Back to Home

Disclosures & Legal Information

Important legal disclosures, terms, and conditions governing our EMI reduction services and financial products.

Last updated: December 1, 2023

Quick Navigation

Terms & Conditions
Privacy Policy
Financial Disclosures

Important Legal Notice

Please read these disclosures carefully before using our services. By accessing or using 1EMI's services, you agree to be bound by these terms and conditions.

Terms & Conditions

These Terms and Conditions govern your use of 1EMI's services and website. Please read them carefully before proceeding with any financial transactions.

1. Service Agreement

By using our EMI reduction services, you enter into a legally binding agreement with 1EMI Financial Services Pvt. Ltd. This agreement is subject to the following terms:

  • You must be at least 18 years old and competent to enter into a legal contract
  • All information provided must be accurate and complete
  • You agree to comply with all applicable laws and regulations
  • We reserve the right to modify or discontinue services at our discretion

2. Loan Processing & Fees

Our fee structure and loan processing terms are transparent and clearly communicated:

Service Type Processing Fee Service Charges GST Applicable
Personal Loan Consolidation 1% of loan amount ₹999 - ₹2,999 18%
Credit Card Debt Consolidation 1.5% of outstanding ₹1,499 - ₹3,999 18%
Home Loan Refinancing 0.5% of loan amount ₹2,999 - ₹5,999 18%
Car Loan Balance Transfer 0.75% of loan amount ₹1,999 - ₹3,999 18%

3. User Responsibilities

  • Maintain the confidentiality of your account credentials
  • Promptly update personal and financial information
  • Notify us immediately of any unauthorized account activity
  • Comply with all repayment schedules and obligations

Privacy Policy Summary

We are committed to protecting your privacy and ensuring the security of your personal information. Here's a summary of our privacy practices:

Information Collection

  • Personal identification details
  • Financial information and credit history
  • Employment and income details
  • Bank account information

Data Usage

  • Loan processing and verification
  • Credit assessment and risk analysis
  • Regulatory compliance
  • Service improvement and communication

Your Privacy Rights

You have the right to access, correct, or delete your personal information. You can also object to processing and request data portability. Contact our privacy team for any concerns.

Financial Disclosures

Important financial disclosures and risk factors associated with our services:

Interest Rates & APR Disclosure

Our services involve working with various financial institutions. The actual interest rates and terms are determined by the lending partners based on:

Credit Score

750+ gets best rates

Income Level

Stable income required

Employment

Employment history

Loan Amount

Loan size and tenure

Risk Factors

Credit Risk
  • Late payments affect credit score
  • Default may lead to legal action
Market Risk
  • Interest rates may fluctuate
  • Economic conditions affect lending

Regulatory Compliance

1EMI operates in compliance with Indian financial regulations:

RBI Guidelines

Follows Reserve Bank of India regulations

NBFC Compliance

Registered with appropriate authorities

Legal Framework

Operates under Indian Contract Act

Additional Disclosures

Contact Information

Customer Support

support@1emi.com

Working Hours

Mon-Sat: 9:00 AM - 7:00 PM

Registered Office

Address

1EMI Financial Services Pvt. Ltd.
123 Business District
Mumbai, Maharashtra 400001

Registration

CIN: U67190MH2020PTC123456
GST: 27AABC1234B1Z5

Need More Information?

Our legal team is available to answer any questions about our disclosures and terms of service.