transfer in his name and on his account his financial funds to a personal account of the Debtor in the case of providing the loan to the Debtor via Portal while the Investor will participate on such provision of the loan according to a loan offer via Portal. By entering the loan offer the Investor agrees that such financial funds will be automatically provided to the Debtor after fulfilling the conditions for the loan. A further specific consent given by the Investor is not required.

4. The Investor agrees that the Debtor will repay the loan provided by the Investor to the Current account of the Web site and hereby authorizes the Operator to collect such repayment in the name and on behalf the Investor. The Operator is then required to transfer repaid loan to a personal account of the Investor.

5. The Investor agrees that the Operator shall offset any financial claims of the Investor, in particular prices and fees in accordance with the valid Price list with his claim for the recovery of financial funds. The Investor also agrees that the Operator could use his financial funds for the purposes of reimbursement of prices and fees under the applicable Price List.

6. The Investor hereby declares that he is aware of the origin of financial funds deposited on the Current account of the Web site; moreover he declares that such origin of the financial funds is verifiable and is provided from legal sources.

7. The Investor hereby declares that provision of the loans is neither the subject of his business activity nor the subject of any specific authorization under applicable legislation.

8. The Investor is entitled to take part in the Auction with an offer to provide financial funds.

9. Investor shall determine on the Web site the criteria under which the loan will be provided and authorize the Operator to automatically use the financial funds according such criteria. There is no need a specific Investor's consent to a specific use of his financial funds.

10. Investor will define for above mentioned purposes all the requirements and conditions under which will loan be provided through the Web site. In the case where a condition is not filled it is expected that it is not important condition for the Investor and is not a condition for the granting of the loan. The Investor has the option to fill up to 10 different settings for a provision of the loan. It may be set the maximum amount of loan for a single Debtor and also the interest rate.

11. The Investor will see granted loans and relevant history of loans through his user account on the Web site.

12. The Investor has the right to obtain the financial funds from the guarantee fund under the conditions of use in the case where there is no presumption of repayment of the loan granted through the Web site and the Debtor is late in repaying for more than three months.

13. For the Investor is available on the Web site a virtual account and investment account. Funding for loans must be transferred into the investment account. The Operator is entitled to dispose with such financial funds of the Investor located in investment account according to the criteria specified by the Investor. No further consent of the Investor is necessary. The Investor hereby grants all powers to the Operator for such management of his funds. Minimum amount of one loan through the Web site is 10 euro.

14. The Investor is entitled to transfer his financial funds from his virtual account solely for his own personal bank account, which is verified by an Operator after the verification identity of the Investor.

15. The Investor agrees with the assignment of his claims against the Debtor to any third person for retribution.

16. The Investor is obliged to tax revenue from loans in accordance with the legislation in force. The Operator does not ensure coagulation of these taxes from this income.

IX. Special provisions according to the Debtor

1. The Debtor hereby declares that he has a clear history of repayment, all his loans are repaid properly and he is not in arrears with any repayment by more than 10 days after the due date.

2. The Debtor declares that by the day of the conclusion of the loan agreement there has been no case of infringement and the Debtor is not aware of any circumstances that such a case might occur.

3. On the day of conclusion of the contract or for the duration of any loan relationship there have been no circumstances which could have an adverse effect to the assets of the Debtor.

4. In case if the Debtor is an entrepreneur, he claims to have all the permissions necessary for the performance of his entrepreneur activity.

5. In case if the Debtor is a legal entity, he declares that he acts on the Web site through persons which are authorized to represent and oblige the Debtor and he also declares that he has been duly constituted under the applicable law.

6. The Debtor declares that all liabilities arising from loan agreements with related relations are valid and enforceable commitments.

7. In case if the Debtor is a legal entity, he declares that he has all the permits and approvals of the competent authority or a third party that is necessary for the validity of acts relating to the conclusion of the loan agreement and a related relationships and those consents and authorizations shall be valid and effective.

8. The Debtor declares that all information and documents submitted and provided to the Web site demonstrate a complete and true picture of the Debtor’s financial situation.

9. The Debtor declares that the conclusion of the loan agreement is not in conflict to any contracts, documents, court decision, and decision of an administrative authority or arbitration.

10. The Debtor declares that he is not in bankruptcy, personal bankruptcy or restructurings and he has no knowledge that he faces such procedure and there are no reasons for bankruptcy, permission of restructuring or personal bankruptcy. The Debtor hereby also declares that no enforcement proceeding is led against him and no such proceedings are threatened.

11. The Debtor declares that he has regular income according to which he is able to repay the loan.

12. The Debtor hereby authorizes the Operator to dispose with his financial funds to its transfer to the Current Account of the Web site in a way that these funds will be visible on the virtual account on the Web site and automatically reallocated between individual Investors according to sums of repayments.

