1.1. Welcome to Legacy Loans! By using our website, mobile application (“App”), and services (collectively referred to as “Services”), you agree to comply with these Terms & Conditions (“T&Cs”).
1.2. If you do not agree with these T&Cs, we politely request that you do not use our Services.
2.1. We reserve the right to modify these T&Cs at any time. Your continued use of the App after any changes indicates your acceptance of the updated T&Cs.
2.2. We suggest reviewing these T&Cs occasionally to stay updated on any modifications.
3.1. Legacy Loans is a financial services platform designed to provide loan solutions for SMEs by connecting them with top banks and Non-Banking Financial Companies (“NBFCs”) (collectively referred to as “Partners”).
3.2. SMEs can apply for business loans through our platform by completing the application process on our App.
3.3. Upon approval, businesses will have access to funds based on the terms agreed upon with our lending partners.
4.1. To use our Services, your business must meet the following qualifications:
– Be a registered SME operating in India;
– Possess a valid business registration certificate, GSTIN, PAN, and an Aadhaar-linked bank account;
– Meet the eligibility criteria set by our Partner banks and NBFCs.
4.2. Legacy Loans and its Partners maintain the right to approve or decline any loan application at their discretion.
5.1. You commit to providing accurate, complete, and up-to-date business information during the loan application process.
5.2. It is your responsibility to ensure timely repayment of SME loans per the agreed terms.
5.3. Any misrepresentation or fraudulent activity may result in account termination and potential legal repercussions.
6.1. Loan amounts, tenure, interest rates, and other terms are dictated by the policies of our Partner banks and NBFCs.
6.2. Repayments should be made according to the schedule outlined in the loan agreement.
6.3. Late payments or defaults may incur penalties, additional interest, and adversely affect the business’s credit profile.
7.1. By utilizing our Services, you consent to the collection, storage, and processing of your business and financial details as detailed in our Privacy Policy.
7.2. Your information may be shared with our Partner banks and NBFCs to facilitate loan processing, verification, and compliance.
8.1. Legacy Loans serves as a facilitator and does not provide loans directly. The final decision regarding loan approvals lies with our Partner banks and NBFCs.
8.2. We are not responsible for any losses, damages, or liabilities that arise from loan rejections, late payments, or defaults.
8.3. While we strive for accuracy, we cannot guarantee uninterrupted access to our Services due to potential technical issues, maintenance, or unforeseen events.
9.1. We reserve the right to suspend or terminate your access to our Services if:
– You violate any of these Terms and Conditions;
– You do not fulfill your SME loan obligations;
– Any fraudulent activities are associated with your account.
9.2. You may discontinue your use of our Services at any time by closing your account.
10.1. These Terms and Conditions are governed by the laws of India. 10.2. Any disputes arising in connection with these T&Cs will be subject to the exclusive jurisdiction of the courts
111.1. For any inquiries, concerns, or support, please feel free to contact us at: Contact Us