1. Eligibility
To apply for a loan, the applicant must:
- Be an Indian citizen
- Be 18 years or older
- Own or be the authorized user of a commercial vehicle (Truck, Pickup, JCB, etc.)
- Provide valid identification, address proof, and vehicle documents
2. Loan Terms
- Loans are provided only on active insurance policies of commercial vehicles.
- The loan amount and tenure (usually 6 months) will be decided after document verification.
- 0% interest loan is applicable only for selected customers, subject to eligibility and timely repayment.
- A small processing or service charge may be applicable.
3. Credit Bureau Reporting
- By submitting a loan application, you authorize Bhosale Microcare Foundation to:
- Share your personal, financial, and vehicle-related information with RBI-registered Credit Bureaus (e.g. CIBIL, CRIF).
- Fetch your credit report for loan eligibility check.
- Your repayment history will also be reported to the bureau, which may affect your credit score.
4. Document Verification
- All documents submitted (ID proof, address proof, RC, insurance copy, etc.) must be genuine.
- Any false or forged document will result in loan rejection or legal action.
5. Use of Website
- The content and services on this website are for informational purposes only.
- The company is not liable for any damage or loss caused due to reliance on information provided herein.
- Unauthorized use or copying of content from the website is strictly prohibited.
6. Loan Rejection Rights
Bhosale Microcare Foundation reserves the right to:
- Reject any loan application without assigning a reason.
- Modify, suspend, or terminate any loan offer or scheme at any time.
7. Legal Compliance
All transactions and services provided by the company are in compliance with Indian laws and guidelines under the Companies Act, RBI directives, and other applicable regulations.
8. Changes to Terms
We may update or change these terms without prior notice. Please review them regularly. Continued use of the website or our services means you accept the updated terms.
9. Contact Us
For any questions or concerns regarding these terms, please contact:
Bhosale Microcare Foundation
📧 Email: info@bhosalemicrocarefoundation.com
🌐 Website: https://bhosalemicrocarefoundation.com