Terms and conditions given below apply equally to all loan products. At Annuityloans, we aim to provide you with the best and affordable loan solutions. For this, we abide by the following terms and conditions.
Loan approval and disbursal - Loan approval is done according to the credit purchase power of the borrower. Whatever is your repayment capacity, your loan amount will be approved accordingly. After approval, the loan amount is sent to the bank account you register with us.
Repayment schedule - By accepting the Terms and Conditions of Annuityloans, you give acceptance to the entire payment schedule. We send you repayment plans along with the loan agreement. We will send you reminders before each of due dates.
Interest rate - The rate of interest applied to the loan will be mentioned in the loan agreement. The interest rate is fixed and we will make it clear in the agreement how it alters your repayment plan.
Default and collections - In case of loan default, Annuityloans can take legal action against the borrower to collect repayments. For this we may use collection agencies.
Personal information - We respect the nature of personal information that you share with us. It is used only to process the loan. Your information is not forwarded to any third party unless there is a legal requirement.
Late payments and penalties - We may levy charges in case of late payment. Apart from this, we may also take other relevant actions to recover the dues, such as informing credit bureaus about your payment history.
Early repayment - You can make repayments before the due date without any repayment penalty if you wish. You can pay the loan partially or fully. However, if included in the terms, we may charge early repayment fee or cost. But you will be given all the information regarding early repayment fee in every situation before loan approval.
Amendments to terms - If there is any amendment in the above-mentioned Terms and Conditions, Annuityloans informs you in writing. We always send timely information about the updated terms and conditions.
By signing the loan agreement, you acknowledge and accept all these terms and conditions. If you have any doubts, you can contact us directly at any time.