Terms & Conditions
Last Updated: These Terms and Conditions are effective as of the date of your first use of our services.
Introduction
Welcome to the terms and conditions page of Yaksh Infinlease Pvt Ltd which is operated and owned by our website here, we have revealed our terms and conditions as per the guidelines of the Reserve Bank of India and the Information Technology ACT. However, all the details have been mentioned on the page which is mandatory to read before entering into a contract with us or getting any financial or technical services from our side. The client must adhere to the Indian Contract ACT of 1872 for fair and transparent services and contact, especially while establishing financial services.
Contact Details & Data Collection
As per the terms set by the Reserve Bank of India, we collect personal details while initiating business, obtaining fintech support, or processing personal loan services.
Collected From You
- Full Name & Date of Birth
- Email Address
- Contact Number
- PAN Card & Aadhaar
- Business Agreement Details
Purpose of Collection
- KYC Verification (RBI mandated)
- Loan Eligibility Assessment
- Communication & Updates
- Credit Bureau Reporting
- Legal Compliance
Eligibility & Membership
To access our services and apply for a loan, the client must be eligible as per the Indian Contract Act 1872. Eligibility varies based on several parameters:
Age Criteria
Must be 18 years or above and a resident of India
Employment & Income
Minimum income of ₹40,000/month with valid employment
Valid Documents
PAN, Aadhaar, bank statements, and credit score required
Interest
The interest rate, fees, and all other charges will be clearly disclosed at the time of contract execution. Changes in contract terms may occur over time and will be communicated before the agreement is finalized.
Current Rate Summary
Daily ROI
0.25% – 1.00%
Annual APR
18% – 36%
Processing Fee
0% – 10%
Penal Charges
1.25× ROI
Rejection of Loan or Agreement
It is our right to cancel or reject a loan application. Rejection may occur due to:
- Lack of required documents (PAN, Aadhaar, bank statements, income proof)
- Insufficient income or unsatisfactory credit score
- Failure to meet age, residency, or employment eligibility criteria
- Absence of client agreement/consent, or submission of false information
Tenure
The tenure of the loan will be fixed at the time of disbursal and must be noted in the agreement along with all fees and charges. In case of any default, the agreement may be cancelled.
Note: Loan tenure ranges from 7 to 90 days depending on the loan product. Recovery proceedings may be initiated under applicable laws upon default.
Default
We reserve the right to classify customers as defaulters when they fail to pay or comply with the terms. Consequences of default include:
- Penal charges at 1.25× daily ROI
- Reporting to Credit Bureaus (CIBIL, Equifax, Experian, Crif Highmark)
- Legal recovery proceedings under applicable laws
- Account suspension and blacklisting from future loan services
- Escalation to relevant authorities as permitted by RBI guidelines
Intellectual Property Right
ExpressCred retains all rights to the content, logo, and all other parts of the website. All materials are the exclusive property of Everlight Holdings Private Limited and are protected under applicable IP laws. Unauthorized reproduction is strictly prohibited.
Any feedback or comments must not hurt any community, people, political party, or individuals. We reserve the right to take action against controversial content.
Disclaimer
EcpressCred operates under the guidance of the Reserve Bank of India and uses only ethical means for all agreements. If you receive any offer relating to pre-approval charges from unauthorized sources, avoid such communications. We proceed with a fair payment option only after a signed agreement. We have no concealed charges whatsoever. All fees are disclosed upfront in your loan agreement before disbursement.
Raise Complaint & Grievance Redressal
If you face any trouble with our services, you can raise a dispute. Our Grievance Officer is always available to address your concerns.
Submit Complaint
Email info@yakshinfilease.com with your account details and issue description.
Acknowledgment
We acknowledge your complaint within 1 working day via email or SMS.
Resolution
Resolved within 5 working days with a full investigation response.
Escalation
Unresolved issues may be escalated to the RBI Banking Ombudsman at rbi.org.in.
Contact Us
For questions, concerns, or to exercise your rights, reach our support team:
Address: Yaksh Infinlease Pvt Ltd. G 9/10, Ansal Vikasdeep Building District Centre Laxmi Nagar Delhi 110092