Our Commitment to Transparency
Loanpao, operating as www.loanpao.in, is committed to transparency in compliance with Reserve Bank of India (RBI) regulations. This Disclosures page outlines our operations, affiliations, and financial practices for services like Dairy Loans and Skill Development Loans.
1. Nature of Business
Loanpao is a loan aggregator platform connecting users with lenders (e.g., SBI, HDFC) for products like Doctor Professional Loans. We do not lend directly but facilitate applications via Apply Now.
2. Affiliations and Partnerships
- Banks: Partner with RBI-regulated banks like State Bank of India, HDFC Bank, Axis Bank, and Bank of Baroda.
- NBFCs: Collaborate with licensed non-banking financial companies for loans like Chartered Accountant Loans.
- Government Schemes: Support schemes like MUDRA and Dairy Entrepreneurship Development Scheme (DEDS) via Govt. Schemes Loan.
- We may earn commissions from lenders for successful applications.
3. Fees and Charges
- Loanpao does not charge users directly for using our platform or tools like EMI Calculator.
- Lenders may charge processing fees (0.5%-1.5%), foreclosure charges (1%-3%), or late payment penalties, as noted on pages like Loan Against Fixed Deposit.
- All fees are disclosed by lenders during the application process.
4. Regulatory Compliance
- Compliant with RBI’s Fair Practices Code and Digital Personal Data Protection Act (DPDPA) 2023.
- User data is shared with lenders only with consent, per Privacy Policy.
- Grievance redressal available via Contact.
5. Limitations of Services
- Loan approval is at the lender’s discretion, not guaranteed by Loanpao.
- Information on pages like Blog is for general guidance, not financial advice.
- Rates and terms (e.g., 7.5%-12.5% for Dairy Loans) are indicative and subject to change.
6. Risk Disclosure
Loans involve financial risk, including default or credit score impact. Review lender terms before applying via Apply Now.
7. Updates to Disclosures
We may update this page to reflect regulatory or operational changes. Last updated: May 15, 2025.
8. Contact Us
For questions, visit Contact or email support@loanpao.in.