Terms & Conditions

In these Terms & Conditions, the words such as “we”, “our”, “company”, and “us” refer to Nowofloan.com and its undertaken system. And the words such as “you” “your” refer to Nowofloan.com’s user, customer, channel partner, etc.

Here are the terms and conditions for Customers, Channel Partners, Associate Partners, Employees, and every user of our website - www.nowofloan.com. So, the terms and conditions are applied as per your role. You must read all the below-mentioned Terms & Conditions carefully.

The Company wishes to offer the services under the terms and conditions set forth and the user/customer/channel partner wishes to be associated unconditionally with these terms and conditions.

Therefore, in consideration of the agreements contained in this, the parties, intending to be legally bound, agree to the correctness and authenticity of the following details given to the company:

Information from you, such as applications or other forms (which includes your name, address, marital status, employment, assets and income); and
Information about you, your accounts, and your holdings and transactions that we receive from you or others, such as account custodians, brokers, and other financial services firms, banks, etc.

If the company by any source finds out anyone bad-mouthing or defaming the company's reputation or company's members then strict legal action will be taken against the individual or group.

We're also serious about protecting our users by addressing potential privacy concerns. Our terms and condition guidelines apply to all users across the world. These terms and conditions apply to all information, in whatever form, relating to NOWOFLOAN's business activities worldwide, and to all information handled by NOWOFLOAN, relating to other organizations with whom it deals. It also covers all IT and information communications facilities operated by NOWOFLOAN or on its behalf.

I M P O R T A N T C L A R I F I C A T I O N

Nowofloan is not any NBFC (Non-Banking Financial Company). Nowofloan only offers consultation & mediation services – meaning, Nowofloan has tie-ups with NBFCs; Nowofloan provides the service of submitting the customer file to the partnered NBFCs.

LOAN DISBURSEMENT IS DONE BY NBFC ONLY – we only provide consultation and service to customers who have purchased our membership/Finmax Plan/Nowofcredit Subscription. Nowofloan does not play any part in loan disbursement or repayment.

Once the customer file is submitted from our end, the following process will be solely between the customer and the NBFC(s).

OTP, Documents & Cyber Security

1. The company only charges the Membership/FinMax Plan/Nowofcredit Subscription/Channel Partner Code fees as per the amount mentioned on our website. No other fee/amount is charged from the customer by the company.

2. The company’s ONLY Customer Care number is 7486019373 and the official email IDs of the company are only the ones that have nowofloan.com as the domain. If you come across any other contact number/email from different domains claiming to be our company’s customer care/team member, it might be a fraud.

3. The company asks for OTP, documents, and cheques from the customer for file processing only and the company never misuses them. If anyone/company executive asks for your transaction/payment OTP or Debit/Credit/UPI/QR code/Online Banking OTP (or any other transactional OTP), then you must NOT share it. If the customer pays any charges other than the charge of the Membership/FinMax Plan/Nowofcredit Subscription/Channel Partner Code, the company won’t be responsible for any sort of loss faced by you. Just for security, after completing the loan process, the customer can go to the concerned bank and cancel their cheque. The company is not responsible if any problems/disputes arise in the future.

4. If any customer data & information, KYC documents, or OTP is misused at any point of time by any third-party – our company and its directors, employees, channel partners, or associate partners, cannot be held responsible for the same in any matter whatsoever including any loss, harm, or damage faced by the customer/user. Customers are advised to bring in their own discretion in such matters. The information provided on the website is of a financial nature. It is a mutual understanding that customers' association with the website will be at the customers’ will, preference and risk.

5. The customers/users should be aware that Nowofloan only charges the fees of Membership/FinMax Plan/Nowofcredit Subscription/Channel Partner Code whose payments are solely processed through its official domain https://nowofloan.com/. Any other third-party source (social media/emails/phone calls/websites) trying to solicit payments from the customers/users in the name of Nowofloan (or claiming to be Nowofloan’s representative) is attempting defrauding.

The above-stated points are for the benefit and awareness of our customers/website visitors. Still, if anyone faces any sort of loss by not following the above-mentioned points, our company cannot be held responsible/liable.

If you have any confusion regarding the above-mentioned points, kindly call on the company’s customer care number – 7486019373

MEMBERSHIP TERMS AND CONDITIONS:

The payment of Membership fees is refundable only in accordance with the company’s Cancellation & Refund Policy.
"Nowofloan.com" Membership is not transferable and is only valid up to its date of expiry (valid as per membership) and the membership cannot be used by any person other than the membership holder.
Renewal terms and conditions are at the discretion of "Nowofloan.com".
The Membership can only be used on/for our website.

NOWOFCREDIT SUBSCRIPTION TERMS AND CONDITIONS:

The payment of subscription fees is refundable only in accordance with the company’s Cancellation & Refund Policy.
"Nowofloan.com" Nowofcredit Subscription is not transferable and is only valid up to its date of expiry (valid as per Subscription), and the subscription cannot be used by any person other than the subscription holder.
Renewal terms and conditions are at the discretion of "Nowofloan.com".
The subscription can only be used on/for our website.

