Terms & Conditions

Eligibility Criteria

• Applicant age must be between 18 to 50 years.
• Applicant must be an Indian citizen.
• Applicant must have a stable and legal source of income (Self-employed / Small Business / Daily Income).
• Applicant must not be involved in any illegal activities.

Required Documents

The applicant must submit the following documents:

• Aadhaar Card
• PAN Card
• Voter ID (if required)
• Bank Passbook (Last 3–6 months statement)
• Passport size photographs
• Active mobile number (linked with Aadhaar)

Loan Amount

• Minimum Loan Amount: ₹1,000
• Maximum Loan Amount: ₹60,000 (Subject to eligibility & verification)
• Loan amount may increase based on repayment performance and internal policy.

Interest & Charges

• Interest Rate: 18% – 26% per annum
• Processing Fee: 0% – 2% of loan amount
• Late payment penalty applicable on delayed EMI
• All applicable charges will be clearly disclosed before loan disbursement

Repayment Terms

• Repayment Mode: Monthly EMI
• Loan Tenure: 3 – 24 Months
• EMI must be paid on or before the due date
• Delay may affect future loan eligibility

Approval & Policy

Loan Approval

Subject to verification and internal credit policy. P Capital Finance reserves the right to approve or reject any application.

Default Policy

Continuous non-payment may lead to legal action and recovery process initiation.