Finbeat
TERMS AND CONDITIONS
Our T&Cs outline your rights and responsibilities when using Finbeat’s services—from loan agreements to website use. No hidden clauses, just straightforward terms designed for student borrowers.
Terms and Conditions
Last Updated: 27th June 2025
Welcome to Finbeat! These Terms & Conditions govern your use of our website and loan services. By accessing Finbeat, you agree to comply with these terms. Please read them carefully.
1. Eligibility
To apply for a Finbeat loan, you must:
- Be at least 18 years old.
- Be an Australian resident or hold a valid student visa.
- Have a verifiable income source (including part-time/casual work).
2. Loan Services
- Loan Types: We offer car and personal loans exclusive for students and valid visa holders.
- Accuracy: You must provide truthful, complete information in your application.
- Approval: All loans are subject to credit assessment and eligibility checks.
3. Interest Rates & Fees
- Rates: Flexible interest rates based on your application.
- Fees: May include establishment fees (clearly disclosed in your loan agreement).
- Changes: Rate changes will be notified in writing with 30 days’ notice.
4. Repayments
- Schedule: Payments are due weekly, fortnightly, or monthly (as agreed).
- Missed Payments: Late fees apply. Persistent defaults may affect your credit rating.
- Flexibility: Payment pauses during exams may be available (conditions apply).
5. Your Responsibilities
- Insurance: You must maintain comprehensive insurance for financed vehicles.
- Vehicle Use: Loans are for personal/educational use only (no commercial fleets).
- Communication: Update us promptly if your contact or financial details change.
6. Privacy & Data
Your personal information is handled per our Privacy Policy. We may share data with:
- Credit reporting bodies.
- Regulatory authorities (e.g., ASIC).
- Service providers (e.g., IT, verification).
7. Dispute Resolution
- Contact Us First: Email info@finbeat.com.au to resolve issues.
- External Help: Unresolved disputes may be referred to the Australian Financial Complaints Authority (AFCA).
8. Limitation of Liability
Finbeat is not liable for:
- Indirect damages (e.g., lost income) from loan use.
- Third-party services (e.g., vehicle dealers).
- Force majeure events (e.g., natural disasters).
9. Changes to Terms
We may update these terms. Continued use of Finbeat constitutes acceptance.
10. Governing Law
These terms are governed by the laws of Victoria, Australia.
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