BillionLoans ("BillionLoans" or "Site" or "we" or "our") a trade name owned and managed by BillionLoans Financial Services Pvt Ltd, Ltd is a web portal that provides a platform to bring together people and entities who are willing to borrow and people and entities who are willing to lend. BillionLoans is an attempt to build a close community that would share its resources with each other in all honesty and promote togetherness and growth of the community at an individual level and of the community as a whole. On this Site, a visitor could browse and search for people and entities who are willing to lend, people and entities 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. BillionLoans shall merely facilitate a transaction of borrowing and lending between two such people. BillionLoans neither lends nor borrows through this Site. BillionLoans is neither a financial institution, nor runs a collective investment scheme or a chit fund or any other such financial scheme.
SITE: Site means BillionLoans.com which is owned and managed by BillionLoans Financial Services Pvt Ltd
YOU/YOUR:You/Your shall mean a legal person or a natural person who is at least 21 years of age and could legally enter into a contract in India and could use the services and products provided on BillionLoans.com in accordance with the terms and conditions recorded hereinafter and has agreed to become a member of this Site.
Every effort has been made to ensure, that the information contained on the Site is correct, however BillionLoans makes no warranty as to the accuracy, comprehensiveness, or correctness of any Service(s) or a Product(s) on the Site, and provides all Service(s) and Product(s) on an "as is" basis. By using this Site, you ("you" or the "End User") agree to these terms and conditions ("Terms and Conditions" or "T&C" or "Terms") that we have provided. If you do not wish to agree to these Terms and Conditions, please refrain from using this Site.
The Service(s) or a Product(s) and information displayed on the Site is an "invitation to offer" to the End User. Your order for purchase of either Service(s) or Product(s) constitutes your "offer" which shall be subject to the terms and conditions as listed below. BillionLoans.com reserves the right to accept or reject your offer. If you have supplied us with your valid email address, we will notify you by email as soon as possible to confirm receipt of your instruction and email you again to confirm details and therefore process the instruction accordingly for provision of Services(s) or Products(s). Our acceptance of your instructions for either rendition of services or provision of any product will take place upon rendition of Service(s) or dispatch of the Product(s) ordered. No act or omission of BillionLoans prior to the actual dispatch of the Product(s) or rendition of services ordered will constitute acceptance of your offer. Similarly, no act or omission of BillionLoans prior to the actual rendition of services shall constitute acceptance of your offer. A Person who cannot enter into legally binding contract in accordance with the provisions of the Indian Contract Act, 1872 including person below the age of 21 years or of unsound mind and un-discharged insolvents etc. are not entitled to use the Site.
Persons under the age of 21 years are not permitted to get engaged with this Site and have no permission to call for any services or products or to lend or to borrow from through this Site.
In the Site, BillionLoans provides End Users with access to lenders, borrowers, service providers to borrowers, partners who facilitate lending and credit reports for lenders and borrowers. The list of Products and Services provided may change from time to time and without prior notice.
Upon your clicking "yes" in the options menu we shall be entitled to send you regular updates via email/ sms/ phone call or any other means regarding our Services and Product offerings.
These terms and conditions that apply to the user of this site. By using this Site (other than to read this T&C for the first time), user agrees to comply with all of the terms and conditions hereof. The right to use this Site is personal to the user and is not transferable to any other person or entity. User shall be responsible for protecting the confidentiality of User's password(s), if any. User acknowledges that, although the internet is often a secure environment, sometimes there are interruptions in service or events that are beyond the control of BillionLoans, and BillionLoans shall not be responsible for any data lost while transmitting information on the internet. While it is BillionLoans objective is to make the Site accessible 24 hours per day, 7 days per week, the Site may be unavailable from time to time for any reason including, without limitation, routine maintenance. You understand and acknowledge that due to circumstances both within and outside of the control of BillionLoans, access to the Site may be interrupted, suspended or terminated from time to time. BillionLoans shall have the right at any time to change or discontinue any aspect or feature of BillionLoans, including, but not limited to, content, hours of availability and equipment needed for access or use. Further, BillionLoans may discontinue disseminating any portion of information or category of information, may change or eliminate any transmission method and may change transmission speeds or other signal characteristics.
