1. Introduction & Acceptance of Terms
Welcome to Subilash Finance. By registering an account, verifying your identity, or applying for credit facilities through this platform, you agree to comply with and be bound by these Terms of Service. If you do not agree to these terms, you are prohibited from utilizing our microfinance lending services.
2. Borrower Eligibility
To qualify for a loan application on the Subilash Finance platform, you must meet the following mandatory criteria:
- Must be a legal citizen and resident of the Republic of India.
- Must be at least 18 years of age at the time of application submission.
- Must possess a valid savings bank account in an RBI-licensed bank.
- Must have a verifiable source of regular monthly income.
3. Mandatory KYC Verification
We operate under strict compliance and anti-fraud gating. All users must upload clear, unaltered photocopies of their required KYC documents combined into a single PDF document. These include:
Note: Loan approvals will remain locked until our internal compliance auditors manually verify your KYC documents. The submission of fraudulent or third-party documents is a criminal offense and will result in immediate profile suspension and reporting to the appropriate authorities.
4. Fees, Late Charges & the 1% Penalty Policy
Subilash Finance is committed to transparent lending, and in return, requires strict repayment compliance from our borrowers.
Default Late Fee: 1% Principal Penalty
If you fail to pay your scheduled EMI installment within its active due date, an instant **1% default penalty on the total loan principal amount** will be calculated and appended to your active balance. The 1% penalty is compounded and applied on each missed schedule.
Carrier & Message Fees: To keep you informed of your loan actions, payment due alerts, OTP dispatches, and WhatsApp invoices are sent automatically. By accepting these terms, you consent to receive platform updates on your phone and agree that standard carrier message and data rates may apply.
5. Repayments & Autopay Services
Repayments must be processed directly on the dashboard portal using Razorpay UPI, Netbanking, or debit cards.
- Payment Cycle: Dependent on the approved plan (daily, weekly, fortnightly, or monthly).
- Advance Pay: Borrowers are authorized to pay single EMIs or complete full loan foreclosures in advance via the dashboard modal without paying early-termination penalties.
- Autopay Mandate: In order to maintain high repayment scores, borrowers may activate the recurring autopay feature to let Razorpay process deductions on the exact EMI due dates automatically.
6. Account Suspension & Suspension
Subilash Finance reserves the absolute right to suspend, restrict, or completely block access to active client dashboard accounts under the following events: (a) repeated repayment default histories, (b) document fraud detected inside KYC vault, (c) attempts to bypass security endpoints, or (d) violating the system code of conduct.
Have questions about our lending terms?
Our customer support division is available to assist you with all loan queries.
Contact Support