Following are the terms and conditions for availing loan from Pooja Finelease Ltd.
1. Credit approval i.e. decision to Approve or Reject any loan application is at the sole discretion of Pooja Finelease Ltd.
2. Pooja Finelease Ltd. Does not collect any fee of any kind to approve or process loan in advance or does not collect any file charges in cash to approve or process the loan. Customers are not supposed to pay anyone any amount in cash to get the loan approved, all such payments will be considered as a bribe and will automatically lead to rejection of loan application.
3. Terms of Loan: Loan Amount, Interest Rates and File charges are approved for any loan are decided according to internal policy of Pooja Finelease Ltd and are communicated to the customer at the time of singing the Loan Agreement.
4. Total Disbursement made for any loan is done after deducting file charges. No amount is to be paid to anyone get the loan approved and if found that any such payment is made to anyone then in that case all such payments will be considered as a bribe and will automatically lead to rejection of loan application.
5. Repayment: Before loan disbursement customer are required to provide full PDCs and sign ACH form along with loan agreement. Customers are expected to pay EMI by the means of ACH/PDCs on due date.
6. ACH / Cheque bounce: Customer will pay Rs.750 at each & every Cheque / ACH bounces.
7. Late fee: Customer is liable to pay late fee as per Pooja Finelease Ltd policy for all payments made after due date.