Terms and Conditions

1. Introduction

Welcome to Jay Shree Mahakal Finance Services ("we," "our," or "us"). These Terms and Conditions ("Terms") govern your use of our website and services. By accessing or using our services, you agree to be bound by these Terms.

2. Loan Services

2.1 Loan Products

We offer various loan products including but not limited to:

• Personal Loans
• Home Loans
• Education Loans
• Car Loans
• Business Loans
• Loan Against Property (LAP)

2.2 Eligibility

To be eligible for our loan services, you must:

• Be at least 21 years of age and not more than 65 years at loan maturity
• Be an Indian citizen or NRI
• Have a regular source of income
• Meet our credit score requirements
• Provide all required documentation

3. Application Process

3.1 Application Submission

By submitting a loan application, you:

• Confirm that all information provided is true and accurate
• Authorize us to verify the information provided
• Consent to credit checks and background verification
• Agree to provide additional documentation if requested

3.2 Application Review

We reserve the right to:

• Approve, reject, or modify any loan application
• Request additional information or documentation
• Verify information through third-party sources
• Set loan terms and conditions at our discretion

4. Interest Rates and Fees

4.1 Interest Rates

Interest rates are determined based on:

• Credit score and credit history
• Income and employment status
• Loan amount and tenure
• Type of loan
• Market conditions

4.2 Processing Fees

Processing fees range from 0.5% to 2% of the loan amount and are non-refundable. Additional charges may apply for:

• Late payment penalties
• Bounce charges for returned payments
• Legal and recovery expenses
• Documentation charges

5. Repayment Terms

5.1 EMI Payments

Borrowers must:

• Pay EMIs on the due date each month
• Maintain sufficient balance in the designated account
• Notify us of any changes in bank account details
• Pay late fees for delayed payments

5.2 Prepayment

Borrowers may prepay the loan after 6 months without any prepayment charges. Partial prepayments are allowed subject to minimum amount conditions.

6. Default and Recovery

6.1 Default

A loan will be considered in default if:

• EMI payments are overdue by more than 90 days
• False information was provided in the application
• The borrower becomes insolvent or bankrupt
• Any covenant under the loan agreement is breached

6.2 Recovery Actions

In case of default, we may:

• Report to credit bureaus
• Initiate legal proceedings
• Enforce security interests
• Engage recovery agents

7. Privacy and Data Protection

We are committed to protecting your privacy. Personal information collected will be used for:

• Processing loan applications
• Credit assessment and verification
• Compliance with regulatory requirements
• Marketing our products and services (with consent)

8. Disclaimer

We make no warranties or representations regarding:

• The accuracy of information on our website
• The availability of our services
• The suitability of our products for your needs
• Uninterrupted access to our website

9. Limitation of Liability

Our liability is limited to the extent permitted by law. We shall not be liable for:

• Indirect, incidental, or consequential damages
• Loss of profits or business opportunities
• Technical failures or system downtime
• Third-party actions or services

10. Governing Law

These Terms shall be governed by the laws of India. Any disputes arising out of these Terms shall be subject to the exclusive jurisdiction of the courts in Bhopal, Madhya Pradesh.

11. Changes to Terms

We reserve the right to modify these Terms at any time. Changes will be effective immediately upon posting on our website. Continued use of our services constitutes acceptance of the modified Terms.

12. Contact Information

For questions about these Terms and Conditions, please contact us: