Terms of Use

Welcome to Kubaran Finance. By accessing or using our used car loan application platform, you agree to be bound by these Terms of Use. Please read them carefully before proceeding.

Eligibility: To apply for a loan, you must be (a) a resident of India, (b) at least 21 years of age, (c) earning a regular income (salaried or self-employed), and (d) able to provide valid PAN and Aadhaar for KYC verification. Applications from individuals who do not meet these criteria will be rejected.

Loan Application Process: When you submit a loan application, you agree to provide accurate, complete, and truthful information. Misrepresentation of income, employment, or identity may result in immediate rejection and potential legal action. Our loan officers manually review every application; there is no automated credit decisioning in this pilot platform. KYC verification (PAN and Aadhaar) is performed in a sandboxed simulation environment and does not connect to real government or credit bureau databases.

Processing Fee: A non-refundable processing fee of ₹999 is charged once your application enters the underwriting stage. This fee covers administrative costs and is NOT a guarantee of loan approval. If your application is rejected after underwriting begins, the processing fee will not be refunded.

Loan Offer and Acceptance: If your application is approved, we will send you a formal loan offer detailing the loan amount, interest rate, tenure, EMI schedule, and all applicable charges. You must accept the offer within the validity period (typically 7 days) by digitally signing the loan agreement. Once accepted, the offer becomes a binding contract.

Disbursement: Upon acceptance of the loan offer and submission of any final documents requested, funds will be disbursed directly to the vehicle seller or dealer (or to your bank account, as applicable) within 24-48 hours. Disbursement timelines may vary depending on bank processing times and holidays.

Repayment Obligations: You agree to repay the loan in monthly installments (EMIs) as per the agreed schedule. EMIs are typically auto-debited from your bank account on the due date. Failure to pay EMIs on time may result in late payment charges, adverse credit reporting, and legal recovery action. We send SMS reminders 3 days before each EMI due date as a courtesy, but it is your responsibility to ensure sufficient funds are available.

Foreclosure and Prepayment: You may foreclose (fully prepay) the loan after paying at least 6 EMIs. A nominal foreclosure charge will apply as specified in your loan agreement. Partial prepayments may also be allowed at our discretion.

Prohibited Uses: You agree NOT to (a) use our platform for any fraudulent or illegal purpose, (b) submit false documents or impersonate another person, (c) interfere with the security or operation of our systems, or (d) use automated bots or scripts to submit applications.

Intellectual Property: All content on the Kubaran Finance platform — including text, graphics, logos, and software — is owned by us or our licensors and is protected by copyright and trademark laws. You may not reproduce, distribute, or create derivative works without our written permission.

Disclaimer of Warranties: Our platform is provided "as is" without warranties of any kind, express or implied. We do not guarantee uninterrupted or error-free operation, nor do we warrant that the platform is free from viruses or harmful components.

Limitation of Liability: To the fullest extent permitted by law, Kubaran Finance shall not be liable for any indirect, incidental, or consequential damages arising from your use of our platform or services, even if we have been advised of the possibility of such damages.

Governing Law and Dispute Resolution: These Terms are governed by the laws of India. Any dispute arising from these Terms or your use of our services shall be subject to the exclusive jurisdiction of the courts in Chennai, Tamil Nadu.

Changes to Terms: We reserve the right to modify these Terms at any time. Updated Terms will be posted on this page with a revised effective date. Continued use of our platform after changes constitutes acceptance of the new Terms.

Contact Us: For questions about these Terms, email support@kubaranfinance.in or call 044-4000-1785.