StarLend is a digital lending platform owned and operated by JAGTARNI FINANCE AND INVESTMENT PRIVATE LIMITED, a licensed Non-Banking Financial Company (NBFC) under Indian law. Acting as both the Lender and Loan Facilitator, the Company provides loan services directly through its proprietary digital platforms. By using the StarLend app or website, you agree to these Terms of Use. For detailed information about our services and policies, please visit https://www.jagtarnifinanceandinvestment.com.
Lender/Loan facilitator: JAGTARNI FINANCE AND INVESTMENT PRIVATE LIMITED
Platform/Application: StarLend
Borrower: Users
In these Terms of Use, unless the context requires otherwise:
"Company" refers to JAGTARNI FINANCE AND INVESTMENT PRIVATE LIMITED.
"Platform" means the StarLend app or website operated by the Company.
"Services" refers to the loan services provided by the Company through the Platform.
"User" refers to any individual who accesses or uses the Platform for availing of loan services.
"Loan" refers to the financial credit provided by the Company to the User under agreed terms.
To use the Services, you must:
Be at least 18 years old.
Reside in India and have valid identification proof such as a PAN card and Aadhaar card.
Have a valid bank account in your name.
By using the Platform, you represent and warrant that you meet all the eligibility criteria.
As a User, you agree to:
Provide accurate and complete information during the registration and loan application process.
Keep your login credentials confidential and secure.
Use the Platform and Services only for lawful purposes and not engage in any fraudulent or harmful activities.
The loan application process involves:
1.Registration: Users must sign up by providing personal and financial details.
2.Application: Users submit a loan application specifying the desired loan amount and term.
3.Verification: The Company verifies the information provided using various checks.
4.Approval: Based on the verification, the Company decides whether to approve or reject the loan application.
Approval of a loan is at the sole discretion of the Company and subject to its internal policies and regulatory requirements.
Loan Amount: ₹2000 - ₹60000
Term: 180 days
Interest Rate: 0.056% per day
Early Repayment: No penalty for early repayment
The following fees apply to the loans offered through the StarLend platform:
Processing Fee: A non-refundable fee deducted from the loan amount before disbursement.
Interest: Charged at a daily rate of 0.056% on the outstanding loan amount.
Late Payment Fee: A fee of 1% per day applied to any overdue amount if repayments are not made on time.
The Company reserves the right to modify these fees and charges with prior notice to the User.
Loans must be repaid according to the agreed schedule, which includes:
Monthly Installments: Payments are due on the specified dates, as outlined in the loan agreement.
Early Repayment: Users have the option to repay the loan early without any penalty. However, the User must notify the Company in advance.
Failure to repay on time will result in additional charges, including a 1% daily late payment fee, and may negatively impact your credit score.
Your privacy is important to us. We collect and use your personal data in accordance with our Privacy Policy, which explains:
What information we collect.
How we use and share your information.
Your rights regarding your personal data.
By using the Platform, you consent to the collection and use of your data as described in the Privacy Policy.
The Company is not liable for:
Any indirect, incidental, or consequential damages arising from the use of the Platform.
Any delay or failure in performance due to circumstances beyond its reasonable control, such as technical issues or regulatory changes.
The Company reserves the right to:
Suspend or terminate your access to the Platform if you violate these Terms of Use or engage in unlawful activities.
Modify or discontinue any part of the Services without prior notice.
In the event of any disputes, claims, or controversies arising out of or relating to these Terms of Use, the Services provided by the Company, or any breach, enforcement, interpretation, or validity thereof, the parties agree to resolve the matter through arbitration. The arbitration will be conducted in accordance with the Arbitration and Conciliation Act, 1996, as amended from time to time. The proceedings shall be held in English, ensuring that all participants fully understand the process.
The seat and venue of arbitration shall be Mumbai, India. The arbitration process will be carried out by a sole arbitrator appointed mutually by the parties. If the parties cannot agree on the arbitrator, the appointment shall be made in accordance with the rules governing arbitration in India. The arbitrator's decision shall be final and binding on all parties involved, and judgment on the arbitral award may be entered in any court having jurisdiction.
The Company reserves the right to update, amend, or modify these Terms of Use at its sole discretion at any time. Such changes will be effective upon being posted on the Platform. It is the responsibility of the User to review the Terms regularly to stay informed of any updates. Continued use of the Platform and Services after any modifications signify your acceptance of the revised Terms. If you do not agree with the changes, you must discontinue using the Platform and Services immediately. The Company will endeavor to provide reasonable notice of significant changes where possible, but is under no obligation to notify Users individually.
These Terms of Use are governed by and shall be interpreted and enforced in accordance with the laws of India, without regard to its conflict of law principles. Any legal action or proceeding arising under or relating to these Terms shall be brought exclusively in the courts located in Mumbai, India. By using the Services, you consent to the jurisdiction of such courts and waive any objections based on venue or inconvenient forum. The application of the United Nations Convention on Contracts for the International Sale of Goods is expressly excluded from these Terms of Use.
For any questions or concerns regarding these Terms of Use, please contact us at Email: support@jagtarnifinanceandinvestment.com