BillionLoans grants you a limited license to access and make personal use of the Site. This license does not include any downloading or copying of account information for the benefit of another vendor or any other third party; caching, unauthorized hypertext links to the Site and the framing of any Content available through the Site, uploading, posting, or transmitting any content that you do not have a right to make available (such as the intellectual property of another party); uploading, posting, or transmitting any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment; any action that imposes or may impose (in BillionLoans sole discretion) an unreasonable or disproportionately large load on BillionLoans infrastructure; or any use of data mining, robots, or similar data gathering and extraction tools. You may not bypass any measures used by BillionLoans to prevent or restrict access to the Site. Any unauthorized use by you shall terminate the permission or license granted to you by BillionLoans. By using this Site and by accepting to agree to these terms and conditions you also agree that you shall not hack or otherwise hire some third party to hack the site or use any other unauthorized means without a written consent of BillionLoans and access any third party information. You shall in such an event be liable of a criminal offence and BillionLoans shall institute appropriate legal proceedings to claim damages. BillionLoans also reserve rights to institute proceedings in accordance with the law relating to intellectual property rights violation or infringement available to it in case the misuse of this website is a person or an entity that belongs to out of India. In any event, the jurisdiction to institute any protective proceedings shall vest with the BillionLoans within the jurisdiction of Bengaluru.
Our website users may experience difficulty in accessing website from 0300 am to 0330 am due to website updates. We apologize for the inconvenience caused to our Users.
The BillionLoans.com Service is not available to persons under the age of 21 or of unsound mind or who are declared insolvent or to any Users suspended or removed from the system by BillionLoans for any reason. Users may not have more than one active account. Additionally, Users are prohibited from selling, trading, or otherwise transferring their BillionLoans.com account to another party. If you do not qualify, you may not use the BillionLoans.com or the Site.
In consideration of your use of the Site, you represent that you are of legal age to form a binding contract and are not a person barred from receiving services or goods under the laws as applicable in India. Additionally, you are more than 21 years of age. You also agree to provide true, accurate, current and complete information about yourself as prompted by the Site's registration form. If you provide any information that is untrue, inaccurate, not current or incomplete (or becomes untrue, inaccurate, not current or incomplete), or BillionLoans has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, BillionLoans has the right to suspend or terminate your account and refuse any and all current or future use of the Site (or any portion thereof). As BillionLoans is a website that enables borrowers to find lenders and lenders to find borrowers, it considers provisions of wrong information on this web portal willingly an act that would constitute misrepresentation, fraud and cheating. If you use the Site, you are responsible for maintaining the confidentiality of your account and password, and for restricting access to your computer. You agree to accept responsibility for all activities that occur under your account or password. Because of this, we strongly recommend that you exit from your account at the end of each session. You agree to notify BillionLoans immediately of any unauthorized use of your account or any other breach of security. BillionLoans reserves the right to refuse service, terminate accounts, or remove or edit content in its sole discretion. In the event, BillionLoans finds that the information shared by the User of the website is incorrect or that the User is in breach of terms or conditions of the website or User is in default of the lenders and borrowers agreement than in such case BillionLoans may add the name and details of such person in the list of persons who are blacklisted from receiving funds or lending.
User shall be responsible for obtaining and maintaining all telephone, computer hardware and other equipment needed for access to and use of this Site and all charges related thereto. BillionLoans shall not be liable for any damages to the End User's equipment resulting from the use of this Site.
This Site and any individual sites or merchant-specific, city-specific, or state-specific sites now or hereinafter contained within or otherwise available through external hyperlinks with our Site (the "Microsites") are private property. All interactions on this Site and/or the Microsites must comply with these Terms and Conditions. Although we welcome and encourage user interaction on our Site, we do insist and require that all End Users restrict any and all activity in connection with the use of this Site and the Microsites to that which involves lawful purposes only. End User shall not post or transmit through this Site any material which violates or infringes in any way upon the rights of others, or any material which is unlawful, threatening, abusive, defamatory, invasive of privacy or publicity rights, vulgar, obscene, profane or otherwise objectionable, which encourages conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any law, or which, without BillionLoans express prior, written approval, contains advertising or any solicitation with respect to Products or Services. Any conduct by an End User that in BillionLoans exclusive discretion restricts or inhibits any other End User from using or enjoying this Site and/or any of the Microsites is strictly prohibited. End User shall NOT use this Site or any of the Microsites to advertise or perform any commercial, religious, political or non-commercial solicitation, including, but not limited to, the solicitation of users of this Site and/or the Microsites to become users of other on- or offline services directly or indirectly competitive or potentially competitive with BillionLoans.
