Terms &Conditions:

We request you to read these terms and conditions (T&C) carefully before you use the application. These terms and conditions form a legal agreement between loanit.in (referred as “loanit.in” or “LoanIt/Loanit” or “www.loanit.in” ) and YOU. By clicking on “I agree to T&C”, or download and install the application or use any of the services, you agree and accept to the terms and conditions mentioned here. Do not click “I accept to T&C, or download or install or use the application, if you do not agree to these T&C. The application “LoanIt” (available on playstore) is owned and operated by www.loanit.in.

Definitions used in this agreement:

“Application” or “App” refers to the “LoanIt” mobile application created and designed and developed by the loanit.in for providing the services. “Website” refers to www.loanit.in, managed and operated for provision of its services. “User”, “you”, “Customer” shall mean any person(s) who accesses, downloads, uses, views the Platform and the Services. “Platform” shall mean mobile and website collectively. “Lender” shall mean any financial company with approved licence to sanction and disburse the loan and tied up with LoanIt. “Loan” shall mean the amount the user requests and disbursed by the lender from the platform. “Application” shall mean LoanIt mobile application.

Platform Services:

Through the platform services, you may apply for short term loans. The fulfilment of the loan solely depends on the discretion of the lender and the eligibility criteria laid down. The lender has the right to reject the loan application with or without specifying reason. You understand that the LoanIt has been appointed by lender to collect, verify and confirm the User Data, authenticate documents and details as may be required by LENDER to sanction the Loan. Lender authorizes LoanIt to collect and store the User Data through the mobile application form available on the Platform. You understand that to avail the services, user has to share and upload user data as requested in the mobile application. User has to log in to the mobile application via third party apps and consent to share data. User Data shall include personal information including but not limited to your name, e-mail address, gender, date of birth, mobile number, passwords, photograph, mobile phone information including contact numbers, SMS, call logs and browsing history, data and login-in credentials of Third Party Platforms, financial information such as bank documents, salary slips, bank statements, PAN card, bank account no., data from Credit Information Companies, data required for Know Your Customer compliances, requirement and other relevant details ("Personal Information"). You agree that the Personal Information shall always be accurate, correct and complete. As part of the Services, you authorize us to import your details and Personal Information dispersed over Third Party Platforms. You understand and acknowledge that we may periodically request for updates on such Personal Information and we may receive such updated information from Third Party Platforms. Upon completion of user verification and document verification by LoanIt, the lender may sanction your loan if the criteria laid down for loan is met by the user.

The sanctioned Loan shall be disbursed as per the mode provided in the Mobile Application Form. You are required to repay the Outstanding Amount(s) to lender, on the respective due date(s) mentioned in the Mobile Application Form. You understand and acknowledge that LoanIt reserves the right to track your location during the provision of Services, and also in the event that you stop, cease, discontinue to use or avail the Services, through deletion or uninstallation of Mobile App or otherwise, till the event that your obligations to pay the Outstanding Amount(s) to lender exist. Deletion, uninstallation, discontinuation of our Services, shall not release you from the responsibility, obligation and liability to repay the Outstanding Amount(s).

You understand and acknowledge that, you are solely responsible for the capability of the electronic devices and the internet connection, you chose to run the Platform. The Platform’s operation or the Services on your electronic device is subject to availability of hardware, software specifications, internet connection and other features and specifications, required from time to time.

When you accept to the T&C, you agree to the conditions for the loan - Before you apply for the loan you agree that you are fully aware of the rates and charges incurred for the loan. You understand that you have to repay the amount without fail on or before the repayment date. In-case of default or delayed payment of the loan, you will be incurred penalties which will be added to your principle amount. In the event of unresponsiveness and delay in the payment of the loan, you agree that LoanIt shall use your personal data to recover the loan amount. This may include reaching out to your references provided by you, visiting your address and pursue legal case against you. LoanIt holds the right to terminate your membership at any point of time.