13. In the case where the financial funds will not be sufficient to cover all repayments of the loan from all Investors, these funds would be allocated proportionally between individual Investors and in such a way as to redistribution was largely identical.

14. The Debtor agrees and authorizes the Operator to manage his financial founds in such a way that all prices and charges will be paid under the applicable Price list posted on the Web site. The Operator is entitled to set off his claims against the Debtor with financial funds transferred by Debtor in the Current account of the Web site by the Operator.

15. In the case where the User registered as a Debtor on the Web site fails the evaluation of the Operator for the purpose of obtaining credibility and do not even get the smallest number of points the Debtor´s user account will be canceled and will not be eligible to enter into contractual relations with Investors through the Web site.

16. The Debtor agrees to the assignment of the claims against him to any third person.

17. The Debtor shall ensure that on his virtual account there will be always sufficient sum of financial funds to repay the loan installments according to all the enclosed loan contracts on his virtual account.

18. The Debtor declares that in case if any of his statement under the Conditions or framework contract become invalid or incomplete he shall inform the Web site.

19. The Debtor declares that he shall inform Portal of all the facts, which could have an adverse effect on its property.

X. The Conclusion of the Loan Agreement

1. The Loan Agreement is concluded between the Investor and the Debtor on the basis of automatic allocation of the offer of a loan specified by the Investor on the Web site with an application for a loan filed by the Debtor, or as a result of a specified Auction.

2. These Conditions are an integral part of the Loan Agreement, while as the approval of the conclusion of the Loan Agreement the Web site generate a PDF file, from which the principal amount of loan, the interest , maturity of the loan and the amount of the individual repayments, as well as the data of the Investor and the Debtor. Such a loan agreement is binding on both parties and these Conditions are its integral part.

3. On the basis of the concluded Loan agreement through the Web site the loan will be granted to the Debtor and the Operator will transfer financial funds from the Current account of the Web site to a personal account of the Debtor.

4. The Loan Agreement is concluded between the natural persons or between a natural person and a legal person, who is not engaged by providing loans and credits, therefore, cannot be an act of a consumer contract or a consumer loan.

5. The Loan Agreement is concluded under the provisions of Article 497 et seq. of the Act no. 513/1991 Coll. Commercial Code.

6. The Debtor is entitled to make a claim to provide loan within 10 days from the date of a conclusion of the Loan Agreement.

7. The Debtor shall repay a principal amount of the loan along with the negotiated interest under a repayment schedule referred to in the Loan Agreement.

8. The Loan shall be deemed to be granted by the day of a remittance of the Loan to a Debtor's account.

9. To calculate the number of days for the purposes of the Loan Agreements (for the purposes of calculating the interest, interest on late payments and other sanctions counting according to the number of days) it is considered that one year has 365 days.

XI. The Repayment of the Loan

1. The Debtor hereby undertakes properly and in a timely manner meet his obligations under the loan agreement, in particular, the proper and timely manner payment of agreed repayments together with its accessory to the Current account of the Web site, in agreed amounts and agreed due dates. Debtor will fulfill its commitment in time, if the full repayment is credited to the Current account of the Web site no later than on the due day. The Debtor is obliged to indicate variable symbol referred to in the loan agreement and in the final repayment schedule to each payment. The Operator shall be entitled to offset Debtor´s payments in the following order: the prices and charges of the Web site according to the valid Price list, a sanction charges, fee for early repayment, a normal interest, and the principal of the loan.

2. The Debtor shall pay the loan repayments by its transfer to the Current account of the Web site and these will be automatically deducted from the virtual account of the Debtor and added to the virtual account of the Investor, while the deduction of a prices and charges of the Web site according to the valid Price list.

3. The Debtor is entitled to return and repaid the loan even at any time before its maturity. For early repayment is required to pay the fee according to the Price list with the exception of the cases where there is an early repayment without a fee. Fee free early repayment is possible according to the loans with the repayment maturity no more than two years and once per year on a date which is the day of the provision of the loan.

4. The Investor hereby agrees that in the case of loans with maturity of up to 90 days the Debtor is entitled to re-enter new loan application under the same conditions.

5. The interest is agreed in the Loan Agreement. Interest shall be payable by the repayment schedule and whenever together with a repayment of the loan principal. Interest is calculated daily on the presumption 365 days a year.

6. In the case where the Debtor is in delay with even the part of the loan he is required to pay interest on late payments as well as deterrent penalties pursuant to the valid Price list, which shall be considered as a contractual penalties.

7. In the case of delay of the Debtor to proper and timely payment of any repayment according to the Loan Agreement by more than 15 days the Operator on behalf the Investor is empowered to declare a premature of the loan and require the Debtor to pay the loan, including an agreed interest, sanction charges and other fees according the Price list. In the case of the premature repayment of the loan the Debtor is also obliged to pay to the Investor a penalty equal to the difference between (i) the amount contractually agreed interest calculated for the entire originally negotiated duration of the Loan Agreement, and (ii) the amount of contractually agreed interest payable on the date of early maturity of the loan. The exercise of the right to declare premature maturity date and early maturity of the loan shall be announced by the Operator acting on behalf the Investor via e-mail to the e-mail address of the Debtor in his user account.

