Kapilesh Stock Holding Pvt Ltd

Platform Information

Platform: LoanZenith (operated by Kapilesh Stock Holding Pvt Ltd)

Lender: Kapilesh Stock Holding Pvt Ltd

Regulation: Kapilesh Stock Holding Pvt Ltd is duly registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company (NBFC) and authorized to provide personal loans under applicable laws.

1. Nature and Scope of this Contract

This Agreement sets out the binding terms under which Kapilesh Stock Holding Pvt Ltd ("the Lender") provides personal loans through the digital platform LoanZenith ("the Platform"). By applying for and accepting a loan, the borrower ("you" or "User") confirms that they have reviewed, understood, and agreed to the conditions herein.

2. Eligibility and Borrower Declaration

You must be at least 18 years of age, a resident of India, and legally capable of entering into enforceable contracts.
All information supplied during application—such as identity documents, employment details, and bank account particulars—must be true and accurate.
Submission of false or incomplete details may lead to rejection, termination, or legal consequences.

3. Loan Terms and Parameters

Loan Specifications

Loan Amount Range: ₹2,000 - ₹80,000

Tenure: Up to 150 days (depending on borrower profile)

Interest Rate: Daily interest of 0.04% – 0.06% (equivalent to an APR of approx. 15% – 22%)

Processing Fee: Maximum of 3% of the sanctioned amount

GST: Applicable on processing fee in accordance with prevailing laws

Illustrative Case:

For a loan of ₹40,000 sanctioned with a processing fee of 3%:

Processing Fee: ₹40,000 * 3% = ₹1,200

GST (18% on ₹1,200): ₹216

Net Disbursed Amount: ₹40,000 - ₹1,200 - ₹216 = ₹38,584

Interest (150 days @0.05% daily): ₹40,000 * 0.05% * 150 = ₹3,000

Total Repayment Obligation: ₹40,000 + ₹3,000 = ₹43,000

4. Loan Release and Fund Transfer

After successful KYC verification and approval, the sanctioned loan amount (net of charges) will be transferred electronically to the borrower's designated bank account. The borrower is solely responsible for providing correct bank account details.

5. Repayment Rules

Repayments must follow the schedule communicated at the time of disbursement.
Payment methods may include UPI, net banking, debit card, or other permitted digital channels.
Borrowers may prepay at any time, reducing interest costs proportionally, without prepayment penalties.

6. Overdue Payments and Consequences

Important Notice:

Missed or late payments may incur additional charges as per company policy.
Persistent default can lead to legal recovery actions, involvement of licensed collection agencies, and negative reporting to recognized credit bureaus (CIBIL, CRIF, etc.).
Borrowers facing genuine hardship are encouraged to contact LoanZenith before the due date to explore possible support measures.

7. Responsibilities of the Borrower

Ensure repayment of the full loan (principal + interest + charges) within the agreed period.
Use loan proceeds only for legitimate personal purposes; speculative, unlawful, or fraudulent use is strictly prohibited.
Promptly notify the Lender in case of changes in personal details, employment, or financial condition that may affect repayment ability.

8. Platform Commitments

LoanZenith will:

Provide clear disclosure of all applicable charges prior to disbursement.
Maintain secure systems for handling borrower information in compliance with applicable privacy laws.
Offer reminders of repayment obligations through SMS, app notifications, or other communication channels.

9. Data Collection and Consent

By using LoanZenith, you consent to the collection, processing, and use of your personal and financial information for:

Creditworthiness checks and bureau reporting
KYC verification as per RBI requirements
Loan approval, disbursal, and servicing
Customer support and compliance reporting

Data is shared only with regulators, authorized service providers, and credit bureaus. Personal information will not be sold or misused.

10. Cancellation Policy

Loan requests may be withdrawn before disbursement is completed. Once funds are credited to the borrower's account, the loan is considered active and repayment obligations apply.

11. Governing Law and Dispute Resolution

This Agreement shall be interpreted under the laws of India. Any disputes shall fall under the jurisdiction of the courts located. Both parties will attempt amicable settlement before initiating formal legal proceedings.

12. Contact Us

For questions, feedback, or requests related to this Privacy Policy, you may reach us at: