Terms and Conditions for Better Combo Lease to Buy Program 

These terms and conditions govern the use of the Better Combo Lease to Buy Program.  

We will use these terms interchangeably in these terms and conditions and the meaning remains the same. 

  • Better / Better by Yoma / Better Combo and We/us/our in representing Better by Yoma.  

  • Customer / you interchangeably in representing you as the customer 

  • Lease to buy program / Better Combo Lease to Buy program / Program in representing the Lease to buy program 

  • Products / device interchangeably in representing the Lease to buy program.  

1. Eligibility

1.1. Participation in the Better Combo Lease to Buy Program is open to individuals aged 18 and above, subject to creditworthiness assessment and other eligibility criteria determined by Better. 

1.2. Better by Yoma reserves the right to modify eligibility criteria at its discretion. 

2. Registration

2.1. To use the Beter Combo Lease to Buy Program services, an individual needs to register and apply for the membership on the Better Combo website.  

2.2. Better by Yoma reserves the right to reject the membership at its discretion.  

2.3. Even after a user has been approved to become a member, Better by Yoma can rescind the membership rights anytime at its discretion.  

3. Membership

3.1. Your Better membership is not a right and a privilege which we reserve to rescind at any time at our discretion.  

3.2. You may use Better membership account to lease to buy available products on Better but it does not give you a guarantee pass to the lease to buy program. 

3.3. Your Better membership account is only available to you and is not to be shared with anyone else. You must inform us as soon as possible if you suspect any unauthorized use of it.  

3.4. You are responsible for all lease to buy programs under your Better membership account.  

4. Application Process

4.1. To apply for the lease to buy program, customers must complete the online application accurately and provide all required information. 

4.2. Better by Yoma reserves the right to reject any application for any reason, including but not limited to incomplete information or insufficient creditworthiness. 

4.3. Our Merchant may reject the application in case of stock unavailability, and we will notify you and make sure that you can lease to buy any product within the same criteria. However, in case of rejection by Merchant, you will refund you of all administrative fees and deposit.  

5. Lease to buy Options

5.1. The Better Combo Lease to Buy Program offers flexible lease to buy options with different deposit and payment options. We reserve the right to change such options without prior notice. However, we shall not change or update the ongoing and active lease to buy programs.  

5.2. Customers may choose from available lease to buy plans during the application process. 

5.3. The products available on the Better Combo lease to buy programs are selected by Better by Yoma exclusively. Better by Yoma reserves the right to update and change the product offerings at any time without prior notice.  

6. Monthly Repayment Terms

6.1. Customers agree to repay the monthly repayment amount in accordance with the selected lease to buy plan. 

6.2. Late payments may result in additional fees, penalties, the loss of the functionality of the device, public announcements, and potential reporting to the authorities. 

7. Lease Rates

7.1. Lease rates will be clearly communicated to customers during the application process. 

7.2. Lease rates may vary based on factors such as creditworthiness and the chosen repayment plan. 

7.3. Lease rates are determined by Better by Yoma, and Customer cannot dispute or request to change the lease rates.  

8. Billing and Statements

8.1. Customers will receive regular billing statements outlining outstanding balances, due dates, and any applicable charges via the Better website, sms or email.  

8.2. Customers are responsible for reviewing statements for accuracy and reporting any discrepancies to Better by Yoma. 

8.3. Regardless of the receipt of the billing or statement, the Customer is required to pay the monthly repayment according to the lease to buy agreement.  

9. Late Payments

9.1. Late payments may result in late fees, increased interest rates, remotely deactivating the functionality of the lease to buy device and negative effects on the customer’s credit score. 

9.2. Better by Yoma may engage in collection efforts for overdue accounts. 

9.3. We may publicly announce your late payment in the social media network and/or public newspaper.  

9.4. We may report you to the authorities in order to repossess our device. 

10. Early Repayment

10.1. Customers may make early repayments without incurring additional charges. 

10.2. Early repayment does not entitle customers to a reduction in lease charges. 

10.3. Better does not refund administrative fees for early repayment.  

11. Right of withdrawal

11.1. You may withdraw or request the deletion of your Better account via hello@better.com.mm 

11.2. You may withdraw from your Better lease to buy program before you collect the device from our Merchant. 

11.3. Once you have collected the device, your lease to buy program is activated and you cannot withdraw for any reason. In case of device factory default, our Merchant shall provide services within the guarantee timeframe.  

11.4. We reserve the right to reject your withdrawal if you have an active lease to buy program with us and/or if your account has outstanding payments.  

11.5. In case of withdrawal after the order has been processed, your administrative fee shall not be funded but your deposit will be refunded.  

