Terms & Conditions

Please read these terms and conditions carefully before using our services.

1. Acceptance of Terms

By accessing and using LoanInNeed services, you accept and agree to be bound by the terms and provision of this agreement. LoanInNeed is a unit of Sashi Enterprises Ltd., a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India.

2. Eligibility Criteria

To be eligible for our loan services, you must:

• Be an Indian citizen aged 21 years or above
• Have a valid government-issued ID proof
• Have a stable source of income
• Reside in one of our operational cities
• Provide accurate and complete information during application

3. Loan Application Process

Our loan application process is entirely online and requires minimal documentation. By submitting an application:

• You authorize us to verify the information provided
• You consent to credit checks and background verification
• You understand that approval is subject to our internal assessment
• You agree to provide additional documents if requested

4. Interest Rates and Fees

Interest rates are determined based on various factors including loan amount, tenure, and creditworthiness. All applicable charges will be clearly communicated before loan approval. We maintain transparency in our pricing with no hidden fees.

5. Repayment Terms

Loan repayment terms are agreed upon at the time of loan approval. Late payments may attract additional charges as per RBI guidelines. We follow ethical collection practices and never resort to coercive recovery methods.

6. Data Protection and Privacy

We are committed to protecting your personal and financial information. All data is stored securely and used only for legitimate business purposes as outlined in our Privacy Policy. We comply with applicable data protection regulations.

7. Prohibited Activities

You agree not to:

• Provide false or misleading information
• Use our services for illegal purposes
• Attempt to defraud or manipulate our systems
• Share your account credentials with unauthorized persons

8. Limitation of Liability

LoanInNeed shall not be liable for any indirect, incidental, or consequential damages arising from the use of our services. Our liability is limited to the extent permitted by applicable law.

9. Grievance Redressal

We have established an effective Grievance Redressal Cell as per RBI directives. Any complaints will be addressed within 5 working days. You can reach us at:

10. Modifications to Terms

We reserve the right to modify these terms and conditions at any time. Changes will be communicated through our website and other appropriate channels. Continued use of our services constitutes acceptance of modified terms.

11. Governing Law

These terms and conditions are governed by the laws of India. Any disputes shall be subject to the jurisdiction of Indian courts.

12. Contact Information