Terms & Conditions
Last updated on January 2025
1. Nature of Services
My Loan Credit is a loan facilitation platform. We help customers compare loan products across banks and NBFCs. Documents submitted do not go directly to banks and are first verified by My Loan Credit.
2. No Guarantee of Loan Approval
Loan approval depends entirely on the respective bank/NBFC. My Loan Credit does not guarantee approval, loan amount, interest rate, or disbursement timeline.
3. Variable Charges
ROI, processing fees, insurance, and other costs are decided by banks/NBFCs and may vary.
4. Document Submission & Verification
All documents are securely stored and used only for loan processing. Incorrect or fraudulent documents may lead to rejection.
5. User Responsibilities
Users must provide accurate information and avoid fraudulent activity. Failure to comply may result in service denial.
6. Third-Party Bank Information
All displayed loan details and information are subject to change based on bank/NBFC policies. My Loan Credit is not responsible for discrepancies or updates not reflected immediately.
7. Limitation of Liability
My Loan Credit is not liable for delays, rejections, policy changes, or any financial losses incurred during or after the loan application process.
8. Cancellation Policy
Customers may cancel their loan application at any time; however, fees charged by banks or NBFCs (such as processing fees) may be non-refundable.
9. Governing Law
These Terms & Conditions are governed by the laws of India. Any disputes will be subject to jurisdiction of Indian courts only.