12. Product Ownership

12.1. Ownership of the lease to buy device remains with Better by Yoma until the final monthly repayment and residual amount are paid. 

12.2. Better by Yoma reserves the right to claim ownership in the event of late payment or none repayment.  

12.3. A Customer is not authorized to sub-lease the device(s) by Better without Better’s consent. In case of customer sub-leasing it, Better will take any available action to repossess the device and terminate the agreement. 

13. Termination and Default

13.1. Better by Yoma may terminate the lease to buy agreement in the event of default, including non-payment, providing false information, or any breach of the terms outlined in these terms and conditions and the lease to buy agreement with the Customer. 

13.2. Upon termination, Better by Yoma may take legal action to recover outstanding monthly repayment amounts and deactivate the functionality of the device remotely.  

13.3. If we suspect that unauthorized or fraudulent use is being made of your account under the Agreement, we will terminate and suspend your account and you are legally liable to pay all outstanding monthly repayments at once.  

13.4. We will terminate and suspend your account if there is any other objectively justifiable reason. 

14. Knox Guard

14.1. All devices under the Better lease to buy program are safe guarded with the Knox Guard security system.  

14.2. Under no circumstances, Customers are allowed to deactivate, attempt to uninstall, or bypass the Knox System. If a Customer is found to violate this clause, the lease to buy agreement is considered as void and Better will lock the device remotely and repossess it. 

14.3. By using Better services, you agree to and allow us in controlling the functionality of the device remotely and that you have given us the right to install software(s) on the device without your consent.  

14.4. By participating in and leasing from Better, a Customer agrees to Better remotely deactivating and locking the device system in case of customer violating the terms and conditions and the lease to buy agreement.  

15. Privacy and Security

15.1. Better by Yoma will handle customer information in accordance with applicable privacy laws. 

15.2. When you apply for the Better membership, you give your consent to us in sending electronic communications to the e-mail address or telephone number you have provided. You agree that we may send you the Better account information, lease to buy program information, monthly statements, notices and other communications under or in relation to the terms and conditions and the lease to buy agreement (other than communications that are required by law to be sent in paper form) via email or text message to the email address and phone number(s) provided by you.  

15.3. You must promptly inform us of any changes to your name, address, email or telephone number. You must provide any evidence of such changes that we may reasonably require.  

15.4. All communication between you and us in relation to these terms and conditions and the lease to buy agreement shall be both in English and Burmese and both languages are legally admissible in case of dispute.  

16. Use of your personal data

16.1. Better processes your personal data in order to carry out our obligations in these terms and conditions and the lease to buy agreement. We may share and verify your information with our partners, Merchants, and other financial institutions in order to provider our services to you.  

16.2. We process your personal data to identify you and perform customer analysis, credit assessments, marketing and business development.  

16.3. We may also transfer your personal data to selected partners in processing your service requests, legal authorities in case of late repayments and default and other relevant parties and authorities in providing services.  

17. Amendments to Terms

17.1. Better by Yoma reserves the right to amend these terms and conditions without advance notice to customers. 

17.2. Continued participation in the Better Combo Lease to Buy Programafter notification constitutes acceptance of the amended terms. 

18. Complaints

18.1. If for some reason you are dissatisfied with our services, please inform us via email at hello@better.com.mm and we will do our beset to resolve the matter as soon as possible.  

19. Assignment

19.1. You may not transfer or assign any rights or obligations you have under these terms and conditions and the lease to buy agreement without our prior written consent. We have the right to transfer or assign this agreement or any right or obligation under this agreement at any time without your consent, provided that such transfer does not alter your rights and obligations under these terms and conditions and lease to buy agreement to your detriment.  

20. Governing Law

20.1. This Agreement is governed by the laws of the Republic of the Union of Myanmar. 

20.2. Any disputes arising from or related to this Agreement will be resolved through arbitration in accordance with the laws of the Republic of the Union of Myanmar. 

21. General

21.1. Any provision of these terms and conditions and the lease to buy agreement which expressly or by implication is intended to come into or continue in force on or after termination of this agreement shall remain in full force and effect.  

21.2 These terms and conditions and the lease to buy agreement do not affect or exclude any term implied by law unless it expressly says so.  

21.3 If any term in these terms and conditions and the lease to buy agreement shall not be enforceable, it will not affect the enforceability of all other terms and conditions.  

By participating in the Program, customers agree to abide by these terms and conditions and the lease to buy agreement. Better by Yoma retains the right to take appropriate legal action against customers who violate the terms outlined herein and the lease to buy agreement.