1. Acceptance of Terms
By accessing or using the Peoples Finance platform ("Platform"), website, or any related services (collectively, "Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you must not use our Services.
These Terms apply to all visitors, registered users, and borrowers. Peoples Finance reserves the right to update these Terms at any time. Continued use of the Platform after changes are posted constitutes your acceptance of the revised Terms.
2. Eligibility
To use our Services, you must:
• Be at least 18 years of age (or the age of majority in your jurisdiction).
• Be a resident of a country we currently serve: the United States, Singapore, Malaysia, Philippines, India, or Indonesia.
• Have a valid government-issued ID and a verifiable bank account.
• Not be prohibited from receiving our Services under applicable law.
By creating an account, you confirm that all information you provide is accurate, complete, and up to date.
3. Our Services
Peoples Finance is a loan facilitation platform. We connect borrowers with lending products including personal loans, business loans, auto loans, home mortgages, student loans, medical loans, debt consolidation loans, and short-term payday loans.
Peoples Finance is not a bank or a licensed lender in all jurisdictions. Loan offers, interest rates, and approval decisions are subject to credit review and applicable regulations. All loans are subject to credit approval. We do not guarantee approval for any loan application.
4. Account Registration & Security
You are responsible for maintaining the confidentiality of your account credentials, including your password and PIN. You agree to:
• Provide accurate and truthful information during registration.
• Notify us immediately at support@peoples-finance.com if you suspect unauthorized access.
• Not share your account credentials with any third party.
• Be solely responsible for all activity that occurs under your account.
We reserve the right to suspend or terminate accounts that violate these Terms.
5. Loan Applications & Credit Checks
By submitting a loan application, you expressly authorize Peoples Finance and its lending partners to:
• Obtain consumer credit reports and scores from one or more credit bureaus (TransUnion, Equifax, Experian, or regional equivalents).
• Verify your identity, employment, and income.
• Share your application data with third-party underwriting partners.
Submitting an application does not guarantee funding. Loan terms, including APR, fees, and repayment schedules, will be disclosed in your loan agreement prior to signing.
6. Fees & Charges
Peoples Finance maintains full transparency on all fees. You will never be charged a hidden fee. Potential charges include:
• Origination fees (disclosed per loan type, typically 0%–5% of loan amount).
• Late payment fees where applicable under your loan agreement.
• Returned payment fees.
There are no prepayment penalties. You may pay off your loan early at any time without additional cost. All fees will be clearly disclosed in your loan agreement before you sign.
7. Prohibited Uses
You agree not to use our Services to:
• Submit false, misleading, or fraudulent information.
• Apply for loans you have no intention of repaying.
• Use loan proceeds for illegal activities.
• Attempt to circumvent our security measures or access other users' data.
• Reverse-engineer, scrape, or copy any portion of the Platform.
• Use automated bots or scripts to interact with the Platform.
Violation of these prohibitions may result in immediate account termination and may be reported to relevant authorities.
8. Privacy
Your privacy is important to us. Our Privacy Policy, incorporated herein by reference, explains how we collect, use, and protect your personal information. By using our Services, you consent to the data practices described in our Privacy Policy.
9. Disclaimers & Limitation of Liability
THE PLATFORM IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. TO THE FULLEST EXTENT PERMITTED BY LAW, PEOPLES FINANCE DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
IN NO EVENT SHALL PEOPLES FINANCE BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF, OR INABILITY TO USE, OUR SERVICES. OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT OF FEES PAID BY YOU IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM.
10. Licenses & Regulatory Disclosures
Peoples Finance operates as a loan marketplace and technology platform. Lending services in the United States may be facilitated through licensed lending partners. We are not a federally chartered bank or a credit union.
Loans are not available in all states. State-specific licensing information is available upon request. Please contact support@peoples-finance.com for regulatory disclosures applicable to your state or country of residence.
11. Important Disclosures
ANNUAL PERCENTAGE RATE (APR): The APR for our loan products ranges from 4.5% to 35.99% depending on creditworthiness, loan type, term, and other factors. Example: A $10,000 personal loan at 12% APR over 36 months results in 36 monthly payments of $332.14, with a total repayment of $11,957.
NOT FDIC INSURED. NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. This is not a commitment to lend. All loans are subject to credit approval and verification. Borrowing involves risk — only apply for amounts you can comfortably repay.
12. Governing Law & Disputes
These Terms are governed by the laws of the State of New York, United States, without regard to its conflict-of-law principles. Any dispute arising from these Terms shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association, except where prohibited by law.
You agree to waive your right to participate in a class-action lawsuit. Nothing in this section prevents you from filing complaints with applicable regulatory agencies.