Terms and Conditions

Welcome to Indo Fin! By applying for a personal loan with us, you agree to comply with and be bound by the following terms and conditions. Please read these terms carefully before applying for our services.

1. Introduction

Indo-Euro Investments Company Ltd (Indo Fin) is a registered Non-Banking Financial Company (NBFC) recognized by the RBI, established in 1979. We offer personal loans across India to help meet your financial needs, with easy application processes and fast disbursal. By accessing our website and applying for a loan, you agree to adhere to these terms and conditions.

At Indo Fin, we understand that your financial needs vary, and we are committed to offering you personalized financial products that best suit your situation. With years of experience, we aim to provide affordable, flexible, and reliable personal loan solutions.

2. Loan Eligibility Criteria

  • Age: 21 to 60 years.
  • Income: Minimum monthly income of Rs. 10,000.
  • Documents: Valid identification proof, address proof, and income documents.
  • Credit History: Good credit score is essential (subject to internal assessment).

Our eligibility criteria are designed to ensure we offer loans to customers who are most likely to benefit from our services and can comfortably repay the loan. We use a detailed internal assessment to match you with the right financial product.

3. Loan Amount and Tenure

  • Minimum Loan Amount: Rs 10,000
  • Maximum Loan Amount: Rs 2,00,000
  • Repayment Tenure: Up to 72 months (6 years)
  • Interest Rate: 2% per month (approximately 24% annualized)

Our loan amounts and tenure options are designed to provide you with flexibility in repayment, ensuring you get the financial support you need without undue stress. Whether you're looking to cover personal expenses or consolidate debts, Indo Fin has you covered.

4. Application Process

  • Easy Online Application: Complete the loan application form on our website.
  • Instant Eligibility Check: Receive an immediate eligibility check based on your information.
  • Document Verification: Quick and seamless document verification.
  • Loan Disbursal: After approval, funds are disbursed within 10 minutes directly to your bank account.

The entire loan application process is simplified for you, making it quick and easy to apply and receive a loan without the need for physical paperwork or branch visits. We believe in fast and efficient service to meet your immediate financial requirements.

5. Processing Fees

  • Processing Fees: 2% of the loan amount.
  • EMI Bounce Charges: Rs 590 per bounced EMI.
  • No Pre-Closure Charges: There are no charges for loan pre-closure.

We aim to keep our fees transparent and affordable. Processing fees are kept low to ensure that you can access financial support with minimal upfront costs.

6. Interest and Charges

  • Interest Rate: 2% per month (approx. 24% annual rate).
  • Late Payment Fees: Applicable as per the loan agreement for late payments.
  • Annual Percentage Rate (APR): Approx. 24% including processing fees and other charges.

We strive to offer competitive and transparent interest rates to ensure that our customers are clear about their repayment obligations. Our loan products are designed to be affordable and flexible, with no hidden charges.

7. Repayment Terms

Loan repayments are to be made monthly through auto-debit from your bank account. You can also repay via cheque or at partner locations. Make sure to repay the loan before the due date to avoid penalties and maintain a good credit history.

Failure to make repayments on time may lead to a negative impact on your credit score, and we reserve the right to take appropriate legal action if necessary.

8. Privacy Policy

We value your privacy. The personal information provided by you is used solely for the purpose of processing the loan application and providing services as per our agreement. We do not share your personal details with third parties without your explicit consent, except as required by law or our business partners who assist us in delivering services.

9. Termination and Suspension

We reserve the right to terminate or suspend your access to our services if you violate any of the terms and conditions set forth in this agreement. In such cases, you will still be liable to pay all outstanding amounts on your loan.

10. Contact Information

If you have any questions or concerns regarding these terms and conditions or our services, feel free to contact us:

  • Email: [email protected]
  • Phone: +91-78307 12203
  • Address: Nirlon House, IIIrd Floor, Dr. Annie Besant Road Mumbai 400030 IN