Terms and Conditions

1. Agreement to Terms

These Terms and Conditions ("Terms") govern the access and use of financial services, loan consultancy, and digital application portals provided by J. Financial Services (JFS Finance / Jay Ambe Vehicle Finance) ("JFS", "we", "our"). By browsing our website, using our EMI calculator, or submitting an application for pre-owned car finance, commercial vehicle finance, or loan against vehicle, you agree to comply with and be bound by these Terms.

2. Nature of Services and Lending Arrangement

JFS Finance operates as an authorized auto loan facilitator, direct sales partner (DSA), and corporate credit consultant in partnership with leading registered Scheduled Commercial Banks and Non-Banking Financial Companies (NBFCs) regulated by the Reserve Bank of India (RBI).

Final sanction, loan disbursement, Annual Percentage Rate (APR), and credit underwriting decisions reside strictly with the respective lending institution based on risk profile, credit score, vehicle valuation, and internal credit policies.

3. Loan Eligibility and Verification

To be eligible for vehicle finance assistance, applicants must:

• Be a resident citizen of India, aged between 21 and 65 years at loan maturity.
• Provide valid KYC documents (PAN Card, Aadhaar, Proof of Address) as mandated by Government of India regulations.
• Furnish proof of regular income (Salary slips, Form 16, bank statements, or business ITR).
• Present valid registration certificates (RC), valid insurance, and fitness certificate for the vehicle proposed for purchase or hypothecation.

4. Interest Rates, Processing Fees, and Charges

We uphold complete transparency in line with the RBI Fair Practices Code:

• Interest Rates: Annual Percentage Rates (APR) typically range from 9.5% to 18.0% per annum depending on vehicle segment, age of vehicle, borrower credit score, and tenure.
• Processing Fees: A nominal processing fee ranging from 1% to 2.5% of the sanctioned loan amount plus applicable GST is levied by the lending bank/NBFC.
• Prepayment / Foreclosure: Prepayment and foreclosure policies are governed strictly in accordance with RBI directives and the sanction letter provided by the financing institution.
• Late Payment Penalties: Delayed payment of EMIs may attract overdue penal charges and will adversely impact the borrower's credit score reported to CIBIL and other bureaus.

5. Vehicle Hypothecation and NOC Release

Until full and final liquidation of the loan account, the financed vehicle shall remain hypothecated to the financing bank/NBFC as noted on the RTO Registration Certificate (Form 34/35). Upon complete repayment of all dues, interest, and clearance of cheques/NACH mandates, a No Objection Certificate (NOC) and Form 35 will be issued to cancel the hypothecation at the local RTO.

6. Accuracy of Website Information & EMI Estimator

The loan calculators, interest rate estimates, and EMI computations available on this website are intended solely as representative illustrations. Exact loan terms, monthly EMIs, and processing charges will be finalized in the formal loan agreement and sanction letter issued upon document verification.

7. Limitation of Liability and Governing Law

These terms shall be interpreted, construed, and enforced in accordance with the laws of India. Any disputes arising out of or in connection with our services shall be subject to the exclusive jurisdiction of the competent courts in Jamshedpur, Jharkhand.