Effective Date: 01.13.2025
Welcome to Loans for Federal Employees. By accessing or using our website and services, you agree to comply with and be bound by the following Terms of Use (“Terms”). If you do not agree to these Terms, please refrain from using our website and services.
These Terms apply to all users of the Loans for Federal Employees website, including but not limited to federal employees, postal workers, military personnel, and government contractors.
1. Acceptance of Terms
By accessing or using the website and services provided by Loans for Federal Employees, you acknowledge that you have read, understood, and agreed to these Terms of Use. These Terms govern your use of the website and any services or products offered through the website.
2. Eligibility
To be eligible for our allotment loans, you must be a federal or postal employee, or a government contractor with a stable, long-term position. All loans are subject to employment verification. We do not offer loans to individuals who do not meet these criteria.
3. Use of Our Website
You agree to use the website for lawful purposes only. You are prohibited from using the website:
- To violate any applicable laws or regulations.
- To interfere with or disrupt the website’s functionality.
- To engage in activities that are fraudulent or harmful.
4. Privacy and Data Protection
We respect your privacy and are committed to protecting your personal information. By using our services, you consent to the collection, storage, and use of your personal data as outlined in our Privacy Policy.
5. Loan Application Process
By applying for a loan, you agree to provide accurate, up-to-date information about your employment and income. The application process involves verifying your employment status through secure federal databases. If we find discrepancies or if you fail to meet our eligibility requirements, we reserve the right to deny your loan application.
6. Loan Approval and Disbursement
Loan approval is based on employment verification, not traditional credit checks. If approved, loans will be disbursed via the method agreed upon in the loan application. Allotment loans will be repaid through payroll deductions.
7. Loan Repayment
Repayment of loans will be automatically deducted from your paycheck via payroll allotment. The loan amount, including any interest or fees, will be repaid according to the terms specified in the loan agreement.
8. Fees and Interest
The interest rates, fees, and repayment terms for allotment loans will be outlined in your loan agreement. You agree to pay all applicable fees as part of your loan obligations. Any changes to these terms will be communicated to you in advance.
9. Restrictions
You agree not to:
- Reproduce, modify, distribute, or create derivative works from any content on the website without prior written permission.
- Use the website to engage in any illegal activity or activity that could damage the reputation of Loans for Federal Employees.
10. Dispute Resolution
Any disputes arising out of or relating to these Terms or the services provided by Loans for Federal Employees will be resolved through binding arbitration, rather than in court. By agreeing to these Terms, you waive your right to participate in a class action lawsuit.
11. Limitation of Liability
Loans for Federal Employees will not be held liable for any damages, losses, or expenses arising out of the use or inability to use the website or services, including but not limited to indirect, incidental, punitive, or consequential damages.
12. Modifications to Terms
We reserve the right to modify or update these Terms at any time. Any changes will be posted on this page, and the revised Terms will be effective immediately upon posting. You are encouraged to review these Terms regularly to stay informed of any changes.
13. Governing Law
These Terms of Use are governed by and construed in accordance with the laws of the state where Loans for Federal Employees operates, without regard to its conflict of law principles.
14. Contact Information
If you have any questions or concerns about these Terms of Use, please contact us at [email protected].
By using our services, you confirm that you have read, understood, and agreed to the Terms of Use outlined above.