Welcome to Akhuwat Loan! These Terms and Conditions outline the rules and regulations governing your use of our website and services. By accessing this website and using our services, you agree to comply with these terms. If you do not agree with any of these terms, please refrain from using our website or services.
Akhuwat Loan reserves the right to modify or revise these Terms and Conditions at any time without prior notice. It is your responsibility to review these terms periodically for any updates or changes to ensure that you remain informed.
1. Definitions
- “Akhuwat Loan” refers to the website and services provided at Akuwat loan scheme
- “We,” “Us,” “Our” refer to Akhuwat Loan.
- “You,” “Your” refer to any user, visitor, or customer accessing our website or using our services.
2. Use of Our Website
By using our website, you agree to the following:
- You are at least 18 years old and have the legal capacity to enter into binding agreements.
- You will use the website and its services solely for lawful purposes.
- You will not engage in any activities that may disrupt the operation of the website or harm its functionality, such as introducing malware, attempting unauthorized access, or using automated scripts or bots.
3. Loan Services
Akhuwat Loan provides loan services to eligible applicants in Pakistan. By applying for a loan through our website, you agree to the following:
- You understand that loan approval is subject to meeting our eligibility criteria and providing accurate and complete information in your application.
- Akhuwat Loan reserves the right to reject or approve loan applications at our discretion without providing any justification or reason.
- Loan terms, including interest rates, repayment schedules, and other conditions, will be clearly communicated to you before finalizing any loan agreement.
- You are responsible for repaying the loan in full, including any applicable interest or fees, in accordance with the agreed repayment schedule.
4. Loan Eligibility
To qualify for a loan from Akhuwat Loan, you must meet the following criteria:
- You are a citizen or resident of Pakistan.
- You are at least 18 years of age.
- You have a valid CNIC (Computerized National Identity Card).
- You have a verifiable source of income or employment.
- You provide accurate financial information that Akhuwat Loan can verify during the application process.
Failure to meet any of these criteria may result in the rejection of your loan application.
5. Loan Repayment
Once your loan is approved and disbursed, you agree to repay it as follows:
- Repayment Schedule: Your loan will come with a specified repayment schedule, which may include monthly installments. You are obligated to follow this schedule.
- Late Payments: If you fail to make a payment on time, Akhuwat Loan may charge a late payment fee and report your default to relevant authorities, which could adversely affect your credit score.
- Prepayment: You may repay your loan before the due date without incurring any penalties. Early repayment may reduce the interest accrued on your loan.
6. Interest Rates and Fees
Akhuwat Loan offers loans with competitive interest rates. The specific interest rate, as well as any additional fees, will be clearly outlined in the loan agreement before you finalize your loan application.
- Interest Rates: The interest rates will vary depending on the loan type, amount, and duration. Interest rates are calculated based on the amount borrowed and the repayment schedule.
- Service Fees: Some loans may incur service fees, including application fees, processing fees, or late payment penalties. These fees will be communicated clearly in the loan agreement.
7. Privacy and Data Collection
Akhuwat Loan is committed to protecting your personal information. By using our services, you agree to our collection, use, and storage of your personal data in accordance with our Privacy Policy.
- We use your information to process your loan applications, verify your eligibility, and communicate with you effectively.
- We do not sell or share your personal information with third parties except as required for loan processing or legal compliance.
8. Third-Party Links
Our website may contain links to third-party websites. These links are provided for your convenience and do not signify that we endorse or take responsibility for the content or practices of these third-party websites.
You acknowledge and agree that Akhuwat Loan is not responsible for any loss or damage that may arise from your use of third-party websites.
9. Intellectual Property
All content on the Akhuwat Loan website, including text, images, logos, and design, is the intellectual property of Akhuwat Loan and is protected by applicable copyright, trademark, and intellectual property laws.
You may not reproduce, distribute, or use any part of this website for commercial purposes without our express written consent.
10. Prohibited Activities
When using Akhuwat Loan, you agree not to:
- Provide false or misleading information in loan applications or any other communication with us.
- Use our services for illegal purposes, including money laundering, fraud, or other criminal activities.
- Attempt to disrupt or interfere with the operation of our website through hacking, malware, or any other means.
- Collect or attempt to collect personal information of other users without their consent.
- Misuse or exploit our services for personal or financial gain.
Any violation of these terms may result in immediate termination of your access to our services and potential legal action.
11. Limitation of Liability
Akhuwat Loan strives to provide reliable services; however, we do not guarantee that our services will be error-free, secure, or uninterrupted. By using our website and services, you agree that:
- Akhuwat Loan is not responsible for any direct, indirect, or incidental damages arising from the use of our services.
- We are not liable for any loss of data, financial harm, or damage to your device resulting from the use of our website.
12. Termination of Service
Akhuwat Loan reserves the right to suspend or terminate your access to our website and services at any time for any reason, including but not limited to:
- Violation of these Terms and Conditions.
- Suspicion of illegal or fraudulent activity.
- Non-payment or default on loan obligations.
Upon termination, you are still responsible for repaying any outstanding loan amounts, including applicable interest and fees.
13. Governing Law
These Terms and Conditions are governed by the laws of Pakistan. Any disputes arising from your use of Akhuwat Loan’s services or website shall be subject to the exclusive jurisdiction of the courts in Pakistan.
14. Changes to Terms and Conditions
Akhuwat Loan reserves the right to update these Terms and Conditions at any time. Any changes will be posted on this page, and it is your responsibility to review the updated terms regularly. Continued use of our services after changes have been made constitutes your acceptance of the updated Terms and Conditions.
15. Contact Us
If you have any questions, concerns, or requests regarding these Terms and Conditions, please feel free to contact us:
- Email: support@akhuwatloanschemepk.com
- Phone: +92 340 1003463
- Office Address: F-6, Islamabad, Islamabad Capital Territory, Pakistan
Last Updated: October 2024
Thank you for choosing Akhuwat Loan. We are committed to providing transparent and reliable financial services.