1. Clear and Transparent Loan Solutions
Discover our straightforward and transparent loan solutions, crafted to align with your financial goals:
Maximum Borrowable Amount: ₹300,000
Repayment Period: 91 to 180 days
Processing Fee: No more than 1% of the loan amount
APR (Annual Percentage Rate): 26.43%

Detailed Loan Example
For a loan of ₹15,000 with a repayment period of 91 days at an APR of 26.43%:
Processing Fee: ₹150
GST on Processing Fee: ₹27
Total Deductions: ₹177
In-hand Amount (Loan amount - Total deductions): ₹14,823
Total Interest Payable: ₹978
Monthly EMI: ₹5,326
Total Repayment Amount: ₹15,978
Overall Loan Cost: ₹1,155
Please note that the processing fees and applicable GST are deducted upfront at the time of loan disbursement.



2. Change of Agreement

Any alterations, amendments, or enhancements to the stipulations of this Agreement shall be effectively documented in writing, following the mutual consent and formal endorsement by both participating parties.


3. Loan Amount Confirmation

The amount to be loaned out will correspond to the figure applied for by the borrower and subsequently confirmed by both the borrower and the lender as per the application process. This confirmation will lead to the enactment of the loan, adhering to the conditions specified within this agreement.


4. Repayment Schedule and Penalties

· Start of Repayment Term: The borrower agrees to initiate repayments based on the agreed method and cycle from the activation date of this agreement, until the loan and interest are fully paid.

· Overdue Repayment Interest: Failure to repay on the scheduled date results in the accrual of interest on the overdue amount at the annual rate agreed upon by both parties, until the outstanding loan and interest are settled in full.

· Prepayment Rights: The borrower reserves the right to prepay the loan, whether partially or in full, prior to the maturity of the repayment term.


5. Obligations of the Borrower

a. Comprehension and Compliance: The borrower confirms comprehension of this agreement in full and pledges to comply with every term and condition specified.

b. Accuracy of Provided Data: The borrower guarantees the truthfulness, accuracy, and completeness of all submitted data, free from falsehoods or exclusions.

c. Repayment Commitment: The borrower vows to repay the entire loan amount and accrued interest promptly, according to the specified repayment plan.

d. Approval for Credit Investigation: The borrower permits the loan service provider to conduct necessary inquiries into their credit status and repayment capabilities.


6. Commitments by Visiomed Lend

a. Loan Payment: Visiomed Lend will fulfill its commitment to pay out the loan in accordance with the agreement's terms, delivering the entire amount in one transaction to the borrower.

b. Repayment Planning Assistance: Visiomed Lend commits to providing the borrower with a clear repayment strategy, detailing the repayment timeframe, installment sums, and other necessary details for on-time repayment.

c. Protection of Borrower Information: Visiomed Lend assures the confidentiality of all borrower-related information and repayment data, with a promise against its disclosure or misuse.