Financing terms

These terms describe optional seller financing offered by Polydelic AS (“Polydelic,” the “Provider,” “we,” “us,” or “our”) for software development and related services supplied under a separate services agreement (the “Project Agreement”). Jolt is a Polydelic group brand. Financing is available only for bona fide business, commercial, organizational, or entrepreneurial purposes.

It is not offered for personal, family, or household purposes. By applying, the customer represents that the financed project is primarily for a business or commercial purpose. Financing is not available where offering it would be prohibited or would require terms the Provider has not agreed to provide.

The financing provider is Polydelic AS, organisation number 921 678 835, Tordenskiolds gate 2, 0160 Oslo, Norway. Questions or notices may be submitted through the Jolt contact form. The signed Financing Agreement will identify the parties and any additional notice details.

Financing is subject to eligibility review and the Provider’s written approval. We may request information reasonably needed to confirm the customer’s identity, authority, business purpose, and ability to pay. Applying does not guarantee approval.

No financing is created by this webpage, a price estimate, or a discussion with Jolt or Polydelic. Financing begins only when the Provider and the customer sign a transaction-specific financing agreement or financing schedule (the “Financing Agreement”). If these general terms conflict with a signed Financing Agreement, the signed Financing Agreement controls for that transaction.

The amount financed is the portion of eligible Project Agreement fees that the Provider agrees may be paid over time. Deposits, taxes, third-party charges, app-store fees, pass-through expenses, overdue balances, and other excluded amounts remain payable as stated in the Project Agreement unless the Financing Agreement expressly includes them.

The Provider will disclose the exact amount financed before the customer signs.

The fixed annual percentage rate is 8.00% APR. Interest is calculated on the outstanding principal balance using a monthly periodic rate equal to the APR divided by 12. Payments are applied first to accrued interest, then to principal, and then to any lawful unpaid fees.

The Financing Agreement will state the dollar finance charge and total of payments. Rounding may cause the final payment to differ slightly from the regular monthly payment.

The standard term is 12 months with substantially equal monthly payments. The first payment is due 30 days after the financing start date stated in the Financing Agreement, and later payments are due on the same numerical day of each following month. If a month has no corresponding day, payment is due on its final calendar day.

The Provider may agree in writing to a shorter term. The exact number, amount, and due dates of payments will appear in the Financing Agreement.

For an amount financed of $2,000.00 over 12 months at a fixed 8.00% APR, with no deposit or additional fees, the regular payment is approximately $173.98 per month, the estimated finance charge is $87.72, and the estimated total of payments is $2,087.72. The final payment may be adjusted by a few cents for rounding.

This is an illustration, not an offer to any particular customer. The signed Financing Agreement provides the controlling figures.

Payments must be made in the currency stated in the Financing Agreement through a payment method accepted by the Provider. A customer authorizing automatic payments may revoke that authorization as permitted by the authorization terms, but revocation does not cancel or postpone amounts owed. The customer must keep billing and payment information current.

The customer may pay all or part of the outstanding balance early at any time without a prepayment penalty. Unless the customer instructs otherwise and applicable law permits, an extra payment is applied to accrued interest and then principal. Early payment reduces future interest but does not automatically change an upcoming due date unless the Provider confirms a revised schedule in writing.

If a payment is overdue, the Provider may charge default interest and recover reminder, collection, or third-party payment costs only to the extent permitted by applicable law and stated in the Financing Agreement. Any applicable default-interest rate and charges will be disclosed before signing.

Ordinary interest continues to accrue on outstanding principal until paid, except where applicable law requires otherwise.

A default occurs if the customer fails to pay an amount due and does not cure that failure within 15 days after written notice; materially misrepresents information in connection with the financing; becomes subject to insolvency or bankruptcy proceedings to the extent enforceable by law; or materially breaches the Financing Agreement and fails to cure within any stated cure period.

After default, and subject to applicable notice and cure requirements, the Provider may suspend financed work, declare the lawful outstanding balance immediately due, pursue collection, or exercise other remedies in the signed agreements or available by law. The Provider will not collect interest, fees, or costs prohibited by applicable law.

Financing changes only the timing of payment. Scope, acceptance, warranties, support, cancellation, refunds, confidentiality, and ownership are governed by the Project Agreement. Unless that agreement expressly states otherwise, transfer of custom deliverables or intellectual-property rights remains conditioned on full payment of all related amounts.

Any approved credit or refund relating to financed services will be applied to the outstanding balance first. If a Project Agreement is cancelled, amounts already earned, nonrefundable costs, cancellation charges, and the remaining financed balance are handled under the signed agreements. A project dispute does not suspend undisputed payment obligations.

Financing is unsecured unless the signed Financing Agreement expressly provides otherwise. No owner, officer, employee, or other individual gives a personal guarantee merely by accepting these general terms. Any security interest or guarantee must be separately stated and signed.

The customer may not assign the Financing Agreement without the Provider’s written consent. The Provider may assign its right to receive payment or service the account by giving notice where notice is required. An assignment does not increase the APR or remove defenses the customer may assert under applicable law.

The parties may use electronic signatures, notices, invoices, and records. The customer must provide a working email address and promptly update it. A customer may request a paper copy of the signed Financing Agreement and payment schedule without charge.

The Financing Agreement is governed by the laws of Norway, without regard to conflict-of-law rules, unless the signed agreement states otherwise. The ordinary courts of Norway have jurisdiction, with Oslo District Court (Oslo tingrett) as the agreed venue, except where mandatory law requires another forum. Nothing in these terms waives a right or protection that cannot lawfully be waived, and the Provider will give any transaction-specific disclosures required by applicable law.

The Provider may change or discontinue the financing program for future transactions. Changes to this webpage do not alter an existing signed Financing Agreement unless both parties agree in writing or a change is required by law.

These terms, the signed Financing Agreement, and incorporated schedules form the agreement concerning financed payments. The Project Agreement separately governs the services. If a financing provision is unenforceable, it will be limited to the minimum extent necessary, and the remaining provisions continue in effect. A waiver on one occasion is not a continuing waiver.