8. The Debtor is entitled to early repay of the loan at any time during the contract, using a technical options of the Web site. In the case where the Debtor has more than one loan contract within one loan application, in the event of early repayment must be paid up all loan agreements at once and together. For early repayment shall be applied a valid Price list.

9. Repayment shall mean not only repayment of principal of the loan but also agreed interest and all the prices and charges, which are related with the loan.

10. Early repayment of the loan is only possible on the basis of an application filed by the Debtor's via Portal.

11. Any repayment will be firstly used to pay prices and charges of the Web site according to the valid Price list.

12. In the case where repayment may not be sufficient to cover all loan contracts concluded in a single application for the loan, it will be allocated between the individual Investors in proportion after deduction all the prices and charges of the Web site.

13. The Investor understands that in the case where the Debtor does not repay loan properly and in a timely manner it bears the risk that the financial funds or its part will not be repaid. The Investor was notified about the risk of using the Web site; he fully agreed with it and is willing to put up with it.

XII. Assignment of claims

1. The Operator shall have the right to assign any claim more than 90 days after maturity or its part to a third person for what the Investor and the Debtor empowers the Operator and expressly agrees with such assignment.

2. The Operator will assign such claims to a third person automatically without a specific communication and approval with the Investor in advance.

3. The assignment of the claims shall be carried for retribution which will be proportionally allocated among the Investors provided the loan to the Debtor according to a single loan application, after the deduction of prices and charges of the Web site.

XIII. Portal Price List

1. Participants undertake to pay Prices and charges for services provided by the Web site according to the valid price list published on the Web site.

2. Valid Price List contains also penalty payments.

3. Price list is part of these Conditions, loan contracts and framework contracts and is binding for all users.

XIV. Forum rules and contributions to the Web site

1. In the event that the User inserts post  under Conditions must not violate or encourage any violations of generally binding legal regulations, rights and/or the law protected interests of third parties; may not instigate activities that may be dangerous or life-threatening and/or health-threatening; it must not circumvent and/or be contrary to the rules decency and good manners; it must not contain vulgar, violent, racist or other generally unacceptable content and must not unduly interfere with the rights or legitimate  interests of any third law protected parties.

2. The Operator is entitled without notice and without any compensation from the Web site to remove posts that marginally or partially do not fulfill the conditions set out in these Terms and Conditions which may damage the reputation of the Operator, his services, and/or whose publication and/or dissemination could jeopardize and/or violate Operator`s imposed legal and/or contractual obligations, his rights and/or legitimate interests. The Operator reserves the right without any compensation request the removal of such posts which marginally or partially do not fulfill the conditions set out in these Terms and Conditions, which may damage the reputation of the Operator, his services and/or whose publication and/or dissemination could jeopardize and/or violate Operator`s imposed legal and/or contractual obligations, his rights and/or legitimate interests.

3. Every User is responsible for all added Contributions/ Posts, for their compliance with the generally binding legal regulations, rights and legitimate interests of third parties and provisions of these Terms and Conditions. The Operator is not responsible for the content of such contributions/posts.

4. By completing the contribution/post the User grants an approval the Operator (license) to use such post for the reproduction of contribution, public dissemination of the text or a copy thereof by sale or any other form of transfer of the ownership, public distribution of the original contribution or a copy thereof renting or lending, processing, translation and adaptation of  text, inclusion of contribution to collected works, public exposure of contribution, public performance of contribution and its communication to the public. Approval shall be granted free of charge as a non-exclusive (non-exclusive license), without territorial, material and time restrictions. The User grants approval Operator (license) to reproduce, distribute, transmit, perform and display (publicly or otherwise), publication, modification, change, repair, translation, implementation, sale, offering for sale, sale, import or use and exploitation of such contributions, any related ideas that apply to such contributions or are incorporated in them, and any materials which are incorporated or included in contributions or derived from it, in any format or on any medium, to apply such on behalf of the Operator; the creation of works derived from such contributions; application of all rights of publicity and other proprietary rights with respect to such contributions; use of the name, photos, portrait, picture, voice, appearance and biographical data as reports or information and for the purposes of advertising, promotion or in connection with the Post/Contribution by User and use the User`s post (including its contents and any of its derivative works) for any advertising and promotional purposes. The Operator is entitled to most in the range of the given approval grant a sub-license or assign a license to a third party. The Operator is entitled to make the Post (including any of its parts and components) available to the public, in particular through the Web site, as well as through mass media (including the internet) and promotional materials. The User in relation to his contribution (including any of its parts and components) explicitly excludes collective management of rights by the organization providing collective management of rights.

