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Credit Sudhaar Finance Loan Terms and Conditions
To be eligible for a loan from CSF, the client :
must have a minimum net income of Rs 40,000 per month. All figures need to be validated by documentation. All documentary proof must be acceptable to the underwriting team of Credit Sudhaar Finance.
must have a debt burden ratio of less than 40 % at the time of application of the loan*. Debt Burden ratio is defined as the sum of total EMIS
( including the proposed loan EMI ) divided by the person's monthly net income. All figures need to be validated by documentation. All documentary proof must be acceptable to the underwriting team of Credit Sudhaar Finance.
must be willing to offer collateral in the form of immovable residential property** or guarantors(3/Three) with a good bureau track record to Credit Sudhaar Finance.
must be staying in an owned house/parental house.
must consent to mortgage ( if applicable ) of the immovable property as mentioned in clause (iii) to Credit Sudhaar Finance***. Such mortgage may, depending on the decision of the underwriting team of Credit Sudhaar Finance, take the form of a registered mortgage
must consent to any and all verifications including, but not restricted to , residence verifications, office verifications, property valuations and submit any documentation, including income documents as may be required by the officers of Credit Sudhaar Finance.
must participate in all counselling sessions initiated by the credit counsellors of Credit Sudhaar Services Pvt Ltd during the course of the membership
must take all steps necessary to implement the advice of the credit counsellors of Credit Sudhaar Services Pvt Ltd during the course of the membership
must implement all the advice of the Credit counsellor which is intended to improve the credit profile of the client
must maintain all existing credit card and loan accounts in good standing
must be willing to pay any fees, charges and interest that may be decided by the underwriting team of Credit Sudhaar Finance
must abide by all other Credit Sudhaar and Credit Sudhaar Finance rules, terms, and policies
*The maximum loan amount loan tenure allowable under the loan program from CSF is 24 months.
**Such immovable property must be in the same location as the individual and must be acceptable to the underwriting team of Credit Sudhaar Finance.
***The loan amount must not exceed 40 % of the current market value of the property.
Credit Sudhaar strives to extend a wide array of offers to our members, but our offers may not be able to cover all financial services or products. While the offers are predominantly based on the credit profile of our members, some of these offers may be from our partners where we have a saleable arrangement. Such agreements help us to continue to extend best possible services to our members and regularly invest in the user experience.