The foregoing provisions of this Section apply equally to and are for the benefit of BillionLoans, its subsidiaries, affiliates and its third party content providers and licensors, and each shall have the right to assert and enforce such provisions directly or on its own behalf.
BillionLoans shall have the right, but not the obligation, to monitor the content of the Site at all times, including any chat rooms and forums that may hereinafter be included as part of the Site, to determine compliance with this Agreement and any operating rules established by BillionLoans, as well as to satisfy any applicable law, regulation or authorized government request. Without limiting the foregoing, BillionLoans shall have the right to remove any material that BillionLoans, in its sole discretion, finds to be in violation of the provisions hereof or otherwise objectionable.
By posting communications on or through this Site, User shall be deemed to have granted to BillionLoans a royalty-free, perpetual, irrevocable, non-exclusive license to use, reproduce, modify, publish, edit, translate, distribute, perform, and display the communication alone or as part of other works in any form, media, or technology whether now known or hereafter developed, and to sublicense such rights through multiple tiers of sub-licensees.
You agree, understand and confirm that the credit card details provided by you for availing of services on BillionLoans will be correct and accurate and you shall not use the credit card which is un-lawfully owned by you, thus you must not pay or attempt to pay for services using fraudulent credit card information. You further agree and undertake to provide the correct and valid credit card details to BillionLoans. Further the said information will not be utilized and shared by BillionLoans with any third parties unless required for fraud verifications or by law, regulation or court order. BillionLoans will not be liable for any credit card fraud. The liability for use of a card fraudulently will be on you and the onus to ‘prove otherwise’ shall be exclusively yours.
Please note that there may be certain instructions to remit payments or seek rendition of services that BillionLoans is unable to accept and these shall be cancelled. We reserve the right, at our sole discretion, to refuse or cancel any order for any reason. We may also require additional verifications or information before accepting any instruction or registering you on our 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.
BillionLoans reserves the right to recover the cost of Service(s) and Product(s), collection charges and lawyers’ fees from persons using the Site fraudulently. BillionLoans reserves the right to initiate legal proceedings against such persons for fraudulent use of the Site and any other unlawful acts or omissions in breach of these terms and conditions.
BillionLoans, its associates and technology partners make no representations or warranties about the accuracy, reliability, completeness, current-ness and/or timeliness of any content, information, software, text, graphics, links or communications provided on or through the use of the Site or that the operation of the Site will be error free and/or uninterrupted. Consequently, BillionLoans assumes no liability whatsoever for any monetary or other damage suffered by you on account of the delay, failure, interruption, or corruption of any data or other information transmitted in connection with use of the Site; and/or any interruption or errors in the operation of the Site. You expressly understand and agree that BillionLoans and its subsidiaries, affiliates, officers, employees, agents, partners and licensors shall not be liable to you for any direct, indirect, incidental, special, consequential or exemplary damages, including, but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if BillionLoans has been advised of the possibility of such damages), resulting from use of the Site, sale and supply of Products content or any related goods and services.
This limitation of liability section shall prevail over any conflicting or inconsistent provision contained in any of the documents comprising this Agreement. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
The User further with immediate effect waives any right which had accrued to him from using the website to initiate any legal action against BillionLoans. User also acknowledges that the credibility of a lender or a borrower as depicted upon the website is based on the information that is provided to BillionLoans. In case there is a non-disclosure of information to BillionLoans of the information, and the judgment of BillionLoans is impaired and the ratings or credibility of a lender or a borrower is not found to be correct, BillionLoans shall not be responsible for any claims or liabilities. BillionLoans in any event is not responsible for any default in return of money that is borrowed from the lender and the lender shall have exclusive right to initiate proceedings against the defaulter borrower. BillionLoans do provide the necessary information and support to the lender. However, lender shall not make any claim against BillionLoans and shall conduct an independent due diligence of the borrower before lending to him.
