Mohit Finance

Terms and Conditions

These Terms and Conditions (“Terms”) govern the loan services provided by Mohit Finance (“Company,” “we,” “our,” “us”) to the borrower (“you,” “your”). By applying for or availing a loan from us, you agree to be bound by these Terms.

1. Eligibility

  • You must be at least 18 years of age.

  • You must be a resident of [Country].

  • You must provide valid identification and financial documents for verification.

2. Loan Application & Approval

  • Submitting a loan application does not guarantee approval.

  • Approval is subject to verification, credit assessment, and company policies.

  • We may reject or cancel applications without giving reasons.

3. Loan Disbursement

  • Loan amount will be disbursed only after successful verification and agreement signing.

  • Disbursement timeline may vary depending on banking/technical factors.

4. Interest & Charges

  • Interest rates, processing fees, late payment charges, and other applicable fees will be clearly communicated at the time of loan approval.

  • Interest is calculated as per the agreed rate in the loan agreement.

5. Repayment

  • Borrower must repay the loan in monthly installments (EMIs) as scheduled.

  • Late payments will attract penalties and may affect your credit score.

  • Prepayment or foreclosure may be allowed, subject to applicable charges.

6. Borrower’s Obligations

  • Provide accurate and truthful information during loan application.

  • Maintain sufficient balance in the bank account for EMI auto-debit.

  • Inform the company of any change in contact details, employment, or financial status.

7. Default & Recovery

  • Failure to repay on time will be treated as default.

  • The company reserves the right to initiate legal proceedings or engage recovery agencies.

  • Your credit bureau records may be negatively impacted in case of default.

8. Data Usage & Privacy

  • Your personal and financial data may be used for verification, credit assessment, and reporting to credit bureaus.

  • Refer to our Privacy Policy for detailed information on data handling.

9. Termination

  • The company reserves the right to terminate the loan agreement in case of fraud, misrepresentation, or default.

  • Borrower can close the loan by paying all outstanding dues, including principal, interest, and applicable charges.

10. Governing Law & Jurisdiction

  • These Terms shall be governed by the laws of [Country].

  • Any disputes will be subject to the exclusive jurisdiction of the courts in [City/State].

11. Contact Us

For queries regarding these Terms, please contact:

Mohit Finance
Email: info@mohitfinance.online
Phone: +91-9679421687
Address: Mumbai