Terms and Conditions for Ganapati Finance Pvt Ltd
These Terms and Conditions govern the use of financial services provided by Ganapati Finance Pvt Ltd (referred to as "Company", "we", "us", or "our") to individuals or businesses (referred to as "Customer", "you", or "your"). By applying for a loan or using any of our financial services, you agree to the following terms and conditions:
1. General Terms
1.1 Acceptance of Terms:
By applying for any loan or using our services, you acknowledge that you have read, understood, and agree to abide by these terms and conditions. If you do not agree with any part of these terms, you should not use our services.
1.2 Modification of Terms:
Ganapati Finance Pvt Ltd reserves the right to modify or update these terms and conditions at any time. Any changes will be posted on our official website, and continued use of our services will constitute acceptance of the updated terms.
2. Loan Products and Eligibility
2.1 Loan Types:
We offer various loan products, including Home Loans, Business Loans, Personal Loans, and Loan Against Property (LAP). Each loan type has specific eligibility criteria, interest rates, and repayment terms.
2.2 Eligibility Criteria:
To qualify for a loan, you must meet the eligibility criteria outlined by Ganapati Finance Pvt Ltd. This may include but is not limited to:
- Minimum age requirement of 21 years for personal loans and 18 years for business loans.
- Proof of a stable source of income or business revenue.
- A satisfactory credit score or financial standing.
- Adequate collateral for secured loans.
2.3 Verification:
We reserve the right to verify any information provided by you, including personal, financial, and business details. Providing false or misleading information will result in the rejection of the loan application.
3. Interest Rates and Fees
3.1 Interest Rates:
Interest rates are determined based on the type of loan, loan amount, tenure, and your financial profile. Interest rates are subject to change depending on market conditions. The applicable rate at the time of loan sanction will be binding.
3.2 Processing Fees:
We may charge a non-refundable processing fee for processing your loan application. The fee amount will vary depending on the type and size of the loan and will be communicated upfront.
3.3 Late Payment Charges:
Failure to make timely payments may result in additional charges, including late payment fees, penalty interest, or legal action to recover the outstanding balance.
4. Loan Disbursement and Repayment
4.1 Disbursement:
Upon approval, the loan amount will be disbursed to your account as per the terms agreed upon during the loan approval process. Disbursement times may vary depending on the type of loan and the completion of all necessary documentation.
4.2 Repayment:
You are required to repay the loan amount, along with applicable interest, in installments as per the agreed repayment schedule. Repayments can be made via Electronic Clearing Service (ECS), National Automated Clearing House (NACH), post-dated cheques, or any other method agreed upon at the time of sanctioning the loan.
4.3 Prepayment:
You may choose to prepay the loan in part or in full before the scheduled completion date. Prepayment fees may apply based on the loan agreement.
5. Documentation Requirements
5.1 KYC Documents:
All customers must provide valid Know Your Customer (KYC) documents, including:
- Proof of identity (Aadhaar Card, PAN Card, Passport, etc.).
- Proof of address (utility bills, Aadhaar, voter ID, etc.).
5.2 Income Proof:
Proof of income is required for all loan applications. This may include salary slips, bank statements, income tax returns, or business financial statements.
5.3 Collateral Documents:
For secured loans, customers must submit documents related to the property or asset being used as collateral, including title deeds and proof of ownership.
6. Rights and Responsibilities
6.1 Customer Responsibilities:
As a customer, you are responsible for:
- Providing accurate and up-to-date information during the loan application process.
- Ensuring timely repayments according to the agreed repayment schedule.
- Notifying us immediately of any change in contact details, financial status, or any inability to meet your financial obligations.
6.2 Company Rights:
Ganapati Finance Pvt Ltd reserves the right to:
- Approve or reject any loan application at its discretion.
- Perform credit checks and background verifications.
- Take legal action to recover outstanding loans in case of default.
7. Confidentiality and Data Protection
7.1 Use of Customer Information:
We are committed to maintaining the confidentiality and privacy of our customers. Any information collected during the loan application process will be used solely for processing the loan and related purposes. We may share your information with third parties for verification, credit assessment, or as required by law.
7.2 Data Security:
Ganapati Finance Pvt Ltd follows industry best practices to ensure the security of your personal and financial data. However, we cannot guarantee the absolute security of data exchanged over the internet.
8. Default and Recovery
8.1 Loan Default:
If you fail to make timely payments, your loan will be considered in default. This may result in additional charges, legal action, or the foreclosure of any assets provided as collateral.
8.2 Recovery of Dues:
In case of default, Ganapati Finance Pvt Ltd reserves the right to take necessary legal action to recover the outstanding loan amount, including but not limited to initiating legal proceedings or selling off collateral.
9. Dispute Resolution
9.1 Governing Law:
These terms and conditions are governed by the laws of India. Any disputes arising from the use of our services will be subject to the jurisdiction of courts located in [Cit/State].
9.2 Dispute Resolution:
In the event of any dispute or disagreement, both parties agree to first attempt to resolve the matter through mutual discussion. If a resolution is not reached, the dispute will be referred to arbitration as per the Arbitration and Conciliation Act, 1996.
10. Miscellaneous
10.1 Force Majeure:
Ganapati Finance Pvt Ltd will not be held liable for any delay or failure to fulfill its obligations due to circumstances beyond its control, including but not limited to natural disasters, acts of war, or regulatory changes.
10.2 Severability:
If any part of these terms and conditions is found to be invalid or unenforceable, the remaining provisions will continue to be valid and enforceable.
10.3 Entire Agreement:
These terms and conditions constitute the entire agreement between Ganapati Finance Pvt Ltd and the customer regarding the services provided.
For any questions or further clarifications regarding these terms and conditions, please contact us at:
Ganapati Finance Pvt Ltd
Address: IT Building,Yojana Bhavan Campus, Tilak Marg, C Scheme Jaipur, Rajasthan Pin 302005.
Phone: 8923660563
Email: ganpatifinancepvtltd0998@gmail.com