FINMAX PLAN TERMS AND CONDITIONS:

The payment of FinMax Plan fees is refundable only in accordance with the company’s Cancellation & Refund Policy.
"Nowofloan.com" FinMax Plan is not transferable and is only valid up to its date of expiry (valid as per plan) and the plan cannot be used by any person other than the plan holder.
Renewal terms and conditions are at the discretion of "Nowofloan.com".
The FinMax Plan can only be used on/for our website.

CUSTOMER TERMS AND CONDITIONS:

The payment of Membership/Nowofcredit Subscription/FinMax Plan fees is refundable only in accordance with the company’s Cancellation & Refund Policy.
The company only takes the cost of the Membership/Nowofcredit Subscription/FinMax Plan. No other tip of service is charged.
Customers can use that membership/Nowofcredit Subscription/FinMax Plan only for loan (in our partnered NBFCs) purposes with given benefits. Also, buying a Membership/Nowofcredit Subscription/FinMax Plan lets you apply for a loan and it doesn’t guarantee loan approval as the final loan approval depends on the banks and the customer profile. If the loan is rejected, you can still avail other benefits of the Membership/Nowofcredit Subscription/FinMax Plan.
If a customer is viewing any advertisement/promotional content of the company and then approaching the company thinking that he/she will get the loan approval based on the advertisement, then it must be noted that loan application will only be submitted once the customer buys Nowofloan’s Membership/Nowofcredit Subscription/FinMax Plan. Even after buying the membership/Nowofcredit Subscription/FinMax Plan, the final loan approval depends on the bank(s) and customer profile. If the customer’s profile doesn’t match loan eligibility criteria, he/she won’t be able to get a loan. Still, they can avail other benefits of the membership/Nowofcredit Subscription/FinMax Plan.
Membership/Nowofcredit Subscription/FinMax Plan can be used only by the persons who have purchased them and not by any other person(s), source or third party.
If customer reference does payment through customer own referral link which is provided by the company and if that shows in customer's portal then the only company will give the reference payout of that customer.
If the customer loan is approved in our company and he/she denies that loan approval then also membership/Nowofcredit Subscription/FinMax Plan payment would not be refundable.
If you do not give the OTP, documents, or document query for verification to the company's employee for the loan process, then your file will be rejected. (According to the criteria, if your file matches without OTP, your loan will be processed).
If a customer has any queries regarding the loan process then he/she would have to contact that department where their files are in process.
We will verify your documents in multiple banks; so whatever documents are submitted by customers in our company that will match with any bank criteria, in that bank only we will proceed with the loan process. (For example, if your file will match in 2 banks then our company's login department will log in your document only on that 2 banks. The verification is done by the company's employee and there is no proof available for the same.
The document will be verified by the company in multiple banks. If your documents match the criteria of the bank, then the login process will be done in that bank. If your documents do not match the criteria of a bank, the company will give you a solution. You can take the solution and reapply after a certain period (as per membership/Nowofcredit Subscription/Finmax Plan) - and this will be shown on the customer portal.
It is not fixed that the customer file will be logged in only in the banks listed on the company website. It may be logged in/verified in other banks also, depending on the customer file.
Our company is not taking extra charges other than membership/Nowofcredit Subscription/FinMax Plan charges. If any third-party charges you then our company is not responsible for that.
There are no processing or file charges for customer loan approval. There is only one charge and that's only for the Membership - valid as per membership (for the customers who have taken membership).
There are no processing or file charges for customer loan approval. There is only one charge and that's only for the FinMax Plan - valid as per plan (for the customers who have taken FinMax Plan).
There are no processing or file charges for customer loan approval. There is only one charge and that's only for the Nowofloan Subscription - valid as per plan (for the customers who have taken the Nowofloan Subscription).
Our company will log in customer files as per their requirements. (Example: If customer requirement is INR 1 lakh and if some bank criteria is up to INR 50,000 then we will not log in their file in that bank).
Wherever the customer file is logged in by the company, these details will not be given to any customer in written or digital form.
Loan offers and pre-approval loans process depend only on the bank's rules and that type of loan is given only on customer behaviour. So, there is so much difference between that type of process and the company's process. If that loan is rejected in our company but gets approved by another company/source then the customer can't blame our company.
Loan approval depends on your profile so if your documents are perfect and as per the bank criteria then you will get a loan through our company.
The loan information is only given to that person who has applied for the loan.
During the loan processing time, if any customer would not be in contact with us for 3 days, then that file will be rejected by our company.
If your file is rejected in our company, then the customer has to make sure that they have to re-submit their documents, with the implemented company-suggested solution, in our company after a certain period (as per the membership/Nowofcredit Subscription/Finmax plan).
The company is not responsible if the customer loan is rejected by any queries.
If the customer will apply for the first time but his/her loan is rejected in our company then the company will give them reason and solution for that. So at re-applying time if the customer will not resubmit a file with the solution implemented then the file will be again rejected in our company for the same reason. Still, the final loan approval will depend on the customer profile and the bank's criteria and rules & regulations.
The company will provide only the reason for rejection to the customer and it would not be provided in the form of hard or soft copy - it will only be shown in the customer portal. Some banks only provide general reasons, they don't give us any specific reason so the customer should not complain about that.
