Eligibility & Application Requirements
1. Minimum Qualification: 10th pass (matriculation).
2. Office Space: Minimum 250 sq. ft. required.
3. PAN Card: A valid PAN is mandatory.
4. Application Submission: Must include:
* Duly filled application form
* Bio Data
* Passport-size photographs
* Self-attested supporting documents
5. Loan Sourcing: Must provide fresh loan cases with all required documentation for priority processing.
6. Exclusive Association: Must work solely with India Finance Limited. Dual associations will result in immediate termination without notice.
7. Data Collection: Must collect complete and accurate loan applications from clients and submit them promptly.
8. Agent Responsibilities:
* Ensure timely EMI payments by borrowers.
* Submit post-dated cheques on time.
* Assist in recovery for defaults or delays.
9. Policy Compliance: Must not violate company’s loan terms or policies.
10. Commission Handling:
* Agents are strictly prohibited from cash collections.
* Commissions will be disbursed directly by the company as per agreed terms.
11. Agreement Validity:
* Initially valid for 3 months.
* Formal agreement issued only after police verification from the local station.
12. Performance Review:
* Non-compliance or failure to meet targets will lead to termination without prior notice.
13. Post-Termination Clause: Once terminated, the agent must cease all loan-related activities under India Finance Limited immediately.

Primary Terms & Conditions for Loan Applicants

1. Loan Range: ₹1,000 to ₹50 lakh (₹50,00,000).
2. Interest Rate: 5% flat per annum.
3. EMI Options: Monthly, Quarterly, Half-Yearly, Annually.
4. Loan Tenure: From 1 year to 25 years.
5. Eligibility: Available to salaried individuals in State or Central Government departments across India.
6. Early Repayment Benefit: Interest relaxation may be offered for early closure.
7. Processing & Legal Charges: To be borne by the applicant:
* File charges
* Property verification
* Mortgage deed
* Registration
* Agent commission
8. Loan Approval: Based on thorough documentation review and eligibility assessment.
9. Disbursement Timeline: Within 7 working days post document verification, via cheque or bank draft.
10. Agent Limitation: Agents cannot approve, sanction, or disburse loans. They act solely as facilitators.
11. Employer Undertaking Clause: If the Head of Department or Salary-in-Charge refuses to provide an undertaking, the application may be rejected.
12. Non-Refundable Fees: Processing fees will not be refunded in case of rejection or voluntary withdrawal.
13. Legal Consent: Application submission confirms acceptance of all stated and future terms post verification.
14. Payment Mode: Processing fees must be paid through bank transfer only—no cash or offline payments accepted.
15. Legal Jurisdiction: All disputes will fall under Delhi jurisdiction only.

Additional Notes

* Flat Interest: 5% annually (non-reducing balance).
* Flexible Repayment: 1 to 25 years.
* Minimal Paperwork: Simple documentation process.
* Document Format: All copies must be self-attested Xerox.
* Core Values: We strive for transparency, long-term relationships, and professionalism.