5. By the posting the User also confirms that this not violate the rights or legitimate interests of any third person. In particular hereby expressly confirms that he has all the rights, consents and certificates that he grants. The User has full liability to third parties in the context of completing and submitting the contribution/post as well as in connection with granting rights, consents and certificates including claims third persons applied in conjunction with the provisions of the legislation in force governing and defining copyright, protection of personality, personal data, as well as other legislation. All necessary rights, consents and certificates related to by filling out and submitting the contribution and the granting rights, consents and certificates the user has to obtain and deal at their own cost and responsibility. In the event that it becomes apparent that the User's actions (or omissions) violated the rights of any third person, in particular copyright or moral rights, is fully responsible for such breach, and if the Operator and/or any third party in this context is at any damage and/or any other harm/loss, it undertakes to User in full to replace. If it transpires that the User's actions violated right of a third party he is fully responsible for such breach.

XV. Personal data protection

1. The User hereby consent to these Terms and conditions and also gives the Operator an approval for processing all provided and/or made available personal data to the Operator in the framework of a registration or in any other way including all documents sent to the Operator for the purpose of an identification of the User or for the other purposes.

2. The Operator will process in particular but not limited to, the following information/data about the User:
a personal data of the User, such as first name, last name, date of birth, birth number, language, marital status, data on identity documents, citizenship, country of residence, etc.;
contact details of the User, such as mailing address, address of residence, e-mail address, telephone number, etc.;
employment data and user, education, and relations, as is education, educational institution, the employer, the position, profession, etc. ;
data on economic and financial situation of the User, an income, assets, liabilities, transactions in a bank account, etc.;
data on transactions of the User and legal relations, relating to them (especially, but not only the transactions carried out through the Web site with other users); data on User’s habits, preferences and his satisfaction with the use of the services of the Web site;
data about the credibility and creditworthiness of the User, such as data on payment behavior, etc.;
details of existing and past financial debt and signed credits or loans of the User;
information obtained in accordance with the law as well as other information obtained on Users;
any data obtained from public sources; other personal data/information.

3. By the registration as the person concerned, according to the Act no. 122/2013 Coll. Personal Data Protection Act as amended (hereinafter referred to as the „Act“), me as the User hereby grants an approval in accordance with § 11 of the Act for the processing and retention of all my personal data within the scope of the personal data that I have provided for the Operator in the purpose which is necessary for the operation of the Web site and for the conclusion and maintenance of the loan agreements in the personal data information system of the Operator FINZO OÜ with the registered seat at: Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia, registered in the Commercial Register of the District Court in Tartu under no. 12781600, (through electronic communications pursuant to Act no. 351/2011 Coll., Electronic Communications Act, as amended) for a period of 10 years from the date of the approval. I hereby also confirm the accuracy, veracity and relevance of given relevant personal data. This consent may be revoked at any time by a written notice sent to the mailing address: FINZO OÜ with the registered seat at: Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia or via e-mail to the e-mail address info@finzo.sk. By the revocation of the consent also terminates the registration of the User on the Web site and User loses his right of access to the Web site, without the entitlement for any compensation. I understand that the revocation of the consent I am not empowered to undertake throughout the duration of the loan agreement concluded through the Web site. As the person concerned I also understand that in the case of assertion of my rights under the § 28 et seq. of the Act I am obliged to contact the Operator on the above mentioned contact details.

4. The Operator is entitled to process a personal data of the User for the purpose of advertising, implementation of relations, obligations and liabilities arising in connection with obtaining and/or using the Web site, its operation and ensuring its functions, for the purpose of improving the Web site and/or fulfillment hereunder provided, for its use in marketing, presentation, promotion and/or other communication of the Operator trough the Web site or his partners and their operations, products, services and/or actions, for the purpose of forwarding above concerned information, news, reports and offers (as well as through an electronic communications in accordance with the act no. 351/2011 Coll. on electronic communications, as amended), for the purposes of promoting the services of the Operator and requests for loan and/or loan offers by the other Users, for the development and maintenance IT systems and services providing by the Operator, for carrying out statistical and financial analysis, promote and protect the rights of the Operator and/or other Users as well as for the purposes of assessment and use of information on User´s behavior..

5. The User shall have the right, opportunity and obligation to update his personal information by logging in to the Web site.

