1. LOAN DISBURSEMENT & INTEREST
* Processing/file charges, if applicable, are payable only after loan approval and issuance of the Approval Letter and are separate from the sanctioned loan amount. Loan approval and disbursement remain subject to the bank/NBFC’s terms and eligibility.
* Loan disbursement and interest calculation shall be as per the terms of the concerned bank/NBFC and the final Sanction Letter.
2. REPAYMENT & PENALTIES
* EMIs must be paid on or before the scheduled due date. Delayed payments may attract applicable penal charges as per lender policy.
* Cheque/NACH bounce may attract applicable bounce charges.
* Loan repayment history may be reported by the concerned lender to CIBIL and other credit bureaus.
3. FORECLOSURE & PRE-PAYMENT
* Foreclosure or partial pre-payment shall be governed by the concerned lender’s policy and applicable RBI guidelines.
4. BORROWER COVENANTS
* The borrower must inform Vitta Flow Services and/or the concerned lender of any material change in address, employment or contact details.
* The loan shall be used only for the declared purpose and not for any illegal or prohibited activity.
5. LEGAL JURISDICTION
* Any legal dispute relating to the loan shall be governed by the jurisdiction and terms mentioned in the final lender documents.
Loan Agreement
VittaFlow Services Standard Loan Terms and Conditions
Clear repayment, foreclosure, borrower covenant, and jurisdiction terms for VitaFlow Finance loan agreements.
Review before signing
Read the agreement terms and keep your repayment schedule, fees, and document records clear.