Usage & restrictions of the application:

You may install, download, access or use the App through the Online Stores on/from mobile phones, tablets or any other electronic devices. You acknowledge that while LoanIt may, at its sole discretion, provide maintenance and support for the App from time to time, LoanIt shall have no specific obligation whatsoever to furnish such services to you. We may launch new updates/upgrades for the App., you may subscribe to the same through the Online Stores. In the event, you choose not to update/upgrade the App, certain features or functionality shall not be accessible to you.

The Platform may contain links to other websites owned and operated by third parties who are not related to the Platform ("Linked Websites"). The Linked Websites are not under the control of loanit.in and loanit.in shall not be responsible for the content of any Linked Websites or any hyperlink contained in a Linked Website and makes no representation or warranty with respect to the content of any such third party sites.

The Platform provides these links to you as a convenience only and the inclusion of any link does not imply any endorsement of the Linked Website by LoanIt. Your access or use of such Linked Website is entirely at your own risk. LoanIt shall not be a party to any transaction between you and the Linked Website. Your use of a Linked Website is subject to these terms and conditions of that respective Linked Website

By accepting the T&C, you agree not to – • Misuse the application for unlawful activities, money laundering or embezzlement or any financial fraud. • Reproduce a part of the application or complete application • interfere with or disrupt the Platform or servers or networks connected to the Platform, or disobey any requirements, procedures, policies or regulations of networks connected to the Platform • Violate any applicable state, national or international law either intentionally or unintentionally

Brand logo & titles & rights:

You understand and agree that that loanit.in is the sole owner of the logo, titles and any intellectual property it owns. You understand that the Platform is owned by loanit.in. Nothing under these Terms shall be deemed to be a transfer in ownership, rights, title, from LoanIt to you or any third party, in the Platform. You are entitled to avail the Services offered by LoanIt during the validity of your registration with LoanIt.

Updates & Changes:

LoanIt reserves the right to modify, change, substitute, remove, suspend or update these Terms or any information thereof at any time by posting the updated Terms on the Platform. Such changes shall be effective immediately upon such posting. Continued use of the Services or the Platform, subsequent to making the changes, shall be deemed to be your acceptance of the revised Terms.

Indemnity & limitations of liability:

When you accept to the T&C, You agree to indemnify and hold LoanIt, and its subsidiaries, affiliates, officers, agents, co-branders or other partners, and employees, harmless from any claim or demand, including attorneys’ fees, made by any third party due to or arising out of (i) your violation of these Terms; (ii) your violation of any rights of other users of the Platform; (iii) your use or misuse of the Platform or the Services; (iv) your violation of applicable laws. You expressly understand and agree that LoanIt, including its directors, officers, employees, representatives or the service provider, shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if LoanIt has been advised of the possibility of such damages), resulting from; (a) use or the inability to avail the Services (b) inability to use the Platform (c) failure or delay in providing the Services or access to the Platform (d) any performance or non-performance (e) any damages to or viruses that may infect your electronic devices or other property as the result of your access to the Platform or your downloading of any content from the Platform and (f) server failure or otherwise or in any way relating to the Services

Privacy policy:

You agree to our privacy policy which is available on the application and website.

Force majeure:

Without limiting the foregoing, under no circumstances shall LoanIt be held liable for any damage, loss, loss of services of Platform, due to deficiency in provision of the Services resulting directly or indirectly from acts of nature, forces, or causes beyond its reasonable control, including, without limitation, internet failures, computer equipment failures, telecommunication equipment failures, change in applicable regulations, including Reserve Bank of India regulations, or any other government regulations, floods, storms, electrical failure, civil disturbances, riots

Law and jurisdiction:

This Agreement shall be construed and governed by the laws of India without regard to principles of conflict of laws. Parties further agree that the courts in Hyderabad, Telangana, India shall have an exclusive jurisdiction over such disputes





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