Terms and Conditions
Terms & Conditions
Bhandari Finance and Investment Pvt. Ltd.
Introduction ▼
Welcome to Bhandari Finance and Investment Pvt. Ltd. (hereinafter referred to as "the Company," "We," "Us"). By accessing our website bhandarifinance.com, visiting our branch at Kokate Complex, Shivaji Nagar, Nanded, or applying for our loan services, you agree to be bound by these Terms and Conditions.
Eligibility Criteria ▼
To avail of loan services, the Applicant must meet the following criteria:
- Citizenship: Must be a Resident Indian.
- Age Limit: Minimum 21 years and maximum 60 years at loan maturity.
- Capacity: Must be legally competent per the Indian Contract Act, 1872.
- Income: Must meet minimum income criteria defined by our credit policy.
Loan Sanction & Discretion ▼
The granting of a loan is at the sole discretion of the Company. We reserve the right to reject any application without assigning a reason. The final terms (Interest Rate, Tenure, EMI) are governed by the specific Sanction Letter issued to you.
KYC & Documentation ▼
In compliance with RBI KYC Directions, you agree to provide valid self-attested copies of documents including PAN Card, Aadhaar Card, and Income Proof. You authorize us to verify this information via third-party agencies.
Credit Bureau Reporting ▼
We are required to report your repayment history to these bureaus monthly. Non-payment or delayed payment of EMI will be reported as a default and will negatively impact your credit score.
Interest, Charges & Repayment ▼
- Repayment: Loans must be repaid via NACH, UPI, or Cheque on the designated Due Date.
- Penal Charges: Delayed payments will attract penal charges as per the loan agreement.
- Bounce Charges: Applicable for every dishonored Cheque or NACH instruction.
Default & Recovery ▼
In the event of default, the Company may recall the entire outstanding loan amount. Legal proceedings may be initiated under Section 138 of the Negotiable Instruments Act. All recovery activities strictly follow the RBI’s Fair Practices Code.
Governing Law & Jurisdiction ▼
These Terms are governed by the laws of India. Subject to arbitration, the courts in Nanded, Maharashtra shall have exclusive jurisdiction over any disputes arising from these terms.
If the complaint is not resolved within 30 days, you may appeal to the Officer-in-Charge of the Regional Office of the Department of Non-Banking Supervision (DNBS) of the RBI.
1. Introduction
Welcome to Bhandari Finance and Investment Pvt. Ltd. (hereinafter referred to as "the Company," "We," "Us"). By accessing our website bhandarifinance.com, visiting our branch at Kokate Complex, Shivaji Nagar, Nanded, or applying for our loan services, you agree to be bound by these Terms and Conditions.
2. Eligibility Criteria
To avail of loan services, the Applicant must meet the following criteria:
- Citizenship: Must be a Resident Indian.
- Age Limit: Minimum 21 years and maximum 60 years at loan maturity.
- Capacity: Must be legally competent per the Indian Contract Act, 1872.
- Income: Must meet minimum income criteria defined by our credit policy.
3. Loan Sanction & Discretion
The granting of a loan is at the sole discretion of the Company. We reserve the right to reject any application without assigning a reason. The final terms (Interest Rate, Tenure, EMI) are governed by the specific Sanction Letter issued to you.
4. KYC & Documentation
In compliance with RBI KYC Directions, you agree to provide valid self-attested copies of documents including PAN Card, Aadhaar Card, and Income Proof. You authorize us to verify this information via third-party agencies.
5. Credit Bureau Reporting
We are required to report your repayment history to these bureaus monthly. Non-payment or delayed payment of EMI will be reported as a default and will negatively impact your credit score.
6. Interest, Charges & Repayment
- Repayment: Loans must be repaid via NACH, UPI, or Cheque on the designated Due Date.
- Penal Charges: Delayed payments will attract penal charges as per the loan agreement.
- Bounce Charges: Applicable for every dishonored Cheque or NACH instruction.
7. Default & Recovery
In the event of default, the Company may recall the entire outstanding loan amount. Legal proceedings may be initiated under Section 138 of the Negotiable Instruments Act. All recovery activities strictly follow the RBI’s Fair Practices Code.
8. Governing Law & Jurisdiction
These Terms are governed by the laws of India. Subject to arbitration, the courts in Nanded, Maharashtra shall have exclusive jurisdiction over any disputes arising from these terms.
If the complaint is not resolved within 30 days, you may appeal to the Officer-in-Charge of the Regional Office of the Department of Non-Banking Supervision (DNBS) of the RBI.