6. The Operator shall be entitled to process personal the personal data of the User of Applications, until the consent to their processing will not be revoked and after its revocation shall ensure their blocking and disposal according to the Act; it does not have the impact of a possible mandatory processing or archiving the personal data on a special legal regulation. The personal data of the User of Applications could be processed through intermediaries and subcontractors of the Operator, in particular these business companies EOS KSI Slovensko, s.r.o. , with its registered seat at Pajštúnska 5, 851 02 Bratislava, Company ID: 35724803, registered in the commercial register of the District court Bratislava I, section: Sro, insert no.: 15294/B; Protourion Slovakia, s.r.o. , Company ID: 36752681, with registered seat at: Kutlíková 17, Bratislava, registered in the Commercial Register of the district court Bratislava I, section: Sro, insert no.: 45076/B; Cromwell a.s., a with registered seat at: Lamačská 22, Bratislava, ID: 31353746, registered in the Commercial Register of the District Court Bratislava I, section: Sa, insert no.: 4607/B; De vries Justitia Ltd, registered seat at: The Visegrad 2, Prague 2, ID: 243 05,511, registered in the Commercial register of Municipal Court in Prague, C 194143; Credit Check, s.r.o., ID: 28981243, registered seat at: Dukelských hrdinu 21, Prague 7, registered in the Commercial register of Municipal Court in Prague, C 157590 as well as through third parties and beneficiaries as the recipients of the personal data, which includes those which are located (have registered office or place of business, etc.) outside the territory of the Slovak republic, within the Member States of the European Union and states which are party to the Agreement on the European Economic Area, and in particular (but not only) by parent, affiliated and subsidiary companies of the Operator and other entities and contractors of the Operator. The Operator ensures that the transfer of the personal data to other Member States of the European Union or the States that are party to the Agreement on the European economic area shall take appropriate guarantees of rights and law protected interest of the persons concerned.

7. The Operator undertakes to take appropriate measures to ensure the protection of data (including the personal data) from unauthorized interference of third persons.

8. The Operator is entitled to disclose the personal data of the User through the Web site to other users in particular, but not limited to conclusion of the Loan Agreement.

9. The User grants to the Operator an approval to provide his personal data to third parties. The Operator is entitled to User´s personal data made available and/or to provide to other subjects, as well as to other third parties, and it is for access and/or provide data that is necessary to fulfill the obligations provided by applicable legislation and/or decisions of competent authorities, and/or where it is necessary for the performance of relationships, obligations and liabilities arising in connection with obtaining and/or using the Web site. Third parties, to whom the personal data will be provided, are eligible to process the personal data for the purpose to the extent and under the conditions according to the consent to the processing data pursuant to this Article. Other third parties, to whom the personal data will be provided to fulfill the obligations provided by applicable legislation and/or decisions of competent authorities, and/or where it is necessary for the performance of relationships, obligations and liabilities arising in connection with obtaining and/or using the Web site are eligible to process the personal data for the purpose to the extent and under the conditions according to the consent to the processing data pursuant to this Article. This is especially, but not exclusively on intermediary payment transactions, credit institutions, IT service providers, any entity that controls database with information needed to verify assessment of the User, contractual partner of the Operator, assignee in accordance with the contract of assignment of claims, other persons in the recovery, etc. To the same extent and under the same conditions the User gives the Operator and approval to use all the filled questionnaire, provided and/or made available information and data even if they don't have character of personal data (according to the registration to the Web site or in the use of the Web site).

10. As the part of the consent is also the consent to sending information/newsletters to the e-mail address of the User available in his account, or to his phone number, as well as by post to the address provided by the User to the Operator. The consent to sending newsletters/information, including information relating to the marketing shall be granted to the same extent and under the same conditions as the consent to process the personal data. The User of the Application has all rights provided for Article 62 and of SCC. Act no. 351/2011 Coll. on electronic communications act as amended in relation to information through electronic communications.

11. The User hereby agrees with the providing of his personal data for the purpose of its processing and verifying in the databases of EOS KSI in the context of a possible conclusion and/or duration of a loan relationship to the company EOS KSI Slovensko, s.r.o. , with its registered seat at Pajštúnska 5, 851 02 Bratislava, Company ID: 35724803, registered in the commercial register of the District court Bratislava I, section: Sro, insert no.: 15294/B. The User simultaneously gives EOS KSI consent to provide information from its databases to the company FINZO OÜ with the registered seat at: Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia, registered in the Commercial Register of the District Court in Tartu under no. 12781600, and this is in particular on the amount of User's financial obligations registered in the EOS KSI's databases, information on stage collection of the commitment (non-judicial, judicial, enforcement, bankruptcy or restructuring, in accordance with a criminal proceedings), as well as information on the amount of the User ´s payments in a given period of time.

12. Special consent with the newsletters: By the registration as the person concerned, according to the Act no. 122/2013 Coll. Personal Data Protection Act as amended (hereinafter referred to as the „Act“), me as the User hereby grants an approval in accordance with § 11 of the Act for the processing and retention of all my personal data within the scope of the personal data that I have provided for the Operator in the purpose which is necessary for the operation of the Web site and for the marketing purpose in the personal data information system of the Operator FINZO OÜ with the registered seat at: Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia, registered in the Commercial Register of the District Court in Tartu under no. 12781600, (through electronic communications pursuant to Act no. 351/2011 Coll., Electronic Communications Act, as amended) for a period of 10 years from the date of the approval. I hereby also confirm the accuracy, veracity and relevance of given relevant personal data. This consent may be revoked at any time by a written notice sent to the mailing address: FINZO OÜ with the registered seat at: Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia or via e-mail to the e-mail address info@finzo.sk. As the person concerned I also understand that in the case of assertion of my rights under the § 28 et seq. of the Act I am obliged to contact the Operator on the above mentioned contact details.

