Privacy Policy of Berar Finance Ltd.
Berar Finance Ltd is committed to protecting its client's personal and financial information. In the course of providing with services, we need to collect and maintain certain non-public personal information about our customers.
Types of non-public personal information collected by us:
When you maintain an account with us or apply for a loan, we collect the following type of information from you: KYC information such as your name, address, email id, date of birth, phone numbers, PAN, employment information, financial status, salary certificates, trading activity, etc. And details of your bank accounts, information about your transactions, facilities availed from other banks / NBFCs, other financial liabilities, etc. as applicable.
Types of non-public personal information disclosed by us:
Berar Finance Ltd does not disclose non-public personal information about its existing and former clients, except as required or permitted by law. Such circumstances may arise when instructions /directives are received from Court of Law, Police Enquiry, Government/Regulatory Organizations such as the Income Tax Department and the Securities and Exchange Board of India (SEBI), etc. Only the disclosures for which you have provided your Specific consent in writing are permitted.
Protection of the Confidentiality and Security of client's non-public personal information:
We maintain physical, electronic, and procedural safeguards that comply with standards to guard your non-public personal information. We protect your account information by placing it on the secure portion of our website to prevent unauthorized parties from viewing your non-public personal information that you have provided or accessed during a secured session. In addition, we employ services to encrypt the information exchanged between you and Berar Finance Ltd. Access to your non-public personal information is limited only to those employees who need to know that information to provide products or services to you, such as client service personnel. You can take steps to maximize your security online and protect your confidential information.NEVER share your Password with anyone, and change it periodically. You can change your Login and Trading Passwords at any time (our officers will help you get your password changed).
Security:
The security of the non-public personal information of our clients is of utmost importance to us. When you enter sensitive information on our registration or order forms, we encrypt that information using secure socket layer technology (SSL). We follow generally accepted industry standards to protect the non-public personal information submitted to us, both during transmission and once we receive it. However, no method of transmission over the Internet, or method of electronic storage, is 100% secure. Therefore, while we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.
Contact Us:
Any questions or suggestions regarding our privacy policy may please be referred to us on phone, fax, email, postal address, Web site URL.
Business Transitions: In the event, Berar Finance Ltd. goes through a business transition, such as a merger, acquisition by another company, or sale of all or a portion of its assets the personally identifiable information of our clients will likely to be among the assets transferred. Clients will be notified by prominent notice on our Website for 30 days of any such change in ownership or control of the client's information.
Changes in this Privacy policy:
Berar Finance Ltd. reserves the right to modify this privacy policy statement at any time. If we make material changes to this policy, we will notify our clients by means of a notice on our website. We may post those changes on the homepage, or other places we deem appropriate to make you aware of the changes. Our clients are advised to view the policy frequently.
Cancellation & Refund Policy of Berar Finance Ltd.
A. Cancellation
1. The Berar Finance Ltd., (herein after called as the company) grants finance for purchase of 2w/3w/4w vehicles, office equipments etc. It also sanctions personal loans and loans against own deposits to its customers. Financing is done at the specific request of the applicant but solely at the company's discretion.

2. While granting loans every attempt is made to do proper assessment and scrutiny on case to case basis. However the Company has all rights to cancel the sanction letter if it is found that the applicant has provided incorrect /false information and or submitted faulty/fake /improper documents to mislead the company. The cancellation will be done as soon as it comes to light, at any time before or after the disbursement (full or partial) of the loan amount. The company will recall the entire amount disbursed along with interest and penalties which the company may deem fit and the entire amount will be payable to the company in one single installment immediately on demand. The company will have every right to take any legal/criminal action against a person /entity who has tried to avail any loan facility through such misrepresentation /fraud.

3. The company will have a right to cancel the sanction and to recall the entire loan disbursed along with interest and penalties at the company's discretion if it has found that the end use of the loan is not confirmed by the borrower/or the loan amount has been utilized for a purpose not intended for as per the loan application form. In such case if the due amount as stated is not paid in one single installment the company will be free to proceed against the borrower for any legal/criminal action as stated above.

4. The company will not be responsible for any fault/defect in an asset purchased from the loan amount sanctioned & disbursed by it. Borrower will have to verify the quality and working condition of the asset so acquired. If the borrower makes a default in repayment of the loan due to such reasons and also on account of dispute with the dealer due to the defective article /asset acquired, the company will recall the entire loan which will be entirely repayable with interest and penalties as stated above.

5. If the borrower fails to complete the formalities/submission of documents stipulated by the terms of sanction within a period of 6 months or within the prescribed period as agreed, the company will have every right to cancel the sanction letter.

6. The company will have every right to amend the terms of sanction/to reduce the amount/period/interest rate as per sanction at any time before or after the disbursement of the loan. The borrower will have no recourse against this decision of the company. However the company has every right to cancel the sanction letter and recall the entire loan without assigning any reason whatsoever.

7. At the end of the repayment period the entire outstanding balance will become due and payable on the due date. No extension of repayment period will be granted under any circumstances.

B. Refund
8. If an excess amount is deposited in the loan account at the end of the repayment period and there is any credit balance in the loan account of the borrower it will be refunded back on being brought to the notice of the company.

9. Berar Finance Ltd. will not be responsible for any delay in credit of installment in loan account if the payment is made through card and there is a delay due to technical/systemic problem. However company will not charge any interest for the delayed period on the installment amount as it will be deemed to have been deposited on the date of debit to customer's account.

10. Berar Finance Ltd. will not be responsible in the event of any failed transaction of crediting loan installment thro' debit card due to any reasons what so ever.

11. If any repayment installment is wrongly credited to different account other than the one intended for it will appropriated to the relevant account after it is brought to the notice of the company. The company will not be responsible for any such instances and the consequent loss to the borrower whatsoever. In the event of any such wrong credit thro' debit card, the relevant entry will be appropriated within seven working days from the date it is brought to the notice of the company.

12. If any extra installment is deposited by the borrower in his loan account, it can be reverted back at the specific request of the borrower. The company will not be responsible for any such additional credits. In the event of any duplicate credit transactions thro' debit cards it will be reverted back within a period of seven working days from the date it was brought to the notice of the company.

13. In case of loans granted against own deposits, the company will have every right to liquidate the deposit kept as security and to get back the amount of loan outstanding along with appropriate interest even before maturity of the said deposit. The company will have a right of general Lien in all such cases.

14. The company has every right to encash/liquidate/sale any security charged to it against any loan granted, to get its dues recovered along with appropriate interest.

15. Berar Finance Ltd. reserves all rights to change/amend/add/cancel any/all of the above rules at any time at its sole discretion without any prior notice whatsoever.

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