Terms & Conditions for Loan Services Provided by MSD FINCORP

1. Nature of Services

• MSD FINCORP provides loan facilitation and financial assistance services to customers seeking suitable loan and financial products.
• MSD FINCORP may assist customers in understanding available loan options, collecting application information, coordinating documentation, and facilitating communication with applicable lending institutions or financial service providers.
• MSD FINCORP is not responsible for the independent credit assessment, approval, sanction, disbursement, interest rate, repayment terms, or other lending decisions made by the applicable lending institution.
• Loan approval is subject to the eligibility criteria, credit assessment, policies, and terms of the applicable lending institution.

2. Eligibility

• Applicants must meet the eligibility requirements applicable to the selected loan product.
• Eligibility may depend on factors such as age, income, employment or business status, credit history, repayment capacity, existing financial obligations, residence, documentation, and other applicable criteria.
• Submission of an application or enquiry does not guarantee loan approval.

3. Loan Application Process

• You agree to provide accurate, current, complete, and genuine information during the loan application process.
• You are responsible for ensuring that all documents and information submitted by you are accurate and valid.
• Providing false, misleading, incomplete, or fraudulent information may result in rejection of the application and may have other consequences under applicable law.
• You authorize MSD FINCORP, where applicable and with the necessary consent, to share the information provided by you with the relevant lending institution or financial service provider for processing your loan enquiry or application.

4. Loan Approval and Disbursement

• Loan approval and disbursement are solely subject to the decision of the applicable lending institution or financial service provider.
• MSD FINCORP does not guarantee approval, sanction, or disbursement of any loan.
• The applicable lending institution may request additional documents, verification, credit checks, or other information before making a lending decision.
• The final loan amount, interest rate, tenure, fees, charges, and repayment schedule will be determined by the applicable lending institution and communicated to the applicant.

5. Loan Terms and Conditions

• Loan terms, including interest rates, processing fees, repayment tenure, prepayment or foreclosure charges, penalties, and other applicable charges are determined by the applicable lending institution.
• Customers should carefully review the loan agreement and applicable documents before accepting any loan offer.
• Customers are responsible for understanding and complying with the terms of the loan agreement entered into with the applicable lending institution.

6. Repayment

• The borrower is responsible for repaying the loan amount, interest, fees, and other applicable charges according to the repayment schedule provided by the lending institution.
• Failure to make repayments on time may result in applicable charges, penalties, collection action, and adverse effects on the borrower's credit profile, subject to applicable law and the terms of the loan agreement.

7. Customer Information and Privacy

• MSD FINCORP may collect personal, financial, employment, business, and other information necessary to provide loan facilitation services.
• Information may be shared with relevant lending institutions or service providers where necessary and legally permitted for processing the customer's loan enquiry or application.
• Customer information will be handled in accordance with the MSD FINCORP Privacy & Security Policy and applicable data protection and privacy laws.

RBI's digital-lending framework emphasizes consent-based data collection and appropriate privacy/security practices for regulated entities and their lending service providers.

8. Customer Responsibilities

• Provide genuine and accurate information.
• Submit valid and required documents.
• Review all loan documents before accepting an offer.
• Make repayments according to the agreed repayment schedule.
• Inform MSD FINCORP or the relevant lending institution if there is any change in important information provided during the application process.

9. Disclaimer

• MSD FINCORP does not guarantee that every applicant will receive a loan.
• Loan approval depends on the independent assessment and decision of the applicable lending institution.
• MSD FINCORP does not guarantee any particular interest rate, loan amount, repayment tenure, or approval time.
• Information displayed or communicated by MSD FINCORP regarding loan products is subject to the applicable product terms and may change from time to time.

10. Limitation of Liability

• MSD FINCORP shall not be responsible for the lending institution's decision to approve, reject, modify, suspend, or cancel a loan application.
• To the extent permitted by applicable law, MSD FINCORP shall not be liable for losses arising from the lending institution's credit decision, loan terms, repayment requirements, or other actions outside MSD FINCORP's reasonable control.

11. Changes to These Terms

• MSD FINCORP may update or modify these Terms and Conditions from time to time.
• Updated Terms will be published on the website and will become effective from the date of publication unless otherwise stated.
• Customers are encouraged to review these Terms periodically.

12. Governing Law

These Terms and Conditions shall be governed by and interpreted in accordance with the applicable laws of India. Any dispute shall be subject to the jurisdiction of the appropriate courts having jurisdiction over Erode, Tamil Nadu, subject to applicable law.

13. Contact Information