Please review the Terms and Conditions before proceeding:-
The term "Application" refers to the mobile software developed by our company, designed to provide end-users with access to Only1Loan.
"Lender" refers to any bank or non-banking financial company (NBFC) with which our company has an agreement to approve, process, and disburse loans to customers through our platform.
"We" refers to Naman Finlease Private Limited, a Delhi-based NBFC established in 1997.
The term "loan" refers to the financial assistance that you can apply for through our platform. The loan is subject to approval by the Lender under specific terms and conditions.
The "Loan Agreement" is the agreement between the Lender and the customer, either in physical or digital form. The "App" represents the mobile application made available to users. The "outstanding amount" refers to the total loan, interest, and fees owed by you to the Lender by the due date. The "Platform" includes both the mobile app and the website. The "Services" pertain to the Lender’s ability to approve and provide short-term loans through our platform. "User Data" refers to any information, documents, or materials provided by you. The "Website" corresponds to the company's online platform.
Our services allow you to apply for a loan if you meet the specific criteria outlined in the app. By using our services, you agree that Only1Loan is responsible for collecting, verifying, tracking, and validating your User Data, including documents, and other information needed by the Lender to approve the loan. You give us permission to collect and store your User Data via the mobile application form available on the Platform.
To access our services, you will need to register and log in using your third-party platform account. During this process, you will be required to submit and upload your personal information, including your name, email address, gender, date of birth, contact number, password, photo, and mobile phone number. This includes financial details such as bank statements, income information, PAN card details, and credit history from credit information companies such as Credit, CRIF Highmark, Equifax, etc. By signing up, you authorize Only1Loan to verify your credit history and access this data.
You may be required to update your personal information periodically to ensure accuracy and compliance with RBI's KYC guidelines. Only1Loan undertakes all actions on your behalf with your explicit permission. Once verified, you may become eligible for loan approval, subject to the Lender's criteria. You will also need to complete additional forms such as ECS or NACH mandates, provide checks, or any other documents requested by the Lender. The company may also collect physical documents, including signatures.
The approved loan will be disbursed into your account as specified in the app. You are responsible for repaying the loan to the Lender as outlined in your sanction letter. If you uninstall or discontinue using our services, you remain responsible for any outstanding balances. You are solely accountable for all activities conducted through your User Account, and Only1Loan cannot be held liable for any consequences arising from its use. You agree to maintain the confidentiality of your account credentials.
To use the services, you must download and install the app. By accessing the services, you confirm that you are of legal age and able to understand and agree to these terms. You are granted a limited right to download, install, and use the app on compatible devices. The app is licensed, not sold, to you and is for personal use only.
By using our platform, you agree to the following:
Do not engage in any fraudulent activity or misuse the platform for illegal purposes.
Do not copy, sell, or redistribute any part of the platform.
Do not upload malicious content or viruses that could harm the platform or associated networks.
Follow all applicable laws and regulations when using the platform.
By registering with Only1Loan, you agree to respect and uphold our intellectual property rights, including any trademarks or service marks. Unauthorized use of such property may violate applicable laws.
Only1Loan reserves the right to terminate these terms under specific conditions, such as:
Violation of these terms
Legal obligations
Discontinuation of services
If terminated, your access to the platform will be revoked, and you are responsible for settling any outstanding debts.
By using the platform, you agree that the services are provided on an "as is" and "as available" basis. Only1Loan does not guarantee uninterrupted or error-free services and is not liable for any damage caused by the use of the platform.
You agree to indemnify Only1Loan, its affiliates, employees, and partners against any claims arising from your violation of these terms, misuse of the platform, or violation of any laws.
Only1Loan is not liable for any direct, indirect, or incidental damages arising from your use of the platform or services.
Only1Loan will not be liable for any disruptions caused by events outside its control, such as natural disasters or changes in regulations.
(i) Pre-Disbursement Cancellation: Cancellation is allowed if the loan has been sanctioned but not yet disbursed.
(ii) Post-Disbursement Cancellation: If cancelled within 24 hours of disbursement, the principal amount must be repaid.
(iii) Refunds for overpayments will be processed within 5-7 days.
Your personal information is collected and processed as outlined in our Privacy Policy. For more information, refer to our Privacy Policy on the website.
Only1Loan reserves the right to update these terms at any time. Continued use of the platform constitutes acceptance of these changes.
These terms are governed by the laws of Delhi, India. Any disputes will be subject to the jurisdiction of courts in Delhi.
These terms, along with the Loan Agreement, Mobile Application Form, and Privacy Policy, constitute the complete agreement between you and Only1Loan.
If you have concerns or complaints about these terms, please contact us at info@only1loan.com.