On this Website, a visitor could browse and search for persons who are willing to lend, persons who are willing to borrow, details of service providers such as verification agencies, collection agents and other such service providers that would provide services to either lenders or to borrowers. For the avoidance of doubt, we shall merely facilitate a transaction of borrowing and lending between two such persons. We neither lend nor borrow through the website. Paisa Lending is neither a financial institution, nor runs a collective investment scheme or a chit fund or any other such financial scheme.
The User of this Website declares and agrees that the User is a natural / legal person who has attained the age of at least 23 years.
Persons who cannot enter into legally binding contract in accordance with the provisions of the Indian Contract Act, 1872, including person of unsound mind and un-discharged insolvents etc. are not entitled to use the Website. The User should be Indian and should have Indian Citizenship status. The User should also have a valid Savings Bank Account. The User is allowed to utilize the services of the Website in accordance with the Terms and Conditions detailed hereinafter.
If the User violates any of these Terms & Conditions, or otherwise violate an agreement entered into through the medium of the Website, Paisa Lending may, delete User's profile and any content or information posted by the User on the Website and/or prohibit the User from using or accessing the Website at any time in its sole discretion, with or without notice, including without limitation if it believes that you are under 23.
As a User of this Website you have agreed to the Terms and Conditions that Paisa Lending has provided hereunder or anywhere else in this Website including but not limited to disclaimers on this Website. You are advised to read and understand the said Terms and Conditions and in case you do not wish to agree to these Terms and Conditions, please refrain from using the website.
If you use the Website, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer to prevent unauthorized access to your account. You agree to accept responsibility for all activities that occur under your account or password. You should take all necessary steps to ensure that the password is kept confidential and secure and should inform us immediately if you have any reason to believe that your password has become known to anyone else, or if the password is being, or is likely to be, used in an unauthorized manner. Please ensure that the details you provide us with are correct and complete and inform us immediately of any changes to the information that you provided when registering. You can access and update much of the information you provided us with in 'dashboard' area of the website after you log-in or by writing to us at support@PaisaLending.in. You undertake not to directly communicate in any manner with the other users of this Website. All communication between prospective Lenders and Borrowers should be through Paisa Lending on this Website. Paisa Lending reserves the right to refuse access to the Website, terminate accounts, remove or edit content at any time without notice to you. The right to use this Website is personal to the User and is not transferable to any other person or entity. Paisa Lending shall not be responsible for any data lost while transmitting information on the Internet.
We reserve the right, at our sole discretion, to refuse or cancel any request for registrations on the website for any reason. We may also require additional verifications or information before accepting any instruction or registering you on are portal as a Lender or a Borrower. The Borrower(s) and Lender(s) are required to note that negative third party verification report(s) are crucial factors considered during the funding process. The funding may get rejected at any stage due to lack of information or verifiable information.
Paisa Lending reserves the right to initiate legal proceedings against any persons for fraudulent use of the Website and any other unlawful acts or omissions in breach of these terms and conditions.
PaisaLending.in will retain the security cheques which are issued by the borrowers once the loan is executed. The security cheques will only be used after consultation with both the borrower and the investors. Paisa Lending is not responsible for the validity of the cheques and that they will be honoured or not once presented to the bank in case of default or delay in payments.
The interest rate displayed on the platform is in Annualized Percentage Rate (APR) format
The information provided in the registration form is property of Paisa Lending and is no guarantee that a loan will be provided to the user. Paisa Lending will not distribute the complete information without prior consent from the user and it will only use the information to assist in the user's endeavour to get a loan. The borrower registration form is only used for initial assessment purposes and Paisa Lending does not provide a guarantee that a loan will be provided even after all the information is provided by the user.
Please note: A fine of ₹ 500 will be levied if you accept the confirmation and later decide not to fund the borrower.
Paisa Lending reserves the right, at its sole discretion, to modify or replace these Terms and conditions, or change, suspend, or discontinue the website and its services (including, but not limited to, the availability of any feature, database, or Content) at any time for any reason. Paisa Lending may also impose limits on certain features and services or restrict your access to parts or all of the Website without notice or liability. It is your responsibility to check the Terms and Conditions periodically for changes. Your continued use of the Website following the posting of any changes to the Terms and conditions constitutes acceptance of those changes.
Paisa Lending has the right and liberty to monitor the content of the Website at all times which shall include information provided in your account. The monitoring of the Website is important to determine the veracity of the information provided by you and that every User remains in consonance with the Terms and Conditions provided herein. Subject to the Terms and Conditions mentioned herein Paisa Lending shall also have the liberty to remove any objectionable content which is in contravention of the Terms and Conditions herein or share such information with any governmental authority as per procedures laid down by the law for the time being in force in India.
Paisa Lending grants you a limited license to access and make personal use of the Website, but not to download (other than page caching) or modify it, or any portion of it, except with express written consent of Paisa Lending. This license does not include any resale or commercial use of this Website or its contents; any downloading or copying of account information for the benefit of anyone other than your use; or any use of data mining, robots, or similar data gathering and extraction tools. This website or any portion of this website (including but not limited to any copyrighted material, trademarks, or other proprietary information) may not be reproduced, duplicated, copied, sold, resold, visited, distributed or otherwise exploited for any commercial purpose without express written consent of Paisa Lending and / or its affiliates, as may be applicable. Any unauthorized use of the Website shall terminate the permission or license granted by Paisa Lending.
Notwithstanding anything to the contrary contained herein, neither Paisa Lending nor its affiliated companies, subsidiaries, officers, directors, employees or any related party shall have any liability to you or to any third party for any indirect, incidental, special or consequential damages or any loss of revenue or profits arising under or relating to these Terms and Conditions. To the maximum extent permitted by law, you waive, release, discharge and hold harmless Paisa Lending it's affiliated and subsidiary companies, and each of their directors, officers, employees, and agents, from any and all claims, losses, damages, liabilities, expenses and causes of action arising out of your use of the Website.