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Most Important Terms and Conditions

The Most Important Terms and Conditions (MITC) of loan between the borrower/s and CDL Financial Services Pvt Ltd, having its registered office at D-12, Kirti Nagar, ground floor ,New Delhi - 110015 and Corporate office at 1st floor , plot no 490, Udyog Vihar, Phase-V, Gurgaon -122016 (hereinafter referred as “CDLFS Pvt ltd”) are agreed upon and mentioned below.

​1. Loan - Loan is sanctioned basis a combination of several factors like repayment capacity, collateral security, past and present credit history and other risk parameters. Borrower/s is/are advised to refer to the Loan Agreement to know the loan amount sanctioned.

2. Interest -

  • Type: (Fixed or Floating )- CDLFS Pvt Ltd offers both fixed and Adjustable Interest rate (AIR) with flexibility to choose from at the time of disbursal of loan.

  • Interest Chargeable – Fixed rates to remain same for the currency of loan whereas AIR (Adjustable Interest Rate) is computed with reference to the Prime Lending Rate of CDLFS Pvt Ltd together with the margin, if any, as specified in detail in the Loan Agreement. Please refer website for current PLR.

  • Moratorium or Subsidy: Not applicable

  • Modes of Communication of changes in interest rate: Any Change in Adjustable Interest Rate is duly informed to the Borrowers through SMS (vide registered mobile number)/ E-mail (vide registered E-mail ID ) / Postal services like Courier, India Post or any other electronic mode prevalent for the time being. For latest update please visit our web site

3. ​Installment Types – Monthly

​4. Loan Tenure: CDLFS Pvt Ltd offers a wide range of loan tenures starting from 1 year upto 10 years depending on a combination of various parameters like age of borrower/s, loan product, collateral security etc. Borrower/s is/are advised to refer the Loan Agreement to know the loan tenure sanctioned.

5. Purpose of Loan -

CDLFS Pvt Ltd offers a variety of loan options depending on the requirement of the borrower/s like MSME secured loans, Loan against Property, or Loan for purchase of commercial property or Home Loan for Purchase/ Construction/ Renovation/ Purchase of Land etc. Borrower/s is/are advised to refer the Loan Agreement to know the Purpose of loan sanctioned.

6. On Foreclosure:

Kindly refer annexures of loan agreement

  • Processing Fee paid by customer for availing the loan is non-refundable.

  • Penalty for delayed payments: 3% per month charged on the overdue amount.

                  *All fees/charges are subject to applicable taxes.

                  *Stamp duty, e-filing charges, and other statutory dues applicable on the Security/Transaction       

                   documents may vary depending on locations and payable by borrower/s in addition to processing fees.

                   The above mentioned fees and charges are subject to change from time to time. For latest updated

                  details of applicable fees and other charges, please refer to the Schedule of charges below

7. Security/ Collateral for the Loan:

Security of the loan would generally be security interest on the property being financed and / or any other additional security in the nature of additional property/ Guarantors as may be mandated by CDLFS Pvt Ltd. Borrower/s is/are advised to refer the Loan Agreement and Sanction Letter to know the security details of the Loan sanctioned.

8. Insurance of the property / Borrowers:

  • The Borrower/s shall keep  the property under security insured with Comprehensive Insurance Policy equivalent to the loan outstanding at any point of time during the pendency of the loan with CDLFS Pvt Ltd as the sole beneficiary under said policy / policies.

  • The Borrower/s may keep his/their life insured equivalent to loan outstanding at any point of time during the pendency of the loan with CDLFS Pvt Ltd as the sole beneficiary under said policy / policies.

9. Conditions for Disbursement of the Loan:

CDLFS Pvt Ltd shall not disburse any loan to the Borrower/s unless the conditions mentioned in the Sanction Letter and Loan Agreements are complied with, to the satisfaction and sole discretion of CDLFS Pvt Ltd. Few of which are as given below:

  • The Borrower must fulfil the CDLFS Pvt Ltd’s requirement of credit worthiness.

  • Execution of loan agreement and such other ancillary documents

  • Submission of cheques/ECS/ACH/ etc. any other clearing system in force for the time being towards repayment of instalments

  • Creation of security in favour of CDLFS Pvt Ltd, submission of original property papers as per legal report.

  • Utilisation of disbursement should be as per the end use specified

  • The Borrower must disclose every material fact/s which may affect the borrower’s loan proposal.

10. Repayment of Loan & Interest:

Repayment of loan to be by way of pre-EMI/EMI during the entire tenure of the loan as per terms outlined in the Loan Agreement. Borrower is advised to refer to the Loan Agreement for details of repayment in Equated Monthly Installments (EMI/Pre-EMI) or other payments, EMI cycle, due dates etc. Any change in the AIR/EMI would be communicated in advance as per clause 2(iv) above of MITC.

11. Brief procedure to be followed for Recovery of Overdues:

On the occurrence of Event of Default as mentioned in the Loan Agreement, the Borrower to be sent reminder from time to time for payment of the outstanding amount on his loan account by Telephone, E-mail, Courier, SMS

and/or through third parties appointed for collection purposes to remind, follow-up and collect dues. The Collection methodology broadly includes the following:

  • Tele-Calling: It involves contacting the Borrower over the phone and making them aware about the missed due date and requesting to pay the arrears at the earliest.

  • Field Collection: It involves meeting the Borrower and collecting the payment of the amount due. The activity shall be carried out through employees of CDLFS Pvt Ltd or authorized representatives. The payment would be collected either in cash or in the form of a cheque/DD against the valid receipt only which will be issued to Borrower.

  • Legal action shall be taken based on circumstances of each delinquent account, as per the policy of CDLFS Pvt Ltd and pursuant to the provision of applicable laws. CDLFS Pvt Ltd shall use a judicious mix of field visit, written communication and legal action to ensure proper and effective coverage for the different category of delinquent account.

12.Customer Services:


It is hereby agreed that for detail terms and conditions of the Loan, the parties hereto shall refer to and rely upon the loan and othersecurity documents executed/to be  executed by     them. The above terms and conditions have been read by the borrower/s / read over to the borrower, further understood and agreed by borrower/s.

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