By accessing or using the LOAN247 website, submitting an application form, contacting support, or making any payment, you agree to these Terms & Conditions.
Nature of service
LOAN247 provides digital application data collection, formatting, processing, support, and partner-submission assistance. LOAN247 is not a bank, NBFC, or direct lender. LOAN247 does not approve, sanction, underwrite, or disburse loans.
Customer eligibility and accuracy
You must be legally capable of using the service and must provide true, accurate, complete, and updated information. Incorrect, incomplete, misleading, forged, or duplicate information may lead to application rejection, service refusal, account restriction, payment review, or legal action where applicable.
Consent to process and share data
By continuing, you authorize LOAN247 to collect, store, process, verify, and share your application information with eligible partner banks, NBFCs, lending partners, verification partners, payment partners, technology providers, and support/service providers for application assistance, service delivery, payment processing, fraud prevention, and compliance purposes.
Loan decision
All loan eligibility, approval, rejection, loan amount, tenure, interest rate, processing charges, disbursal, repayment terms, and documentation requirements are decided only by the relevant partner bank/NBFC/lending partner. LOAN247 does not guarantee any loan offer or disbursal.
Fees and payments
LOAN247 may charge a service, data processing, application processing, partner-submission, platform, or convenience fee. The current website fee, where shown, is ₹59. This fee is charged for collecting, formatting, processing, and forwarding application data and providing related platform/support services. Payment of this fee does not guarantee loan approval, lender acceptance, or disbursal.
Payment gateway
Payments may be processed through third-party payment gateways or payment service providers. Payment success, failure, pending status, refunds, chargebacks, settlement, UTR, order ID, or transaction confirmation may depend on the payment provider, bank, UPI app, card network, or payment system. Customers should verify payment details before paying.
Refunds
Refunds, if any, will be handled as per the Refund Policy. Fees are generally non-refundable once application data processing, platform access, verification, partner submission, or related service has started, except for duplicate payment, technical payment failure, or cases required by applicable law.
Customer responsibility
You are responsible for reading all policies, verifying all entered details, keeping your phone/email available, not sharing OTP/passwords with anyone, and ensuring payment details are correct. You agree not to misuse the website, submit false data, attempt unauthorized access, or use the service for fraudulent activity.
Communication
You consent to receive service-related communication by phone, SMS, email, WhatsApp, website notifications, or other available channels for application, payment, support, verification, and partner-review purposes.
Limitation of liability
LOAN247 will not be liable for lender rejection, delayed partner response, payment gateway downtime, bank/UPI failure, incorrect customer data, third-party service issues, or losses arising from misuse of customer credentials or inaccurate information submitted by the customer.
Policy updates
LOAN247 may update these Terms & Conditions from time to time. Continued use of the website after updates means you accept the revised terms.
Contact
Email: support@loan247.online