Personal Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
Require the funds to fulfil your dreams of purchasing a car, own a house or to go on a vacation. Apply for a personal loan at the Lord Fincap and turn your dreams into reality. The company provides collateral-free loans to fulfill the urgent financial needs of the people by extending the funds up to ₹5 lacs at the reasonable rate of interest. More details about the loan offered by the company is given below:
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Lord Fincap Personal Loan Details
Particulars | Details |
Interest Rate | Customised |
Loan Amount | ₹50,000 – 5,00,000 |
Tenure | 12- 60 months |
Processing Fee | Based on company's policy |
How To Apply
To apply for a personal loan call on the customer care number or send an e-mail. You can even avail the loan by visiting the branch office located in Delhi and Jaipur.
Lord Fincap Personal Loan EMI Calculator
EMI stands for Equated Monthly Installment. It is the convenient monthly amount that the borrower has to pay to settle the loan availed. The EMI consists of both principal and interest amount. This amount can be computed using the EMI calculator, a device designed specifically to help the borrower know his monthly installment amount. It’s working is very simple. The user just needs to enter the loan amount, tenure and the rate of interest. It will automatically calculate the result. And will reveal the total interest amount charged on the loan.
For Example – A person avails a loan of ₹5,00,000 for his daughter’s wedding for the period of 5 years at say, the interest rate of 20% p.a. , then his computed EMI will be ₹13,247.
Table Showing EMI, Total Interest Amount and Total Repayment Amount
Loan Amount (in ₹) | Interest Rate (p.a.) | Tenure (in years) | EMI (in ₹) | Total Interest Amount (in ₹) | Total Repayment Amount (Principal + Interest) (in ₹) |
5,00,000 | 20% | 1 | 46317 | 55807 | 5,55,807 |
5,00,000 | 20% | 2 | 25448 | 1,10,750 | 6,10,750 |
5,00,000 | 20% | 3 | 18582 | 1,68,945 | 6,68,945 |
5,00,000 | 20% | 4 | 15215 | 2,30,329 | 7,30,329 |
5,00,000 | 20% | 5 | 13247 | 2,94,817 | 7,94,817 |
Amortization Table
Year | Principal (in ₹) | Interest (in ₹) | Balance Amount (in ₹) |
1 | 64681 | 94283 | 4,35,319 |
2 | 78872 | 80092 | 3,56,447 |
3 | 96175 | 62789 | 2,60,272 |
4 | 1,17,276 | 41688 | 1,42,996 |
5 | 1,43,213 | 15960 | 0 |
Eligibility Criteria:
The candidate with a stable source of income and belonging to the below- mentioned category is eligible to avail a loan from the company:
- Salaried Individuals
- Business Owners
- Partnership/ Pvt. Ltd. Company
- Professionals
Documentation
Category | Documents Required |
Identity Proof | Any of the following documents are acceptable as proof of identity - Passport Driving Licence Voter ID Card Aadhar Card PAN Card |
Address Proof | Any of the following documents is acceptable as address proof -
Driving Licence Ration Card Gas Bill with Gas book |
Income Proof Documents | Bank Statement for last 6 months Post Dated Cheques and Electronic Clearing Mandates Legal Documents as stipulated by the finance company Collateral Security as advised by the finance company Any other document as advised by the finance company |
Factors Affecting Personal Loan Eligibility
The factors that affect Personal loan eligibility are:
- Monthly Income
- Age
- Monthly Expenses
- Any Other Loan
- Credit History
- Job Stability
- Category of your Employer
Features & Benefits
- Avail loans from ₹50,000 – 5,00,000
- Flexible repayment tenure ranging from 12 – 60 months
- Competitive interest rate
- No collateral or security required
- Minimal paperwork and hassle free processing
- Fast loan approval
Lord Fincap Contact Details
You can call on the customer care number to pose your query and gain further details of the product. The expertise service is available on the telephone and email. Call on 011-41632058/59 or send an e-mail on the mail id provided on the company’s official website.