EMI Payment Mode

• Remaining Tenure after 1st EMI : 9 Months
• From the 2nd month onwards, EMI must be paid through ECS or Post-Dated Cheques only.
• If the Client chooses Weekly Payment, the EMI’s must be paid via UPI (Gpay / Phone pe etc.)
• EMI’s must be paid directly, No Agents are assigned for collections

ECS / Cheque Return Policy

If an EMI is not honoured due to cheque / ECS return, the total payable is:

1. • EMI Amount: Rs. 11,723/-
   • Return Charges: Rs. 2,000/- per transaction
   • Total Payable: Rs. 13,723/-
2. • EMI Amount: Rs. 5,862/-
   • Return Charges: Rs. 1,000/- per transaction
   • Total Payable: Rs. 6,862/-

Pre Closure Policy

• Loans can be pre-closed only after 5th Month of Payment
• If a client pre-closed the loan in the 3rd Month and has already paid 2 months interest through EMI, that interest will be deducted from the Pre Closure Charges and the remaining balance along with the outstanding principal must be paid

General Conditions

• Loan disbursement is subject to document verification and approval
• EMI Payments must be paid on time, delays may attract penalties
• Repeated EMI defaults may lead to legal action and affect credit worthiness
• The company policies and charges may be updated with notice
• All legal disputes are subject to jurisdiction as per company norms
• In case of the borrower’s demise during the loan tenure, the nominee provided at the time loan application shall be responsible for repaying the outstanding loan amount as per the agreed schedule, without any delay