Terms and Conditions

Ramesham Credit & Securities (India) Limited

1. Introduction

Welcome to Ramesham Credit & Securities (India) Limited ("Ramesham Credit," "we," "our," or "us"). By accessing our services or website, you agree to comply with these Terms and Conditions. Please read them carefully. If you disagree with any part of these terms, you must discontinue using our services.

2. Definitions

- Customer: Refers to any individual or entity applying for or availing of financial products or services provided by Ramesham Credit.
- Loan Agreement: A binding contract between Ramesham Credit and the Customer outlining loan terms, repayment schedules, and other conditions.
- RBI Guidelines: Rules and regulations issued by the Reserve Bank of India (RBI) governing NBFC operations.

3. Scope of Services

Ramesham Credit offers:
- Personal Loans
- Business Loans
- SME Financing
- Other financial products and services as may be introduced periodically.

4. Eligibility Criteria

  • Be at least 18 years old.
  • Be a resident of India.
  • Provide valid identification documents as per KYC norms.
  • Meet the credit assessment criteria determined by Ramesham Credit.

5. Loan Application Process

  1. Customers must submit accurate and complete information during the application process.
  2. Loan approval is subject to eligibility verification, creditworthiness assessment, and adherence to RBI guidelines.
  3. Ramesham Credit reserves the right to reject any application without providing a reason.

6. Interest Rates and Fees

  • Interest rates are determined based on market conditions, credit risk assessment, and other factors.
  • Processing fees, late payment charges, and other applicable fees will be clearly disclosed before loan disbursement.
  • All charges are non-refundable unless explicitly stated.

7. Repayment Obligations

Customers are required to repay the loan as per the agreed schedule outlined in the Loan Agreement. Late or missed payments may attract additional charges and impact the Customer’s credit score. Prepayment of loans is subject to applicable prepayment charges, if any.

8. Data Privacy and Security

Ramesham Credit adheres to strict data protection standards. Customer data will only be used for purposes outlined in our Privacy Policy. We may share data with credit bureaus, regulators, or authorized third parties for compliance and service delivery purposes.

9. Compliance with Laws

Ramesham Credit operates in full compliance with applicable laws, including but not limited to:
- Reserve Bank of India Act, 1934
- Prevention of Money Laundering Act, 2002
- Credit Information Companies (Regulation) Act, 2005

10. Customer Responsibilities

  • Provide accurate and truthful information during the application and loan tenure.
  • Notify us immediately of any change in contact details, employment status, or financial circumstances.
  • Use borrowed funds strictly for the purpose specified in the Loan Agreement.

11. Grievance Redressal

Customers can raise complaints or queries via email at compliance@rameshamsecurities.com . Complaints will be resolved within 30 working days in accordance with our Grievance Redressal Policy.

12. Governing Law and Jurisdiction

These Terms and Conditions are governed by the laws of India. Any disputes arising shall be subject to the exclusive jurisdiction of courts in Gurugram, Haryana.