FLOCRED is a loan aggregation and financial services platform — NOT a bank, NBFC, or direct lender. Please read this disclaimer carefully before using our services.
1. General Disclaimer
The information provided on the FLOCRED website (flocred.com), mobile application, and related services ("Platform") is for general informational purposes only. While we strive to keep the information accurate and up-to-date, FLOCRED Private Limited (CIN: U67100DL2022PTC400764) makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information, products, services, or related graphics contained on the Platform.
2. Not a Financial Advisor
FLOCRED does NOT provide financial, investment, tax, or legal advice. The content on our Platform, including interest rate comparisons, EMI calculations, credit score information, and product descriptions, is provided for informational and educational purposes only.
- We do not recommend any specific financial product, bank, NBFC, or insurance company
- Any financial decision you make based on information from our Platform is at your own risk
- We strongly recommend consulting with a qualified financial advisor, chartered accountant, or legal professional before making any financial decisions
- Past performance of any financial product does not guarantee future results
3. Loan and Financial Product Disclaimer
FLOCRED is a facilitator, not a lender. Important points to understand:
- All loan products are offered by our partner banks and NBFCs, not by FLOCRED
- Loan approval, interest rates, processing fees, and terms are determined solely by the respective Lending Partner
- FLOCRED does not guarantee loan approval for any applicant
- The interest rates displayed on our Platform are indicative and subject to change without notice
- Actual rates offered may vary based on your credit profile, income, employer, location, and the Lending Partner's policies
- Submitting an application through FLOCRED does not constitute a binding agreement for a loan
- FLOCRED is not responsible for any actions, decisions, or omissions of Lending Partners
4. Interest Rates and EMI Calculator Disclaimer
Interest rates shown on FLOCRED are indicative only and may not reflect the actual rate offered to you by a Lending Partner.
- Rates displayed are sourced from publicly available information and Lending Partner communications
- Rates are updated periodically but may not reflect real-time changes
- The EMI calculator provides approximate figures for planning purposes only
- Actual EMI amounts may differ based on the Lending Partner's calculation method, processing fees, insurance charges, and other applicable costs
- The calculator does not account for prepayment charges, late payment fees, or other ancillary charges
5. Credit Score Disclaimer
- Free credit score checks on FLOCRED provide an estimated score based on PAN verification. This is not an official credit bureau score.
- For official scores, users may purchase detailed reports from Experian or Equifax through our Platform at ₹40 per report
- Credit scores are provided "as is" by the respective credit bureau and FLOCRED is not responsible for their accuracy
- Your credit score may vary across different credit bureaus (CIBIL, Experian, Equifax, CRIF)
- CIBIL Boost recommendations are suggestions only and do not guarantee any improvement in your credit score
- FLOCRED is not affiliated with or endorsed by TransUnion CIBIL, Experian, or Equifax unless explicitly stated
6. EMI Holiday Program Disclaimer
- The "Holiday In EMI" program is subject to approval by the respective Lending Partner
- Not all loans or borrowers are eligible for the EMI Holiday
- Interest typically continues to accrue during the holiday period, which may increase the total cost of your loan
- The EMI Holiday does not constitute a waiver of any payment obligation
- Terms and availability may change without prior notice
7. EquityShield Program Disclaimer
- EquityShield is a facilitation service and does not guarantee the sale of any property at any specific price
- FLOCRED does not provide legal advice regarding NPA properties or SARFAESI proceedings
- Users should seek independent legal counsel before participating in the program
- Property valuations are estimates and may not reflect actual market conditions
- FLOCRED is not responsible for any loss or damage arising from participation in the EquityShield program
8. NRI Services Disclaimer
- NRI loan services are currently in "Coming Soon" status and may not be available in all regions
- Exchange rates displayed are sourced from third-party APIs and are for informational purposes only
- Actual exchange rates for loan transactions will be determined by the respective Lending Partner at the time of disbursement
- NRI applicants are subject to additional KYC requirements and regulatory compliances
- FLOCRED is not responsible for currency fluctuation risks
9. Exchange Rate Disclaimer
Exchange rates displayed on the Platform (USD/INR, GBP/INR, AED/INR, etc.) are:
- Sourced from third-party open exchange rate APIs
- Updated periodically (approximately every 30 minutes) and may not reflect real-time market rates
- For informational purposes only and should not be used for actual currency conversion decisions
- Not guaranteed for accuracy or completeness
10. Insurance Disclaimer
Insurance products displayed on FLOCRED are offered by third-party insurance companies. FLOCRED acts as a facilitator only. All insurance policies are subject to the terms, conditions, and exclusions of the respective insurance company. FLOCRED does not underwrite or guarantee any insurance coverage.
11. No Guarantee of Results
FLOCRED does not guarantee:
- Loan approval or rejection
- Specific interest rates, loan amounts, or tenures
- Improvement in credit scores through CIBIL Boost or any other service
- Successful sale of NPA properties through EquityShield
- Any specific financial outcome from using our services
- Uninterrupted or error-free operation of the Platform
12. External Links Disclaimer
The Platform may contain links to external websites and third-party services. FLOCRED does not control and is not responsible for the content, privacy policies, or practices of any third-party website. The inclusion of any link does not imply endorsement by FLOCRED.
13. Technical Disclaimer
- The Platform may experience downtime, errors, or technical issues
- We do not guarantee that the Platform will be free from viruses or other harmful components
- Users are responsible for maintaining adequate security measures on their own devices
- Data submitted through the Platform may be subject to network latency, interruptions, or transmission errors
14. Testimonials and Statistics
Any statistics, figures, or testimonials displayed on the Platform (such as "50+ Bank Partners", "10K+ Happy Customers", "₹500Cr+ Loans Disbursed") are:
- Approximate figures and may include cumulative data across all partner networks
- Subject to change and may not reflect current numbers at the time of viewing
- Not guarantees of similar results for any individual user
15. Regulatory Compliance
FLOCRED operates in compliance with applicable Indian laws and regulations including:
- Reserve Bank of India (RBI) guidelines for digital lending and loan service providers
- Information Technology Act, 2000
- Digital Personal Data Protection Act, 2023
- Consumer Protection Act, 2019
- Prevention of Money Laundering Act (PMLA) requirements
FLOCRED holds TPAP (Third Party Application Provider) authorization from NPCI. However, this does not constitute endorsement by RBI, NPCI, or any regulatory body of our services or products.
16. Limitation of Liability
In no event shall FLOCRED Private Limited, its directors, officers, employees, agents, or partners be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, data, or other intangible losses, resulting from the use or inability to use the Platform or any services offered through it.
17. Indemnification
By using the Platform, you agree to indemnify and hold harmless FLOCRED Private Limited from any claims, losses, or damages (including legal fees) arising from your use of the Platform or violation of this Disclaimer.
18. Changes to This Disclaimer
FLOCRED reserves the right to modify this Disclaimer at any time. Changes are effective upon posting on the Platform. Your continued use constitutes acceptance of any modifications.
19. Governing Law
This Disclaimer is governed by and construed in accordance with the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts in Delhi, India.
20. Contact
For questions about this Disclaimer, contact us at:
FLOCRED Private Limited
CIN: U67100DL2022PTC400764
Email: support@flocred.com | legal@flocred.com
Phone: +91-9319369315
Website: www.flocred.com
By using FLOCRED's Platform and services, you acknowledge that you have read, understood, and agree to be bound by this Disclaimer, our Terms & Conditions, and our Privacy Policy.