Terms and conditions

Welcome to Swaroop Finance. By applying for or using our loan products, you agree to the following Terms & Conditions (“Terms”). Please read them carefully.

1. About Us

Swaroop is an NBFC–BL registered with the Reserve Bank of India, holding a valid Certificate of Registration (CoR). We provide secured and unsecured loans including:

Vehicle Loan
Personal Loan
Home Loan
Appliance Loan
Mobile Loan

2. Eligibility

To apply for any loan with Swaroop, you must:

We reserve the right to reject any application at our sole discretion.

3. Loan Terms

Sanction & Disbursement: Loan approval is subject to eligibility checks, document verification, and internal assessment. Disbursement may take place only after completing all due diligence.
Interest Rate & Charges: The applicable interest rate, processing fee, prepayment/foreclosure charges, and other costs will be disclosed in the Sanction Letter provided to you.
Repayment: Borrowers must repay EMIs on or before the due date. Delay or default will attract penal charges and may affect your credit score.
Prepayment/Foreclosure:Allowed as per RBI guidelines and the terms mentioned in your loan agreement.

4. Use of Loan Proceeds

Loan funds must only be used for the declared purpose (e.g., property, business, education, or personal needs).
Misuse of funds may lead to cancellation of the facility, recovery action, and legal proceedings.

5. Documentation & Verification

You must submit valid KYC documents (PAN, Aadhaar, address proof, etc.), income documents, and any other information we require.
We may use Video KYC, CKYC, or third-party verification tools to validate your details.
Providing false or misleading information is strictly prohibited and may lead to loan rejection or legal action.

6. Privacy & Data Usage

By applying, you consent to Swaroop collecting, storing, and processing your personal and financial information for loan processing, servicing, and compliance purposes.
Data may be shared with third parties (credit bureaus, regulators, service providers) as required by law or for loan servicing.
We retain personal data for 60 days after loan closure or as per applicable law.

7. Borrower’s Responsibilities

You agree to:

Provide truthful and up-to-date information.
Ensure timely repayment of EMIs.
Notify us immediately in case of change in address, phone number, employment, or financial status.
Not use the loan for illegal or speculative purposes.

8. Default & Recovery

In case of default, we may initiate recovery measures including reminders, notices, legal action, or repossession of collateral (where applicable).
Your default may be reported to credit bureaus (CIBIL, Experian, etc.) as per RBI guidelines.

9. Limitation of Liability

We strive to provide seamless services but do not guarantee uninterrupted or error-free access to our website, applications, or loan processing systems.
Swaroop is not liable for delays caused by third parties, technical failures, or force majeure events (natural disasters, strikes, etc.).

10. Termination

We reserve the right to terminate or suspend your access to loan services in case of:

False information submission,
Misuse of loan, or
Violation of these Terms.

11. Governing Law & Dispute Resolution

These Terms are governed by the laws of India.
Any disputes will fall under the jurisdiction of courts in [Insert City, State].
Disputes may also be referred to arbitration under the Arbitration and Conciliation Act, 1996.

12. Updates to Terms

We may revise these Terms from time to time. Updated versions will be posted on our website. Continued use of our services after changes implies acceptance.

13. Contact Us

For questions, clarifications, or complaints, please contact:

Swaroop Finance

Email:awatarjoshi@yahoo.com
Phone: 9782118438
Registered Office Address:

23A NETAJI SUBHASH ROAD4TH FLOOR ROOM NO 16, KOLKATA, West Bengal, India, 700001