Eligibility:
Loan Amount and Tenure:
The approved loan amount and tenure are subject to the applicant’s eligibility and the loan product selected. The loan amount, interest rate, and repayment tenure will be communicated at the time of loan approval.
Interest Rates and Charges:
Interest rates and applicable charges will be as per the prevailing rates and guidelines of Glaring Finance. Any changes in interest rates or fees will be communicated to the borrower in advance.
Repayment Schedule:
Borrowers must adhere to the agreed-upon repayment schedule. Failure to make timely payments may result in penalties or affect credit scores.
Prepayment and Foreclosure:
Borrowers may prepay the loan or foreclose the loan before the agreed-upon tenure. Prepayment charges, if applicable, will be communicated at the time of loan disbursement.
Documentation:
Borrowers must provide accurate and complete documentation during the loan application process. Any discrepancies in the provided information may lead to the rejection of the application.
Data Privacy:
Glaring Finance is committed to protecting the privacy of personal data shared by applicants. The data will be used for loan processing and in accordance with our Privacy Policy.
Legal and Regulatory Compliance:
All loans and related activities will be conducted in compliance with the relevant laws and regulations of the jurisdiction where Glaring Finance operates.
Disbursement and Use of Funds:
The loan amount will be disbursed directly to the borrower’s designated account. The borrower must utilize the funds for the stated purpose specified during the loan application.
Loan Closure and NOC:
The loan will be considered closed only after the full repayment of the principal amount and interest. A No Objection Certificate (NOC) will be issued to the borrower upon successful loan closure.
Customer Support:
Glaring Finance provides customer support to assist borrowers with any queries or concerns related to their loan. Customers can contact our dedicated support team through various communication channels.
Loan Agreement:
Borrowers will be required to sign a loan agreement detailing the terms and conditions, rights, and obligations of both parties. It is essential to thoroughly read and understand the loan agreement before signing.
By applying for a loan with Glaring Finance, the borrower agrees to abide by these terms and conditions. Any deviation from these terms may lead to appropriate action as per the loan agreement and applicable laws. Borrowers are encouraged to seek clarification from our representatives if they have any questions about the terms and conditions.