Terms & Conditions — Loan Section

1. Nature of Service

CollabMate operates solely as an intermediary platform. We display personal loan offers from third-party banks and NBFCs. We are not a lender, loan originator, loan distributor, or financial advisor. We do not make any credit decisions.

2. Eligibility Information

Loan offers are grouped and displayed based on general CIBIL score ranges for the convenience of users. These ranges are approximate. The final decision on eligibility, loan amount, interest rate, and tenure rests exclusively with the lending partner.

3. Repayment Period, APR and Costs

Personal loan offers listed on this platform generally have a repayment period ranging from a minimum of 3 months (90 days) to a maximum of 5 years, depending on the lending partner. CollabMate does not list loans that must be repaid in 60 days or less.

The Annual Percentage Rate (APR) for these loans ranges from 8.9% up to a maximum of 36% per annum, or as decided by the respective lending partner. APR includes the interest rate plus applicable processing fees and other charges, calculated over one year, and varies with the lender’s policy, loan amount, tenure, income, employment type, and CIBIL score.

For example, a loan of ₹1,00,000 over 12 months at 18% p.a. with a 2% processing fee would have an approximate total cost (including interest and processing fee) of ₹1,12,000 to ₹1,15,000. This is a representative example only; the exact EMI, interest rate, fees, and total cost are shown by the lending partner at the time of application.

4. No Guarantee of Approval or Terms

CollabMate does not guarantee that any user will be approved for a loan or will receive any specific terms. Approval depends entirely on the lender’s internal credit assessment, documentation, and policies.

5. User Responsibilities

By using the Loan Apply section, the user agrees to:

• Provide accurate and complete information to the lending partner
• Read and understand the lender’s full terms, interest rates, fees, and repayment schedule before applying
• Comply with all applicable laws and the lender’s requirements

6. Fees and Charges

CollabMate does not charge any fee to users for accessing or using the Loan Apply section. Any processing fee, interest, late payment charges, or other costs are levied solely by the respective lending partner as per their policy.

7. Data and Privacy

When a user clicks on a loan offer and is redirected to a partner’s website, any personal or financial data submitted on that partner’s platform is governed by the partner’s own privacy policy and terms. CollabMate does not control or take responsibility for the data practices of third-party lenders.

8. Limitation of Liability

To the maximum extent permitted by law, CollabMate and its directors, employees, and partners shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or related to the use of the Loan Apply section or any transaction with a lending partner.

9. Modifications

CollabMate reserves the right to update, modify, or remove any loan offers, disclosures, or these Terms at any time without prior notice. Continued use of the Loan section after such changes constitutes acceptance of the updated terms.

10. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of India. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts in Kolkata, West Bengal.