Terms & Conditions

Welcome to Weekline Investment and Trading Company Ltd (“Weekline”). Please read these Terms and Conditions carefully before accessing or using our loan products, digital platforms, or related services. By accessing, browsing, or using our services, you acknowledge that you have read, understood, and agreed to be bound by these Terms and Conditions and any applicable policies.

Unless the context otherwise requires, the following terms shall have the meanings assigned to them below:

Agreement
Refers to these Terms and Conditions, including all annexures, schedules, addendums, amendments, and modifications made from time to time.

Applicable Law
Means all laws, statutes, rules, regulations, notifications, guidelines, and directives applicable within the territory of India, including those prescribed under the General Clauses Act, 1897, and issued by relevant regulatory authorities.

Application Form
Refers to the loan application submitted by the borrower, whether in physical or electronic form, along with all required information, declarations, and supporting documents.

Bounce Charges
Means the charges or penalties levied in the event of dishonour, rejection, or failure of any payment instrument or electronic payment instruction issued by the borrower.

Business Day
Refers to any day on which banks and financial institutions are open for business in Delhi, Mumbai, Pune, Haryana, or Uttar Pradesh, excluding public holidays.

Due Date
Means the date specified in the loan agreement on which repayment of instalments, interest, fees, charges, or any other amounts becomes payable by the borrower.

• The borrower agrees to borrow, and the lender agrees to lend, the sanctioned loan amount in accordance with the approved application and loan agreement.
• Disbursement may be made in one or more instalments as specified in the loan schedule.
• The lender may revise interest rates or loan terms in line with applicable laws, regulatory requirements, or internal policies.
• The borrower must ensure timely repayment through approved payment modes, including ECS, NACH, or authorized online transfers.
• Any delay or default may attract additional interest, bounce charges, or other applicable penalties.

• Interest is calculated on a daily reducing balance and compounded monthly, as specified in the loan agreement. Additional interest or penalties may apply in case of delayed or defaulted payments.
• All applicable fees and charges, including processing fees, prepayment charges, and service-related costs, are disclosed in the Schedule of Charges available on our website.
• The borrower agrees to indemnify the lender against reasonable legal, administrative, or recovery-related expenses incurred due to default, in accordance with applicable laws.

Failure to make any payment on or before the due date shall constitute an event of default.

• Upon default, the lender may initiate recovery actions in accordance with applicable laws, which may include legal proceedings or reporting to credit information bureaus.
• The occurrence of events such as the borrower’s death, insolvency, or initiation of legal proceedings against the borrower shall also be treated as an event of default.
• All outstanding amounts shall continue to attract applicable penal interest and charges until full settlement of dues.