Terms of Use

Terms of Use




www.propelld.com (“Website”, “Our”, “We”, “Us”) is an online platform that enables students, who are in need of financial assistance to seek loan from lenders who are registered on our Website, in order to enroll and seek admission in the institute identified, nominated and designated by such student and with which We have an exclusive arrangement . Your use of the Website and its services are governed by these Terms & Conditions including the applicable policies which are incorporated herein by reference.

For the purpose of these Terms & Conditions, wherever the context so requires, ”You” or “User” shall mean any natural or legal person who is accessing the Website. The User may or may not be registered with the Website. If registered (either as a lender or student), the User shall be referred to as a “Registered User”.

These Terms & Conditions together with Our Privacy Policy govern Your usage of the Website. Your use of the Website constitutes Your acceptance of these Terms & Conditions and any changes/modifications made to them thereafter. We reserve the right, at our sole discretion, to change, modify, add or remove portions of these Terms & Conditions at any time without any prior notice to You, which shall include, amongst conditions payment of any kind of fee or charges. It is the Users’ liability to review these Terms & Conditions periodically for updates/changes. As a User of this Website, it implies that You have read, understood and agreed to abide by these Terms & Conditions.

If You do not agree with any of these Terms & Conditions (including, referenced policies and guidelines), We encourage You to terminate Your use of the Website.



The Website connects students and lender(s), for the students to seek loan from lenders registered on the Website. Once the Registered User accesses the Website and registers himself/herself (either as a lender or student), he/she are allowed to participate in the lending/borrowing activity. We are therefore only a service provider that helps the student(s) to seek loan from lender(s) and facilitates the transaction between them.

The Website does not give any assured returns to its Users directly or indirectly and conducts no transactions contravening the provisions of the RBI Act and/or the FEMA provisions. The Website is not, by itself, involved in lending or borrowing.

The Website does not accept ‘deposits’ as defined in the RBI Act and does not perform any of the activities/functions of a financial institution. The activities of the Website do not come under the ambit of receiving of deposits, lending, or chit fund or any other such financial scheme.



The Use of this Website is permitted only to Users who are: (i) legal/natural persons; (ii) above twenty-one (21) years of age; (iii) capable of forming legally binding contracts under Indian Contract Act, 1872; (iv) Indian and holds Indian citizenship; (v) holder of a valid Savings Bank Account.  

By using this Website, the User accepts and acknowledges that these conditions have been duly fulfilled. The Website reserves the right to terminate a Users’ access to the Website and take such necessary actions as might be required if anything to the contrary is found.



We reserve the right to refuse access to any User, terminate accounts, remove or edit content at any time without notice to the User. The right to use this Website is personal to the User and is not transferable to any other person or entity. We shall not be responsible for any data lost while transmitting information on the Internet.

The Services of the Website shall only be available to the Registered Users of the Website. The Registered Users shall be responsible for maintaining confidentiality to prevent unauthorized access to Registered User account. The Registered User agrees to accept responsibility for all activities that occur under his/her account or password. The Registered User shall take all necessary steps to ensure that his account password is kept confidential and secure and should inform Us immediately if the Registered User has any reason to believe that his/her password has become known to anyone else, or if the password is being, or is likely to be used, in an unauthorized manner.

The Registered User shall ensure and undertake that the details he/she provides to the Website are correct and complete. The Registered User should further inform the Website immediately of any changes to the information that has been provided when registering. The Registered User can access and update much of the information provided to the Website by following the instructions given in the Website ‘Home’ page  or any other option such as ‘dashboard’ etc.) or by writing to us at info@propelld.com. The Registered User undertakes not to directly communicate in any manner with the other Users of this Website. All communication between prospective lenders and students should be through the Website.



We reserve the right, at our sole discretion, to refuse or cancel any request for registrations on the Website for any reason or use of our Website. The student(s) and lender(s) are required to note that negative third party verification report(s) are crucial factors considered during the preliminary assessment of creditworthiness.



For the complete and proper usage of the Website the User while registering shall need to provide certain details and information. A Registered User shall be required to provide the Website with true and accurate information for the lending/borrowing transaction to be lawfully valid and approval of his/her application for loan and verification of all his/her records in accordance with the verification process done by the Website.

Any Personal Information collected by the Website shall not be disclosed to any third party unless such a disclosure is authorized by law, or the Registered User has consented to such a disclosure. However, the Website has the unconditional right to share the Registered User’s Personal Information with the Website partners, affiliates, employees and agents. For more details on the Websites’ policies regarding Personal Information please refer to the “Privacy Policy”.



The Website reserves the right to initiate legal proceedings against any person/s for fraudulent use of the Website and any other unlawful acts or omissions in breach of these Terms & Conditions.



