Brolly’s Lending Platform – Coming Soon
These Terms and Conditions apply to all users of Brolly’s platform, including lenders, borrowers, and visitors to our website and mobile app. By using Brolly, you agree to these terms.
1. Introduction
Stash Me Ltd, trading as Brolly (ABN: 34 676 699 531), operates a peer-to-peer lending platform connecting lenders and borrowers in Australia. Brolly provides a secure, transparent, and automated lending experience, enabling lenders to earn returns and borrowers to access quick, fair credit.
By accessing or using the Brolly App or Website, you acknowledge that you have read, understood, and agree to these Terms and Conditions. If you do not agree, you must exit the platform immediately.
2. Eligibility
To participate as a lender or borrower, you must:
- Be at least 18 years old.
- Be an Australian permanent resident.
- Have a valid Australian bank account.
- Have a regular income.
- Not lend or borrow on behalf of a corporate entity or third party.
Brolly reserves the right to refuse, suspend, or terminate accounts if eligibility requirements are not met or if any suspicious activity is detected.
3. Lender Terms and Conditions
3.1 Becoming a Lender
- Lenders can invest up to $10,000 in their Brolly Wallet.
- Institutional and sophisticated investors may invest higher amounts by contacting Brolly directly.
- Lender funds are allocated across multiple approved borrowers to diversify risk.
3.2 Returns & Earnings
- Lenders may earn up to 20% annualized returns, paid monthly on utilized funds, calculated in 30-day cycles.
- Interest earnings are automatically credited to the lender’s Brolly Wallet.
3.3 Reinvestment & Withdrawals
- Automatic Reinvestment – If funds remain in your Brolly Wallet at the end of a cycle, they are automatically redeployed into new loans.
- Withdrawals – Lenders can withdraw funds at any time. However, a $2 transaction fee may apply for frequent withdrawals.
- Active Loan Contracts – Withdrawing funds during an active loan cycle may result in forfeiture of that cycle’s earnings.
3.4 Risk & Loan Protection
- Brolly uses advanced credit risk assessments to minimize default risks.
- If a borrower defaults, Brolly will cover the lender’s principal and expected returns via the Brolly Assurance Account.
4. Borrower Terms and Conditions
4.1 Loan Eligibility & Limits
- Borrowers can apply for loans of $100, $200, $400, $800, or $1,600 for a fixed 30-day term.
- Premium Borrowers may access up to $2,000 based on repayment history and ranking.
- Only one active loan is allowed per borrower at a time.
4.2 Fees and Repayment
- No interest is charged—borrowers pay a 5% service fee and a $0 transaction fee.
- Borrowers can re-use their loan balance within 30 days without additional service fees.
4.3 Loan Approval & Disbursement
- Loans are subject to approval based on Brolly’s credit assessment model.
- Approved funds are instantly disbursed to the borrower’s Brolly Wallet.
4.4 Default & Collections
- Missed payments reduce borrower rankings and impact future borrowing capacity.
- Loans that remain unpaid beyond 90 days may be referred to debt recovery agencies.
4.5 Brolly Wallet & Security
- Borrowers must link a valid Australian bank account for transactions.
- Brolly utilizes industry-standard encryption to protect personal and financial data.
5. Account Termination & Closure
- Voluntary Closure: Users may close their Brolly account at any time, provided all loans are repaid in full.
- Brolly-Initiated Termination: Brolly reserves the right to suspend or terminate accounts due to fraud, misuse, non-compliance, or policy violations.
6. Dispute Resolution
If you experience an issue, please contact our support team via email at support@brolly.app.
7. Amendments to Terms
Brolly reserves the right to update these Terms and Conditions at any time. Changes will be effective immediately upon posting on the website and app. Continued use of the platform constitutes acceptance of the updated terms.
8. Contact Information
