Terms and Conditions – Badaloan

1. Acceptance of Terms

By using the services of Badaloan, you agree to these Terms and Conditions, as well as our Privacy Policy. If you do not agree, please do not use our services.


2. Eligibility

  • You must be at least 18 years old.

  • You must be a resident of [India/Your Country].

  • You must have a valid ID, address proof, and income proof.

  • Approval is subject to internal verification and credit assessment.


3. Loan Terms

  • Loan Amount: Subject to eligibility and assessment.

  • Interest Rate: Varies based on credit profile and tenure.

  • Tenure: Flexible options ranging from [X to Y months/years].

  • Processing Fees: Non-refundable and deducted at disbursal.

  • Repayment: Monthly EMIs via auto-debit, UPI, or bank transfer.

Failure to repay on time may result in penalties, legal action, and credit score impact.


4. Use of Service

  • You agree to provide accurate and truthful information.

  • You authorize Badaloan to verify all submitted documents.

  • You shall not use the platform for unlawful or fraudulent purposes.


5. Privacy & Data Usage

  • We collect and store your personal and financial data to assess creditworthiness.

  • Data is shared with credit bureaus, banking partners, and regulatory bodies as needed.

  • We comply with applicable data protection and financial regulations.

For more information, read our [Privacy Policy].


6. Disbursement & Refunds

  • Loans are disbursed to the verified bank account upon approval.

  • No refunds are applicable once the loan is disbursed unless disbursal was done in error.


7. Default & Recovery

  • In case of default, Badaloan reserves the right to:

    • Initiate recovery procedures

    • Inform credit bureaus

    • Take legal action under applicable laws


8. Limitation of Liability

Badaloan is not liable for any indirect, incidental, or consequential damages arising from:

  • Use or inability to use the platform

  • Delay or failure in loan processing due to third-party issues


9. Amendments

We reserve the right to update or modify these Terms at any time. Continued use of the platform signifies your acceptance of the revised Terms.


10. Governing Law & Jurisdiction

These Terms are governed by the laws of [India/Your Country], and any disputes shall be subject to the exclusive jurisdiction of the courts in [City].