You agree to indemnify and hold BillionLoans (and its officers, directors, agents, subsidiaries, joint ventures, and employees) harmless from any claim or demand, including reasonable attorneys’ fees, or arising out of or related to your breach of this T&C, or your violation of any law or the rights of a third party including but not limited to breach of any warranties, representations or undertakings or in relation to the non-fulfillment of any of your obligations under this T&C or arising out of violation of any applicable laws, regulations including but not limited to Intellectual Property Rights, payment of statutory dues and taxes, claim of libel, defamation, violation of rights of privacy or publicity, loss of service by other subscribers and infringement of intellectual property or other rights. This clause shall survive the expiry or termination of this T&C.
If any of the Terms shall be deemed void, invalid or unenforceable for any reason, that condition shall be deemed several and shall not affect the enforceability of any remaining provision.
BillionLoans will communicate with you through any of the mode using email, SMS and telephone or all of them or any other mode. Account holders must provide a valid email address and contact telephone and/ or mobile number to BillionLoans for this purpose. Please note BillionLoans will not be able to contact the customer in case customer’s number is part of DNC (Do Not Call) list as generated by TRAI (Telecom Regulatory Authority of India). In this case we request customers to call us on our call center number.
When you use the Site or send emails to BillionLoans, you are communicating with BillionLoans electronically. You consent to receive communications from BillionLoans electronically.
From time to time, BillionLoans will also send you marketing material. If you do not wish to receive such material, you may unsubscribe from our mailing list at any time by using the unsubscribe function in the electronic marketing communication or by contacting email@example.com
You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.
The Site may provide End Users with the ability to send email messages to other End Users and non-End Users and to post messages on the Site. BillionLoans is under no obligation to review any messages; information or content ("Postings") posted on the Site by End Users and assumes no responsibility or liability relating to any such Postings.
You understand and agree not to use any functionality provided by the Site to post content or initiate communications that contain:
This prohibition includes but is not limited to:
The Site or third parties may provide links to other World Wide Web sites or resources. Because BillionLoans has no control over such sites and resources, you acknowledge and agree that BillionLoans is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such sites or resources. You further acknowledge and agree that BillionLoans shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.
Access to and use of password protected and/or secure areas of the Site is restricted to authorized Users only. Unauthorized individuals attempting to access these areas of the Site may be subject to prosecution.
ALL DETAILS OF THE MEMBERS OF THIS BILLIONLOANS WEBSITE AND THEIR FINANCIAL STATUS, INCLUDED IN OR AVAILABLE THROUGH THIS SITE ARE PROVIDED FOR USE WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, BILLIONLOANS, ITS SHAREHOLDERS, ITS HOLDING COMPANY, ITS SUBSIDIARIES, AND ITS LICENSORS DO NOT WARRANT THAT THE INFORMATION OR OTHER MATERIAL WHICH IS PLACED ON THE WEBSITE BY ANY PERSON IS CORRECT INCLUDING HIS FINANCIAL STATUS OR CAPABILITY OR HAS NOT APPROACHED THE OTHER USER OF THIS WEBSITE WITH A CRIMINAL INTENT TO EITHER CHEAT OR MISAPPROPRIATE OR DENY ANY OTHER USER OF ITS LEGITIMATE CLAIMS. BY UPLOADING ANY CONTENT, REPRESENTATION OR STATEMENT OF YOUR FINANCIAL STATUS OR YOUR PROOF OF RESIDENCE YOU REPRESENT AND WARRANT THAT YOU HAVE THE LAWFUL RIGHT TO REPRODUCE AND DISTRIBUTE SUCH CONTENT AND THAT THE CONTENT COMPLIES WITH ALL LAWS AND IS TRUE AND AUTHENTIC AND IS NOT IN ANY EVENT PLACED ON THE WEBSITE TO DEFRAUD OTHER USERS OR CREATE A FALSE IMPRESSION IN THEIR MINDS THAT YOU HAVE A SOUND FINANCIAL STATUS OR ARE REASONABLY COMMITTED TO DELIVER THE REPAYMENTS ON TIME. YOU ALSO REPRESENT THAT YOU HAVE NOT EVER BEEN ACCUSED TO ANY FRAUD, MISREPRESENTATION OR DEFAULT IN REPAYMENT OF ANY CLAIMS OR MONIES TO ANY THIRD PARTY WHETHER A FINANCIAL INSTITUTION OR NOT. YOU ALSO REPRESENT THAT THERE ARE NO OUTSTANDING DISPUTES IN CONNECTION WITH YOUR MORAL TURPITUDE OR FINANCIAL STATUS. YOU HEREBY REPRESENT AND WARRANT TO BILLIONLOANS THAT YOU ARE LEGALLY COMPETENT TO EXECUTE, BE BOUND BY AND ADHERE TO TERMS AND CONDITIONS OF TERMS AND CONDITIONS OF BILLIONLOANS. YOUR USE OF THIS SITE IS SOLELY AT YOUR RISK. YOU AGREE THAT BILLIONLOANS SHALL HAVE NO RESPONSIBILITY FOR ANY DAMAGES SUFFERED BY YOU IN CONNECTION WITH THIS SITE OR ANY CONTENT CONTAINED THEREIN OR ANY DAMAGE SUFFERED IN THE EVENT OF DEFAULT OR MISREPRESENTATION BY ANY OTHER USER OF THS WEBSITE.
UNDER NO CIRCUMSTANCES SHALL BILLIONLOANS, ITS SUBSIDIARIES, EMPLOYEES, OFFICERS, AFFILIATES, DIRECTORS, AGENTS, SUPPLIERS, SHAREHOLDERS, NON EXECUTIVE DIRECTORS OR ITS LICENSORS INVOLVED IN CREATING, PRODUCING, TRANSMITTING OR DISTRIBUTING PRODUCTS OR SERVICES ON THIS SITE, GRANTING OR RECEIVING LOAN FROM A MEMBER ASSOCIATED WITH THE BILLIONLOANS WEBSITE BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES THAT RESULT FROM EITHER MISREPRESENTATION, FRAUD, COERCION, BREACH OF TRUST, MISAPPROPRIATION, CHEATING OR FOR ANY OTHER SUCH REASON OF ITS END USERS OR OF THIRD PARTIES INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS AND LOSS OF GOODWILL OR LOSS OF INTEREST.
In case it comes to your knowledge that any member of this website has committed default or fraud or misrepresents his financial status than you may inform BillionLoans in writing and upon receipt of such information BillionLoans shall call upon such third party to explain the allegations made in your Notice and upon receipt of an explanation from such third party BillionLoans shall in its own discretion decide as to whether such a person should be prohibited from using the website.
Your use of this Site and any Term and Conditions stated in this policy is subject to laws of India.
Courts of Bengaluru will have exclusive jurisdiction of dealing with all disputes arising from use of this site.
The trademarks, logos and service marks ("Marks") displayed on the Site are the property of BillionLoans and other respective persons. End Users are prohibited from using any Marks for any purpose including, but not limited to use as meta-tags on other pages or sites on the World Wide Web without the written permission of BillionLoans or such third party which may own the Marks. All information and content including any software programs available on or through the Site ("Content") is protected by copyright. End Users are prohibited from modifying, copying, distributing, transmitting, displaying, publishing, selling, licensing, creating derivative works or using any Content available on or through the Site for commercial or public purposes.
BillionLoans reserves the right to change these Terms and Conditions of its Service without informing you. You should check our Site for any updated Terms and Conditions.
If any of these conditions are deemed invalid, void, or for any reason unenforceable, the parties agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the unenforceable condition shall be deemed severable and shall not affect the validity and enforceability of any remaining condition. From time to time BillionLoans may offer special promotional offers which may or may not apply to your BillionLoans account. To avail of such promotional offers, you agree to be bound by any additional terms and conditions for these special offers which are laid down by BillionLoans. This T&C and the relationship between you and BillionLoans will be governed by the laws as applicable in India. Any dispute(s) arising out of this T&C will be handled in the competent courts of Bengaluru, India. The failure of BillionLoans to act with respect to a breach by you or others does not waive its right to act with respect to subsequent or similar breaches. BillionLoans does not guarantee it will take action against all breaches of this T&C. Except as otherwise, expressly provided in this T&C, there shall be no third-party beneficiaries to this T&C. This T&C constitutes the entire agreement between you and BillionLoans and governs your use of the Site, superseding any prior agreements between you and BillionLoans with respect to the Site.
You can pay BillionLoans using –payments services deployed by BillionLoans from time to time. BillionLoans has also deployed a system of electronic payment of fees, the details of which are available at www.billionloans.com. All transactions are processed in INR.
BillionLoans holds the complete right to de-activate any lender/borrower on its own accord if the lender/borrower is suspected or found to be from competition engaging or trying to engage in any malicious activity