Registeration

our website offers the flexibility for individuals to access it either as guests or by registering for an account. While basic features are accessible to all, certain sections are reserved exclusively for registered users. To register, eligible customers are required to fill out all necessary information proactively. This includes personal details and other relevant data.

Upon applying for registration, users grant consent for our platform to conduct various verifications and checks. These may encompass identity verification, Know Your Customer (KYC) procedures, fraud checks, credit score assessments, and employment or home verification.

It’s imperative to note that providing accurate, updated, or incomplete information during registration could suspend or permanently terminate the user account. In such instances, the website reserves the right to refuse any current or future use of its services. Furthermore, users are expected to furnish specific personal information during the registration process. By doing so, they explicitly authorize the website to access, collect, and retain their data under our privacy policies. Registration on our platform is entirely free of charge for anyone interested in joining. Moreover, individuals seeking a personal loan through our website can rest assured that there are no processing fees associated with the application process.

USE 

To apply for a short-term personal loan through our LoanHub platform, you must first log in to your LoanHub account. All registered users on our website are solely responsible for any activities associated with their account. The operators of the website are not liable for any criminal operations, including misuse, unauthorized access, or hacking of the site. All users must confirm and acknowledge that they have received a copy of the credit agreement between the lender and borrower. Users must also confirm that they have read and understood all the terms and conditions stated in the Loan Agreement and agree to abide by them. If a user suspects that their personal information provided for their LoanHub account is being misused or hacked, they should immediately notify the site.

We reserve the right to refuse to act on any instructions received from a user if we believe:

 (a) the user is confused

 (b) the instructions are not provided by a registered user

 (c) the instructions could lead to a violation of regulations

 (d) the instructions suggest that the site is being misused for criminal activity.

Any unauthorized access to our site by a user will result in temporary or permanent termination of site access.

Users are prohibited from saving, downloading, or printing any content from the site for unauthorized commercial gain.

The website reserves the right to deny or cancel user registration and to ban any individual from accessing the site temporarily or permanently for specific reasons.

Procedure 

Selection of Borrower Profiles: When a lender decides to extend a loan, they have the flexibility to choose one or multiple borrower profiles from the diverse pool of borrowers listed on our platform.

Timely Loan Initiation: Upon selecting a borrower, the lender commits to initiating the principal loan offer within the initial thirty days from their registration date on our site.

Smooth Fund Transfer: Following borrower acceptance, the registered lender can seamlessly transfer an amount equivalent to the requested loan sum with minimal deviation, ensuring swift and efficient transaction processing.

Formal Agreement: It is mandatory for both the borrower and lender to establish a comprehensive agreement, delineating the terms and conditions of the loan. This ensures mutual understanding and clarity throughout the lending process.

Secure Fund Disbursement: Upon agreement, the approved individual loan amount will be securely debited from the borrower’s designated bank account, facilitating a secure and transparent transaction experience for all parties involved.

Terms for Borrowing

Application Process: Borrowers qualify to request a personal loan by submitting their requirements and completing the application process on our site.

Bank Account Details: During registration, borrowers must provide complete information about their bank account for repayment purposes.

Loan Approval Requirements: 

• Borrowers must provide any additional information necessary for credit processing.
• Consent to credit score verification through the Credit Information Bureau.
• Acceptance of the approved loan amount by the borrower is mandatory.

Settlements

Fee Charges: Any received funds from the borrower may include delay charges, late fees, or punitive charges of any nature.

Account Records: These charges are recorded in the lender’s LoanHub account, accessible by logging into registered user accounts.

Reimbursement Management: All collected repayments are transferred to the lender’s LoanHub account, with the balance reflecting received EMIs on time. However, it may take up to 3 days for the EMI receipt to reflect in the borrower’s LoanHub account.

Administration of Loan

EMI Payments: EMIs commence from the loan repayment date, with interest accruing five days after the investment or loan payment date, whichever is earlier.

Missed Payments: In case of missed repayments, borrowers must notify the company via email and describe the delay charges, inform the lender, and address any potential reporting to CIBIL for payment default.

Default Classification: Borrowers may be classified as defaulters if they fail to make three consecutive payments, in the event of the borrower’s death, or if they are unable to make further repayments for any reason.

Closing Your LoanHub Account

Account Closure by User: Upon completion of all loan repayments, users may opt to close their loan account by sending an email request to us.

Account Termination by LoanHub: We reserve the right to terminate the enrollment of a loan account if incorrect or incomplete information is provided, or if the terms of use are violated. Additionally, accounts may be terminated if we receive confirmation of the borrower’s demise.

Termination for Fraudulent Activities: We also reserve the right to terminate accounts if fraudulent activities are detected or if users engage in activities detrimental to the reputation or interests of our site.

Information Protection and Privacy

Communication Channels: We send service communications to registered mobile numbers and email IDs, which are automated and cannot be opted out of.

Optional Updates: Users registered with LoanHub have the option to receive periodic updates from the company, based on their approval.

Content Usage

Content Guidelines: Users are prohibited from engaging in any activity that involves displaying, hosting, modifying, uploading, broadcasting, publishing, sharing, or updating any information that: a. Belongs to another person. b. Is harassing, defamatory, obscene, explicit, vulgar, or invasive of another person’s privacy. c. Harms minors in any way. d. Poses a threat to the integrity, unity, sovereignty, or security of India.

Intellectual Property Rights

Ownership of Content: All rights of the website owners are reserved under Intellectual Property Rights (IPR). Under no circumstances should any content be copied or reproduced without authorization.