Legal
Disclosures
Our role
LoanKard is a financial product marketplace and distribution platform. We are not a lender and do not hold a licence to lend. Every product on the site is offered by a bank, NBFC, housing finance company or card issuer regulated by the Reserve Bank of India, or by an authorised distribution partner of such an entity. The lender alone decides whether to approve an application, on what terms, and when to disburse.
How we are paid
Partners pay us a referral or distribution fee when a customer who came through LoanKard takes a product. The fee may be a fixed amount or a percentage of the loan or credit limit, and is paid at an event agreed with each partner — typically disbursal for loans and card issuance for cards. The fee is not added to your cost; the terms a partner offers you are the same whether or not you came through LoanKard. We do not charge customers.
How products are ranked
- Products whose published eligibility rules you do not meet are removed from the list, not pushed down it.
- The remaining products are sorted by the total amount you would pay over the tenure you asked for: interest at the partner's indicated rate, plus processing fee, plus mandatory charges. Lowest first.
- Ties are broken by the partner's typical time to disbursal, faster first.
- Commission paid to LoanKard is not an input to the ranking and cannot be made one without a change to this page.
Ranking logs are retained and can be audited by our finance and compliance functions independently of each other.
Sponsored placements
A partner may pay for a product to be featured. Featured products carry a visible "Sponsored" label and appear in a separate slot above the ranked list. They are never inserted into the ranked list, and the label cannot be hidden by any setting. If no partner has paid for placement, no slot is shown.
Freshness of product terms
Rates, fees and eligibility shown for a specific lender come from that lender's product feed and carry the date the lender last confirmed them. Terms not reconfirmed within 30 days are removed from display until they are. Category-level ranges shown on product pages are indicative for the Indian market and are reviewed monthly.
Partner identity
A partner's name and mark appear on LoanKard only with its written permission and after its integration has been certified for production. Before any application is sent, the partner's identity is shown to you by name and you are asked for a specific consent for that recipient.
Estimates
EMI calculators use the reducing-balance formula with a constant rate and assume EMIs begin one month after disbursal. They do not include processing fees, pre-EMI interest, insurance or rate resets. They are tools, not offers.
Complaints
Our grievance process, including time limits and how to reach a partner's nodal officer and the RBI's Integrated Ombudsman, is on the contact page.