THE COMPANY DOES NOT PERMIT INTERNATIONAL TRANSACTIONS THROUGH THE WEBSITE NOR SHOULD ANY USER ATTEMPT TO USE THE SITE FOR ANY INTERNATIONAL TRANSACTIONS.
ACCEPTANCE OF TERMS
The license to use the Site is personal to the User and is not transferable to any other person or entity. The User shall be responsible for protecting the confidentiality of User's user name and password, if any. User acknowledges that, internet usage is often prone to interruptions in service or events that are beyond the control of the Company, and the Company shall not be responsible for any data lost while transmitting information on the internet. In particular We disclaim any liability for such losses on account of disruption of internet services due to the User’s internet service provider or any other reason beyond Our control. While it is Our objective is to make the Site accessible 24 (twenty four) hours per day, 7 (seven) days per week, the Site may be unavailable from time to time for any reason including, without limitation, routine maintenance. You understand and acknowledge that due to circumstances both within and outside of the control of the Company, access to the Site may be (or may required to be) interrupted, suspended or terminated from time to time. The Company shall have the right at any time to change or discontinue any aspect or feature of the Website, including, but not limited to, content, hours of availability and equipment needed for access or use at anytime without prior notice to Users. Further, the Website may discontinue disseminating any portion of information or category of information, may change or eliminate any transmission method and may change transmission speeds or other signal characteristics at anytime without prior notice to Users.
Users of the Website may experience difficulty in accessing the Website due to updates being provided to the Website. We will endeavour to notify the Users in advance of the date and time whenever possible. However in cases where we are unable to provide advance notice or in case of emergency, We shall try to expedite the process at the earliest and endeavour to minimize delays/interruption due to time taken for such Website updates. We apologize in advance for the inconvenience caused to Our Users on this account.
License and Site Access
Website Usage Eligibility
If You are a natural person You are required to have completed at least 18 (eighteen) years of age and should not be legally incapacitated/barred in any way from entering into a contract in India. In case You are using/accessing the Website on behalf of a legal person or any other natural person, in additional to the aforesaid, You shall be required to be a duly authorized personnel of such person on whose behalf You are using/accessing the Website. You may be required to provide documents/evidence in support demonstrating Your conformity to the aforesaid conditions. However, the Company is not in a position to and shall not be independently corroborating such supporting documents/evidence provided by You and You shall solely remain responsible for all consequences arising from the same. In case You do not meet the aforesaid criteria You should stop use/access of the Website forthwith failing which the Company reserves its rights to take necessary legal action against You as may be advised to it. Any person who cannot enter into legally binding contract in accordance with the provisions of the Indian Contract Act, 1872 including persons below the age of 18 (eighteen) years completed or of unsound mind and un-discharged insolvents etc. or any person legally incapacitated/barred in any way from entering into a contract in India are not entitled to use/access the Site.
User shall be responsible for obtaining and maintaining all telephone, computer hardware and other equipment needed for access to and use of the Site and all charges related thereto. The Company shall not be liable for any damages to the User's equipment resulting from the use of the Site.
The foregoing provisions of this section apply equally to and are for the benefit of the Company, its subsidiaries, affiliates and its third party content providers and licensors, and each shall have the right to assert and enforce such provisions directly or on its own behalf.
The Company shall have the right, but not the obligation, to monitor the content of the Site at all times, including any chat rooms and forums that may hereinafter be included as part of the Site, to determine compliance with this agreement and any operating rules established by iLoanz/the Company, as well as to satisfy any applicable law, regulation or authorized government request. Without limiting the foregoing, the Company shall have the right to remove any material that the Company, in its sole discretion, finds to be in violation of the provisions hereof or otherwise objectionable.
By posting communications on or through this Site, User shall be deemed to have granted to the Company a royalty-free, perpetual, irrevocable, non-exclusive license to use, reproduce, modify, publish, edit, translate, distribute, perform, and display the communication alone or as part of other works in any form, media, or technology whether now known or hereafter developed, and to sublicense such rights through multiple tiers of sub-licensees.
