Terms and Conditions

Terms & Conditions Shukla Financial Services

Last updated: January 2025

Welcome to Shukla Financial Services (“Company”, “we”, “us”, “our”). These Terms & Conditions govern your use of our loan application services, loan disbursements, repayments, and all related financial services offered through our platform and authorized payment gateway partners such as Razorpay.

By accessing our services, submitting a loan application, or making any payment, you (“Customer”, “Borrower”, “User”) agree to be legally bound by these Terms & Conditions.

1. Definitions

“Company” refers to Shukla Financial Services.

“Borrower / Customer / User” refers to any individual applying for or availing a loan.

“Loan” refers to financial assistance generally ranging from ₹30,000 to ₹1,50,000.

“Payment Gateway” refers to Razorpay or any authorized third-party payment processor.

2. Services Offered

Shukla Financial Services provides short-term and medium-term personal loans to eligible individuals, subject to internal credit assessment and verification.

• Loan amount typically ranges from ₹30,000 to ₹1,50,000
• Loan approval is discretionary and not guaranteed
• Interest rates, tenure, and repayment schedules are communicated before disbursement

3. Eligibility

To apply for a loan, the applicant must:

• Be at least 18 years of age
• Be a resident and citizen of India
• Submit valid KYC documents (PAN, Aadhaar, etc.)
• Hold an active bank account
• Meet minimum income or internal eligibility criteria as defined by Company policies

The Company reserves the right to approve or reject any application without providing any reason.

4. Payments & Fees

All payments, including processing fees, interest, EMIs, penalties, and repayments are processed via authorized payment gateway partners such as Razorpay.

• Processing fees once paid are non-refundable
• Applicable charges, taxes, and statutory levies will be disclosed prior to payment
• The borrower is responsible for all applicable taxes and charges

Shukla Financial Services does not store card, UPI, or banking information.

5. Repayment & Default

Borrowers must repay the loan strictly as per the agreed repayment schedule.

• Late or missed payments may attract penalties or additional charges
• Persistent default may lead to recovery actions and legal proceedings
• Credit bureau reporting may be initiated where applicable

6. Limitation of Liability

The Company and its service partners shall not be liable for any indirect, incidental, special, or consequential damages arising from the use of services or payment gateway failures.

Liability, if any, shall be limited to the amount actually paid by the borrower.

7. Amendments

The Company may modify or update these Terms & Conditions from time to time. Continued use of the services after such changes constitutes acceptance of the updated Terms.

8. Governing Law & Jurisdiction

These Terms & Conditions shall be governed by and construed in accordance with the laws of India. Any dispute arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the competent courts located in the region where the Company is registered or operates.