Terms and Conditions
-
Acceptance of Terms
By accessing and using Bright Financial Services, Finance services, you agree to comply with these terms and conditions. If you do not agree with any part of the terms, please refrain from using our services.
-
Loan Eligibility
Applicants must be 18 years or older. Eligibility depends on factors such as credit history, income, and employment status. BFS reserves the right to approve or reject any loan application without explanation.
-
Documentation Requirements
To apply for a loan, you need to submit valid documents, including:
- Identity Proof (Aadhar, PAN, etc.)
- Address Proof
- Income Proof
- Vehicle or Property-related documents (as applicable)
-
Interest Rates and Charges
Interest rates are determined based on the type of loan, applicant profile, and prevailing market conditions. Additional charges may include processing fees, late payment penalties, and foreclosure charges.
-
Loan Disbursement
Loan disbursement is subject to the successful verification of all submitted documents. BFS is not responsible for delays caused by incomplete or incorrect information provided by the applicant.
-
Repayment and Default
Repayment must be made according to the agreed schedule. In case of default, BFS reserves the right to take legal action and repossess the collateral (if applicable).
-
Data Privacy
Your personal information will be handled as per our Privacy Policy and will not be shared with unauthorized third parties.
-
Modifications to Terms
BFS Loan Company reserves the right to update these terms at any time without prior notice. You are encouraged to review the terms periodically.
-
Governing Law
These terms and conditions are governed by the laws of India, and any disputes will be subject to the jurisdiction of local courts.