Welcome to Sunbit. These Terms of Service govern your use of our website and services. By accessing or using our website, submitting a loan application, or using any of our services, you agree to be bound by these Terms. If you do not agree with any part of these Terms, please do not use our services.
Acceptance of Terms
By accessing and using the Sunbit website and services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service, our Privacy Policy, and any additional terms and conditions that may apply. We reserve the right to modify these Terms at any time, and such modifications will be effective immediately upon posting on our website.
Eligibility
To use our services and apply for a loan, you must be at least 18 years of age (or 19 in certain states), a U.S. citizen or permanent resident, have a valid Social Security Number, have a regular source of income, and have an active bank account. By using our services, you represent and warrant that you meet all eligibility requirements and that all information you provide is accurate and complete.
Description of Services
Sunbit operates as a lending marketplace that connects borrowers with third-party lenders. We are not a lender and do not make credit decisions. When you submit a loan application through our platform, we may share your information with lenders in our network who may offer you a loan. Any loan you receive will be subject to the terms and conditions provided by the specific lender who approves your application.
Loan Application Process
When you submit a loan application, you authorize Sunbit and its lending partners to obtain consumer credit reports and verify the information you provide. Initial rate checks use a soft credit inquiry that does not affect your credit score. If you choose to proceed with a loan offer, a hard credit inquiry will be performed, which may impact your credit score. You are responsible for ensuring all information provided in your application is accurate, complete, and current.
No Guarantee of Loan Approval
Submitting an application does not guarantee loan approval. All loan decisions are made by the lenders in our network based on their own underwriting criteria. Sunbit does not guarantee that you will receive a loan offer, and we have no control over the specific terms, rates, or conditions offered by individual lenders.
User Responsibilities
As a user of our services, you agree to provide accurate and truthful information in all communications and applications. You agree not to use our services for any unlawful purpose or in any way that could damage, disable, or impair our website or services. You agree not to attempt to gain unauthorized access to any part of our website, systems, or networks. You agree to notify us immediately if you believe your account or information has been compromised.
Intellectual Property
All content on the Sunbit website, including text, graphics, logos, images, and software, is the property of Sunbit or its content suppliers and is protected by copyright, trademark, and other intellectual property laws. You may not reproduce, distribute, modify, or create derivative works from any content without our prior written consent.
Third-Party Links and Services
Our website may contain links to third-party websites or services. These links are provided for your convenience only. We do not endorse or assume any responsibility for the content, privacy policies, or practices of any third-party sites. Your use of third-party websites is at your own risk and subject to the terms and conditions of those sites.
Disclaimer of Warranties
OUR WEBSITE AND SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. WE DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT OUR SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, OR COMPLETELY SECURE.
Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, SUNBIT AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF OUR SERVICES, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT YOU PAID TO US, IF ANY, FOR USE OF OUR SERVICES.
Indemnification
You agree to indemnify, defend, and hold harmless Sunbit and its officers, directors, employees, agents, and affiliates from and against any and all claims, damages, losses, liabilities, costs, and expenses arising from your use of our services, your violation of these Terms, or your violation of any rights of another party.
Governing Law
These Terms of Service shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law provisions. Any legal action or proceeding arising under these Terms shall be brought exclusively in the courts located in Delaware.
Dispute Resolution
Any dispute arising from or relating to these Terms or your use of our services shall first be attempted to be resolved through informal negotiation. If the dispute cannot be resolved informally, you agree that any claim or dispute shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association.
Termination
We reserve the right to terminate or suspend your access to our services at any time, without notice, for any reason, including but not limited to a breach of these Terms. Upon termination, your right to use our services will immediately cease.
Severability
If any provision of these Terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.
Entire Agreement
These Terms of Service, together with our Privacy Policy and any other legal notices published on our website, constitute the entire agreement between you and Sunbit regarding your use of our services and supersede all prior agreements and understandings.
Contact Information
If you have any questions about these Terms of Service, please contact us at:
Email: [email protected]