13. The Operator shall be entitled to process personal the personal data of the User of Applications, until the consent to their processing will not be revoked and after its revocation shall ensure their blocking and disposal according to the Act; it does not have the impact of a possible mandatory processing or archiving the personal data on a special legal regulation. The personal data of the User of Applications could be processed through intermediaries and subcontractors of the Operator, in particular these business companies EOS KSI Slovensko, s.r.o. , with its registered seat at Pajštúnska 5, 851 02 Bratislava, Company ID: 35724803, registered in the commercial register of the District court Bratislava I, section: Sro, insert no.: 15294/B; Protourion Slovakia, s.r.o. , Company ID: 36752681, with registered seat at: Kutlíková 17, Bratislava, registered in the Commercial Register of the district court Bratislava I, section: Sro, insert no.: 45076/B; Cromwell a.s., a with registered seat at: Lamačská 22, Bratislava, ID: 31353746, registered in the Commercial Register of the District Court Bratislava I, section: Sa, insert no.: 4607/B; De vries Justitia Ltd, registered seat at: The Visegrad 2, Prague 2, ID: 243 05,511, registered in the Commercial register of Municipal Court in Prague, C 194143; Credit Check, s.r.o., ID: 28981243, registered seat at: Dukelských hrdinu 21, Prague 7, registered in the Commercial register of Municipal Court in Prague, C 157590 as well as through third parties and beneficiaries as the recipients of the personal data, which includes those which are located (have registered office or place of business, etc.) outside the territory of the Slovak republic, within the Member States of the European Union and states which are party to the Agreement on the European Economic Area, and in particular (but not only) by parent, affiliated and subsidiary companies of the Operator and other entities and contractors of the Operator. The Operator ensures that the transfer of the personal data to other Member States of the European Union or the States that are party to the Agreement on the European economic area shall take appropriate guarantees of rights and law protected interest of the persons concerned.

14. The User grants to the Operator an approval to provide his personal data to third parties and also recipients. The Operator is entitled to User´s personal data made available and/or to provide to other subjects, as well as to other third parties, and it is for access and/or provide data that is necessary to fulfill the obligations provided by applicable legislation and/or decisions of competent authorities, and/or where it is necessary for the performance of relationships, obligations and liabilities arising in connection with obtaining and/or using the Web site. Third parties, to whom the personal data will be provided, are eligible to process the personal data for the purpose to the extent and under the conditions according to the consent to the processing data pursuant to this Article. Other third parties, to whom the personal data will be provided to fulfill the obligations provided by applicable legislation and/or decisions of competent authorities, and/or where it is necessary for the performance of relationships, obligations and liabilities arising in connection with obtaining and/or using the Web site are eligible to process the personal data for the purpose to the extent and under the conditions according to the consent to the processing data pursuant to this Article. To the same extent and under the same conditions the User gives the Operator and approval to use all the filled questionnaire, provided and/or made available information and data even if they don't have character of personal data (according to the registration to the Web site or in the use of the Web site).

15. As the part of the consent is also the consent to sending information/newsletters to the e-mail address of the User available in his account, or to his phone number, as well as by post to the address provided by the User to the Operator. The consent to sending newsletters/information, including information relating to the marketing shall be granted to the same extent and under the same conditions as the consent to process the personal data. The User of the Application has all rights provided for Article 62 and of SCC. Act no. 351/2011 Coll. on electronic communications act as amended in relation to information through electronic communications.

16. Information in relation to the processing of the personal data according to article § 15 p. 1 and 8 of the Act no. 122/2013 Coll. The personal data protection act:

