Terms and Conditions of the 2024 Fresh Start campaign

  1. 1. General Information and Campaign

    1. The Campaign "2024 Fresh Start" (hereinafter the "Campaign") is organized by Bondora AS, Suomen sivuliike, Y-tunnus: 2694508-8, Urho Kekkosen katu 4-6E00100 Helsinki, Suomi (hereinafter "Bondora").
    2. 1.2. The following prize (hereinafter the "Prize") will be drawn between the participants who meet these Terms and Conditions for Participating the Campaign (hereinafter the "Participant") within the framework of the Campaign:
      1. 1.2.1. one Bondora loan per Participant will be paid off by Bondora in full or partially (depending on the balance of the loan). This will occur after seven (7) days when the winner is announced on the 15th of January (hereinafter the "Prize"). The maximum loan sum paid by Bondora is 10 000 euros:
        1. 1.2.1.1. If the balance of the loan exceeds 10 000 euros, the loan will be paid off partially in the sum of 10 000 euros.
        2. 1.2.1.2. if the balance of the loan is less than 10 000 euros, then the loan will be paid off fully in the sum of the loan balance, and Bondora will have no further obligations.
    3. 1.3. If a Participant has several Bondora loans, and should the Participant win the Prize, the Participant's Bondora loan with the largest principal balance at the time of the draw will be paid off as part of the Campaign in accordance with the specifications outlined in clauses 1.2.1.1 and 1.2.1.2.
    4. 1.4. The Campaign will run from 8.01.2024 to 14.01.2024 (hereinafter the "Campaign Period").
  2. 2. Terms and Conditions for Participating in the Campaign

    1. 2.1. The Campaign will automatically include all natural persons who:
      1. 2.1.1 have applied for a loan offer between 08.01.2024 to 14.01.2024; and
      2. 2.1.2. have an active loan agreement with Bondora; and
      3. 2.1.3. have a valid Bondora account during the Campaign Period and at the time of the Prize draw.
    2. 2.2. Employees of Bondora (including Bondora Group of companies) or their family members may not participate in the Campaign.
  3. 3. Prize Draw

    1. 3.1. Bondora will randomly draw the winner (hereinafter the Winner) from among the Participants as follows:
      1. 3.1.1. The Prize will be drawn on 15.01.2024.
    2. 3.2. Bondora will personally contact the Winner via their email address no later than seven (7) days after the Prize Draw.
    3. 3.3. One Bondora Loan of the Prize Winner will be paid off (i.e., deemed repaid) no later than seven (7) days after the Prize Draw.
    4. 3.4. If the Winner has violated the terms and conditions of the Campaign, provided false information to Bondora, or the Winner does not otherwise comply with the Bondora Terms of Use, Bondora may decide to draw a new Winner. In such cases, Bondora will not be liable for the initial Winner's Prize draw or for not receiving the Prize.
  4. 4. Processing of Personal Data

    1. 4.1. The Participant acknowledges and agrees that by participating in the Campaign the personal data of the Participant will be processed in accordance with Bondora's Privacy Policy.
  5. 5. Miscellaneous

    1. 5.1. The procedure for conducting the Campaign is established in these Terms and Conditions, which are mandatory for all Participants in the Campaign to follow.
    2. 5.2. Bondora has the right to amend the Terms and Conditions of the Campaign or to terminate the Campaign prematurely for a good reason. Bondora informs the public about the above-mentioned circumstances via the website www.bondora.ee / www.bondora.fi / www.bondora.es.
    3. 5.3. If there are questions related to the Campaign, including possible complaints, the Campaign Participant may contact Bondora by using the contact details provided in Clause 1.1 of these Terms and Conditions or via Bondora's FAQ page.
    4. 5.4. All disputes arising from the Campaign will be resolved in the district court in accordance with Finnish laws.
    5. 5.5. The campaign is not a commercial lottery. Participants in the campaign are Bondora customers, and participating in the campaign does not require purchasing additional services or taking on further obligations.

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Please review our terms and conditions on bondora.com, and consult with a financial advisor if necessary.

Political Exposure

A Politically Exposed Person (PEP) is a natural person who is or has been entrusted with prominent public functions. This includes the following positions:

  • Head of State or Head of Government
  • Minister, Deputy Minister, or Assistant Minister
  • Member of a Legislative Body
  • Member of a Governing Body of a Political Party
  • Judge of the Highest Court of a Country
  • Auditor General or Member of the Supervisory Board or Executive Board of a Central Bank
  • Ambassador, Envoy, or Chargé d’Affaires
  • High-ranking Officer in the Armed Forces
  • Member of an Administrative, Management, or Supervisory Body of a State-Owned Enterprise
  • A person considered a performer of prominent public functions by a Member State of the European Union, the European Commission, or an international organization accredited in the European Union, according to a list published by the European Commission.

Who are Relatives and Close Associates (RCA)?

Relatives

A person known to be a relative of a PEP includes:

  • Spouse/registered partner of a PEP or an equivalent partner
  • Parent of the PEP
  • Child of the PEP
  • Spouse or registered partner of the PEP’s child
Close associates

A person known to be a close associate of a PEP includes:

  • A natural person known to be a Beneficial Owner of a legal person jointly owned with the PEP or one who has a close business relationship with the PEP.
  • A natural person who is the Sole Beneficial Owner of a legal entity established by the PEP or in the interests of the PEP.
  • Natural persons who, together with the PEP, are beneficial owners of a legal entity, a collective investment, a trust, or a comparable legal structure under foreign law.
  • Natural persons who are the sole beneficial owners of a legal entity, a collective investment, a trust, or a comparable legal structure under foreign law known to have been established for the benefit of the PEP. This includes “nominees” who appear to be acting or receiving benefits on their behalf, whereas in practice, they are acting on behalf of the PEP.

Any natural person known to have close business ties with the PEP, such as the PEP’s business partners.

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*Loan amount from €100 to €10000. Repayment period from 12 to 60 months. Annual Percentage Rate (APR) from 18.79% to 30.06%.