The customer has to give correct information about their CIBIL SCORE and PROFILE. If the customer gives wrong information, then the company will not be responsible for loan rejection.
The company will not be providing any CIBIL REPORT in digital or hard copy to any customer in any situation.
Bank charges are applicable as per banks' rules and regulations.
The company will take legal action against the customer who submitted fake documents. And the company won’t take any responsibility for the loan process in this case.
After the customer’s file is logged in, the customer has to contact only the login department and coordinate with them – not any telecaller or other department of the company. The further process has to be done according to the login department.
During the loan process if the rules of any bank change, then we have to follow those new rules.
The customer has to give their registered phone number for being contacted by the login department.
During the loan processing time, if the company gets any queries and it is not solving that in the given time, then the company has the authority to take more time to address the query. So, the customer must not complain about the same.
If the customer wants to reapply in our company after file rejection or approval, then he/she has to re-submit their documents in the customer portal.
When you are applying for a loan on our website, we are showing you only your Eligibility for the loan. So whatever details you enter on the website are accepted by software only, and that only shows your pre-approval and not your final loan approval. Approval only depends on your documents and the banks' rules and regulations. We are not giving you any guarantee for the final loan approval.
All the detailed criteria, terms, and information behind any of the company’s concise promotional content (social media ads, banners, SMS, advertisements, emails, etc.) are stated in the Terms & Conditions and Privacy Policy sections of the website. Any concerned person (customer, channel partner, employee, etc.) must check and accept all the rules and regulations before availing any of the company’s services. If any person has confusion, they can call on the company’s customer care number to gain clarity before availing company’s services.
The customer's payment is executed by third-party payment sources. So whenever payment would be received by the company then only membership/Nowofcredit Subscription/FinMax Plan or codes will be generated. If a customer's payment would be debited from his/her account but we don't receive any payment in the company's account then the company will not be responsible for that.
For any reference customer's payout, their account verification is compulsory. After verification, if the payout amount is debited from the company’s account and if it does not credit/reflect in the reference customer’s account – the company won’t be responsible for this issue.
Our company is a private limited company and we are tied up with banks and corporate DSA. We are providing loans through banks only.
Multiple partnered banks' logos are shown on our website and our promotional content across many mediums – these are shown only for our company's marketing purpose. It might be possible that certain banks, whose logos are shown on our website/promotional content, are not partnered with our company. Also, these should not be assumed as any bank's advertisement.
If anyone takes any legal action against the company then only our legal advisor would be dealing with that and Surat, Gujarat will only remain the junction for any legal procedure. No one would be able to contact any employee or director of our company.
If any person has a doubt/question regarding any of the company’s terms and conditions, they can contact the company.
The eligibility age for buying a membership/Nowofcredit Subscription/FinMax Plan is 18 - 62 years. The persons in this age bracket can avail benefits of the membership/Nowofcredit Subscription/FinMax Plan.
For the Reference Customers who have given customer referrals to the company, it would be compulsory for them to submit their Payout Documents to the company within 30 days. If not submitted, all the payouts of the Reference Customer will be automatically cancelled. To get the cancelled payout, you can contact the company and discuss it.
Every reference payout will have a deduction of 5% TDS.
For the loan process, the company will only coordinate with the person who has purchased the membership/Nowofcredit Subscription/FinMax Plan and has an ongoing loan process – the company won’t coordinate with any third party.
Every bank payout will have tax deductions as per the bank’s rules and regulations.
The Company's authorized person can change any rules and regulations at any time; the concerned person must be regularly updated with the company’s terms and conditions and has to accept them unconditionally.
The company will provide the appropriate loan services but the responsibility of customer handling will be of the reference customer.
If any bank's rules or company's rules are changing during the processing time of the loan then the customer has to follow those new rules.
The office holidays and bank holidays will not be counted as working days/business days. The company’s office work will be done on working days only.
Our promotional content may communicate messages like 'Get Personal Loan in 30 mins' or 'Get Rs.5,00,000 in 5 mins' on our company’s social media, blogs/articles, ads, websites, emails, SMS, or any other medium – it must be carefully noted that these messages are only meant for marketing and promotional purposes. All the numerical values that depict time/number of steps/number of clicks – are for marketing and promotional purposes only. The final loan approval and process depend on the customer profile and the bank/NBFCs’ rules, regulations and criteria. If you have any sort of doubt before starting the process, you can call our customer care number (10 am to 5 pm – Monday to Saturday).
As per the details/information entered by the user, even if the actual pre-approved amount is lesser than 2 Lakhs, the pre-approved amount shown on the website will be Rs.2 Lakhs (minimum). And, even if the actual pre-approved amount is more than 8.5 Lakhs, the pre-approved amount shown on the website will be Rs.8.5 Lakhs (maximum). The pre-approved amount/pre-approved loan offers are tentative – the final loan approval, loan sanction, and disbursement depend on the customer profile and the NBFCs’ rules and regulations.
The first login of the customer’s file will be handled and executed by the company. To avail the reapplying option, the customer will have to perform the self-login(s).

