Terms of Service
Last updated: January 2024
1. Acceptance of Terms
By accessing or using the MoneyLoot app, you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any of these terms, you are prohibited from using the app.
2. Eligibility
To use MoneyLoot services, you must:
- Be at least 18 years of age
- Be an Indian citizen
- Have a valid PAN card
- Provide accurate and truthful information during registration
3. Loan Terms and Conditions
By accepting a loan through MoneyLoot, you agree to the following terms:
- Interest Rate: 5% compound interest rate
- Maximum Repayment Tenure: 36 months
- Late Payment Penalties: 2% of the outstanding amount
All loans are subject to credit assessment and approval.
4. Customer Support
We provide 24/7 customer support for all your queries and concerns. You can reach us at:
Email: info@excessworld.co.in
5. Legal Compliance
These terms and all loan agreements are governed by:
- The Banking Act of India
- NBFC regulations of India
- All applicable Indian financial regulations
6. Account Security
You are responsible for:
- Maintaining the confidentiality of your account credentials
- All activities that occur under your account
- Notifying us immediately of any unauthorized use
7. Modifications to Terms
We reserve the right to modify these terms at any time. Changes will be effective immediately upon posting to the app. Your continued use of MoneyLoot after any changes indicates your acceptance of the modified terms.
8. Contact Information
For any questions regarding these Terms of Service, please contact us at:
Email: info@excessworld.co.in