Credit/Debit Card Information
You agree, understand and confirm that the credit/debit card details provided by You for making payments for services/memberships availed on iLoanz will be correct and accurate and You shall not use any credit/debit card which it is unlawful for You to possess or use. Thus, You must not pay or attempt to pay for services using stolen credit/debit cards or credit card information that was illegally procured. You further agree and undertake to provide the correct and valid credit/debit card details on iLoanz.
Further the said information will not be utilized and shared by the Company with any third parties unless required for fraud verifications or under any law, regulation or court order. The Company will not be liable for any credit card fraud. The liability for use of a credit/debit card fraudulently will be on You in exclusion to the Company and the onus to ‘prove otherwise’ shall also be exclusively Yours. Use of international credit/debit cards and/or methods that have the potential to create cross-border forex transactions using the Website are strictly prohibited.
Cancellation by the Company
Please note that in case of instructions to remit payments or seek rendition of services that the Company is unable to accept/provide, the same shall be cancelled. We reserve the right, at Our sole discretion, to refuse or cancel any order for any reason. We may also require additional verifications or information before accepting any instruction or registering You on the Site as a Lender or a Borrower. The Borrower(s) and/or Lender(s) are required to note that negative third party verification report(s) are crucial factors considered during the assessment process prior to funding and its disbursements. The funding may get rejected at any stage due to lack of information or verifiable information.
Limitation of Liability
The Company, its associates and technology partners make no representations or warranties about the accuracy, reliability, completeness, currency and/or timeliness of any content, information, software, text, graphics, links or communications provided on or through the use of the Site or that the operation of the Site will be error free and/or uninterrupted. Consequently, the Company assumes no liability whatsoever for any monetary or other damage direct or indirect suffered by You on account of the delay, failure, interruption, or corruption of any data or other information transmitted in connection with use of the Site; and/or any interruption or errors in the operation of the Site. You expressly understand and agree that the Company and its subsidiaries, affiliates, officers, employees, agents, partners and licensors shall not be liable to You for any direct, indirect, incidental, special, consequential or exemplary damages, including, but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if the Company has been advised of the possibility of such damages), resulting from use of the Site, availing of services/Products based on contents put up on the Site for which the Company and its subsidiaries, affiliates, officers, employees, agents, partners and licensors are in no way responsible.
This limitation of liability section shall prevail over any conflicting or inconsistent provision contained in any documents issued/procured/executed pursuant to use of the Site. It is up to You to take precautions to ensure that whatever You select for Your use is free of such items as viruses, worms, trojan horses and other items of a destructive nature.
The User further with immediate effect waives any right which had accrued to him from using the Website to initiate any legal action against the Company. User also acknowledges that the credibility of a Lender or a Borrower as derived by use of or depicted upon the Website is based on the information that is provided on iLoanz by the concerned Borrower/Lender as the case may be without any recourse to or liability upon the Company. In case there is a non-disclosure of information on/to iLoanz/the Company and the judgment of the Company is impaired and the ratings or credibility of a Lender or a Borrower is not found to be correct, the Company shall not be responsible for any claims or liabilities. The Company in any event is not responsible for any failure to honour a commitment to lend or default in return of money that is lent/borrowed through iLoanz and the concerned User(s) shall have exclusive responsibility to initiate proceedings against the defaulter. The Company does merely acts as a conduit for exchange of necessary information and support to Lenders/Borrowers in good faith with the endeavor to enable them to conclude necessary commercial contracts without incurring any legal/contractual involvement either with Lenders and/or Borrowers and/or Service Providers. You therefore understand and acknowledge that neither shall You make any claim against the Company howsoever/whatsoever and that Your contractual/legal rights and relations shall be solely with other Users You seek out using the Site but subject to conducting Your own independent due diligence.
The Company will communicate with You through any of the mode using email, SMS and telephone or all of them or any other mode. Users must provide a valid email address and contact telephone and/ or mobile number to the Company for this purpose. A notice/communication issued on the last updated co-ordinates by a User shall be deemed sufficient for this purpose without any obligation on the Company to ascertain its currency or accuracy.
