Terms And Conditions

Loan Amount

The minimum loan amount will be ₹10,000/- and maximum of ₹1 crore - Loan amount.

Loan Approval

After considering all the facts and aspects of the loan application, the applicant will be intimated in due course of time regarding approval of the loan by the FDMS Capital. The loan will be approved after thoroughly checking your documents, etc.
The FDMS Capital provides loans to the customers through its own funds and the Company has tie-ups with several banks. The Company is authorized to provide you loans through these banks as well.

Interest and charges

The interest rates range between 12% yearly. The interest shall be calculated for the actual number of days the loan remains outstanding, it refers to the period between the date of the loan disbursement and the date of closure.
A grace period up to 3 days on the due date may be allowed to the client at the sole discretion of the Company. For the purpose of calculation of interest, a year will be counted as 365 days. Interest is calculated on 30 days compounding basis.

Purposes

The loan can be extended to anyone who is having short-term or long-term funds requirements like capital for establishment/expansion of business activity, personal requirements, or domestic needs including medical expenses, education, vehicle, etc. Loans shall not be availed for any speculative, illegal, or unlawful purposes that violate the laws of the Country.

Tenure of the Loan

All loans are sanctioned for a minimum tenure of 1 Years and a maximum period of 25 Years. Once the loan is availed, the term of the loan can’t be extended under any circumstances.

Eligibility for the Loan

Any individual who holds Indian Citizenship and fulfills all requirements for the loan and KYC norms as per RBI guidelines is eligible to apply for a loan. The basic documents that are mandate every loan are:

• Valid id proof like Pan card, Voter ID Card.
• Valid residential address proof Aadhaar Card, Passport, Driving Lisence.
• Income proofs such as ITR, Salary slip, Bank statement
• Bank Account Number

Nomenclature

The company aims at sorting out the financial crisis of the customer and providing him with instant cash as early as possible. Here, all the loans are given as a demand loan. It is either the client(customers) who contacts the Company or our representatives who contact the client(customers) on the basis of the information made available to the Company by the clientsusing our website.

Loan Disbursal

Once the applicant submits all papers and completes all formalities as per the Company’s requirement, the finance company will disburse the loan one working day through Online payments.

Penal interest

In the event of failure on the part of the borrower to pay the EMI along with interest and other charges on the due date or within the grace period permitted, penal interest as decided by the Company shall be charged over and above the regular interest prospectively.

Loan Repayment

The repayment of the loan is accepted on a monthly basis. The client has to pay the EMIs every month until the tenure of the loan is complete and the full debt has been cleared. It is the duty of the client(customer) to pay EMIs on a timely basis as it not only saves late fees charges but it also improves the CIBIL score of the client.br> However, if the client fails to pay the EMI of the loan in any particular month, a late fee interest of 1.5% will be charged on a daily basis on the EMI amount.

Relaxation on the Interest

If the full and final repayment of the loan amount is made before the stipulated period, then the applicant may get relaxation on interest.

The Company May Demand

TThere are chances that the Company may demand the following elements in order to complete the procedure of the loan. The Company will choose whether to demand these from you or not based on the following three criteria:
• The type of loan you have availed
• The amount of loan you have demanded
• Your Locality like city-area

Non-Refundable Charges

If the customer fails to complete the loan procedure due to any reasons or problem, then service charges and other charges in the process taken will be non-refundable.

Suspension of Services

The Company may also suspend services on the web or cancel loan requests for any customer at its sole discretion without assigning any reason, whatsoever.

If Any Party Fails to Complete the Process

If the customer is unable to complete the process, the following will be applicable:
1. The Company will not refund any amount in such cases. The Company is not responsible for or liable for, any action, claims, demands, losses, damages, costs, charges, and expenses that a customer may suffer, sustain or incur due to the offer.
2. If the Company is unable to disburse the loan amount due to mismatch of the details in UIADI document or bank account number or any other related documents then the loan seeker/customer may not make any issues or from the legal aspects because he/she could not applied with genuine documents or details to the company.

Transaction Issues

Returned, Disputed or Un-Authorized / fraudulent transactions by the customers will not be considered.
However, if there are genuine transaction issues, needful actions will be taken in favour of the customer.

Recovery Agents

The Company has a specific Recovery Department that takes care of the recovery of the loan amount. There are many authorized recovery agents in this department who are responsible for recovering the money in case a client fails to pay the EMI. If a client does not pay EMIs on a timely basis, then these recovery agents will take over and try to recover the loan amount in a manner they deem fit. These agents can call you or reach out to you at the provided address. They have their own way of dealing with defaulter clients and the Company has no say in it, whatsoever.

Fraud Prevention

All kinds of fraudulent activities or attempts to defraud, whether it is by our employees or outsiders, must be brought to the knowledge of the Management as soon as it is detected so that we can take appropriate action against the miscreant.
Employees of Central/State Government
A loan may be given to any person working in State/ Central Government within India.

Disputes

If the client holds any grudges against the company due to any reasons, the client must not, in any case, stage protests, damage the property of the Company, fight, abuse, etc. then the Company is entitled to take legal action against the client.