Before you proceed with the loan application, it is crucial to carefully review the following terms and conditions. This document outlines your rights and obligations as a borrower, including significant limitations and exclusions.

Loan Terms and Availability
Our service offers personal loans up to Rs 4,00,000. The actual loan amount you qualify for depends on your credit history, income, and other relevant factors. Once approved, you can transfer the funds directly into your bank account. Repayment options are flexible, allowing you to choose from 3, 4, 5, or 6 monthly installments (EMIs).

Fees, Interest, and Example Calculation
Processing Fee: A fee of up to 2% of the loan amount will be charged for processing your loan request. This fee covers administrative costs associated with initiating your loan transaction.
Interest Rate: Interest is calculated daily at a rate of 0.09%, equating to an Annual Percentage Rate (APR) of 31.57%.

Example: For a loan of Rs 15,000 over 5 months at an APR of 31.57%, your monthly EMI would be Rs 3,389. Additionally, a processing fee plus GST of Rs 354 is applied. This results in a total repayment of Rs 17,301 over the term of the loan, including principal and interest (Rs 1,947).

By electronically signing this agreement, you confirm that:
You are at least 20 years old.
You have thoroughly read and understood all the terms and conditions related to the loan.
You agree to comply with the stipulated loan terms and conditions.

1. Electronic Execution
The Loan is sanctioned through an electronic platform. Borrower(s) consent to accept terms via secure authentication. Walton Lend is not obligated to verify transactions beyond authentication, and Borrower(s) are responsible for securing their credentials.

2. Severability
If any provision is held unlawful, the remaining terms will remain in effect.

3. Application & Disbursement
Following the Borrower(s) application in the loan application form, Walton Lend has sanctioned a non-revolving loan up to the amount specified in the the application. The Borrower(s) agrees to borrow this amount according to the terms of the Application and/or this document. Walton Lend may disburse the Loan at its discretion.

4. Repayment
The Borrower(s) acknowledges understanding Walton Lend's EMI calculation method. Payments, including EMIs, must be made by due dates. Penal/Default Charges apply for late payments.

5. Prepayment
The Borrower(s) may prepay the Loan in full or partially before the repayment period ends.

6. Representations and Warranties
The Borrower(s) represents and warrants that:
- They are an Indian citizen, of legal age, sound mind, and competent to contract.
- No legal impediments exist for entering into or performing transactions related to the Loan.
- This document constitutes legal, valid, and binding obligations.
- There are no existing Events of Default.
- All declarations made are true and complete.
- Payment Instruments will be provided for full repayment, aware of criminal implications under the Negotiable Instruments Act, 1881/The Payment and Settlements Act, 2007.
- The Borrower(s) will abide by Indian laws, including the Prevention of Money Laundering Act, 2002.
- They will observe all obligations, provide required documents, authorize Walton Lend to communicate with their bank/employer, notify Walton Lend of any legal proceedings or Events of Default, and keep Walton Lend informed of address changes. They will also keep up with Walton Lend’s rules, make regular repayments, and pay all taxes.

7. Negative Covenants
The Borrower(s) shall not, without Walton Lend's written consent:
- Incur additional debt or provide guarantees.
- Sell, transfer, or encumber any assets except to Walton Lend.
- Change legal or beneficial ownership/control.
- Change or cease current employment/business or terminate any Walton Lend account.

8. Event of Default
Events of Default include:
- Failure to meet obligations or payments.
- Misrepresentations by the Borrower(s).
- Dishonor of any Payment Instrument.
- Adverse events affecting repayment capability.
- Legal processes or insolvency proceedings against the Borrower(s).
- Decrease in security value.
- Events such as death, insolvency, or change in employment.

9. Consequence of Default
Upon an Event of Default, Walton Lend may:
- Declare the entire Outstanding Balance due immediately.
- Enforce or sell Security, with or without court intervention.
- Pursue legal actions to recover dues.

10. Notice
Walton Lend may, at its discretion, provide notice of any Event of Default to the Borrower(s), specifying nature and cure period. Failure to cure within the specified time may lead to further actions.

11. Continuation of Terms
Provisions of these terms remain in effect until the Final Settlement Date, regardless of actions taken by Walton Lend.

12. Information Covenant
Borrower(s) information will be retained and destroyed per Walton Lend's guidelines. Walton Lend may disclose non-personal information to relevant entities without Borrower(s) consent, but personal information will require prior consent.

13. Prospective Changes
Changes in interest rates or charges will be made prospectively with Borrower(s)' consent.

14. Grievance Resolution Process
We are committed to delivering exceptional service and support to our Borrowers. If you have any concerns or issues, please don't hesitate to contact us via email at: .

15. Notices Notices from Walton Lend will be deemed served through various methods including post, courier, email, or SMS. Borrower(s) must inform Walton Lend of address changes and obtain acknowledgment.

16. Jurisdiction & Arbitration
The Loan and documents are governed by Indian laws. Disputes will be subject to the jurisdiction of the local court/tribunal of Walton Lend's branch. Disputes may be referred to arbitration under the Arbitration and Conciliation Act, 1996, with the proceedings in English and costs borne by the losing party.