General Terms
Loans Market is a loan facilitation platform that connects users with various banks and NBFCs (Non-Banking Financial Companies) offering financial products such as personal loans, home loans, business loans, vehicle loans, education loans, loan against property, and credit cards. Our role is limited to facilitating the loan application process and providing you with loan offers from our partnered financial institutions.
Eligibility Criteria
To avail of our services, you must:
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Be a resident of India.
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Be at least 18 years of age.
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Possess valid government-issued identification.
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Have a steady income source or meet the financial eligibility defined by lenders.
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Provide accurate and complete personal, financial, and employment information.
Loans Market reserves the right to deny access to our services if you do not meet these eligibility criteria or provide incorrect or misleading information.
Loan Application Process
When you submit a loan request through Loans Market:
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Your application details are shared with our partnered banks/NBFCs.
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Loan approval, amount, interest rate, tenure, and other terms are at the sole discretion of the respective financial institution.
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Submission of an application does not guarantee approval or disbursal of the loan.
You are responsible for reviewing and understanding the terms and conditions of any offer made by a lender before accepting it.
Documentation
Applicants must submit the required documents as per the lender’s guidelines. These may include:
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Identity and address proof
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Income proof (salary slips, ITRs, bank statements)
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Employment proof
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Property documents (for secured loans)
Failure to submit accurate and complete documents may result in delays or rejection of the application.
Interest Rates and Charges
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Interest rates, processing fees, foreclosure charges, late payment penalties, and other applicable fees vary depending on the loan product and lender’s policies.
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These charges will be transparently disclosed during the application process.
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Loans Market does not determine or influence these charges.
Repayment Terms
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The borrower is obligated to repay the loan in accordance with the terms agreed upon with the lender.
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EMI schedules, tenure, and payment methods will be defined in the loan agreement.
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Delays or defaults in repayment can result in penalties, legal actions, and adverse effects on your credit score.
Use of Your Information
By using our platform, you authorize Loans Market to:
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Collect, store, and process your personal and financial data.
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Share your information with partner banks/NBFCs solely for the purpose of processing your loan application.
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Contact you via phone, SMS, email, or WhatsApp regarding your application or related services.
We adhere to strict data privacy practices. Please refer to our [Privacy Policy] for full details.
No Guarantee or Endorsement
Loans Market does not:
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Guarantee loan approval or disbursal.
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Endorse any particular lender or financial product.
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Take responsibility for the decisions or actions of any third-party financial institution.
The decision to accept a loan offer lies solely with you, the user.
Modifications and Updates
Loans Market reserves the right to modify these Terms & Conditions at any time without prior notice. Users are encouraged to review them periodically. Continued use of the website or services after changes implies acceptance of the updated terms.
Third-Party Links and Content
Our platform may include links to third-party websites or promotional content. We do not control or endorse the content, products, or services of those sites. Accessing third-party services is at your own risk.
Limitation of Liability
Loans Market shall not be liable for any direct, indirect, incidental, or consequential damages arising out of your use of our services. This includes, but is not limited to, delays in loan processing, rejections, or errors in data.
Governing Law and Jurisdiction
These Terms & Conditions shall be governed by the laws of India. Any disputes arising out of or in connection with the services provided shall be subject to the exclusive jurisdiction of the courts located in Hyderabad, India.
