Terms and Conditions

1 Confirmation of Understanding & Identity of Lender

I/We confirm that we have carefully read and fully understood all the terms of use of availing financing that are listed on the Prestloans.com website of Lord Krishna Financial Services Ltd at Terms and Conditions & Privacy Policy and applicable to any loan availed through the company’s website referred to as the “Company”, “Lender”, or “prestloans.com”. I understand that www.prestloans.com or prestloans.com represents the Non-Banking Financial Company (NBFC) ‘Lord Krishna Financial Services Ltd’.

2 Unconditional Acceptance & Modification Rights

I/We accept the terms & conditions unconditionally and agree that these terms and conditions may be amended or modified at any time by the Company, and I/we will be bound by the amended terms & conditions that are published on the website from time to time.

3 Sanction Discretion & Documentation Conditions

I/We understand that sanction of the loan(s) is at the sole discretion of the Company and is subject to my/our execution of necessary documents, providing requisite KYC papers, security creation, and meeting all underwriting criteria stipulated by the Company. The Company reserves the unreserved right to approve or decline any loan application without assigning any reason.

4 Borrower Diligence & Key Fact Statement (KFS)

I/We understand that it is my/our responsibility to fully read and understand the terms and conditions of the loan documents, sanction letter, and Key Fact Statement (KFS), and make ourselves fully aware of the applicable interest rate, annual percentage rate (APR), processing fees, EMI schedule, and penal charges before drawing down the loan.

5 Intellectual Property & Platform Protection

I agree that I shall not copy, reproduce, sell, redistribute, publish, enter into a database, display, perform, modify, transmit, license, create derivative works from, transfer or in any way exploit any part of any information, content, materials, software, source code, or algorithmic services available on prestloans.com.

6 Ownership of Application Information

I understand and accept that all information submitted by me through prestloans.com shall be deemed the property of the Company, and the Company shall be free to use, for any purpose, any ideas, concepts, know-how or techniques contained in information provided through this site for credit verification, fraud prevention, and operational reporting.

7 Indian Citizenship, Legal Capacity & Accuracy Warranty

I/We declare that I am/we are citizens of/resident in India and I/we declare, warrant and represent that all the particulars and information and details provided in the loan application form and supporting KYC documents are true, correct, complete, and up to date in all respects.

8 Solvency Confirmation & Legal Proceedings

I/We confirm that there are no insolvency or bankruptcy proceedings initiated against me/us nor have I/we ever been adjudicated insolvent. I/We also undertake to promptly inform the Company in writing of any material adverse change in my/our financial position or employment.

9 End-Use Restriction: No Speculative or Anti-Social Purpose

I/We unequivocally agree and covenant that my/our loan will be utilized strictly for legitimate business, working capital, or permissible personal requirements, and will not be used for any speculative, antisocial, capital market, or money laundering purpose.

10 Statutory Consent for Regulatory Disclosures to RBI & Authorities

As a pre-condition relating to the grant of loans/advances/credit facilities by prestloans.com to me/us, I/We agree and give unreserved consent for the disclosure by the Company of all or any such information and data relating to me/us, of the credit facility availed of/to be availed, of any default if committed by me/us, to the Reserve Bank of India (RBI), Income Tax authorities, FIU-IND, or any other statutory authority as required by law.

11 Credit Bureau Reporting Authorization (CIBIL, Experian, Equifax, CRIF)

The Company may, as it reasonably deems appropriate and necessary, disclose and furnish information as set forth above to Credit Information Bureau (India) Limited (CIBIL) and/or any other Credit Information Company (CIC) authorized by RBI. I/we acknowledge that CICs may process, furnish, or circulate credit information reports to other credit institutions.

12 Bureau Pull Consent, e-NACH Mandate & Processing Fee Undertakings

I/We undertake and acknowledge that:

• Credit Inquiry Consent: For assessing our creditworthiness, the Company is authorized to pull credit reports from CIBIL and other credit bureaus as frequently as required throughout the loan tenure.
• Electronic Mandate (NACH): I/We agree to setup and maintain valid electronic repayment mandates (e-NACH, e-Mandate, standing instructions) and ensure sufficient funds are maintained to honor monthly installments.
• Bounce Charges: In case of any EMI cheque/mandate return, standard return charges and applicable penal charges as detailed in our Penal Charges Policy will apply.
• Processing Fees: Processing and documentation charges collected are non-refundable and cover underwriting, verification, and technical processing costs.

13 Communication Consent: WhatsApp, SMS, Telephony & App Alerts

I/We further authorize the Company and its authorized partners to contact and keep me/us informed vide telephone calls, SMS, WhatsApp messages, electronic mail, and mobile app notifications regarding loan status, repayment reminders, service updates, and promotional schemes. This consent overrides any registration under the National Do Not Call (NDNC) registry.