Terms and Conditions – Reliance Finance
Please read these terms and conditions carefully before availing any financial products or services from Reliance Finance. By accessing or using our services, you agree to be bound by these terms and conditions.
Eligibility: a. Applicants must meet the eligibility criteria set by Reliance Finance for each specific financial product or service. b. Age, income, creditworthiness, and other factors may be considered when determining eligibility.
Loan Amount and Interest Rates: a. The loan amount offered will depend on various factors, including the applicant’s eligibility, income, and creditworthiness. b. Interest rates will be determined based on factors such as prevailing market rates, credit scores, and loan tenure. c. Reliance Finance reserves the right to modify interest rates and loan amounts at its discretion.
Repayment and Prepayment: a. Borrowers are required to repay the loan amount in accordance with the agreed-upon repayment schedule. b. Prepayment options may be available, subject to applicable charges and terms set by Reliance Finance. c. Failure to make timely repayments may result in additional charges, penalties, and adverse effects on credit scores.
Processing Fee and Other Charges: a. A processing fee will be applicable and is subject to a range of 0% to 3% of the loan amount. b. Other charges such as documentation fees, late payment fees, and legal charges may apply as per the terms and conditions set by Reliance Finance.
Documentation and Verification: a. Borrowers must provide accurate and complete documentation as requested by Reliance Finance for loan processing and verification purposes. b. Reliance Finance reserves the right to verify the provided information and may request additional documents or information if necessary.
Termination and Default: a. Reliance Finance may terminate or suspend any financial product or service in the event of default, breach of terms, or non-compliance with applicable laws and regulations. b. Defaulting on loan payments may result in legal actions, recovery proceedings, and adverse effects on credit history.
Privacy and Data Protection: a. Reliance Finance is committed to protecting the privacy and confidentiality of customer information. b. Personal information collected during the application and verification process will be handled as per our privacy policy.
Dispute Resolution: a. Any disputes or claims arising out of or relating to the financial products or services provided by Reliance Finance shall be subject to the applicable laws and jurisdiction.
Amendments and Modifications: a. Reliance Finance reserves the right to modify, amend, or update these terms and conditions at any time without prior notice. b. It is the responsibility of the customer to regularly review the terms and conditions for any changes.
By availing our financial products or services, you acknowledge that you have read, understood, and agreed to these terms and conditions. If you do not agree with any part of these terms, please refrain from using our services. For further information or clarification, please contact Reliance Finance directly.