Terms of Use
Effective: July 23, 2023
By accessing the Mobile Application (the “Mobile App” or "App"), you agree to be bound by these terms and conditions.

Loan Connection Platform

Our platform for connecting borrowers (referred to as the "Platform") links consumers to potential lending institutions within our affiliated network ("Affiliate Lenders"). To access our services, you are required to fill out an online application form ("Application"). This form will ask for various personal details, including but not limited to your name, address, phone number, email, social security number, banking details, and employment status. Our handling of this data is in line with the Privacy Policy of the Platform, which is integrated into these Terms of Service.

Credit Evaluation

Once your Application is submitted, the Platform forwards your details to our Affiliate Lenders. Submitting an Application signifies that you're seeking credit offers from these lenders. You also consent to being contacted by the Platform and Affiliate Lenders through various means, including but not limited to email, phone calls, SMS, or postal mail, to facilitate the processing of your Application or to provide you with future offers.

We do not act as a lender and do not engage in loan approvals or credit assessments. The Platform cannot assure you that you will receive a loan offer from any Affiliate Lender, nor can it guarantee specific loan conditions or terms. The Platform also does not assure that the lending terms you receive are the most competitive available.

Upon receiving your Application, Affiliate Lenders assess it in real-time based on their specific underwriting requirements. These lenders may conduct a credit inquiry, either by utilizing major credit bureaus ("Hard Inquiry") or alternative data sources ("Soft Inquiry"), and may cross-verify your information against national consumer databases. By submitting the Application, you permit Affiliate Lenders to carry out these evaluations.

If an Affiliate Lender decides that you meet their criteria, you will be directed to their website. From that point on, interactions concerning the loan application and approval are between you and the lender, governed by their privacy policy and other terms.

You are responsible for ensuring that the information you submit via your Application is both accurate and honest. Providing inaccurate or false information may result in denial, suspension, or termination of your access to the Platform’s service.

APR Factors

The Annual Percentage Rate (APR) varies based on multiple factors such as income stability, creditworthiness, and transaction type. It ranges from 5.99% to 35.99%, including nominal interest and premiums from 16% to 26%. Late payment penalties only apply in cases of payment delays. Loans can be repaid within a timeframe of 60 days.

The amount you borrow, the loan term, and the APR collectively determine your total repayment amount. Repayment conditions and APR are subject to individual financial standing, including employment and income, among other determinants. APR is a measure of the cost of borrowing and represents the interest that accrues over the duration of the loan.

The Platform does not guarantee that the loan terms you are offered are the best available. If you're unable to meet your payment obligations, consult your lender to discuss alternative repayment options.

Example: Borrowing 500 USD for a 5-month term at an APR of 15% will result in monthly payments of 103.78 USD. The total repayment will be 518.90 USD, with interest charges amounting to 18.90 USD.

Service Accessibility

The Mobile App reserves the right to alter features, information, or functionalities of the Service without giving prior notice. Access to all or part of the Service may be restricted by the Mobile App without warning. The Mobile App shall not be held accountable for any disruptions or delays in the Service caused by inaccuracies in the Application information you provide or by technical issues beyond its reasonable control.

Liability & Warranty Disclaimers

THE MOBILE APP OFFERS NO GUARANTEES, EITHER DIRECT OR IMPLIED, REGARDING ANY ASPECT OF THE WEBSITE, INFORMATION, SOFTWARE, PRODUCTS, OR SERVICES PROVIDED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF OWNERSHIP, NON-INFRINGEMENT, SUITABILITY FOR A SPECIFIC PURPOSE, OR MERCHANTABILITY.

THE MOBILE APP DOES NOT WARRANT THE EFFICACY OR RESULTS OF USING THE APP OR THE ASSOCIATED SERVICES. ALL USE IS AT YOUR OWN RISK.

NEITHER THE MOBILE APP NOR ANY OF ITS ASSOCIATES, INCLUDING LENDER PARTNERS, ADVERTISERS, OFFICERS, DIRECTORS, AGENTS, OR EMPLOYEES, SHALL BE RESPONSIBLE FOR ANY KIND OF DAMAGES, WHETHER DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL, OR PUNITIVE, ARISING FROM OR RELATED TO YOUR USE OF THE APP OR THE SERVICE.

Liability Exclusions

The Mobile App does not endorse any particular lender’s products. It serves merely as an intermediary between you and various lenders. Any grievances or issues you have regarding the services provided by a lender should be resolved directly with the said lender. The Mobile App holds no responsibility for any damages or costs arising from your use of the Service. It should be noted that lenders may retain your application information, regardless of whether you qualify for a loan with them.

Indemnification Clause

By utilizing the App or its Services, you agree to indemnify the Mobile App and its Lender Partners against any liabilities, expenses (including legal fees), and damages resulting from claims stemming from your use of the App.

Third-Party Links

The Mobile App may feature links to websites managed by Lender Partners or other third parties for your convenience and information. Control over the content on these third-party sites is not exercised by the Mobile App.

Dispute Settlement

Any disputes or claims associated with the use of the Mobile App or its Services will be resolved through binding arbitration, following the existing commercial arbitration rules of the American Arbitration Association. Arbitrators shall not award damages beyond actual compensatory damages and cannot grant consequential, punitive, or exemplary damages.

By accepting these terms, you waive your right to resolve any disputes through a court of law or a jury. Additionally, you forfeit your right to participate in or initiate class actions.

Statute of Limitations

Any claims related to the use of the Service must be filed within one year after the claim or cause of action has arisen, or it will be permanently barred, irrespective of any contradicting statutes or laws.

Text Message Terms

By providing a mobile number, you opt in to receive SMS messages from the Mobile App and its Lender Partners. Carrier message and data rates may apply. The Mobile App holds no liability for fees charged by your mobile service provider or for delayed or undelivered messages.

General Provisions

These Terms represent the entire agreement between you and the Mobile App. In case any section of these Terms is found to be unenforceable, that part will be replaced with a provision that most closely aligns with the original intent, and the remainder of the Terms will continue to be effective. The Mobile App's failure to enforce any part of these Terms will not constitute a waiver. Changes to these Terms can be made by the Mobile App at any time by posting updated terms on its website. Such changes become effective immediately upon posting.