Please note the Company will not be able to contact the User in case the User’s number is part of DNC (Do Not Call) list as generated by TRAI (Telecom Regulatory Authority of India). However, in the event You specifically permit Us to get in touch with You whilst registering on the Website the same shall be deemed permission by You to allow Us to contact You on number provided at the time of registration on the Website. Your number may also be shared with the other members of this Website including lenders on a confidential basis and to the extent necessary for the Website Services, You specifically permit these members to get in touch with You whilst registering on the Website. In all other cases, Users will be required to call Us on the numbers for contact displayed on the Website.
When You use the Site or send emails on the Site, You are communicating with the Company electronically. You consent to receiving communications from the Company electronically.
From time to time, the Company will also send You marketing material. If You do not wish to receive such material, You may unsubscribe from Our mailing list at any time by using the unsubscribe function in the electronic marketing communication or by contacting email@example.com
You agree that all agreements, notices, disclosures and other communications that We provide to You electronically satisfy any legal requirement that such communications be in writing.
Website-Provided Email and Postings
The Site may provide Users with the ability to send email messages to other Users and non- users and to post messages on the Site. The Company is under no obligation to review any messages; information or content ("Postings") posted on the Site by Users and assumes no responsibility or liability relating to any such Postings.
You understand and agree not to use any functionality provided by the Site to post content or initiate communications that contain:
This prohibition includes but is not limited to:
The Opt-out Practice
The Site or third parties may provide links to other websites or resources. As the Company has no control over such sites and resources, You acknowledge and agree that the Company is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such sites or resources. You further acknowledge and agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.
Access to Password Protected/Secure Areas
Access to and use of password protected and/or secure areas of the Site is restricted to authorized Users provided with such exclusive usernames and passwords only. Unauthorized individuals attempting to access these areas of the Site may be subject to prosecution. Passwords are for the Users to whom it has been provided and sharing/disclosing the same with any other person is not permitted.
Disclaimer of Warranties
Limitation of Liability
UNDER NO CIRCUMSTANCES SHALL THE COMPANY, ITS SUBSIDIARIES, EMPLOYEES, OFFICERS, AFFILIATES, DIRECTORS, AGENTS, SUPPLIERS, SHAREHOLDERS, NON EXECUTIVE DIRECTORS OR ITS LICENSORS INVOLVED IN CREATING, PRODUCING, TRANSMITTING OR DISTRIBUTING PRODUCTS OR SERVICES ON THIS SITE, GRANTING OR RECEIVING LOAN FROM A MEMBER ASSOCIATED WITH THE WEBSITE BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES THAT RESULT FROM EITHER MISREPRESENTATION, FRAUD, COERCION, BREACH OF TRUST, MISAPPROPRIATION, CHEATING OR FOR ANY OTHER SUCH REASON OF ITS END USERS OR OF THIRD PARTIES INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS AND LOSS OF GOODWILL OR LOSS OF INTEREST.
In case it comes to Your knowledge that any member of the Website has committed default or fraud or misrepresents his financial status then You shall be duty bound to inform the Company in writing and upon receipt of such information the Company shall call upon such User to explain the allegations made in Your Notice and upon receipt of an explanation from such User the Company shall in its own discretion decide as to whether such a User should be prohibited from using the Website.
Courts of Mumbai will have exclusive jurisdiction of dealing with all matters/disputes arising from use of this Site.
The trademarks, logos and service marks ("Marks") displayed on the Site are the property of the Company and other respective Users. Users are prohibited from using any Marks for any purpose including, but not limited to use as meta-tags on other pages or sites on the World Wide Web without the written permission of the Company or such User which may own the Marks. All information and content including any software programs available on or through the Site ("Content") is protected by copyright. Users are prohibited from modifying, copying, distributing, transmitting, displaying, publishing, selling, licensing, creating derivative works or using any Content available on or through the Site for any commercial or public purposes howsoever/whatsoever.
You can pay the Company using payments services deployed by the Company from time to time. The Company has also deployed a system of electronic payment of fees, the details of which are available at www.iloanz.co.in. All transactions are processed in INR.
The Company holds the complete right to de-activate any Lender/Borrower on its own accord if the Lender/Borrower is suspected or found to be from competition engaging or trying to engage in any malicious activity
Business Partner Agreement
Please click here for the Business Partner Agreement (applicable only for Business Partners)