CHANNEL PARTNER TERMS AND CONDITIONS:

Channel Partner code charges are not refundable. It's the charge for a lifetime business opportunity (code validity as per plan).
Channel Partner will get the payout(s) as per Membership only.
Payout will be given to the channel partner as per the rules and regulations of the company. But for payout, the partner must have their invoice generated and all the payout documents submitted to the company. If there are no invoices or submission of payout documents, then the company will not be able to provide any payout.
If a channel partner's customer does payment through the channel partner's reference link which is provided by the company and if that is shown in the channel partner's portal, only then the company will give the payout of that customer.
If the channel partner is giving a file of his/her customers in our company for loan purposes, there are some criteria so the channel partner has to give a file based on that criteria. The channel partner and channel partner's customer have to agree with the decision of the login department about that file.
The channel partner's customer would not be able to visit our company. It's the partner's responsibility to take care of it.
Loan processing time might get delayed because of any public holiday, technical problems, customer issues, etc.
The company will take legal action against the channel partner who submitted fake documents. And the company won’t take any responsibility for the loan process in this case.
The Customer loan approval only depends on the customer profile and the company is not giving any guarantee for that.
The Company's authorized person can change any rules and regulations at any time; the concerned person must be regularly updated with the company’s terms and conditions and has to accept them unconditionally.
If any partner will misbehave with the company or customer - or break any of the company's rules - then the company will cancel their code.
The Company will not be providing any CIBIL REPORT in digital or hard copy to any customer in any situation.
The Company will not be providing any proof for rejection in hard or soft copy.
The Customer profile will be logged in where his/her file matches as per the customer's requirement. (Example: If customer requirement is INR 1 lakh and if some bank criteria is up to INR 50,000 then we will not log in their file in that bank.
If any third party will ask us for any details of the loan then the company will not be providing them with any information.
If any channel partner will do work against the rules and regulations of our company then the company will cancel their code.
If any bank's rules or company's rules are changing during the processing time of the loan then the channel partner has to follow those new rules.
Login department decision is final for the loan process so the customer would not be able to argue with our company.
Payout on approval will be given to the customer when the bank will provide us. But if that file would be approved through the channel partner's code then only the company will provide payout with the deduction of GST and SERVICE TAX.
The business done by the channel partner with their customer or the marketing done by the channel partner is the partner's responsibility only – in that, the company will not take any responsibility.
The Company will not take any responsibility for any fake commitments given by any channel partner to the customers.
Channel partner's customer does their payment through a third-party payment source. So whenever payment would be received by the company then only the membership/subscription or code will be generated. If the customer's payment would be debited from his/her account but we don't receive any payment in the company's account then the company will not be responsible for that.
For any channel partner's payout, their account verification is compulsory. After verification, if the payout amount is debited from the company’s account and if it does not credit/reflect in the channel partner’s account – the company won’t be responsible for this issue.
The Partner has to submit all required documents (KYC Documents) compulsorily on the Channel Partner Portal.
If the company, for any reason, gives a refund to the channel partner’s customer – then that amount will be deducted from the channel partner’s next payout.
If the channel partner would work on/undertake the ad campaign and because of any technical problem the website or portal would stop then it's not the company's responsibility. In that case, the partner has to keep updated with the company and cooperate with that technical glitch. Because of this problem if there would be any loss in partner business then it's not the company's responsibility.
If customer payment is on hold during the processing time for any reason, then the channel partner's payout of that customer would be done after receiving that customer payment.
For the Channel Partners who have given customer referrals to the company, it would be compulsory for them to submit their Payout Documents to the company within 30 days. If not submitted, all the payouts of the Channel Partner will be automatically cancelled. To get the cancelled payout, you can contact the company and discuss it.
If the channel partner would not work actively for a period of 3 months then their code will be deactivated.
Whatever documents are submitted by partners are secure in our company. If documents will be misused by any other sources in future then our company and its directors, employees, channel partners, or associate partners are not responsible for that.
Customer terms and conditions are also applicable for channel partners' customers.
If anyone takes any legal action against the company then only our legal advisor would be dealing with that and Surat, Gujarat remains the only junction for any legal procedure. No one will be able to contact any employee or director of our company.
If any person has a doubt/question regarding any of the company’s terms and conditions, they can contact the company.
Our promotional content may communicate messages like 'Earn up to ₹3 Lakhs/month' or 'Chance to earn ₹3 Lakhs', but the actual earnings done by the Channel Partner depend on the volume of membership/Nowofcredit Subscription/Finmax Plan sold to the customers through Channel Partner's referrals. If any customer through Channel Partner's reference buys the company's membership/Nowofcredit Subscription/Finmax Plan, then only the payout will be generated for the concerned Channel Partner.
Every reference payout will have a deduction of 5% TDS.
If a channel partner’s customer’s loan will be processed under/with the code by the bank, then only the payout will be given. Otherwise, the payout shall not be given.
The company will provide the appropriate loan services but the responsibility of customer handling will be of the channel partner.
Every bank payout will have tax deductions as per the bank’s rules and regulations.
The office holidays and bank holidays will not be counted as working days/business days. The company’s office work will be done on working days only.
The Channel Partner agrees not to reveal or disclose confidential information (regarding the Company’s data, practices, trade, customer information) to any third party organization or individual or group, under any circumstances. Failing in doing so might make the Company cancel the Channel Partner’s code and all due payout.
If, by any source, the Company comes to know that the Channel Partner is selling/trading/revealing the Company data (including customer data) to any third party organization or individual or group, the Company will cancel the Channel Partner’s code and take appropriate actions (including legal actions) against the Channel Partner.
If the Channel Partner, for any purpose, wants to use the Company trademark/logo/brand name – the Channel Partner will have to take a written permission letter from the Company.
If the Company, by any source, comes to know that the Channel Partner is using the Company trademark/logo/brand name without prior written permission – the Company might set up an inquiry and take appropriate actions (including legal actions) against the Channel Partner.
If any dispute arises between the channel partner and their customers or any third-party, the company will take no responsibility in such cases. The company cannot be held responsible for such matters.
The Company will have no responsibility for the promotions conducted and undertaken by the Channel Partner. The Channel Partner agrees that the promotions done by them are at their own risk, and the Channel Partner cannot hold the Company responsible for any sort of losses faced due to the promotions.

