Terms & Condition
1. Introduction
Welcome to F for B Micro Foundation. By accessing our website and applying for our business loan services, you agree to comply with and be bound by the following Terms & Conditions. Please read them carefully before using our services.
2. Eligibility
To apply for a loan, the applicant must:
- Be at least 18 years of age
- Be an Indian citizen
- Provide valid identity and business documents
- Meet our internal credit and eligibility criteria
Loan approval is subject to verification and company policies
3. Loan Application
- Submission of an application does not guarantee loan approval
- The company reserves the right to approve or reject any application
- Applicants authorize us to verify their personal, financial, and business details
4. Loan Disbursement
- Approved loan amounts will be disbursed to the applicant’s registered bank account
- Disbursement timelines may vary depending on verification and processing
5. Interest Rates & Charges
- Interest rates, processing fees, and other charges will be clearly communicated before approval
- Rates may vary based on loan type, tenure, and borrower profile
- Additional charges may apply for late payments or defaults
6. Repayment Terms
- Borrowers must repay the loan as per the agreed schedule (EMI or lump sum)
- Failure to repay on time may result in penalties or legal action
- Early repayment terms will be defined in the loan agreement
7. Late Payment & Default
- Late payments may attract penalty charges
- Continuous non-payment may lead to loan default
- The company reserves the right to initiate recovery or legal proceedings
8. Use of Loan
- The loan must be used only for business purposes
- Misuse of funds may result in cancellation of loan facility
9. Data Privacy
- All personal and financial information will be handled as per our Privacy Policy
- By using our services, you consent to data collection and verification
10. User Responsibilities
- Provide accurate and complete information
- Do not use the platform for fraudulent or illegal activities
- Maintain confidentiality of login credentials
11. Limitation of Liability
F for B Micro Foundation shall not be liable for:
- Any indirect or consequential losses
- Delays caused by third-party services or technical issues
12. Changes to Terms
We reserve the right to update or modify these Terms & Conditions at any time. Continued use of our services means you accept the updated terms
13. Governing Law
These Terms shall be governed by the laws of India. Any disputes will be subject to the jurisdiction of local courts.
14. Contact Information
F for B Micro Foundation
Email : info@fforbmicrofoundation.com
Phone : +91 9922299235