These Terms of Service govern your access to and use of the LoanMarg mobile application, operated by TOUCOLOR TECHNOLOGIES PRIVATE LIMITED. By installing or using the application, you agree to be bound by these Terms. If you do not agree, you should discontinue use of the application.
LoanMarg is a digital interface that connects users with loan-related services offered by regulated financial institutions. The application enables users to review eligibility, access an assigned borrowing limit, initiate fund requests, and monitor account activity.
The platform operates solely as a technology facilitator and does not independently provide lending services.
Services available through LoanMarg are based on a pre-approved revolving borrowing arrangement.
Assigned Limit
Users may be granted a maximum usable limit determined by the lending partner.
Flexible Usage
Funds can be accessed in parts within the available limit, subject to applicable conditions.
Reusable Capacity
As repayments are made, the available limit may be restored for future use.
Applicable Charges
Interest and related fees apply only to the utilized amount and for the duration it remains outstanding.
TOUCOLOR TECHNOLOGIES PRIVATE LIMITED provides and maintains the LoanMarg platform but does not:
All such decisions and actions are managed by the partnered lending institution.
Loan services accessed through LoanMarg are provided by regulated financial entities, including Non-Banking Financial Companies (NBFCs) operating under applicable Indian regulations.
Any loan agreement is established directly between the user and the lending institution. LoanMarg is not a party to such agreements.
By using LoanMarg, you confirm that:
You are responsible for maintaining the confidentiality of your account credentials and for all activities conducted under your account.
Any unauthorized use must be reported promptly.
Information submitted or generated through the use of LoanMarg may be used for purposes including identity verification, fraud prevention, credit assessment, and service improvement.
Details regarding data collection and processing are provided in the Privacy Policy, which forms an integral part of these Terms.
Users agree not to:
Failure to comply may result in restricted or terminated access.
While reasonable efforts are made to maintain uninterrupted access, LoanMarg may experience downtime due to maintenance, system updates, network issues, or circumstances beyond control.
Such interruptions do not constitute a breach of these Terms.
To the extent permitted by law, TOUCOLOR TECHNOLOGIES PRIVATE LIMITED is not responsible for:
Nothing in these Terms limits liability where such limitation is not legally permitted.
Access to LoanMarg may be suspended or discontinued where:
Termination may occur without prior notice where necessary.
These Terms may be revised periodically to reflect changes in regulatory requirements, business operations, or system functionality. Updated versions become effective upon being made available within the application.
These Terms are governed by the laws of India. Any disputes arising from the use of LoanMarg shall fall under the jurisdiction of the appropriate courts in India.
TOUCOLOR TECHNOLOGIES PRIVATE LIMITED
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