Terms and Conditions
Welcome to Navkar Finovision India Private Limited (hereinafter referred to as “Navkar Finance” or “the Company”). By using our services, you agree to comply with the following Terms and Conditions. Please read these terms carefully before proceeding with any application or service.
1. Nature of Services
Navkar Finance acts as an intermediary to facilitate funding arrangements between clients and lending institutions, including banks and NBFCs (Non-Banking Financial Companies). Loan approvals and disbursements are contingent on the client’s credit profile and other eligibility criteria set by the respective lenders.
2. Non-Refundable Service Fee
The Company charges a non-refundable service fee, payable upfront at the time of application. Regardless of the loan outcome, this fee will not be refunded under any circumstances. This fee is necessary because it covers the costs associated with processing your loan application, which are passed on to the bank or NBFC for loan assessment. Additionally, the fee helps support our ongoing efforts to enhance and maintain our digital platform, ensuring a better user experience. For more details, read our blog: Clearing the Air Addressing Misconceptions About Navkar Finance.
3. Binding Agreement and Acknowledgment
By submitting a loan application, the client agrees to these Terms and Conditions, confirming that they have read, understood, and accepted them. This acceptance forms a binding agreement between the client and the Company.
4. Credit Profile Evaluation
Loan eligibility depends on the assessment of the client’s credit profile, conducted by both Navkar Finance and associated funders. The final decision on loan approval rests solely with the funders.
5. Prohibition of Cash Transactions
The Company strictly prohibits cash payments. Any cash payments made by the client will not be recognized, acknowledged, or refunded.
6. Designated Payment Account
All payments must be made directly to the official account of Navkar Finance. Account details will be provided upon application submission.
7. Accuracy of Documentation
The client is responsible for providing accurate and complete documentation. Failure to do so may result in suspension or termination of services without any refund of the service fee.
8. Confidentiality Obligations
The Company ensures the confidentiality of client information and shares it only with authorized lenders or funders for processing the loan application.
9. Consequences of Misrepresentation
Providing false, misleading, or inaccurate information will lead to the immediate termination of services, and the service fee will be forfeited.
10. Right to Refuse Service
Navkar Finance reserves the right to refuse service to any applicant at its sole discretion without any obligation to provide an explanation.
11. Intellectual Property Rights
All materials, logos, and content on this website are protected by intellectual property laws. Clients may use these materials solely for the purpose of their application process. Unauthorized use is strictly prohibited.
12. Client Information Use
Clients consent to the use of their personal and financial information for service provision, including sharing such data with authorized lenders or funders.
13. Force Majeure
The Company shall not be held liable for any delay or failure to perform its obligations due to unforeseen circumstances such as natural disasters, acts of God, governmental actions, or other events beyond its control.
14. Communication Protocol
All official communications will be conducted via email or other written forms as deemed appropriate. It is the client’s responsibility to provide current and accurate contact information.
15. Updates to Terms and Conditions
The Company reserves the right to modify these Terms and Conditions at any time. Updates will be posted on the website, and continued use of services will constitute acceptance of the revised terms.
16. Disclaimers and Client Responsibilities
- The Company does not guarantee loan approval or endorse the financial stability of any lender.
- It is the client’s responsibility to ensure they meet the eligibility criteria set by the lenders.
17. Third-Party Services
The Company may involve third-party providers to assist in the loan process. These providers may access client information as required to perform their services.
18. Transparency in Non-Refundable Fees
The non-refundable processing fee serves the following purposes:
- Payment to Funders: A portion of the fee is used to process the loan application with banks or NBFCs.
- Operational Costs: The fee helps cover expenses for seamless, digital loan services and supports the technology and infrastructure required for quick processing.
- Transparency: All policies, including non-refundability, are clearly outlined during the application process.The non-refundable processing fee serves the following purposes:
For detailed information, please read our privacy policies as well.