Terms and Conditions

Welcome to Mudra Loan. Please read these Terms and Conditions carefully before using our services or applying for a business loan through our website. By accessing this site or using our services, you agree to be bound by these Terms.

1. Eligibility

To be eligible for a loan with Mudra Loans, you must

  • Be at least 30 years of age.
  • Own or operate a registered business in India.
  • Provide valid identification and business documents.
  • Meet our internal credit and risk assessment criteria.

2. Loan Application and Approval

  • Submitting a loan application does not guarantee approval.
  • Loan approval is subject to verification, credit checks, and our internal policies.
  • We reserve the right to decline any application without providing a reason.
  • All information provided by you must be true, accurate, and complete.

3. Interest Rates and Fees

  • Interest rates are determined based on the loan amount, tenure, risk profile, and creditworthiness.
  • Additional charges such as processing fees, prepayment penalties, and late payment charges may apply.
  • A detailed loan agreement will be provided outlining all applicable costs before disbursal.

4. Repayment Terms

  • Repayment schedules are outlined in your loan agreement.
  • Failure to make timely payments may result in penalties, additional interest, and legal action.
  • We reserve the right to report defaults to credit bureaus and initiate recovery proceedings in accordance with applicable laws.

5. Use of Funds

  • Funds disbursed must be used strictly for business purposes.
  • Misuse of funds may lead to immediate loan recall and legal action.

6. Privacy and Data Use

  • We collect and process personal and financial information in accordance with our [Privacy Policy].
  • Your data may be shared with our partners, credit bureaus, and regulatory authorities as required.

7. Third-Party Services

  • Our website may contain links to third-party sites or financial partners.
  • We are not responsible for the content, services, or privacy practices of third-party platforms.

8. Limitation of Liability

  • Mudra Loan shall not be liable for any direct, indirect, incidental, or consequential damages arising from loan application, approval, usage, or denial.
  • We do not guarantee uninterrupted access to our website or services.

9. Modifications

  • We reserve the right to update or change these Terms at any time without prior notice.
  • Continued use of our services after any such changes constitutes your acceptance of the new Terms.

10. Governing Law

These Terms shall be governed by and construed in accordance with the laws of India. Any disputes arising under these Terms will be subject to the exclusive jurisdiction of the courts located in City.