Terms And Conditions

Welcome to AADVI SELF MADE SERVICES FOUNDATION. These Terms and Conditions govern your access to and use of our microfinance services. By applying for a loan or using any of our financial services, you agree to be legally bound by the following terms.

1. Eligibility Criteria:
All applicants must meet the eligibility requirements set by the organization. This includes age criteria, identity verification, income assessment, and other financial parameters. The company reserves the right to accept or reject any application without providing any reason.

2. Loan Application & Approval:
Submission of a loan application does not guarantee approval. Each application undergoes a thorough verification process including document validation, field verification, and creditworthiness assessment. Approval is solely at the discretion of the organization.

3. Documentation:
Applicants must provide valid and authentic documents such as Aadhaar Card, PAN Card, address proof, income proof, and any additional documents required by the company. Submission of forged or incorrect documents may lead to immediate rejection or legal action.

4. Loan Amount & Disbursement:
The sanctioned loan amount will be based on eligibility and internal policies. Disbursement will be made through bank transfer or approved digital payment methods only. Cash disbursement is not encouraged unless specified.

5. Interest Rates & Charges:
Interest rates, processing fees, service charges, and any other applicable fees will be clearly communicated at the time of loan approval. These charges may vary based on loan type and risk assessment.

6. Repayment Terms:
Borrowers must repay the loan in Equated Monthly Installments (EMIs) or as per the agreed schedule. Timely repayment is mandatory. Failure to pay on time may result in penalties, additional interest, or recovery proceedings.

7. Late Payment & Penalties:
In case of delayed payment, late fees or penal interest will be charged as per company policy. Continuous default may impact the borrower’s creditworthiness and future loan eligibility.

8. Prepayment & Foreclosure:
Borrowers may choose to prepay or foreclose the loan before the tenure ends. Applicable charges or conditions, if any, will be informed in advance.

9. Use of Loan:
The loan amount should be used only for the purpose stated during application. Misuse of funds may lead to cancellation of the loan and recovery action.

10. Confidentiality & Data Protection:
All personal and financial information provided by the borrower will be kept strictly confidential. The data will be used only for internal processing, verification, and compliance with legal or regulatory authorities.

11. Right to Modify Terms:
AADVI SELF MADE SERVICES FOUNDATION reserves the right to modify, update, or change these terms and conditions at any time without prior notice. Continued use of services will be considered acceptance of such changes.

12. Recovery & Legal Action:
In case of default or non-payment, the organization reserves the right to initiate recovery procedures including legal action, as per applicable laws and regulations.

13. Customer Responsibilities:
Borrowers must maintain proper communication with the organization, inform about any change in address or contact details, and ensure timely payments.

14. Dispute Resolution:
Any disputes arising out of these terms shall be subject to the jurisdiction of the local courts. Efforts will be made to resolve disputes amicably before initiating legal proceedings.

15. Acceptance of Terms:
By availing our services, you confirm that you have read, understood, and agreed to all the above terms and conditions.