Terms & Conditions

Welcome to www.sankalpfinanceltd.com (the “Site”), operated by Sankalp Finance, a Non-Banking Financial Company (NBFC) duly registered under the Companies Act, 2013. Our registered office is located at 5 MANGAL CITY COLONY DEWAS ROAD, Ujjain UJJAIN, Madhya Pradesh 456010 India. These Terms & Conditions (“Terms”) govern your access and use of the Site, as well as any financial services offered by us, including loan products and related services. By accessing this Site or applying for any loan, you agree to be legally bound by these Terms, including our Privacy Policy. It is essential that you read these Terms carefully before proceeding with any transaction or interaction on our platform, as they outline your rights, responsibilities, and the limitations applicable to the use of our services.

We reserve the right to modify or update these Terms at any time without prior notice. Such changes will be posted on this page, and your continued use of the Site after changes constitutes acceptance of the updated Terms. We recommend reviewing these Terms periodically to stay informed about your obligations and our service policies. Your use of the Site also indicates your acceptance of any such updates or modifications.

1. Services Offered

Sankalp Finance specializes in providing a variety of loan products including personal loans, business loans, and MSME financing, tailored for salaried individuals, self-employed professionals, and small to medium enterprises. Our services encompass the entire loan lifecycle—from application, eligibility assessment, credit verification, disbursal, to repayment management. We leverage both digital and offline channels to ensure a seamless customer experience, maintaining transparency, fairness, and regulatory compliance throughout the process.

2. Eligibility and Application Process

Loan applicants must satisfy certain eligibility criteria, including but not limited to: being an Indian citizen between 21 and 60 years of age, possessing valid KYC documents as per RBI norms, having a stable and verifiable income source supported by salary slips, bank statements, or IT returns, and maintaining a satisfactory credit history without any significant defaults or fraudulent activities. Submission of an application is an expression of interest and does not guarantee loan approval. Sankalp Finance retains the sole discretion to accept or reject loan applications based on comprehensive credit evaluation, risk assessment, and internal lending policies. The company may also request additional documentation or information during the processing phase.

3. Loan Terms and Conditions

Loan approvals are subject to multiple terms including applicable interest rates that depend on the applicant’s creditworthiness, loan amount, and tenure. Processing fees, applicable taxes, prepayment charges, and other costs will be transparently communicated before loan disbursal. Repayment will be scheduled through Equated Monthly Installments (EMIs), with detailed statements provided to the borrower. Late payments may incur penalties and adversely affect credit scores reported to authorized credit bureaus. The loan disbursal and repayment terms will strictly adhere to guidelines issued by the Reserve Bank of India (RBI) and other applicable regulatory bodies to ensure fair and ethical lending practices.

4. User Obligations

By using our Site and services, you affirm that all information provided is accurate, complete, and updated promptly in case of any changes. You agree to use the Site solely for lawful purposes connected to loan applications and financial dealings with Sankalp Finance. Any attempt at fraudulent, deceptive, abusive, or unauthorized use of the Site or our services will result in immediate termination of service and may involve legal action. You are responsible for maintaining the confidentiality of your login credentials and for all activities conducted under your account.

5. Privacy and Data Protection

Sankalp Finance is deeply committed to protecting your personal information in compliance with the Information Technology Act, 2000, and other relevant laws. Personal data collected during the loan application process will be securely stored and processed only for legitimate purposes such as credit assessment, fraud prevention, and regulatory compliance. By submitting your information, you consent to sharing it with authorized credit bureaus, third-party verification agencies, and financial partners essential to service delivery. We strictly prohibit unauthorized disclosure or misuse of your data and have implemented robust security measures to safeguard it.

6. Intellectual Property Rights

All content, trademarks, logos, graphics, software, and proprietary information on the Site are owned or licensed by Sankalp Finance. Users agree not to copy, modify, distribute, or otherwise exploit this content without explicit written consent. Unauthorized use of our intellectual property is strictly prohibited and may result in civil and criminal penalties.

7. Third-Party Links

The Site may include links to third-party websites or resources. These links are provided solely for convenience and do not imply endorsement or responsibility for the content, privacy policies, or practices of these external sites. Users access such third-party websites at their own risk, and Sankalp Finance disclaims all liability arising from their use.

8. Disclaimers

All services and content on this Site are provided “as is” without warranties of any kind, either express or implied. While we endeavor to provide accurate and timely information, Sankalp Finance does not warrant the completeness, reliability, or suitability of the Site or services for any purpose. Users acknowledge that any reliance on such information is at their own risk, and the company shall not be liable for any damages resulting from use or inability to use the Site.

9. Limitation of Liability

To the fullest extent permitted by applicable law, Sankalp Finance excludes all liability for direct, indirect, incidental, consequential, or punitive damages arising from your use or misuse of the Site or services, including but not limited to loss of profit, data, or goodwill. Nothing in these Terms shall limit liability for death or personal injury caused by negligence.

10. Governing Law and Jurisdiction

These Terms and your use of the Site are governed by the laws of India. Any disputes arising out of or related to these Terms or services shall be subject to the exclusive jurisdiction of courts located in Delhi. Both parties consent to personal jurisdiction and venue in such courts.

11. Amendment of Terms

Sankalp Finance reserves the right to amend these Terms at any time and without prior notice. Updated versions will be posted on this page. Continued use of the Site following such changes constitutes acceptance of the revised Terms. It is your responsibility to review these Terms periodically to remain informed of any modifications.

12. Contact Us

If you have any questions or concerns regarding these Terms or our services, please contact us at:

Sankalp Finance
5 MANGAL CITY COLONY DEWAS ROAD, Ujjain UJJAIN, Madhya Pradesh 456010 India Email: support@sankalpfinanceltd.com