REFERENCE TERMS AND CONDITIONS:

Reference payout would be given to reference customers as per rules and regulations of our company.
Our company will give payout only on membership/Nowofcredit Subscription/Finmax Plan; it does not depend on the reference customer's loan approval or rejection.
Whether the customer loan will be approved or not depends on the customer profile and the company does not give any guarantee for that.
If customers are giving a reference in our company for loan purposes, for that we have some criteria. The customer has to give a reference based on that criteria. The company is not giving you any type of guarantee for the loan approval in any situation at any cost so customers who give a reference have to agree with the decision of that file's login department.
The company will take legal action against the reference partner/customer who submitted fake documents. And the company won’t take any responsibility for the loan process in this case.
The Customer's terms and conditions are also applicable for the reference person's customers.
Reference customer's payment is done through third-party payment sources. So whenever payment would be received by the company then only the membership/subscription or code will be generated. If the customer's payment is debited from his/her account but the company doesn't receive any payment in the company's account then the company will not be responsible for any queries.
During loan offers, if any reference person will do the online loan process then the company will give the payout up to 60% per membership/subscription to the reference person. But before that, invoice generation is most important for any payout process.
If the customer of reference will do an online process then the customer's payout will be given to the referral partner. But during processing time, if the company would refund that amount to the customer for any reason, then that customer's payout will be cut out from the reference person's next payout.
Whatever documents are submitted by a reference person, they will be secure in our company. If documents will be misused by any other sources in future then our company and its directors, employees, channel partners, or associate partners are not responsible for that.
For the Reference Customers who have given customer referrals to the company, it would be compulsory for them to submit their Payout Documents to the company within 30 days. If not submitted, all the payouts of the Reference Customer will be automatically cancelled. To get the cancelled payout, you can contact the company and discuss it.
If anyone takes any legal action against the company then only our legal advisor would be dealing with that and Surat, Gujarat remains the only junction for any legal procedure. No one can contact any employee or director of our company.
If any person has a doubt/question regarding any of the company’s terms and conditions, they can contact the company.
Every reference payout will have a deduction of 5% TDS.
The office holidays and bank holidays will not be counted as working days/business days. The company’s office work will be done on working days only.
The Company will have no responsibility for the promotions conducted and undertaken by the Customer Reference. The Customer Reference agrees that the promotions done by them are at their own risk, and the Customer Reference cannot hold the Company responsible for any sort of losses faced due to the promotions.

GENERAL TERMS AND CONDITIONS:

