Welcome to LoanZap! By accessing or using our website and services, you agree to comply with and be bound by the following terms and conditions. Please read them carefully before using our platform. If you do not agree with these terms, you should not use LoanZap.

1. Overview

LoanZap provides a platform for users to apply for personal loans and connect with partner lenders. LoanZap does not directly provide loans but facilitates the loan application process by sharing your information with various third-party lenders. These terms govern the use of our services and your interaction with the platform.

2. Eligibility

To use LoanZap, you must:

• Be at least 21 years old.
• Be a legal resident of the country or region where LoanZap operates.
• Provide accurate and complete personal and financial information when applying for loans.

By using LoanZap, you confirm that you meet these eligibility requirements.

3. Application Process

• Submitting an Application: To apply for a loan through LoanZap, you must complete an online application form with accurate details about your personal, financial, and employment information.
• Third-Party Lenders: LoanZap shares your application details with our partner lenders who evaluate your loan request. The final loan approval and terms are determined by the lender, not LoanZap.
• Loan Terms: LoanZap does not guarantee loan approval, and the terms, including interest rates and repayment schedules, are subject to the individual lender’s criteria.

4. Use of Personal Information

LoanZap collects and shares your personal and financial information with our lending partners for the purpose of processing your loan application. You agree that LoanZap may contact you regarding your loan application, updates, or additional services. You also consent to the sharing of your data with lenders for the loan evaluation process.

For more details on how we handle your data, please refer to our Privacy Policy.

5. Fees and Charges

LoanZap does not charge any fees for using our platform or applying for a loan. However, our partner lenders may charge fees, including but not limited to, interest rates, origination fees, late fees, and penalties. You should review the terms and conditions of each lender carefully before accepting any loan offer.

LoanZap is not responsible for any charges imposed by lenders.

6. Loan Approval and Disbursement

• Approval: LoanZap does not provide loan approvals. Loan approval and terms are solely determined by the lender. Lenders may approve or reject your application based on their own criteria.
• Disbursement: If approved, the loan funds will be disbursed directly to your bank account by the lender. LoanZap is not responsible for the disbursement process or any delays that may occur.

7. Responsibilities of Users

As a user of LoanZap, you agree to:

• Provide truthful, accurate, and complete information in your loan application.
• Be responsible for repaying any loan you accept, following the terms outlined by the lender.
• Do not use LoanZap for any illegal or fraudulent purposes.
• Keep your login credentials and account information confidential.

8. Prohibited Activities

You may not use LoanZap to:

• Submit false, misleading, or incomplete information.
• Engage in fraudulent activities or attempt to deceive lenders.
• Use the website in any manner that violates any applicable laws or regulations.
• Interfere with or disrupt the functionality of the LoanZap platform.

9. Limitation of Liability

LoanZap is a platform that connects users with lenders. We are not responsible for:

• The approval or denial of loans.
• The terms, rates, or conditions of any loan provided by a lender.
• Any damages, losses, or consequences arising from the use of loans obtained through our platform.

We do not guarantee that the information provided by lenders is accurate or complete, nor do we endorse any lender’s services.

10. Termination of Services

LoanZap reserves the right to suspend or terminate your access to our platform at any time, without notice, if you violate these Terms and Conditions or if we believe it is necessary for any other reason.

11. Modifications to Terms

LoanZap may update these Terms and Conditions at any time. When we update the terms, we will post the changes on this page and update the effective date. It is your responsibility to review these terms periodically to stay informed of any changes.

12. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of India.

13. Contact Us

If you have any questions or concerns about these Terms and Conditions, please contact us at:

LoanZap

Email: [email protected]

Phone: +91 - 9876543210

Address: Plot No. 1590, Third Floor, Sector-23-23A, Palam Vihar, Gurgaon - 122017, Haryana

By using LoanZap, you acknowledge that you have read, understood, and agree to these Terms and Conditions.