Terms & Condition

  • The Customer's loan process will take more days due to any festival.
  • The Company is using Blogs for their advertising, so that content could be of the third party, so the company doesn't take guarantee of the information to be correct or incorrect.
  • If customers, employees, channel partners, any other person, or any other party has a problem with the company then they have to inform that problem to our company through notice; so, we can try to give you a solution of that but after that, any of them want to take a legal action then they have to inform the company through notice. Only then, the legal process will be started.
  • If customers, employees, channel partners, any other person, any other third party has a problem/dispute/misunderstanding with the company, the right to take the final decision over the concerned issue is reserved with the company and the concerned person will have to accept the solution provided by the company.
  • The documents, cheques, and OTP that the company's employee asks the customer is for the processing of the loan, the company is not responsible if any problems/disputes arise in the future.
  • During any process on the website, if there is any kind of mistake that happens due to the software or website technical problems, the final decision on such disputes can only be taken by the company and it has to be accepted by anyone concerned.
  • The Company's authorized person can change any rules and regulations at any time; the concerned person must be regularly updated with the company’s terms and conditions and has to accept them unconditionally.
  • All the commitments made by the company’s employees (any employee/person from the company), telecallers, or salespersons, etc. should be cross-checked by any concerned person (customer/channel partner) from the Terms & Conditions section of CredLoan.in before availing any of the company’s services. Only the rules and regulations stated on the company website will be considered official.
  • All the detailed criteria, terms, and information behind any of the company’s concise promotional content (social media ads, banners, SMS, advertisements, emails, etc.) are stated in the Terms & Conditions and Privacy Policy sections of the website. Any concerned person (customer, channel partner, employee, etc.) must check and accept all the rules and regulations before availing any of the company’s services. If any person has confusion, they can call on the company’s customer care number to gain clarity before availing company’s services.
  • If there is any dispute that arises between any concerned user (channel partner, customer, customer referral, etc.) and the company, their account will be disabled immediately by the company. In such a case, the user would be needed to contact the company for any query.
  • All of the promotional content put and shared by the company, either on its website or any platform, is only for advertisement purposes. Any person should not assume it as the final loan approval or details of the loan. The final loan approval and specifics of the loan depend on the rules and regulations of various banks (or the concerned bank) and the customer profile. Every customer, channel partner, or any other user must accept this clause and consider the bank’s loan processing time only.
  • The loan-related figures, rates, and information used in the promotional content of the company are general and for promotional purposes. The final nature and specifics of the loan in terms of the loan amount, interest rate, repayment tenure, loan processing fees, loan insurance, etc., depends solely on the customer profile and the rules and regulations stated by the concerned bank. The final loan details depend on the criteria set by the concerned bank(s).
  • CredLoan's company name, logo, content, business concept, software and system, pattern, website structure and design, and business process and offers are copyrighted with the company. If any individual or organization uses/copy any of the above-mentioned by even 1%, legal action may be taken against them.
  • If any person (customer, channel partner, employee, etc.) is involved in any of the company's processes then the company is authorized to record the phone calls with that person.
  • If any customer applies for a loan in our company and if any other external person/organization commits fraud with that customer in terms of taking money from you or in any other way then, it will not be the company’s responsibility for any kind of loss faced by the customer.
  • Whatever loan offer is given to the customer is according to the customer profile. The customer will have to compulsorily accept the loan offer – he/she cannot deny the loan offer.
  • The company has full authority to use the customer’s information for purposes such as testimonials, advertisements, marketing, SMS, etc. The customer agrees that regulations of Do Not Disturb(DND)/National Do Not Call(NDNC) won’t be applied in such practices.
  • If any person (user, customer, channel partner, etc.) visits our website and indulges in any activity – like clicking a button, link, filling forms, or any other activity on the website, it will clearly mean and express that the person agrees to and acknowledges all terms & conditions, rules & regulations, and policies of the company.
  • After the loan approval, the bank charges will be applied as per the bank’s rules and regulations.
  • No customer can contact the bank’s employees to inquire about/get any information on the loan file processes.
  • The customer, whose loan has been approved, must read and understand the bank agreement and the bank’s terms and conditions carefully. After the loan process is done, the company can’t be held responsible or liable for anything.
  • The company will take legal action against the customer, channel partner, reference customer, or any other person who submitted fake documents. And the company won’t take any responsibility for the loan process in this case.
  • Multiple partnered banks' logos are shown on our website and our promotional content across many mediums – these are shown only for our company's marketing purpose. It might be possible that certain banks, whose logos are shown on our website/promotional content, are not partnered with our company. Also, these should not be assumed as any bank's advertisement.
  • Any wrong/fake commitment or vocal statement given by the company’s employees, channel partners, etc. would be considered invalid. Only the solutions or solution-related vocal statements would be considered valid. All the company’s Terms & Conditions, Privacy Policy, Disclaimer, all other rules will be final and have to be followed.
  • If any person has a doubt/question regarding any of the company’s terms and conditions, they can contact the company.
  • The office holidays and bank holidays will not be counted as working days/business days. The company’s office work will be done on working days only.
  • Loan processing time might get delayed because of any public holiday, technical problems, customer issues, etc.
  • The Company will not be providing any proof for rejection in hard or soft copy.
  • It might be possible that the content/figures/information shown on our website are not updated. So, to get the exact information regarding any of our website’s content, Terms & Conditions, Privacy Policy, Disclaimer, etc., you can mail us.
  • The content and any process on the website can be changed or modified at any instance. So, the older version of the content and process won’t be functional, valid, or a subject of argument for any person – and the customers, channel partners, users, etc. have to stay timely updated and accept all the changes unconditionally. Only the current content and process of the website will be considered valid.
  • By accessing our website, you affirm your age as 18 years or more. If you’re someone below 18 years, we advise you not to access our website or the services.
  • Any processes regarding the loan or channel partner code might get delayed due to public holidays, technical problems/software issues, etc.
  • Due to a software/system issue, it might happen that the dates mentioned in the Loan Status are late by 3-4 days.
  • The general criteria to apply for a personal loan by a salaried individual are – Min. Age: 21 years; Min. Salary: Rs.15,000/month (credited in the bank account); Salary Slips available; and Job Stability proof available. Final loan approval completely depends on the customer profile and the bank’s rules and criteria.
  • The general criteria to apply for a personal loan by a self-employed individual are – Min. Age: 21 years; IT Returns available (min. 1 year); Business Stability proof available; and Current Account in a bank. Final loan approval completely depends on the customer profile and the bank’s rules and criteria.
  • The general criteria to apply for a business loan by a small business person are – Min. Age: 21 years; IT Returns available (min. 1 year); and Business Stability proof available (min. 1 year). Final loan approval completely depends on the customer profile and the bank’s rules and criteria.
  • The general criteria to apply for a business loan by an audited report business person are – Min. Age: 21 years; Min. Rs.1 Crore+ Yearly Turnover; and Min. 2 Years Audited Report. Final loan approval completely depends on the customer profile and the bank’s rules and criteria. Any information/flow/system regarding our website shown in the videos posted on social media (or any platform) may be inaccurate, outdated, or different from our actual website. Only the most updated version of the website, terms & conditions, and other policies shall be valid.