The Website reserves the right, at its sole discretion, to modify or replace these Terms & Conditions, or change, suspend, or discontinue the Website and its Services (including, but not limited to, the availability of any feature, database, or content) at any time for any reason. The Website may also impose limits on certain features and services or restrict User access to parts, or the entire Website, without notice or liability. It is the Users’ responsibility to check the Terms & Conditions periodically for changes. A Users’ continued use of the Website following the posting of any changes to the Terms & conditions constitutes acceptance of those changes.



The Website has the right and liberty to monitor the content on the Website at all times which shall include information and Personal Information provided in Registered User accounts. The monitoring of the Website is important to determine the veracity of the information provided by Users or Registered Users and that every User and Registered User remains in consonance with the Terms & Conditions provided herein. Subject to the Terms & Conditions mentioned herein, the Website shall also have the liberty to remove any objectionable content which is in contravention of the Terms & Conditions herein or share such information with any governmental authority as per procedures laid down by the law for the time being in force in India. 

The User, in the course of using the Website agrees and accepts that:

(i) The User shall not use the Website for any illegal/unlawful purposes;

(ii) The User shall abide by all applicable local, state and central laws;

(iii) The User shall not interfere with or disrupt the use and enjoyment of the Website by other Users;

(iv) The User shall not defame, harass, abuse or disrupt other Users of the Website.



The Website grants Users a limited license to access and make personal use of the Website, but not to download (other than page caching) or modify it, or any portion of it, except with express written consent of the Website. This license does not include any resale or commercial use of this Website or its contents; any downloading or copying of account information for the benefit of anyone other than your use; or any use of data mining, robots, or similar data gathering and extraction tools. This Website or any portion of this Website (including but not limited to any copyrighted material, trademarks, or other proprietary information) may not be reproduced, duplicated, copied, sold, resold, visited, distributed or otherwise exploited for any commercial purpose without express written consent of the Website and / or its affiliates, as may be applicable. Any unauthorized use of the Website shall terminate the permission or license granted by it.



Notwithstanding anything to the contrary contained herein, neither the Website nor its affiliated companies, subsidiaries, officers, directors, employees or any related party shall have any liability to the User/s or to any third party for any indirect, incidental, special or consequential damages or any loss of revenue or profits arising under or relating to these Terms & Conditions. To the maximum extent permitted by law, the User waives, releases, discharges and holds harmless the Website, it’s affiliated and subsidiary companies, and each of their directors, officers, employees, and agents, from any and all claims, losses, damages, liabilities, expenses and causes of action arising out of the Users’ use of the Website. 



A Users use of the Website and any Terms & Conditions is subject to the laws of India. In case of any disputes arising out of the use of the Website, Courts of Delhi will have exclusive jurisdiction. 



The User agrees to indemnify, save, and hold the Website, its affiliates, contractors, employees, officers, directors, agents and its third party associates, licensors, and partners harmless from any and all claims, losses, damages, and liabilities, costs and expenses, including without limitation legal fees and expenses, arising out of or related to the Users’ use or misuse of the services or of the Website, any violation by the User of these Terms & Conditions, or any breach of the representations, warranties, and covenants made by you herein. The Website reserves the right, at the expense of the User, to assume the exclusive defense and control of any matter for which the User is required to indemnify the Website, including rights to settle, and the User agrees to cooperate with the Websites’ defense and settlement of these claims. The Website will use reasonable efforts to notify the User of any claim, action, or proceeding brought by a third party that is subject to the foregoing indemnification upon becoming aware of it.



The Registered Users (lender and student) shall comply with all the applicable laws after being matched by the Website and entering into a loan agreement for the grant of loan by lender to student. Once the lender and borrower are matched by the Website and the student and lender enter into a loan agreement, all transactions (lending/borrowing etc.) concluded between them shall be based on their own representations to each other. The Website shall not be liable in case of any defects in the transaction (such as fraud etc.) arising at the time of the transaction, or later.



The Website makes no warranty that:

(i) the Services will meet the Users’ requirements;

(ii) the Services will be uninterrupted, timely, secure, or error-free;

(iii) the results that may be obtained from the use of the Services will be accurate or reliable;

(iv) the quality of any products, services, information, or other material purchased or obtained by a User through the Services will meet the Users’ expectations; or

(v) any errors in the technology will be corrected. 
And the User is solely responsible for any damage to his/her computer system or loss of data that results from the download of any such material. No advice or information, whether oral or written, obtained by a User from the Website through or from the Services will create any warranty not expressly stated in these Terms & Condition. 


The lenders accessing and providing financial assistance to the students through the Website are advised to astutely assess all apparent risks and expected benefits before providing such loan. The lenders should carefully consider the risk involved with using the Website for purpose of providing loan to the students including but not limited to possibility of losing all the money he/she shall lend to the students. www.propelld.com is a marketplace that preliminarily assesses the student’s details and information, who are in need of financial assistance to seek loan from lender(s).


The Website www.propelld.com highlights all relevant details for every student before execution of the loan agreement; however, decision of providing loan to such student solely rests with the lender.