Welcome to LoanABit! These Terms of Service (“Terms”) govern your access to and use of the LoanABit platform and services (“Services”). By accessing or using our Services, you agree to be bound by these Terms. If you do not agree to these Terms, please do not use our Services.
1. Overview
LoanABit is a platform that connects individuals seeking various types of financing with accredited lenders. We do not directly offer loans; instead, we facilitate the loan application process by connecting borrowers with vetted accredited lenders. Our platform aims to simplify the process of finding and applying for loans by providing access to a diverse range of financing options.
2. Eligibility
To use our Services, you must be at least 18 years old and have the legal capacity to enter into contracts. By using our Services, you represent and warrant that you meet these eligibility requirements.
3. Account Registration
In order to access certain features of our platform, you may be required to create an account. When creating an account, you must provide accurate and complete information. You are responsible for maintaining the confidentiality of your account credentials and for any activity that occurs under your account.
4. Loan Application Process
When you submit a loan application through our platform, we will connect you with accredited lenders who may be able to provide financing options based on your financial needs and qualifications. Please note that LoanABit does not guarantee loan approval or terms, as these are determined by the individual lenders.
5. Use of Services
You agree to use our Services in compliance with all applicable laws and regulations. You further agree not to:
- Use our Services for any unlawful or fraudulent purpose.
- Impersonate any person or entity, or falsely state or misrepresent your affiliation with any person or entity.
- Interfere with or disrupt our platform or servers, or disobey any requirements, procedures, policies, or regulations of networks connected to our platform.
- Collect or store personal information about other users without their consent.
6. Fees and Payments
There are no fees associated with using our platform. However, lenders may charge fees for loan origination, processing, or other services. These fees are determined by the individual lenders and are not controlled or collected by LoanABit.
7. Intellectual Property
The content, features, and functionality of our platform are owned by LoanABit and are protected by copyright, trademark, and other intellectual property laws. You may not reproduce, distribute, modify, or create derivative works of any content from our platform without our prior written consent.
8. Disclaimer of Warranties
Our Services are provided on an “as is” and “as available” basis, without any warranties of any kind, either express or implied. We do not warrant that our platform will be uninterrupted or error-free, or that any defects will be corrected. We make no representations or warranties regarding the accuracy, reliability, or completeness of any information provided on our platform.
9. Limitation of Liability
To the fullest extent permitted by law, LoanABit shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to damages for lost profits, goodwill, use, data, or other intangible losses, arising out of or in connection with your use of our platform or Services.
10. Indemnification
You agree to indemnify and hold LoanABit and its affiliates, officers, directors, employees, and agents harmless from any claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in connection with your use of our platform or Services, your violation of these Terms, or your violation of any rights of any third party.
11. Governing Law
These Terms shall be governed by and construed in accordance with the laws of United States, without regard to its conflict of law provisions. Any dispute arising out of or relating to these Terms or your use of our platform shall be resolved exclusively in the courts of United States.
12. Changes to Terms
We reserve the right to modify or update these Terms at any time. Any changes will be effective immediately upon posting on our platform. Your continued use of our Services after the posting of revised Terms constitutes your acceptance of such changes.
13. Contact Us
If you have any questions or concerns about these Terms, please contact us at contact@loanabit.com.
By using our platform, you agree to be bound by these Terms of Service. If you do not agree to these Terms, please do not use our Services.
Last updated: April 8, 2024.