Company FINZO OÜ with its registered seat at: Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia, registered in the commercial register of Tartu Court under no. 12781600 (hereinafter referred to as “FINZO OÜ”) announces the following facts and at the same time providing guidance on the rights of the person concerned with regard to the processing of personal data of the person concerned by FINZO OÜ as the operator of the information system under the Conditions. The person concerned hereby confirms that it became well-versed in the content of its rights when processing the personal data and agrees to the processing of its personal data for the purpose of operating and implementation of the Web site, reporting on news.
Identification details of the operator: Operator of the personal data information system is company FINZO OÜ with its registered seat at: Posti tn 30, Haapsalu city, Lääne county, 90504, Estonia, registered in the commercial register of Tartu Court under no. 12781600 , which acquires the personal data of the person concerned in accordance with the Act no. 122/2013 Coll. 122/2013 Coll. The personal data protection act, which details the relationship between the operator and the person concerned. Identification details of the intermediary: The intermediary is the contractual partner of the operator as following: EOS KSI Slovensko, s.r.o. , with its registered seat at Pajštúnska 5, 851 02 Bratislava, Company ID: 35724803, registered in the commercial register of the District court Bratislava I, section: Sro, insert no.: 15294/B; Protourion Slovakia, s.r.o. , Company ID: 36752681, with registered seat at: Kutlíková 17, Bratislava, registered in the Commercial Register of the district court Bratislava I, section: Sro, insert no.: 45076/B; Cromwell a.s., a with registered seat at: Lamačská 22, Bratislava, ID: 31353746, registered in the Commercial Register of the District Court Bratislava I, section: Sa, insert no.: 4607/B; De vries Justitia Ltd, registered seat at: The Visegrad 2, Prague 2, ID: 243 05,511, registered in the Commercial register of Municipal Court in Prague, C 194143, Czech republic; Credit Check, s.r.o., ID: 28981243, registered seat at: Dukelskych hrdinu 21, Prague 7, registered in the Commercial register of Municipal Court in Prague, C 157590, Czech republic which process the personal data of the person concerned in order to operate and implementation of the Web site, informing about the news and who has granted consent to the processing of the personal data through subcontractors. The purpose of processing: Company FINZO OÜ is entitled to process the personal data of the person concerned for the purpose of operating and implementation of the Web site, information on news and for the Operator´s marketing purposes. Time: 10 years or until the revocation Information on rights of the person concerned when processing personal data subject shall have the right, upon written request from the controller a) confirm whether or not personal data processed by it, b) in a generally intelligible form information on the Processing of Personal Data in Information Systems the scope of § 15 paragraph. 1 point. a) to e) second to sixth point; When granting pursuant to paragraph 5 of the person entitled to learn the process of processing and evaluating operations, c) a generally intelligible form accurate information about the source from which it got its personal data processing, d) in a generally intelligible form, a list of his personal data, which are subject to processing, e) correction or destruction of their incorrect, incomplete or not updated personal data which are subject to processing, f) destruction of his personal data the purpose of processing is finished; if the subject of official documents containing personal information may apply to their return, g) destruction of his personal data which are subject to processing in case of a breach of the Act, h) blocking its statement of grounds of appeal consent before the expiry of the period of validity, If the controller processes personal data with the consent of the person concerned. Right of the claimant may be restricted only pursuant to paragraph 1. e) and f) if such a restriction results from a special law or its application would undermine the protection of the person concerned, or would violate the rights and freedoms of others. The person concerned shall, upon written request has the right to object to the a) the processing of his personal data, which implies that they are or will be processed for direct marketing purposes without her consent and request their disposal, b) use of personal data referred to in § 10 para . 3 point. d) of the Act for the purposes of direct marketing in the postal traffic, or c) the provision of personal data referred to in § 10 para. 3 point. d) of the Act for the purpose of direct marketing. The person concerned shall, upon written request or personally, if the matter is urgent, the operator has the right at any time to object to the processing of personal data in cases pursuant to § 10 para. 3 point. a), e), f) or g) stating the legitimate reasons or by submitting evidence of infringement of his rights and legitimate interests that are or may be in a particular case such processing of personal data damaged; Unless prevented by legal reasons and demonstrates that the objection of the person concerned is authorized, the operator is obliged to personal data processing which the person objected, without undue delay, block and destroyed as soon as circumstances permit. The person concerned shall, upon written request or personally, if the matter is urgent, hereinafter the operator has the right to object at any time refuse to submit to a decision, which would have legal effects on him or significantly affects if such decision is made solely on the basis of automatic processing it personal data. The person concerned has the right to request the operator to review the issued decision by a method other than the automatic processing, the operator is obliged to satisfy the request of the person concerned, so that the decisive role in reviewing a decision will have an authorized person; on how investigation and results of the operator shall notify the person within the period pursuant to § 29 paragraph. 3. The person has that right only if so provided by a special law, which are governed by measures to ensure the legitimate interests of the person concerned or if, in the context of pre-contractual relations or during the existence of contractual relations operator issued a decision which meets the needs of the person concerned, or if the operator under contract take any other adequate measures to ensure the legitimate interests of the person concerned.

XVI.

Termination of the Registration

1. The User can terminate the registration only in the event that all the obligations and liabilities to other Users and the Operator which result from the loan agreements concluded through the Web site were met, offers and acceptance sent to users through the Web site are completed and there is zero balance on the User’s Account.

2. The User contract and registration may be terminated by user sending the notification to support team of the operator e-mail to the address info@finzo.sk.

3. If the User violates these conditions, the Operator may cancel registration on the Web site. The operator is entitled to cancel the registration in other cases specified in the Terms and Conditions.

