Terms & Conditions

1. Introduction

Welcome to LoanCredly. These Terms and Conditions ("Terms") govern your use of our loan services, website, and any related services provided by LoanCredly ("we," "us," or "our"). By accessing or using our services, you agree to be bound by these Terms.

If you do not agree to these Terms, please do not use our services. We reserve the right to modify these Terms at any time, and your continued use of our services constitutes acceptance of any changes.

2. Eligibility Requirements

To be eligible for our loan services, you must meet the following requirements:

• Be at least 18 years of age (or the age of majority in your jurisdiction)
• Be a legal resident of the United States
• Have a valid Social Security Number or Individual Taxpayer Identification Number
• Have a verifiable source of income
• Have an active checking or savings account
• Meet our credit and income requirements

3. Loan Services

3.1 Personal Loans

Our personal loans range from $1,000 to $50,000 with terms from 12 to 60 months. Interest rates start from 5.99% APR and are based on your creditworthiness, income, and other factors.

3.2 Business Loans

Business loans range from $5,000 to $500,000 with terms from 6 to 60 months. Interest rates start from 4.99% APR and are determined based on business financials, credit history, and loan purpose.

3.3 Auto Loans

Auto loans range from $5,000 to $100,000 with terms up to 84 months. Interest rates start from 3.99% APR for qualified borrowers and are based on credit score, vehicle value, and loan-to-value ratio.

4. Application Process

By submitting a loan application, you agree to:

• Provide accurate, complete, and truthful information
• Authorize us to verify your information through third-party sources
• Allow us to perform credit checks and background verifications
• Understand that providing false information may result in application denial or loan default

5. Loan Terms and Conditions

5.1 Interest and Fees

Interest rates are fixed for the term of the loan. Additional fees may include origination fees, late payment fees, and returned payment fees. All fees will be clearly disclosed in your loan agreement.

5.2 Repayment

You agree to make payments according to the schedule outlined in your loan agreement. Payments are due monthly and can be made through various methods including automatic bank transfers, online payments, or in-person payments.

5.3 Prepayment

You may prepay your loan in full or make additional payments at any time without penalty. Prepayments will reduce the total interest paid over the life of the loan.

6. Default and Collection

Your loan will be considered in default if you fail to make a payment within 30 days of the due date. In case of default:

• Late fees may be assessed
• Your credit report may be negatively affected
• We may accelerate the loan and demand immediate payment of the full balance
• We may pursue collection activities including legal action

7. Privacy and Data Protection

We are committed to protecting your personal information. Our Privacy Policy explains how we collect, use, and protect your data. By using our services, you consent to our data practices as described in our Privacy Policy.

We may share your information with third parties only as necessary to process your loan application, service your loan, or as required by law.

8. Disclaimers and Limitations

Our services are provided "as is" without warranties of any kind. We do not guarantee loan approval or specific interest rates. Loan approval is subject to credit review and other factors.

We are not responsible for any damages resulting from the use of our services, including but not limited to indirect, incidental, or consequential damages.

9. Governing Law

These Terms are governed by the laws of the State of [Your State] without regard to conflict of law principles. Any disputes arising from these Terms or our services will be resolved in the courts of [Your State].

10. Contact Information

If you have any questions about these Terms and Conditions, please contact us:

Acknowledgment

By using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. If you do not agree to these terms, please discontinue use of our services immediately.