Last Updated: January 1, 2025
These Terms & Conditions govern your use of LoanWala's website (loanwala.in) and loan application services. By using our services, you agree to these terms in full.
LoanWala offers a flat interest rate of 10% per annum on all loan types. This rate is fixed for the entire loan tenure and does not vary based on credit score, loan amount, or any other factor.
LoanWala charges ZERO processing fees. No upfront payment is required to process your loan application.
Applicant must be an Indian citizen aged 18-70 years with a valid Aadhaar card and PAN card. Minimum income requirements vary by loan type. LoanWala reserves the right to reject any application without providing reasons.
Borrowers may prepay their loan in full or in part at any time without any penalty or extra charges. Partial prepayments will reduce the outstanding principal and consequent interest.
EMI must be paid by the due date. Late payments may attract a penalty of 2% per month on the overdue EMI amount. Continuous default for 3+ months may result in legal recovery proceedings.
All personal and financial data shared with LoanWala is encrypted and stored securely. We do not sell or share your data with third parties except as required by law or for loan processing with partner banks/NBFCs.
LoanWala is an NBFC lending platform. Loan approval is subject to verification and credit assessment. The information on this website is for general purposes only and does not constitute a binding offer.
These terms are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of courts in New Delhi.
For any queries regarding these terms, contact us at legal@loanwala.in or call +91 98765 43210.