Terms and Conditions

1. Acceptance of Terms

By accessing and using InstantDisbursal's instant loan disbursal services, you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.

2. Service Description

InstantDisbursal provides instant personal loan disbursal services, including:

• Instant loan applications with 5-minute processing time
• Real-time loan approval using AI-powered systems
• Immediate fund disbursal to your bank account
• 24/7 availability for emergency loan applications
• Loan amounts from ₹5,000 to ₹50,000
• Flexible repayment terms and competitive interest rates

3. Eligibility Requirements

To apply for an instant loan, you must meet the following criteria:

• Be at least 21 years of age and not more than 65 years
• Be an Indian citizen or resident
• Have a valid bank account in your name
• Have a minimum monthly income of ₹15,000
• Provide valid identity and address proof
• Have a valid mobile number and email address
• Meet our creditworthiness assessment criteria

4. Loan Terms and Conditions

Instant loan terms:

• Loan amounts: ₹5,000 to ₹50,000
• Interest rates: 1.5% to 3.5% per month (18% to 42% APR)
• Processing fees: 2% to 5% of loan amount
• Repayment period: 3 to 12 months
• Late payment charges: ₹500 per month
• Prepayment charges: 2% of outstanding principal
• Processing time: 5 minutes to 1 hour

5. Application and Approval Process

Our instant approval process includes:

• Online application form completion
• Real-time identity verification
• Instant credit assessment using AI algorithms
• Bank account verification
• Income and employment verification
• Instant approval decision within 5 minutes
• Immediate fund disbursal upon approval

6. Payment and Repayment Terms

Payment terms and conditions:

• EMI payments due on the same date each month
• Auto-debit facility available for convenience
• Multiple payment options: NEFT, UPI, debit card
• Grace period: 3 days from due date
• Late payment fees apply after grace period
• Default consequences: legal action and credit bureau reporting
• Early repayment discounts available

7. Data Collection and Privacy

We collect and process personal information as described in our Privacy Policy to provide our instant loan services. By using our services, you consent to our data practices and agree to our Privacy Policy, which is incorporated into these terms by reference.

8. User Responsibilities

You agree to:

• Provide accurate and complete information
• Keep your account credentials secure and confidential
• Make timely EMI payments as per the schedule
• Notify us immediately of any changes in contact details
• Use the loan amount for legitimate purposes only
• Comply with all applicable laws and regulations
• Not provide false information or misrepresent your identity

9. Interest Rates and Fees

Our fee structure includes:

• Processing fee: 2% to 5% of loan amount (non-refundable)
• Interest rate: 1.5% to 3.5% per month
• Late payment fee: ₹500 per month
• Bounce charges: ₹500 per failed transaction
• Prepayment charges: 2% of outstanding principal
• Legal charges: Actual costs in case of default
• No hidden charges or additional fees

10. Default and Recovery

Default consequences:

• Payment overdue for more than 30 days constitutes default
• Credit bureau reporting for default accounts
• Legal action may be initiated for recovery
• Collection agency involvement for overdue accounts
• Asset attachment and bank account freezing
• Legal costs to be borne by the borrower
• Impact on future credit eligibility

11. Service Availability and Limitations

Service limitations:

• Services available 24/7 subject to system maintenance
• Approval not guaranteed for all applications
• Processing time may vary based on verification requirements
• Bank processing delays are beyond our control
• Technical issues may cause temporary service unavailability
• Geographic restrictions may apply in certain areas

12. Limitation of Liability

InstantDisbursal shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from your use of our services. Our total liability shall not exceed the amount of the loan disbursed to you.

13. Modification of Terms

We reserve the right to modify these terms at any time. Changes will be posted on our website and will become effective immediately. Your continued use of our services after changes constitutes acceptance of the modified terms.

14. Governing Law

These terms and conditions are governed by and construed in accordance with the laws of India. Any disputes arising from these terms or our services shall be subject to the exclusive jurisdiction of the courts in Mumbai, India.

15. Contact Information

For questions about these Terms and Conditions, please contact us: