Please read these terms and conditions carefully before using Our Service.
Terms and Conditions for Seyad Shariat Finance Limited
Effective Date: 01/08/2024
Welcome to Seyad Shariat Finance Limited (“Company”, “we”, “us”, or “our”). These Terms and Conditions (“Terms”) govern your access to and use of our services, including Fixed Deposits, Vehicle Loans, Property Loans, and Machinery/Equipment Loans, provided in Tirunelveli, Tamil Nadu, India. By accessing or using our services, you agree to comply with these Terms. If you do not agree, please refrain from using our services.
1. Definitions
– Fixed Deposit: A financial product where customers deposit a specified sum for a predetermined period at a fixed interest rate.
– Vehicle Loan: A loan product designed for financing the purchase of vehicles.
– Property Loan: A loan product intended for acquiring real estate.
– Machinery/Equipment Loan: A loan product for purchasing machinery or equipment.
2. Eligibility
To be eligible for our services, you must:
– Be at least 18 years old.
– Provide valid identification and necessary documentation.
– Meet our credit assessment criteria.
3. Fixed Deposit Terms
1. Deposit Amount: Minimum deposit amount is ₹[insert amount]. Maximum deposit amount is ₹[insert amount].
2. Interest Rate: The interest rate will be communicated at the time of deposit and may vary based on market conditions.
3. Tenure: Fixed deposits can be made for a minimum tenure of [insert duration] months to a maximum tenure of [insert duration] months.
4. Early Withdrawal: Early withdrawal may incur penalties or reduced interest earnings, as specified during account opening.
4. Vehicle Loan Terms
1. Loan Amount: Loan amounts are based on the vehicle’s value and your repayment capacity, with a minimum loan amount of ₹[insert amount].
2. Interest Rate: Interest rates will vary based on market conditions and your creditworthiness.
3. Repayment Period: The repayment period typically ranges from [insert duration] months to [insert duration] months.
4. Collateral: The financed vehicle will serve as collateral for the loan.
5. Property Loan Terms
1. Loan Amount: Loan amounts will depend on the property’s value and your financial profile, with a minimum loan amount of ₹[insert amount].
2. Interest Rate: Interest rates will be determined based on market conditions and individual assessments.
3. Repayment Period: The repayment period usually ranges from [insert duration] months to [insert duration] months.
4. Collateral: The financed property will serve as collateral for the loan.
6. Machinery/Equipment Loan Terms
1. Loan Amount: Loan amounts depend on the machinery/equipment’s value and your financial situation, with a minimum loan amount of ₹[insert amount].
2. Interest Rate: Interest rates will be set based on market conditions and individual credit assessments.
3. Repayment Period: The repayment period generally ranges from [insert duration] months to [insert duration] months.
4. Collateral: The financed machinery or equipment will serve as collateral for the loan.
7. Fees and Charges
You may incur fees associated with our services, including but not limited to:
– Processing fees
– Late payment fees
– Prepayment penalties
All fees will be disclosed prior to the initiation of any service.
8. Privacy Policy
We are committed to protecting your privacy. Your personal information will be collected, used, and stored in accordance with our Privacy Policy, which is available on our website.
9. Governing Law
These Terms shall be governed by and construed in accordance with the laws of India, specifically those applicable in Tirunelveli, Tamil Nadu. Any disputes arising under these Terms shall be subject to the exclusive jurisdiction of the courts located in Tirunelveli.
10. Amendments
We reserve the right to amend these Terms at any time. Any changes will be communicated to you via email or through our website.
11. Contact Information
For questions or concerns regarding these Terms, please contact us at:
Seyad Shariat Finance Limited
1st Floor, Kanagadhara Building
54B/8A S. N. High Road
Tirunelveli, Tamil Nadu, India
+91 462 233 8284
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By using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.