Aloan Terms of Service
Last Updated: January 2025
The following terms of service (the "Terms of Service") govern your access to and use of our online solution designed to help match individuals seeking loans with organizations seeking to fund such loans, as applicable, currently made available through our website located at aloan.ai (the "Aloan Website" and such solution, the "Aloan Platform"). These Terms of Service form an agreement between Aloan Inc. ("Aloan", "us", "we", "our") and you. The term "you" refers to the person or entity accessing or otherwise using the Aloan Platform ("use" or "using" in these Terms of Service will mean any of the foregoing).
BY SIGNING UP, CREATING AN ACCOUNT, CLICKING THE SECURE LINK SENT TO YOU OR USING THE ALOAN PLATFORM, YOU: (A) REPRESENT AND WARRANT THAT: (I) YOU HAVE REACHED THE AGE OF MAJORITY IN YOUR JURISDICTION, (II) YOU HAVE THE CAPACITY TO ENTER INTO BINDING OBLIGATIONS, AND (III) ALL INFORMATION SUPPLIED BY YOU TO US THROUGH THE ALOAN PLATFORM IS TRUE, ACCURATE, CURRENT, AND COMPLETE; AND (B) AGREE TO BE BOUND BY AND COMPLY WITH THESE TERMS OF SERVICE, AS UPDATED FROM TIME TO TIME IN ACCORDANCE WITH SECTION 1.
YOU ACKNOWLEDGE AND AGREE THAT WE ARE ACTING SOLELY TO MATCH INDIVIDUALS SEEKING LOANS WITH ORGANIZATIONS SEEKING TO FUND SUCH LOANS (SUCH ORGANIZATIONS, "LENDERS") AND: (I) WE ARE NOT RESPONSIBLE FOR ANY REPRESENTATION THAT HAS BEEN MADE TO YOU BY ANY THIRD PARTY RELATED TO OR THROUGH OR OUTSIDE THE ALOAN PLATFORM, INCLUDING REPRESENTATIONS MADE BY LENDERS OR BUSINESSES ATTEMPTING TO OBTAIN FINANCING FROM LENDERS ON YOUR BEHALF ("BUSINESSES"); (II) WE ARE UNDER NO OBLIGATION TO ENSURE THAT YOU RECEIVE APPROVALS FOR ANY LOAN; AND (III) BUSINESSES MAY HAVE PROVIDED US WITH INFORMATION THAT YOU HAVE PROVIDED THEM, INCLUDING PERSONAL INFORMATION ABOUT YOU, AND AGREE THAT WE WILL HAVE NO LIABILITY IN CONNECTION WITH WHETHER SUCH BUSINESSES HAVE OBTAINED VALID AND INFORMED CONSENT FROM YOU TO PROVIDE US WITH THAT INFORMATION. WE WILL USE COMMERCIALLY REASONABLE EFFORTS TO COMPLY WITH YOUR REQUEST TO CORRECT OR DELETE SUCH PERSONAL INFORMATION ABOUT YOU IN ACCORDANCE WITH OUR PRIVACY POLICY REFERENCED IN SECTION 3 (PRIVACY).
1. Changes to these Terms of Service and Aloan Platform
Except where prohibited by applicable law, we reserve the right to change these Terms of Service at any time by posting a new version to the Aloan Website. It is your obligation to monitor the Aloan Website for any such changes. Your continued access to or use of the Aloan Platform after any changes to these Terms of Service indicates your acceptance of such changes. It is your responsibility to review these Terms of Service regularly.
2. Consent; Data About You
You grant to us an irrevocable, worldwide, non-exclusive, royalty-free, transferable and sub-licensable license during the Term to access, collect, store and use any data, information, records and files that you load, transmit to or enter into the Aloan Platform, and any consumer credit and banking information (including bank statements) that we obtain about you with your consent, including credit reports, (the "User Data"), to: (i) develop, enhance and make available the Aloan Platform; and (ii) to produce data, information, or other materials that do not contain any Personal Information (such data, information and materials, the "Aggregated Statistical Information").
3. Privacy
You understand that information about identifiable individuals ("Personal Information") will be treated in accordance with our current Privacy Policy, available at https://aloan.ai/privacy-policy.
4. Ownership
All rights, title and interest, including intellectual property rights, in the Aloan Platform, Aggregated Statistical Information and all other materials provided by us hereunder, and any update, adaptation, translation, customization or derivative work thereof, will remain with us (or our third party suppliers, if applicable). The Aloan Platform and all materials provided by us hereunder are made available or licensed and not "sold" to you. All rights not expressly granted to you in these Terms of Service are reserved.
5. User Account for Aloan Platform
To access certain features of the Aloan Platform, you may be required to successfully sign up for a user account using the available interfaces of the Aloan Platform and create login credentials, or access the platform through secure links sent to your email (the "User Access"). If you create login credentials, you will keep your credentials secure and will not share them with anyone else. We reserve the right to disable any User Access issued to you at any time in our sole discretion. If we disable your User Access, you may be prevented from accessing the Aloan Platform.
6. Bank Aggregation and Credit Information
Aloan may leverage third parties to provide aggregated historical bank transaction information. The linking of your bank account is optional and at your discretion. It is your responsibility to review your agreements with other financial institutions to determine: if you are permitted to provide your login information; what the consequences of disclosure of login information may be; and the liability that may result from the disclosure of login information.
We may obtain credit reports and other credit-related information about you. Prior to obtaining any credit information, including both soft and hard credit pulls, we will obtain your explicit consent for such credit checks.