    • PRE-APPROVAL LOAN OFFER TERMS AND CONDITIONS:

    The Pre-Approved Loan Offer and the amount mentioned in it are solely shown based on the software calculation done on Monthly Income and Current Monthly EMI entered by the person. This ‘Pre-Approved Loan Offer’ is tentative and not the final loan approval (this is already mentioned on the Pre-Approved loan Offer page) – as the final loan approval is given by the bank only; based on the bank’s rules and regulations and the customer profile. And this is clearly stated in the company’s Terms & Conditions which is agreed by the person before registration.

    Here’s an example to know how the ‘Pre-Approved Loan Offer’ is shown:

    Consider that a person (named ‘Raj’) enters the following details in our website:

    Monthly Income: Rs.1,00,000

    Current Monthly EMI: Rs.30,000

    Based on these details, Raj is left with Rs.70,000 in hand (deducting current EMI) every month. So, according to the general rules of the banks, the EMI of 50% of the in-hand amount can be approved. So, the loan amount that allows a maximum of Rs.35,000 (70,000/2) EMI can be approved. And based on the EMI and rate of interest (12.5% tentatively), the eligible amount is shown in the Pre-Approved Loan Offer. And based on this Rs.1982/lakh EMI is shown.

    USAGE OF COOKIES / COOKIES POLICY

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    The user, customer, channel partner, or any other person accessing our website clearly expresses and agrees that they have fully read and understood the Terms & Conditions and Privacy Policy of CredLoan.in – and they accept them unconditionally.

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