Terms & Conditions for Prerna Finserv

Welcome to Prerna Finserv. By accessing and using our services, you agree to the following terms and conditions. Please read them carefully before proceeding with any loan application.

1. Eligibility

To avail of our loan services, you must meet the following criteria:

  • Be a resident of India.
  • Be at least 18 years of age.
  • Provide valid identification and income proof as required.
  • Have a valid bank account.

2. Loan Application Process

  • All loan applications are subject to approval based on your creditworthiness, income stability, and documentation.
  • The loan amount approved may vary based on your eligibility.
  • Providing false or incomplete information may result in the rejection of your application.

3. Interest Rate and Repayment

  • The interest rate for loans is 8.5% per annum, as agreed upon during the loan approval process.
  • Repayment terms, including EMI amounts and due dates, will be clearly communicated and must be adhered to.
  • Late payments may attract additional charges, penalties, or affect your credit score.

4. Documentation Requirements

To process your loan application, only two documents are required, such as:

  • Government-issued ID (e.g., Aadhaar, PAN card).
  • Proof of income (e.g., salary slip, bank statement).

You are responsible for ensuring the accuracy and authenticity of all submitted documents.

5. Online Process

  • Our loan process is 100% online. No physical visits to banks or offices are required.
  • You are responsible for maintaining the confidentiality of your login credentials and personal information during the online application process.

6. Privacy and Data Use

Your data will be handled per our Privacy Policy. By using our services, you consent to the collection, use, and sharing of your information as outlined in the policy.

7. Fees and Charges

  • A one-time processing fee may be applicable, as communicated during the application process.
  • Additional charges for late payments or non-compliance will be outlined in your loan agreement.

8. Cancellation and Prepayment

  • Loan cancellation requests must be submitted in writing before disbursal. Once disbursed, loans cannot be canceled.
  • Prepayment of loans is allowed, subject to terms mentioned in your loan agreement.

9. Prohibited Uses of Loan Funds

Loan funds must not be used for illegal activities, gambling, or any purposes prohibited by law. Prerna Finserv reserves the right to verify the end-use of funds if necessary.

10. Limitation of Liability

Prerna Finserv shall not be held responsible for any loss, damage, or delays caused due to:

  • Inaccurate information provided by the user.
  • Technical issues beyond our control.
  • Non-compliance with terms outlined in the loan agreement.

11. Termination of Services

Prerna Finserv reserves the right to terminate or suspend your access to services if you violate these terms or fail to meet repayment obligations.

12. Governing Law

These terms and conditions are governed by and construed under the laws of India. Any disputes arising from these terms shall be subject to the exclusive jurisdiction of the courts in [City/State].

13. Amendments

Prerna Finserv reserves the right to amend these terms and conditions at any time. Updated terms will be published on our website, and continued use of our services constitutes your acceptance of these changes.

14. Contact Us

For any queries regarding these terms and conditions, please get in touch with us:

By using Prerna Finserv’s services, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.