Welcome to LoanVision! These terms and conditions ("Terms") govern your use of the LoanVision website and services, which facilitate personal loans. By accessing or using our services, you agree to comply with and be bound by these Terms. Please read them carefully.

1. Acceptance of Terms

By applying for a personal loan through LoanVision or using any of our services, you confirm that you have read, understood, and agreed to these Terms. If you do not agree, please refrain from using our services.

2. Eligibility

To use LoanVision’s services, you must:

• Be at least 21 years of age.
• Be an Indian citizen or resident.
• Provide accurate and complete personal, financial, and employment information.
• Comply with applicable laws and regulations related to obtaining personal loans.

3. Loan Application Process

LoanVision acts as a facilitator to connect borrowers with lending partners. By submitting a loan application, you agree to:

• Provide accurate and up-to-date personal, financial, and employment information during the application process.
• Authorize LoanVision and its lending partners to verify your information with third-party services, credit bureaus, and financial institutions.
• Approval of loan applications is at the discretion of our lending partners. LoanVision does not guarantee loan approval or specific loan terms.

4. Loan Terms

Upon loan approval, the following terms apply:

• Loan Amount: The loan amount approved will depend on your eligibility and the lender’s discretion.
• Interest Rates: Interest rates and other charges vary based on the lender’s policies and your credit profile. You will receive detailed loan terms, including interest rates, repayment schedule, and any applicable fees from the lender.
• Repayment: Repayment terms are subject to the agreement you enter with the lender, including the tenure and repayment method (e.g., EMI). Failure to make timely payments may result in penalties or additional charges.

5. Fees and Charges

LoanVision does not charge users for loan applications or loan facilitation. However, the following fees may be applicable based on lender policies:

• Processing Fees: Lenders may charge processing fees, which will be disclosed before loan disbursement.
• Prepayment Charges: Depending on the lender, charges may apply for prepayment or foreclosure of the loan.
• Late Payment Penalties: If you fail to repay the loan on time, late payment fees may apply.

All applicable fees and charges will be communicated to you by the lender before the loan agreement is signed.

6. Use of Services

By using LoanVision’s services, you agree:

• To use the services solely for legitimate purposes related to applying for personal loans.
• Not to use the platform for fraudulent activities, including submitting false information or applying for loans with the intent not to repay.
• To comply with all applicable laws, including those related to financial products and services.

7. Data Privacy

LoanVision is committed to protecting your personal information. Please refer to our Privacy Policy for details on how we collect, use, and protect your personal and financial data. By using our services, you consent to the collection and use of your information as described in the Privacy Policy.

8. Loan Disbursement

Once your loan is approved, the loan amount will be disbursed directly to your bank account as provided during the application process. The loan disbursement timeline may vary depending on the lender’s internal processes and verification.

9. Third-Party Services

LoanVision partners with third-party lenders to provide loan services. By using LoanVision’s platform, you agree to the terms and conditions set forth by these third-party lenders. LoanVision is not responsible for any disputes or issues arising between you and the lender.

10. Limitation of Liability

LoanVision is a loan facilitation platform and does not provide loans directly. As such, LoanVision is not responsible for:

• Any disputes regarding loan approvals, interest rates, or repayment terms between you and the lender.
• Any financial loss, damage, or liabilities arising from your use of third-party lending services.
• Errors, delays, or interruptions in the loan application or disbursement process due to technical or third-party issues.

LoanVision’s liability is limited to the extent permissible by law.

11. Amendments to Terms

LoanVision reserves the right to modify or update these Terms from time to time. Any changes will be posted on this page, and it is your responsibility to review these Terms periodically. Continued use of the service after any amendments constitutes acceptance of the updated Terms.

12. Termination of Services

We reserve the right to terminate or suspend your access to LoanVision’s services if:

• You violate these Terms or engage in fraudulent or unlawful activities.
• We are required to do so by legal or regulatory authorities.

Termination of your account does not relieve you of your obligations to repay any outstanding loan amounts as per the loan agreement.

13. Governing Law

These Terms are governed by and construed in accordance with the laws of the Indian Government.

14. Contact Us

If you have any questions or concerns regarding these Terms, please contact us at [email protected].