The rules that govern your use of this website and the services offered through it.
By accessing bluemoney.in or using any service offered through it, you agree to these terms. If you do not accept them, please do not use the site. These terms apply in addition to the loan agreement and Key Fact Statement issued by the lending partner that sanctions your loan, which prevail over these terms in the event of any inconsistency.
BlueMoney is a brand operated by BLUEORBIT IT & MARKETING SOLUTIONS PRIVATE LIMITED, which acts as a Lending Service Provider (LSP) under the Reserve Bank of India's Digital Lending Guidelines. In this role:
You must be at least 18 years of age and legally capable of entering into a binding contract under the Indian Contract Act, 1872. You agree to use the site only for lawful purposes and not to:
To assess an application we and the lending partner need identity, address, contact, employment or business, and financial information. You confirm that everything you provide is accurate and complete, and you authorise us to share it with the lending partner for the purpose of assessing your application and, where you have consented, for making a credit bureau enquiry.
Pricing a loan in the calculator does not create a credit enquiry. An enquiry is made only when you submit a full application and consent to it.
Interest rates shown on this site are indicative starting rates quoted per month on a reducing balance. All applicable charges — processing fee, GST on that fee, penal charges on overdue amounts, mandate dishonour charges, foreclosure charges, document charges and any recovery costs — are listed on the rates and charges page.
Interest is not subject to GST. GST at 18% applies to fees and service charges. No charge is levied unless the event that triggers it occurs.
Before you sign a loan agreement, the lending partner must issue a Key Fact Statement disclosing the sanctioned amount, the annualised rate of interest, the total cost of credit, the recovery mechanism, the details of the grievance redressal officer, and the cooling-off period. The figures in your Key Fact Statement are binding; the figures on this site are illustrative and do not constitute an offer.
Sanction is at the sole discretion of the lending partner and depends on its credit assessment. Where a loan is sanctioned, funds are disbursed directly by the partner to your bank account. The processing fee and applicable GST are typically deducted at disbursal, so the amount credited may be lower than the sanctioned amount while the instalment is computed on the full principal.
Repayment is by equated monthly instalments, collected through a NACH or UPI AutoPay mandate established at disbursal and debited on the agreed date. You are responsible for maintaining sufficient balance in the linked account. A failed mandate may attract a dishonour charge and, where an instalment remains unpaid, penal charges on the overdue amount.
You may repay a loan before the end of its scheduled tenure. Foreclosure reduces the interest that would otherwise accrue over the remaining instalments. A foreclosure charge of up to 4% of the outstanding principal may apply, as set out in your agreement. A no-dues certificate is issued on request once the loan is closed.
You have the right to exit a loan within the cooling-off period specified in your Key Fact Statement by repaying the principal together with the proportionate interest for the period the loan was outstanding. No foreclosure charge applies within that window. For loans of longer tenure the cooling-off period is typically at least three days; for shorter tenures it may be shorter.
If you fail to pay an instalment, the lending partner may levy penal charges on the overdue amount, report the default to credit bureaus in accordance with applicable law, and initiate recovery through its own staff or empanelled agencies. Recovery is conducted strictly in accordance with the RBI's Fair Practices Code and the Digital Lending Guidelines:
No agent, intermediary, or third party is authorised to collect any fee on our behalf, or to ask you to pay for faster approval, a lower rate, or a file charge. We never ask for payment to a personal account and never ask for an OTP in order to release a loan. Any such request should be treated as fraud and reported through the grievance page.
All content on this site, including text, layout, graphics, the BlueMoney name and logo, and the underlying code, is owned by or licensed to BLUEORBIT IT & MARKETING SOLUTIONS PRIVATE LIMITED and is protected by applicable intellectual property law. It may not be reproduced, distributed, or used commercially without written permission.
This site is provided on an "as is" and "as available" basis. While we take care to keep the information accurate, we do not warrant that it is free of error or interruption, or that the calculator's output will match a sanctioned offer. To the extent permitted by law, we are not liable for indirect or consequential loss arising from your use of the site. Nothing in these terms excludes liability that cannot be excluded under Indian law.
Our practices and those of the lending partners on our platform are governed by the RBI Fair Practices Code. In practice this means:
Complaints may be submitted to our Grievance Redressal Officer at [email protected] or by telephone on +91 99302 96785. We acknowledge within 48 hours and aim to resolve within 30 days. If a matter is not resolved, it may be escalated to the lending partner, then to the RBI's Consumer Education and Protection Department, and thereafter to the Reserve Bank Integrated Ombudsman. The full procedure is set out on the grievance page.
The content on this site is for general information. Rates, amounts, tenures and charges shown are indicative, are not an offer or a commitment to lend, and are subject to the lending partner's credit assessment and to change without notice. Nothing on this site constitutes financial, legal or tax advice. Please read the Key Fact Statement and the loan agreement before accepting any offer, and consider whether the obligation is affordable for the whole tenure.
We may amend these terms to reflect changes in law, regulation or our services. The revised version takes effect when published on this page, and the "last updated" date is revised accordingly. Continued use of the site after that constitutes acceptance of the amended terms.
These terms are governed by the laws of India. Subject to the grievance and escalation routes described above, the courts at Mumbai, Maharashtra have exclusive jurisdiction over any dispute arising out of or in connection with these terms or your use of this site.
