Terms and Conditions
INTRODUCTION
1.1. Welcome to Legacy Loans. By accessing or using our website, mobile application (“App”), and services (collectively, “Services”), you agree to adhere to these Terms & Conditions (“T&Cs”).
1.2. If you do not accept these T&Cs, we kindly ask that you refrain from using our Services.
MODIFICATION OF TERMS
2.1. We retain the right to alter or update these T&Cs at any time. Continued usage of the App after changes signifies your acceptance of the newly updated T&Cs.
2.2. We recommend that you periodically review these T&Cs to keep yourself informed of any updates.
PURPOSE
3.1. Legacy Loans is a financial services platform providing personal loans, credit lines, and credit card offerings in collaboration with leading banks and Non-Banking Financial Companies (“NBFCs”) (collectively, “Partners”).
3.2. Users can apply for personal loans, credit cards, or credit lines by completing the application process on our App.
3.3. Once approved, users can withdraw funds from their authorized credit limit and manage Equated Monthly Installments (“EMIs”) directly through the App.
ELIGIBILITY
4.1. To utilize our Services, you must meet the following criteria:
– Be a resident of India;
– Be at least 18 years old;
– Hold a valid PAN card and an Aadhaar-linked bank account;
– Satisfy the eligibility requirements set by our Partner banks and NBFCs.
4.2. Legacy Loans and its Partners reserve the right to approve or deny any loan or credit application at their discretion.
USER RESPONSIBILITIES
5.1. You agree to provide accurate, complete, and current information during the application process.
5.2. It is your responsibility to ensure timely repayment of loans, credit line withdrawals, and other obligations according to the agreed terms.
5.3. Any misrepresentation or fraudulent activities may lead to account termination and possible legal consequences.
LOAN TERMS & REPAYMENT
6.1. Loan amounts, tenure, interest rates, and other terms are governed by the policies of our Partner banks and NBFCs.
6.2. Repayments of loans and credit lines must be made as per the EMI schedule detailed in the loan agreement.
6.3. Late payments or defaults may incur penalties, additional interest, and may negatively affect your credit score.
PRIVACY & DATA USAGE
7.1. By using our Services, you agree to the collection, storage, and processing of your personal and financial information as outlined in our Privacy Policy.
7.2. Your information may be shared with our Partner banks and NBFCs for purposes related to loan processing, verification, and compliance.
DISCLAIMERS & LIABILITY LIMITATION
8.1. Legacy Loans acts as an intermediary and does not offer loans directly. The ultimate decision on loan approvals is made by our Partner banks and NBFCs.
8.2. We are not liable for any losses, damages, or liabilities that occur due to loan denials, late payments, or defaults.
8.3. Although we aim for accuracy, we cannot assure constant access to our Services, as interruptions may arise from technical difficulties, maintenance, or unexpected events.
TERMINATION & ACCOUNT SUSPENSION
9.1. We have the right to suspend or terminate your access to our Services if:
– You breach any of these T&Cs;
– You fail to meet your loan obligations;
– Any fraudulent activity is linked to your account.
9.2. You can stop using our Services at any time by closing your account.
GOVERNING LAW & DISPUTE RESOLUTION
10.1. These Terms and Conditions are regulated by the laws of India.
10.2. Any disputes that arise related to these T&Cs will fall under the exclusive jurisdiction of the courts in [City, India].
CONTACT US
11.1. For any questions, concerns, or support, please reach out to us at: Contact Us