Terms & Conditions

1Acceptance of Terms

By accessing, browsing, or submitting an inquiry on loanpatra.com ("Website" or "Platform"), you acknowledge that you have read, understood, and agreed to be legally bound by these Terms and Conditions and our Privacy Policy. If you do not agree with any part of these terms, please do not use our services.

2Borrower Eligibility Criteria

To apply for any loan facility through LoanPatra, you confirm that:

• You are a citizen or permanent resident of India.
• You are at least 18 years of age at the time of application.
• You possess a valid Permanent Account Number (PAN) and Aadhaar card issued by UIDAI.
• You have an active savings or current bank account with an Indian scheduled bank.
• The financial details, employment records, and income statements submitted by you are true, accurate, and unmanipulated.

3Zero Upfront Fee Guarantee

LoanPatra maintains an uncompromising zero advance fee policy. We never demand upfront deposits, file charges, or cash commissions from applicants before sanction. All legitimate processing fees, stamp duty, or documentation costs are charged exclusively by our partner lending institutions and are deducted directly from the sanctioned loan disbursal amount.

4Credit Information (CIBIL / Experian) Consent

By submitting your mobile number and PAN on our platform, you explicitly grant consent to LoanPatra and its partner Banks/NBFCs to access your credit score and credit report from authorized Credit Information Companies (such as TransUnion CIBIL, Experian, CRIF High Mark, and Equifax) pursuant to the Credit Information Companies (Regulation) Act, 2005. This pull is performed to evaluate creditworthiness and match you with eligible loan offers.

5Loan Sanctions and Disbursal

The final sanction of any loan, annual percentage rate (APR), tenure, collateral requirement, and disbursal timeline is solely determined by the respective Bank or NBFC under their credit policy. LoanPatra does not guarantee loan approval or specific interest rates.

6Limitation of Liability

Under no circumstances shall LoanPatra, its directors, or employees be liable for any indirect, punitive, incidental, or consequential damages resulting from loan rejection, system downtime, delay in disbursal by lenders, or disputes between the borrower and the lending institution.

7Governing Law and Jurisdiction

These terms shall be governed by and construed in accordance with the substantive laws of India. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the competent courts in New Delhi, India.