Loan Disclosure
Issued by: Seven Eleven Leasing and Finance Limited
This Loan Disclosure is issued in accordance with applicable guidelines issued by the Reserve Bank of India (RBI). All loan products are subject to eligibility, internal credit assessment, verification, and approval.
This Loan Disclosure is issued in accordance with applicable guidelines issued by the Reserve Bank of India (RBI). All loan products are subject to eligibility, internal credit assessment, verification, and approval.
Interest rates
Interest rates depend on the applicant’s credit profile, income, loan amount, tenure, and internal risk assessment.
- Interest Rate: Starting at 18% per month
- Type: Rates may be fixed or calculated on a reducing balance basis.
- Note: The final applicable rate will be communicated at the time of loan sanction.
Fees & charges
All applicable charges will be disclosed before loan disbursement.
- Processing Fee: Up to 12% of the loan amount + applicable taxes
- Late Payment Charges: As per the Loan Agreement
- Penal Charges: Applicable in case of default or delayed payment
- Other Charges: Documentation / statutory charges, if applicable
Loan tenure
Loan tenure is determined based on the applicant’s repayment capacity and internal assessment.
- Minimum Tenure: 62 days
- Maximum Tenure: 5 years
Important information
- Loan approval is not guaranteed.
- Submission of an application does not ensure sanction and remains subject to verification and approval.
- Terms and conditions may change in accordance with applicable RBI guidelines.
- Applicants should ensure that all documents and information submitted are authentic and accurate.
RBI registration details
Seven Eleven Leasing and Finance Limited is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India.
Disclaimer
This information is provided for general guidance only and does not constitute a legal or binding offer. Loan terms, interest rates, charges, and other conditions are subject to internal assessment and applicable RBI regulations. Borrowers should carefully read the Loan Agreement before accepting the loan.