If the login department fails to solve the customer queries with accuracy, dedication and responsibility, then the login department agency will be cancelled by the company.
The Customer's loan process will take more days due to any festival.
If anyone has GST then they have to add the GST number in their portal so that the company can provide a GST Return to them. If you haven’t received your GST Return – you can raise a request or call on company’s customer care number between 10 AM to 5 PM (Monday to Saturday – only business days).
The Company is using Blogs for their advertising, so that content could be of the third party, so the company doesn't take guarantee of the information to be correct or incorrect.
If customers, employees, channel partners, any other person, or any other party has a problem with the company then they have to inform that problem to our company through notice; so, we can try to give you a solution of that but after that, any of them want to take a legal action then they have to inform the company through notice. Only then, the legal process will be started.
If customers, employees, channel partners, any other person, any other third party has a problem/dispute/misunderstanding with the company, the right to take the final decision over the concerned issue is reserved with the company and the concerned person will have to accept the solution provided by the company.
The documents, cheques, and OTP that the company's employee asks the customer is for the processing of the loan, the company is not responsible if any problems/disputes arise in the future.
During any process on the website, if there is any kind of mistake that happens due to the software or website technical problems, the final decision on such disputes can only be taken by the company and it has to be accepted by anyone concerned.
The Company's authorized person can change any rules and regulations at any time; the concerned person must be regularly updated with the company’s terms and conditions and has to accept them unconditionally.
All the commitments made by the company’s employees (any employee/person from the company), telecallers, or salespersons, etc. should be cross-checked by any concerned person (customer/channel partner) from the Terms & Conditions section of Nowofloan.com before availing any of the company’s services. Only the rules and regulations stated on the company website will be considered official.
All the detailed criteria, terms, and information behind any of the company’s concise promotional content (social media ads, banners, SMS, advertisements, emails, etc.) are stated in the Terms & Conditions and Privacy Policy sections of the website. Any concerned person (customer, channel partner, employee, etc.) must check and accept all the rules and regulations before availing any of the company’s services. If any person has confusion, they can call on the company’s customer care number to gain clarity before availing company’s services.
If any Channel Partner/Customer Referral’s customer gets a refund (due to any dispute like payment gateway problem or any other issue) then the referral payout will not be provided (if provided, it would be deducted from the next payout of the channel partner or customer referral).
While generating the payout for Channel Partners or Customer Referrals, the company uses a third-party payment gateway. So, if the payout is stuck and put on hold due to any payment gateway issue (or any other issue), then the payout would be delayed and all the terms and conditions of the third-party payment gateway would be applied. In such cases, the payout will be released only when the third-party payment gateway releases the stuck payment. In case of a payout dispute with any bank, the bank’s criteria will be applied and the payout will be released only when the bank approves the payment.
If there is any dispute that arises between any concerned user (channel partner, customer, customer referral, etc.) and the company, their account will be disabled immediately by the company. In such a case, the user would be needed to contact the company for any query.
All of the promotional content put and shared by the company, either on its website or any platform, is only for advertisement purposes. Any person should not assume it as the final loan approval or details of the loan. The final loan approval and specifics of the loan depend on the rules and regulations of various banks (or the concerned bank) and the customer profile. Every customer, channel partner, or any other user must accept this clause and consider the bank’s loan processing time only.
The loan-related figures, rates, and information used in the promotional content of the company are general and for promotional purposes. The final nature and specifics of the loan in terms of the loan amount, interest rate, repayment tenure, loan processing fees, loan insurance, etc., depends solely on the customer profile and the rules and regulations stated by the concerned bank. The final loan details depend on the criteria set by the concerned bank(s).
Nowofloan's company name, logo, content, business concept, software and system, pattern, website structure and design, and business process and offers are copyrighted with the company. If any individual or organization uses/copy any of the above-mentioned by even 1%, legal action may be taken against them.
If any person (customer, channel partner, employee, etc.) is involved in any of the company's processes then the company is authorized to record the phone calls with that person.
If any customer applies for a loan in our company and if any other external person/organization commits fraud with that customer in terms of taking money from you or in any other way then, it will not be the company and its directors, employees, channel partners, or associate partners' responsibility for any kind of loss faced by the customer.
Whatever loan offer is given to the customer is according to the customer profile. The customer will have to compulsorily accept the loan offer – he/she cannot deny the loan offer.
The company has full authority to use the customer’s information for purposes such as testimonials, advertisements, marketing, SMS, etc. The customer agrees that regulations of Do Not Disturb(DND)/National Do Not Call(NDNC) won’t be applied in such practices.
If any person (user, customer, channel partner, etc.) visits our website and indulges in any activity – like clicking a button, link, filling forms, or any other activity on the website, it will clearly mean and express that the person agrees to and acknowledges all terms & conditions, rules & regulations, and policies of the company.
After the loan approval, the bank charges will be applied as per the bank’s rules and regulations.
No customer can contact the bank’s employees to inquire about/get any information on the loan file processes.
The customer, whose loan has been approved, must read and understand the bank agreement and the bank’s terms and conditions carefully. After the loan process is done, the company can’t be held responsible or liable for anything.
The company will take legal action against the customer, channel partner, reference customer, or any other person who submitted fake documents. And the company won’t take any responsibility for the loan process in this case.
Multiple partnered banks' logos are shown on our website and our promotional content across many mediums – these are shown only for our company's marketing purpose. It might be possible that certain banks, whose logos are shown on our website/promotional content, are not partnered with our company. Also, these should not be assumed as any bank's advertisement.
If anyone takes any legal action against the company then only our legal advisor would be dealing with that and Surat, Gujarat will only remain the junction for any legal procedure. No one would be able to contact any employee or director of our company.
Any wrong/fake commitment or vocal statement given by the company’s employees, channel partners, etc. would be considered invalid. Only the solutions or solution-related vocal statements would be considered valid. All the company’s Terms & Conditions, Privacy Policy, Disclaimer, all other rules will be final and have to be followed.
If any person has a doubt/question regarding any of the company’s terms and conditions, they can contact the company.
The office holidays and bank holidays will not be counted as working days/business days. The company’s office work will be done on working days only.
Loan processing time might get delayed because of any public holiday, technical problems, customer issues, etc.
The Company will not be providing any proof for rejection in hard or soft copy.
It might be possible that the content/figures/information shown on our website are not updated. So, to get the exact information regarding any of our website’s content, Terms & Conditions, Privacy Policy, Disclaimer, etc., you can call on our customer care number.
After the purchase of the Membership/Nowofcredit Subscription/FinMax Plan or Channel Partner Code, the Company Executive will call the concerned person within 24-48 hours (it could be delayed due to any reason) for the loan process or code process. If the concerned person doesn’t get a call, they can call on the company’s customer care number.
If the login process is going on and there has been no response from the login department, then the customer can call on the company’s customer care number.
The content and any process on the website can be changed or modified at any instance. So, the older version of the content and process won’t be functional, valid, or a subject of argument for any person – and the customers, channel partners, users, etc. have to stay timely updated and accept all the changes unconditionally. Only the current content and process of the website will be considered valid.
By accessing our website, you affirm your age as 18 years or more. If you’re someone below 18 years, we advise you not to access our website or the services.
