Terms of Service

Please read these terms carefully before using TheLoanMath services

Last Updated: January 7, 2025

1. Introduction and Acceptance

Welcome to TheLoanMath, operated by TheLoanMath India Private Limited ("Company," "we," "us," or "our"). These Terms of Service ("Terms") govern your use of our website, EMI calculator tools, widgets, and related services (collectively, the "Services").

By accessing or using our Services, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, please do not use our Services.

Important: These Terms constitute a legally binding agreement between you and TheLoanMath India Private Limited.

2. Company Information

The TheLoanMath

Registered Office: 205B West Ramalingam Road

Email: contact@theloanmath.com

3. Description of Services

TheLoanMath provides the following services:

  • EMI (Equated Monthly Installment) calculators for various loan types
  • Loan amortization schedules and payment breakdowns
  • Embeddable calculator widgets for third-party websites
  • Educational content about loans, EMIs, and financial planning
  • Q&A resources and financial guidance

Disclaimer: Our calculators provide estimates based on the information you provide. Actual loan terms may vary based on lender policies, creditworthiness, and market conditions.

4. User Responsibilities and Conduct

4.1 Acceptable Use

You agree to use our Services only for lawful purposes and in accordance with these Terms. You must:

  • Provide accurate information when using our calculators
  • Respect intellectual property rights
  • Not attempt to reverse engineer or copy our algorithms
  • Not use automated tools to scrape our content

4.2 Prohibited Activities

Unauthorized commercial use

Introducing malware or viruses

Impersonating others

Violating applicable laws

5. Intellectual Property Rights

All content, features, and functionality of our Services, including but not limited to:

  • Calculator algorithms and formulas
  • Website design and user interface
  • Educational content and articles
  • Logos, trademarks, and branding
  • Software code and technical implementations

are owned by TheLoanMath India Private Limited and are protected by Indian and international copyright, trademark, and other intellectual property laws.

Limited License

We grant you a limited, non-exclusive, non-transferable license to use our Services for personal, non-commercial purposes, subject to these Terms.

6. Widget Embedding Terms

6.1 Widget Usage Rights

Subject to these Terms, you may embed our calculator widgets on your website, provided that:

  • You maintain all copyright notices and attribution links
  • You do not modify the widget code or functionality
  • Your website complies with applicable laws and regulations
  • You do not use widgets for illegal or harmful purposes

6.2 Widget Restrictions

No removal of TheLoanMath branding or attribution

No modification of widget appearance or functionality

No use on websites promoting illegal activities

7. Disclaimers and Limitations

7.1 Financial Advice Disclaimer

Important: TheLoanMath does not provide financial, legal, or investment advice. Our calculators and content are for informational purposes only. Always consult with qualified financial advisors before making financial decisions.

7.2 Accuracy Disclaimer

While we strive for accuracy, we make no warranties regarding:

  • The accuracy of calculator results
  • The completeness of information provided
  • The suitability for your specific financial situation
  • Real-time market conditions or interest rate changes

7.3 Third-Party Content

Our Services may contain links to third-party websites or services. We are not responsible for the content, privacy policies, or practices of third-party sites.

8. Limitation of Liability

To the maximum extent permitted by Indian law, TheLoanMath India Private Limited shall not be liable for:

Direct Damages

Any direct financial losses resulting from use of our Services

Indirect Damages

Consequential, incidental, or punitive damages

Business Losses

Loss of profits, revenue, or business opportunities

Data Issues

Loss of data or service interruptions

Liability Cap: In any event, our total liability shall not exceed ₹10,000 (Ten Thousand Rupees) or the amount you paid for our Services, whichever is lower.

9. Privacy and Data Protection

Your privacy is important to us. Our collection, use, and protection of your personal information is governed by our Privacy Policy, which is incorporated into these Terms by reference.

9.1 Data Processing

By using our Services, you consent to:

  • Collection of usage data and analytics
  • Processing of calculation inputs for service provision
  • Use of cookies and similar technologies
  • Communication regarding service updates

9.2 Data Security

We implement appropriate technical and organizational measures to protect your data in accordance with the Digital Personal Data Protection Act, 2023.

10. Termination

10.1 Termination by You

You may stop using our Services at any time. If you have embedded our widgets, you should remove them from your website upon termination.

10.2 Termination by Us

We reserve the right to suspend or terminate your access to our Services if you:

  • Violate these Terms of Service
  • Engage in prohibited activities
  • Cause harm to our Services or other users
  • Fail to comply with applicable laws

10.3 Effect of Termination

Upon termination, your right to use our Services ceases immediately. Provisions regarding intellectual property, disclaimers, and limitation of liability shall survive termination.

11. Governing Law and Jurisdiction

Governing Law

These Terms shall be governed by and construed in accordance with the laws of India, including but not limited to:

  • The Indian Contract Act, 1872
  • The Information Technology Act, 2000
  • The Digital Personal Data Protection Act, 2023
  • The Consumer Protection Act, 2019

Jurisdiction

Any disputes arising out of or relating to these Terms shall be subject to the exclusive jurisdiction of the courts in [City], India.

Dispute Resolution

Before initiating legal proceedings, parties agree to attempt resolution through:

  1. Direct negotiation
  2. Mediation through a mutually agreed mediator
  3. Arbitration under the Arbitration and Conciliation Act, 2015

12. Changes to Terms

We reserve the right to modify these Terms at any time. When we make changes, we will:

Notification

Post the updated Terms on our website

Effective Date

Update the "Last Updated" date

Communication

Notify users via email for material changes

Continued Use: Your continued use of our Services after changes become effective constitutes acceptance of the updated Terms.

Acknowledgment

By using TheLoanMath services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service and our Privacy Policy.

Effective Date: January 7, 2025