Welcome to Loan Asnar ("App"), a mobile application owned and operated by ASNAR INNOVATIVE TECHNOLOGY PRIVATE LIMITED ("Company", "we", "us", or "our"). Loan services offered through the App are facilitated in partnership with Khyati Finseck Private Limited, a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India ("Lender").
Please read these Terms & Conditions ("Terms") carefully before accessing or using the App. By using the App, you agree to comply with and be legally bound by these Terms. If you do not agree, you must not use the App.
These Terms constitute a legally binding agreement between you and the Company, governing your use of the Loan Asnar App and all loan services offered through it.
Your use of the App and associated services is also governed by our Privacy Policy, which you must review and accept as part of your continued usage.
These Terms apply only to the Loan Asnar App. We do not operate any other applications or provide additional financial services beyond personal loan facilitation.
By using the App, you confirm that:
You are an Indian citizen, at least 18 years of age.
You are legally capable of entering into a binding agreement under Indian law.
The information you provide is accurate, current, and complete.
You will use the App only for personal and lawful financial purposes.
We reserve the right to deny or restrict access if we suspect fraudulent, unlawful, or non-compliant use.
The Loan Asnar App functions as a digital platform that facilitates access to short-term personal loan products designed to meet the urgent and varied financial needs of individual users. The App enables users to submit loan applications, undergo digital KYC (Know Your Customer) verification, and receive real-time decisions on loan eligibility — all through a secure and seamless mobile interface.
All loan products made available through the App are offered and disbursed solely by Khyati Finseck Private Limited, a Non-Banking Financial Company (NBFC) duly registered with the Reserve Bank of India (RBI). The NBFC is entirely responsible for loan sanctioning, disbursal, repayment processing, collections, and reporting to credit bureaus.
ASNAR INNOVATIVE TECHNOLOGY PRIVATE LIMITED, as the owner and operator of the Loan Asnar App, acts only as a technology provider and does not provide any credit itself. Our role is strictly limited to:
Offering a digital interface to collect application data
Assisting in identity verification and document submission
Routing application data securely to the NBFC for processing
Facilitating communication regarding loan status, repayment, and support
We do not influence credit decisions or loan terms, which are determined solely by the Lender based on its internal credit and compliance policies. Your acceptance of a loan offer is subject to the terms and conditions outlined in the loan agreement executed directly between you and the NBFC.
When using the Loan Asnar App, you agree to do so in compliance with applicable laws and regulations in India, as well as the policies outlined in this agreement. You are expected to use the App in a fair, honest, and lawful manner that upholds the integrity and intended purpose of the platform.
Provide accurate, current, and complete information as part of the loan application and identity verification processes. This includes valid identification, address proof, income documents, and banking information.
Do not impersonate another person or provide false documentation to gain unauthorized access to loan services. Any form of document forgery or misrepresentation may result in legal consequences.
Keep your login credentials confidential and secure. You are solely responsible for any activity occurring through your account. Sharing your account or allowing unauthorized users to access loan-related data is strictly prohibited.
Do not use the App to engage in unlawful activities, including but not limited to money laundering, misappropriation of funds, fraudulent applications, or abuse of referral and reward programs.
Refrain from manipulating or attempting to interfere with the App's functionality, including through reverse engineering, exploiting software vulnerabilities, or bypassing security systems.
Avoid behavior that threatens the platform's integrity, such as abusive language toward support staff, repeated frivolous applications, or coordinated misuse patterns.
We reserve the right to monitor, restrict, or permanently revoke your access to the App if we detect or suspect any misuse, violation of these Terms, or activities that could compromise the safety of our platform or the interests of our Lender partner.
Loan amount and eligibility requirements
Applicable interest rates and calculation methods
Repayment schedule and due dates
Processing and convenience fees
Late payment charges, penalties, or applicable taxes
By proceeding to accept a loan offer, you explicitly consent to be bound by the loan agreement executed between you and Khyati Finseck Private Limited, our NBFC partner. It is your responsibility to carefully review, understand, and comply with all clauses in the agreement, including repayment obligations.
All rights, title, and interest in the Loan Asnar App, including its branding elements (such as logos, design, layout, and visuals), source code, interface, features, and other proprietary assets, are owned and controlled by ASNAR INNOVATIVE TECHNOLOGY PRIVATE LIMITED or licensed appropriately.
You may not reproduce, reverse-engineer, publish, share, or distribute any part of the App for commercial or unauthorized purposes without obtaining express written permission from us.
Your use of the App implies your agreement with our Privacy Policy, which governs how your personal, financial, and device-level data is collected, stored, processed, and shared. We collect only the data necessary to facilitate your loan application and perform KYC and credit risk assessments.
We take all reasonable organizational and technical steps to ensure the confidentiality and protection of your data. However, you acknowledge that no internet or mobile transmission can be guaranteed 100% secure and that you use the App at your own risk.
Credit bureaus and financial institutions for credit checks
Bank data aggregators for account and income verification
KYC verification platforms and background validation services
We ensure your consent is taken explicitly for such checks during the application process.
However, we are not liable for any delay, inaccuracy, or failure caused by these third-party systems or the data they supply.
That your loan application will be approved
That the App will always be free of technical issues or interruptions
That information within the App is always accurate or up-to-date
We are not responsible for any loss, delay, or inconvenience resulting from the rejection of a loan application, delay in disbursement, or inaccessibility of the App. Your only recourse in case of dissatisfaction is to discontinue use of the App.
You agree to indemnify and hold harmless ASNAR INNOVATIVE TECHNOLOGY PRIVATE LIMITED, its employees, agents, affiliates, and directors from any and all losses, liabilities, claims, damages, costs, or expenses (including legal fees) that arise from:
Your violation of these Terms
Misuse or fraudulent use of the App or its services
Any claim by a third party arising out of your conduct on the platform
We reserve the right to modify or update these Terms at our sole discretion. Any changes will be reflected within the App interface. Your continued use of the App after such updates constitutes your agreement to the revised Terms. We encourage you to review this section periodically.
For questions or complaints, please contact:
Grievance Officer
ASNAR INNOVATIVE TECHNOLOGY PRIVATE LIMITED
Email: team@asnarinnotech.com
Phone: 8972240613
Address: 2nd FLOOR, PLOT NO. -4, MINARCH TOWER, SECTOR-44, Gurgaon Sector 45, Sector -45, Gurgaon- 122003, Haryana
We will make reasonable efforts to resolve your complaint within 30 business days.