Any processes regarding the loan or channel partner code might get delayed due to public holidays, technical problems/software issues, etc.
In case the update email/message regarding the processes of loan or channel partner code is not received by the customer or channel partner due to a delay because of technical problems, software issues, or any other issue – they can call on the company’s customer care between 10 AM to 5 PM (Monday to Saturday – only business days).
In case the user, channel partner, customer, any other person, or organization has a query/problem/issue or wants to raise a dispute with the company – they can either raise a request ticket or call on the company’s customer care number between 10 AM to 5 PM (Monday to Saturday – only business days).
Due to a software/system issue, it might happen that the dates mentioned in the Loan Status are late by 3-4 days.
To get the TDS Return, the channel partner or reference customer has to submit all the details/documents asked in their portal. Note: The TDS Return will be given starting from the financial year in which all the details/documents are submitted. The TDS Return won’t be provided for the financial year(s) that are prior to the financial year in which the details/documents were submitted.
The general criteria to apply for a personal loan by a salaried individual are – Min. Age: 21 years; Min. Salary: Rs.15,000/month (credited in the bank account); Salary Slips available; and Job Stability proof available. Final loan approval completely depends on the customer profile and the bank’s rules and criteria.
The general criteria to apply for a personal loan by a self-employed individual are – Min. Age: 21 years; IT Returns available (min. 1 year); Business Stability proof available; and Current Account in a bank. Final loan approval completely depends on the customer profile and the bank’s rules and criteria.
The general criteria to apply for a business loan by a small business person are – Min. Age: 21 years; IT Returns available (min. 1 year); and Business Stability proof available (min. 1 year). Final loan approval completely depends on the customer profile and the bank’s rules and criteria.
The general criteria to apply for a business loan by an audited report business person are – Min. Age: 21 years; Min. Rs.1 Crore+ Yearly Turnover; and Min. 2 Years Audited Report. Final loan approval completely depends on the customer profile and the bank’s rules and criteria.
The eligible age for buying a membership/Nowofcredit Subscription/FinMax Plan is 18 - 62 years. The persons in this age bracket can avail benefits of the membership/Nowofcredit Subscription/FinMax Plan offered by the company. The company only offers membership/Nowofcredit Subscription/FinMax Plan and provides its benefits to the customers. The final loan approval depends on the customer profile and the bank’s rules and criteria.
For the Channel Partners or Reference Customers who have given customer referrals to the company, it would be compulsory for them to submit their Payout Documents to the company within 30 days. If not submitted, all the payouts of the Channel Partner/Reference Customers will be automatically cancelled. To get the cancelled payout, you can contact the company and discuss it.
Any information/flow/system regarding our website shown in the videos posted on social media (or any platform) may be inaccurate, outdated, or different from our actual website. Only the most updated version of the website, terms & conditions, and other policies shall be valid.
All the KYC documents submitted by the customer remain in our system for a span of 7 days only. After which, the documents get removed from the system.
The minimum eligible amount shown by our system is Rs.1,00,000 and the maximum eligible amount is Rs.50,00,000. So, based on the details entered by the customer, even if the eligible amount is less than Rs.1,00,000, our system will show the eligible amount as Rs.1,00,000. Even if the eligible amount is more than Rs.50,00,000, our system will show the eligible amount as Rs.50,00,000 only.
The banks’ logos used in our ads, social media posts, blogs, emails, or any other medium is for promotional purposes only. The process will be done in that bank only under whose criteria the customer profile gets matched. The final loan approval and final loan process completely depend on the customer profile and the bank’s criteria and rules and regulations.
The banks’ logos shown on our website and the pre-approved offer displayed on our website are tentative only. The process will be done in that bank only under whose criteria the customer profile gets matched. The final loan approval and final loan process completely depend on the customer profile and the bank’s criteria and rules and regulations.
By purchasing the company’s membership/Nowofcredit subscription/FinMax Plan, the customer is applying to get the company’s services. All the benefits of the membership/Nowofcredit Subscription/FinMax Plan will be given to the customer by the company.
If any customer data & information, KYC documents, or OTP is misused in future by any third-party, our company and its directors, employees, channel partners, or associate partners, cannot be held responsible for the same in any matter whatsoever including any loss, harm, or damage due to the usage of information from the portal. Customers are advised to bring in their own discretion in such matters. The information provided on the website is of financial nature. It is a mutual understanding that customers association with the website will be at the customer's will, preference and risk.
If any customer’s documents are found to be fraud by the bank/financial institution or there’s any sort of an issue with any customer’s repayment of the loan to the banks/financial institution – then these matters have to be solely between the customer and the bank/financial institution. Our company and its directors, employees, channel partners, or associate partners cannot be held responsible in such cases. If the customer documents are found to be fake and fraud and are used anywhere for any purpose, the company cannot be held responsible for the same.
If any third-party gets a loan approved on someone else’s identity and documents, then our company and its directors, employees, channel partners, or associate partners cannot be held responsible.
If any of the company’s customers or any third-party wants a legal course, action and proceedings with the company, then only the company’s legal team can be involved. There will absolutely be no involvement of the company’s directors, channel partners, associate partners, or employees in any legal proceeding. For any legal action or proceeding involving our company, Surat, Gujarat shall remain the only jurisdiction.
TDS will be given only to the ones whose referral payout has been generated. If your TDS is deducted, you can contact your CA. If your TDS has been deducted and it’s not showing, then you can contact the company’s customer care number between 10 AM to 5 PM – Monday to Saturday (only business days).
If any person enters incorrect information and starts the loan process on our website, and if this leads to any sort of a fraud in future, the company, its directors, employees, channel partners, associate partners cannot be held responsible for the same.
The pre-approved loan offers shown are from those banks/NBFCs that have eligibility criteria to which the customer’s profile matches (profile evaluated as per the information entered by the customer). These pre-approved loan offers are tentative only – the final loan approval, loan sanction, and disbursement depend on the NBFC(s) and their rules and regulations. The company will only log in the customer’s file in those NBFCs with which the company has tie-ups/partnerships/collaborations and where the customer’s profile matches the NBFC eligibility criteria.
Our company’s services are strictly for the residents of India only – not for the non-residents. If any non-resident purchases our membership/Nowofcredit Subscription/FinMax Plan, they can request for a refund as per the company’s Cancellation & Refund Policy.
In case a customer has mistakenly made more than a single payment, the customer will be eligible to get a refund. The customer will have to request a refund within 48 hours of the payment through the Raising A Request section of the website or by calling on the company’s registered contact number.
In case a customer has bought Subscriptions/Memberships from multiple companies that belong to our group of companies, the customer will be eligible to get a refund. The customer will have to request a refund within 48 hours of the payment through the Raising A Request section of the website or by calling on the company’s registered contact number.
The customers/users should be aware that Nowofloan only charges the fees of Membership/FinMax Plan/Nowofcredit Subscription/Channel Partner Code whose payments are solely processed through its official domain https://nowofloan.com/. Any other third-party source (social media/emails/phone calls/websites) trying to solicit payments from the customers/users in the name of Nowofloan (or claiming to be Nowofloan's representative) is attempting defrauding.
By getting registered with Nowofloan, you confirm that the information/details provided by you here are correct and accurate. You authorise Nowofloan and its authorized representatives to contact you for queries, OTP and document collection for the loan application process. This will override the registry on Do Not Disturb(DND) / National Do Not Call(NDNC). You can unsubscribe from our communication by mailing us your details to info@nowofloan.com. The OTP and document collection are only for loan application in our partnered NBFC(s). If any misuse/fraud is done with your documents/OTP at any point in time, Nowofloan cannot be held responsible for any sort of loss/damage.

