Lal G Finance

1. Eligibility

• You must be at least 18 years of age.
• You must be an Indian resident with a valid mobile number.
• You must provide accurate, truthful, and complete information during registration.

2. Loan Application

• Loan applications are subject to review and approval at our sole discretion.
• We reserve the right to reject any application without providing a reason.
• Loan amount, interest rate, and tenure are subject to final admin approval.
• Pre-approved offers shown on your dashboard are indicative and subject to verification.

3. Interest & Fees

• Interest is charged on the outstanding principal at the rate specified in your loan offer.
• A processing fee may be deducted from the disbursed amount.
• EMIs are due on the 1st of every month. A 2-day grace period applies (till the 3rd).
• Late payment fee accrues from the 4th onward, calculated daily on outstanding principal.
• All rates and fees are communicated clearly before you accept a loan.

4. Repayment Obligations

• You are obligated to repay all EMIs by their respective due dates.
• Payments must be made via the approved UPI channels shown in the app.
• You must submit valid proof of payment (screenshot + transaction ID) for verification.
• Failure to repay may result in your loan being marked as defaulted, negatively impacting your platform credit score.

5. Investor Eligibility

• You must be at least 18 years of age and an Indian resident.
• Your investor account must be approved by an admin before you can invest.
• You must provide accurate personal and contact information.

6. Investment Terms

• Investments are offered through fixed-duration plans with a stated annual interest rate.
• Your investment is locked for the full plan duration — no early withdrawal is permitted.
• Returns are calculated as: Principal × Annual Rate × (Duration in Years), paid as a lump sum at maturity.
• Admin may apply custom rates or durations for specific investors, communicated at activation.

7. Payment & Activation

• You must transfer the investment amount to our designated account (UPI or bank) after applying.
• Your investment becomes active only after admin confirms receipt of payment.
• We are not responsible for payments made to incorrect accounts due to investor error.

8. Payout at Maturity

• At maturity, you will receive your principal + interest as a lump sum.
• Payout is processed manually by admin. Contact us if maturity passes without payout.
• Actual payout may vary slightly from projected returns if terms were overridden.

9. Investment Risk

• Investments are backed by our loan portfolio. Returns are not guaranteed by any government body.
• We maintain best efforts to protect investor capital, but returns are subject to portfolio performance.
• Past performance of investment plans does not guarantee future returns.

10. Account Security

• Keep your 6-digit MPIN confidential. Do not share it with anyone.
• We will never ask for your MPIN via phone, SMS, or email.
• Notify us immediately if you suspect unauthorised access to your account.

11. Prohibited Activities

• Providing false or misleading information in any application.
• Using borrowed funds for illegal or prohibited purposes.
• Submitting fraudulent payment proofs or fabricated transaction IDs.
• Attempting to manipulate or exploit our systems.

12. Termination

We reserve the right to suspend or terminate any account without prior notice if you violate these Terms, provide false information, or engage in fraudulent activity. Outstanding loan balances or unprocessed investment payouts remain subject to resolution.

13. Limitation of Liability

Lal G Finance is not liable for any indirect, incidental, or consequential damages arising from your use of our services. Our total liability shall not exceed the last EMI amount (for borrowers) or the most recent payout amount (for investors).

14. Governing Law

These Terms are governed by the laws of India. Any disputes shall be subject to the jurisdiction of courts in Bihar, India.

15. Changes to Terms

We may revise these Terms at any time. Continued use of the application after changes constitutes acceptance. We recommend reviewing this page periodically.

16. Contact

For any questions about these Terms, please visit our Contact page.