Terms & Conditions

1. Introduction

Fast Salary provides personal loans to salaried individuals under the regulatory oversight of our NBFC partner, Ramchandra Leasing & Finance Limited. Our goal is to offer instant, easy, and transparent financial solutions.

2. Eligibility Criteria

To apply for a personal loan, you must meet the following requirements:

• Be at least 21 years old and not older than 60 at the time of application.
• Be a salaried individual with stable income from a recognized organization.
• Meet the minimum monthly income criteria defined by Ramchandra Leasing & Finance Limited.
• Be a resident of India with a satisfactory credit score.

3. Loan Application Process

The process includes registration, application form submission, document verification, and credit assessment. Final approval is solely at the discretion of Ramchandra Leasing & Finance Limited.

4. Loan Terms

The loan amount, interest rate, and repayment schedule are determined based on the applicant's risk profile. The interest rate remains fixed during the loan tenure.

5. Fees and Charges

Applicable fees may include processing fees, late payment charges, and foreclosure charges. All applicable charges are transparently mentioned in the Key Fact Statement (KFS) and Loan Agreement.

6. Loan Disbursement

Once approved and all formalities (including e-sign) are completed, the loan amount will be credited directly to your bank account. While timelines vary, Fast Salary strives for same-day processing.

7. Loan Repayment

Repayments must follow the schedule outlined in the loan agreement. Payments may be auto-debited via NACH/e-Mandate or through digital methods such as UPI.

8. Default and Consequences

Failure to repay on time may lead to late payment penalties, negative reporting to credit bureaus (CIBIL, Equifax, etc.), and legal action for recovery.

9. Cancellation of Loan

Applications may be cancelled by the user before the loan is disbursed. Once disbursed, the loan cannot be cancelled, but can be pre-closed subject to prepayment terms.

10. Data Privacy

All personal and financial information is handled securely in compliance with RBI guidelines and data protection laws. Data is used strictly for loan processing.

11. User Responsibilities

You must provide accurate and authentic details during registration. Misrepresentation or fake documents may lead to denial of service and legal action.

12. Amendments

We reserve the right to update these terms at any time. Significant changes will be notified on our website or via email.

13. Dispute Resolution

Disputes will first be attempted to be resolved amicably via our Grievance Redressal mechanism. If unresolved, they fall under the jurisdiction of the courts in Vadodara, Gujarat.

14. Limitation of Liability

Ramchandra Leasing & Finance Limited and Fast Salary are not liable for any loss arising from technical downtimes or third-party banking failures, except as expressly mentioned in the agreement.