PRE-APPROVAL LOAN OFFER TERMS AND CONDITIONS:

The Pre-Approved Loan Offer and the amount mentioned in it are solely shown based on the software calculation done on Monthly Income and Current Monthly EMI entered by the person. This ‘Pre-Approved Loan Offer’ is tentative and not the final loan approval (this is already mentioned on the Pre-Approved loan Offer page) – as the final loan approval is given by the bank only; based on the bank’s rules and regulations and the customer profile. And this is clearly stated in the company’s Terms & Conditions which is agreed by the person before registration.

Here’s an example to know how the ‘Pre-Approved Loan Offer’ is shown:

Consider that a person (named ‘Raj’) enters the following details in our website:

Monthly Income: Rs.1,00,000

Current Monthly EMI: Rs.30,000

Based on these details, Raj is left with Rs.70,000 in hand (deducting current EMI) every month. So, according to the general rules of the banks, the EMI of 50% of the in-hand amount can be approved. So, the loan amount that allows a maximum of Rs.35,000 (70,000/2) EMI can be approved. And based on the EMI and rate of interest (12.5% tentatively), the eligible amount is shown in the Pre-Approved Loan Offer. And based on this Rs.1982/lakh EMI is shown.

CANDIDATE TERMS AND CONDITIONS:

The interview time is fixed.
The interview can't be taken any other time than the time decided by the company.
The Company can ask any questions in the interview.
The candidate will have to appear for the interview as many times as the company asks.
A resume (Xerox) will be mandatory for the interview. The resume will not be returned. There will be no misuse of the resume.

USAGE OF COOKIES / COOKIES POLICY

Cookies are small files that a site or its service provider transfers to your computer's hard drive through your web browser with your permission which enables the site or service provider's systems to recognize your browser and capture and remember certain information. We use cookies to help us understand and save your preferences for future visits, keep track of advertisements and compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future.

The user, customer, channel partner, or any other person accessing our website clearly expresses and agrees that they have fully read and understood the Terms & Conditions and Privacy Policy of Nowofloan.com – and they accept them unconditionally.