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KMHF

Terms & Conditions

  1. Introduction

Welcome to KMHF Services. These Terms and Conditions govern the relationship between KMHF Services (“the Company”, “we”, “us”, “our”) and its clients (“you”, “your”). By using our services, you agree to comply with these Terms. Please read them carefully before proceeding with our services.

  1. Services Offered

KMHF Services provides a wide range of financial services, including but not limited to:

  • Personal Loans
  • Business Loans
  • LAP Loans (Loan Against Property)
  • MSME Loans (Micro, Small, and Medium Enterprises)
  • Women Group Loans
  • Agriculture Loans
  • Home Loans

We offer these services to clients across India, subject to the eligibility criteria and the availability of the loan programs.

  1. Fees and Charges

At KMHF Services, we charge a Security Money for the loan application, which serves as a security measure to ensure the loan process continues smoothly. Below are the detailed fee structures:

Fees & Charges

Security Money: ₹3896

Refundable Amount: ₹3300 (Refunded upon successful loan disbursement)

Purpose: This fee is charged to ensure that customers do not cancel or abandon the application during the processing phase.

Once the loan is successfully processed and approved, ₹3300 of the Security Money will be refunded to you along with the disbursed loan amount.

  1. Loan Approval, Disbursement & Processing

Once the loan application is approved, the Company proceeds with the necessary steps to disburse the loan. The following conditions apply:

  • Security Deposit: After the security money deposit is made by the customer, the file officially enters the processing phase.
  • File Under Process: The loan file will only be marked as “under process” after the customer’s security money deposit is confirmed.
  • Sanction Letter: Once the loan is fully approved, a sanction letter will be issued to the customer, clearly mentioning all the conditions of the loan, including loan amount, interest rates, repayment schedules, and other terms as applicable.
  1. Physical Verification
  • As part of our commitment to ensuring the authenticity of the loan application, KMHF Services conducts a physical verification of the customer’s details.
  • Our corporate office team will visit the customer’s location to verify the documents provided, and the verification will be completed with physical copies of the documents.
  • ECS (Electronic Clearing Service) will be set up to facilitate automated loan repayments directly from the customer’s bank account.
  • District Court Registration: The loan agreement will be registered with the relevant district court to ensure its legal standing.
  1. Cancellation Due to Non-Availability
  • If the customer is unavailable for the physical verification, or if the customer fails to provide the required documents during the verification process, the Company reserves the right to cancel the loan application.
  • The cancellation will occur if the verification team cannot successfully complete the physical verification or if the documents provided do not match the required standards.
  1. GST Charges
  • After the sanction letter is issued, the customer may incur GST (Goods and Services Tax) charges.
  • The GST Tax applicable is 18% on the processing fees and other charges incurred by the customer.
  • The customer is required to pay this GST charge, which will be mentioned separately in the sanction letter.

“As per Indian Government regulations, the Company charges 18% GST on services rendered, which includes loan processing fees and any additional service fees incurred during the loan process.”

  1. Refund Policy
  • If the loan application is canceled by the customer before disbursement, the processing fee will not be refunded, as it is considered non-refundable.
  • In case of cancellation by the Company or failure in loan disbursement, the refundable amount will be processed within 30 days.
  1. No Guarantor/Income Proof Requirement

We understand that some applicants may face difficulties in providing income proof or finding a guarantor. Therefore, KMHF Services does not require income proof or a guarantor for loan approval. This policy is aimed at providing financial assistance to individuals and businesses who may otherwise struggle to meet traditional lending criteria.

  1. Insurance Coverage

As part of our services, we offer free insurance coverage to our customers for the duration of the loan term. This coverage is aimed at providing added security to the loan beneficiaries.

  1. Customer Responsibilities

By agreeing to the Terms and Conditions, you confirm that:

All the information provided to the Company is accurate and complete.

You agree to repay the loan amount as per the agreed terms.

You will promptly notify the Company of any changes in your personal or financial situation that may impact your loan repayment.

  1. Liability and Dispute Resolution

KMHF Services will not be held liable for any loss or damage arising from any action or omission of the customer. Disputes regarding loans, repayments, or fees will be settled under the jurisdiction of as per Indian law.

  1. Privacy Policy

Your privacy is important to us. KMHF Services is committed to protecting your personal and financial information. We will not share or disclose your personal details without your explicit consent, except as required by law or for the purposes of loan processing and disbursement.

  1. Changes to Terms and Conditions

KMHF Services reserves the right to modify, update, or amend these Terms and Conditions at any time. Any changes will be communicated to customers through our website, email, or other communication channels. It is your responsibility to review the Terms and Conditions regularly to stay updated on any changes.

  1. Customer Data Security

We prioritize the security of your personal and financial data. All data shared during the loan process is protected under India’s Data Protection Laws, and we employ advanced encryption methods to safeguard your information.

  1. Acknowledgment

By applying for a loan through KMHF Services, you acknowledge that you have read and understood these Terms and Conditions. You also confirm that the information provided is accurate and truthful to the best of your knowledge. You agree to comply with the terms and conditions stated above.