Terms and Conditions

1. Nature of the Platform

Friendly Loans For You acts as a digital lending technology facilitator connecting eligible borrowers with verified lenders and credit entities. We are not a deposit-taking institution, and we do not guarantee individual credit approvals which remain contingent upon underwriting rules.

2. Eligibility Criteria

To register or apply for credit on the platform, an applicant must:

• Be an Indian citizen of at least 21 years of age.
• Possess a valid Permanent Account Number (PAN) and an active Indian bank account.
• Furnish accurate, non-misleading financial and employment details.

3. Repayment & eNACH Mandates

By executing an agreement, borrowers agree to honor their monthly EMI obligations via NPCI eNACH or UPI AutoPay mandates on designated due dates. Failure to maintain adequate balance may lead to standard dishonor charges as stated in the Key Fact Statement.

4. Credit Bureau Reporting

Timely repayments and credit defaults are reported to authorized Credit Information Companies (such as CIBIL, Experian, Equifax, and CRIF) in accordance with the Credit Information Companies (Regulation) Act, 2005.

5. Governing Law & Jurisdiction

These terms are governed by the laws of India. Any legal dispute or proceeding arising out of or related to platform usage shall be subject to the exclusive jurisdiction of the competent courts in India.