Terms of Service and Privacy Policy — Use of AI

Welcome to Loan Factory! Loan Factory operates the website https://www.loanfactory.com and offers an AI-powered application called Ask Moso to assist users in filling out various loan applications. By using our website and services, you agree to comply with and be bound by the following terms and conditions of use. Please read these terms carefully before using our services.

1. Acceptance of Terms

By accessing or using our website and services, you agree to be bound by these terms and conditions, as well as our Privacy Policy. If you do not agree with any part of these terms, you may not access or use our services.

2. Definitions

• 2.1. "User" refers to any individual or entity using Loan Factory's website or services.
• 2.2. "Personal information" includes but is not limited to user-provided information such as name, address, contact details, and financial information.
• 2.3. "Loan application" refers to any application for a loan or financial product facilitated through Loan Factory's services.

3. Description of Service

https://www.loanfactory.com provides an AI-powered application named Ask Moso that assists users in filling out various loan applications by analyzing and processing the personal information and documents provided by the user.

4. User Consent

By using our services, you consent to allow https://www.loanfactory.com to access, analyze, and store the personal information and documents uploaded by you. This includes but is not limited to driver's licenses, bank reports, bank statements, and other relevant documents required for loan application purposes.

5. Data Security

https://www.loanfactory.com takes the security and privacy of your personal information seriously. We employ industry-standard security measures to protect your data from unauthorized access, disclosure, alteration, or destruction. However, no method of transmission over the internet or electronic storage is 100% secure, and we cannot guarantee absolute security.

6. Use of Information

The information and documents provided by users are used solely for the purpose of assisting in loan application processes. We do not sell, rent, or share your personal information with third parties for marketing purposes.

7. Data Retention

We retain the personal information and documents uploaded by users only for as long as necessary to fulfill the purposes outlined in this policy unless a longer retention period is required or permitted by law.

8. User Responsibilities

Users are responsible for the accuracy, completeness, and legality of the information and documents uploaded to our platform. Users should ensure that they have the necessary rights and permissions to upload and share such information.

9. Changes to Terms and Privacy Policy

https://www.loanfactory.com reserves the right to update or modify these terms and privacy policy at any time without prior notice. Any changes will be effective immediately upon posting on our website. Continued use of our services after any such changes constitutes your acceptance of the revised terms.

10. Contact Us

If you have any questions or concerns regarding these terms or our privacy practices, please contact us at info@loanfactory.com.

Acknowledgment

By using our website and services, you acknowledge that you have read, understood, and agree to be bound by these terms and conditions.