4. The Operator may cancel the registration of the User (including prohibited or restricted user access to the Web site) without providing notification, if the User used or use automated means without written permission from the operator gathered data from the Web site/site using automated means and/or programs or if User uses framework techniques for adding data or content on the Web site or otherwise affect on the Web site.

5. The Operator shall be entitled to cancel the registration of the User in particular but not exclusively in the following cases:
when provided for by these Terms and conditions, or
the User violates these Terms and conditions in any way;
the User is in arrears in any payment or its part of the fee, the prices according to the valid Price list, repayment of loan or part of more than 15 days.

XVII.

Cookies

1. Cookie is a code the imposition of which is requested by the web pages. All Cookies have expiration date, which defines how long they will remain active in your browser. Cookies can be removed in two ways: automatically, when expire, or when it is removed manually.

2. The User agrees and acknowledges that the Web site uses Cookies and notes that deleting existing cookies or ban of future cookies will not have access to a particular area or functions/features of the Web site.

XVIII. Final provisions

1. These conditions shall enter into force and effect on the date of their publication on the Web site.

2. The Operator reserves the right to amend or modify the text of this Terms and conditions. Change of this Terms and conditions shall enter into force and effect on the date of its publication on the Web site if it is not expressly designated another (later) the date of entry into force of this Terms and conditions and its effectiveness. The Users will be adequately informed about the modification of the Terms and conditions (e.g. by the publishing of the information about the modification of this Terms and Conditions on the Web site or by any other appropriate method).

3. All legal relations arising on the basis and/or for the acquisition and/or use of the Web site shall be governed by the applicable legal acts of the Slovak Republic, in particular the law no. 513/1991 Coll. Commercial Code as amended. Any disputes arising in connection with the existence, validity, content, interpretation and/or implementation of these Conditions shall preferably be solved in satisfactory way.

4. These Terms and conditions are made in Slovak and English language, in case of doubt on the interpretation of the provisions of these Terms and conditions; it takes precedence over Slovak language version.

5. The Contracting Parties agreed in accordance with Act No. 244/2002 Coll. on arbitration as amended that excluding those proceedings for which the law expressly excludes submit any disputes between them arising or resulting from this Terms and also from all loan contracts and other contracts concluded between the Users using Portal, as well as disputes (i) the validity, duration and interpretation of legal acts and parties, (ii) for damages and unjust enrichment, (iii) the other party claims that arose during the Treaty, in particular on claims that are directly related to the Contract (iv) the relationships as well as indirectly related to the agreement or contract providing for (eg. liability), to the decision: Slovak arbitration court - Permanent Court of Arbitration, established by the Founder: Slovak Association of arbitration courts z.z.p.o, ID 37888307 (hereinafter reffered as “SRS”).

6. By the registration on the Web site the User expresses his full and unconditional agreement to these Terms and conditions and to act fully in comply with these Terms and conditions.

7. In the case of suspicion of fraudulent, speculative and/or in any unlawful conduct by the User and/or any other person acting throughout the User´s account including proceedings, which will breach these Terms and conditions, generally applicable legal regulations and/or good manners the Operator is entitled to block and cancel the registration of the relevant User where applicable. The User hereby loses the right to access the Web site, without a claim to any compensation.

8. The User shall be entitled to request the Operator to cancel his registration on the Web site after completing the implementation of contractual and/or other relationships, obligations and liabilities incurred in connection with the use of the Web site before performing such operation to seek the annulment of his registration, by the e-mail containing an application for cancellation of the registration on the Web site and/or withdrawal of consent to process the personal data of the User. The User shall be entitled to apply for cancellation of the registration on the Web site and the User account only in the case where there is no concluded and fulfilled loan agreement, i.e. the User is not a party to any loan agreement in a given time, all his liabilities and debts are settled, all prices and charges are paid and the balance of his virtual account is 0. These Terms and Conditions shall also apply to withdrawal of the consent to the processing of personal data. In the case if the application and/or withdrawal of consent given without meeting the above mentioned conditions for a request, such request shall not take into account.

9. Blocking or cancellation of the registration regardless of the method and the reason for such blocking or cancellation shall not affect the validity of certificates and obligations under these Terms and conditions incurred prior to blocking or cancellation of the registration shall continue in existence despite of this fact.

10. If any provision of these Terms and Conditions will be considered to be invalid or unenforceable, then such provision shall be null in the affected and the narrowest possible scope, while the rest of such provision, the importance and impacts as well as the other provisions of the Terms and conditions shall remain in force. In that case, the procedure will be such that the purpose of the provisions deemed unenforceable or invalid was as far as possible respected and legally binding in a form allowing its legal enforceability.

11. These terms and conditions govern the relationship between Operator and Users and between Users in lending to each other and are part of the loan agreement and other contracts concluded between Users at using the Portal.