LifePE Ujjwal Saving Foundation is committed to your trust and respects your privacy. We appreciate…
Business Grant – Refund Policy
Purpose of this Policy
The return and refund policy detailed herein identifies the process for handling payments, refunds, and automatic adjustments for grants. When you interact with our grant services, you consent to having read, understood, and agreed to this policy.
Scope of this Policy
This policy applies to all business grant services offered by LifePE Ujjwal Saving Foundation, including:
Term grants: Fixed-rate grants are particularly suitable for businesses because they provide predictability and certainty in repayment.
Line of Credit: A credit facility that lets corporations borrow funds on an as-needed basis given that the repayment options are also flexible.
Working Capital grants: Working capital refers to a type of funding that is meant to meet the normal operational costs of an organization for instance cost of employee’s wages, the cost of materials used in the production process, etc.
Small Business grants: Small Business grants, allow business entities to secure capital for growth and expansion.
No Refund Policy
The payments for grants made to our customers and fees for our business grant services cannot be refunded. Any amounts paid are regarded as nonrefundable.
Auto-Adjustment Policy
As for refunds, it is necessary to note that our company provides an auto adjustment option. Any excess payments or over payments will be automatically adjusted against:
Outstanding grant Balances: Any sums over this will be against repayment of the principal amount of the grant advanced to the company.
Upcoming grant Installments: Reminders will be made to enable auto-adjustments to the subsequent installments and cut down the amount payable.
Future grant Services or Premiums: So, in case of borrowed funds, the excess payments can be used for future grant services or premiums.
Interest Accrued on Outstanding Balances: There will also be self-adjusting in terms of interest charges on balances left outstanding.
How Auto-Adjustment Works?
Crediting Excess Payments: We shall then take excess payments to credit to your grant account.
Applying Credits: The credited amount will be used to pay or defray the subsequent grant installment or balance that remains unpaid.
Notification: You will be informed of the adjustment through email or text message.
Grant Payment Terms
By accepting our grant terms, you acknowledge:
grant Payments are Non-Refundable: All the payments are non-refundable and any payment made is considered final.
Payments will be Auto-Adjusted: All payments will be made based on our policy.
grant Agreements are Binding: grant agreements cannot be canceled.
Grant Payments are Due on Schedule: Interest payments are due on a specific date, that is, the due date of the grant.
Consequences of Non-Payment
Failure to make timely grant payments may result in:
Late Payment Fees: Payment received after the due date will be subjected to some charges.
Interest Accrual: Interest will be charged to the balance amount.
Negative Credit Reporting: There is always a possibility that such payments harm the credit score.
grant Default: Consistent failure may lead to two things: non repayment of the grant or even default.
Exceptions
There will be no exception to this policy. All our payments including grant repayments and all fees are non-refundable and shall be auto-adjusted subject to the policy.
Important Notes
Acknowledgment of Return Policy: When employing grant services offered by our company, you hereby agree to our aforementioned return policy.
Auto-Adjustment Benefits: This makes it easy for us to manage our grants through our auto-adjustment policy.
Policy Changes: In any case, it is our policy to fully respect your rights under the law, and we therefore reserve the right to amend or update this policy from time to time.
Applicable Laws: This policy is provided under the strengths of the laws and regulations in the offering of business grants.
Revision History
This return policy has been updated last on the date. We shall however update or amend this policy from time to time without any notice.
Acknowledgment
I/We understand that:
LifePE Ujjwal Saving Foundation does not allow money to be returned once used in paying for the grant.
It will automatically mean deductions from the amount owed on the grant or future services to be rendered in a grant facility.
By checking on the agreed option, I/We acknowledge the following terms and conditions of this return policy.
Disclaimer
It should be important to point out that the return policy of our company is delineated by the current laws and regulations. In using our services, you further agree to our return policy, which is laid out in these terms.
Governing Law
This policy shall be governed by and construed by the laws of [State/Country).
Entire Agreement
The provisions of this return policy contain the entire understanding between you and LifePE Ujjwal Saving Foundation concerning grant repayments and refunds.
Changes to this Policy
All changes or updates to this policy will be done with prior notice, unless; a necessity arises for immediate changes. All changes will be increasingly applicable from the dates they are posted on the website.
Acceptance
Our grant services come with understanding and compliance with this return policy as indicated below.
NOTICE TO USERS AND DISCLOSURE TO THIRD PARTY
LifePE Ujjwal Saving Foundation provides the App services in a technology brokerage capacity. Therefore, disclosure of Your information may be necessary to grant You access to the Website and/or our services; to meet our legal obligations, and to protect You, Us, and others from fraudulent or unlawful activities concerning the Services and/or the Website.
We have engaged some vendors as stated below, for the KYC verification process and Users’ authentication for the App. We may use their assistance on an as-needed and services (*offerings) basis provided that the User has accessed the App.
DATA RETENTION
Your information will be retained for as long as You use or retain an account with us or require the use of the App services. Any information that We obtain shall be kept and processed by Us for as long as it is required by Us to meet Our legal requirements, in connection with any current or prospective legal proceedings as well as for other purposes incidental to the running of Our business. If You cancel/deactivate/unsubscribe Your account with Us, It does not bind Us to store Your data. In any event, We may retain Your information for twelve (12) months after You cancel/ deactivate/ unsubscribe Your account with Us for legal reasons.
INFORMATION SECURITY
You are also aware of all security risks including the likely interception of any of Your transactions and statements of account on the internet and the content of Your transactions or statements of account becoming known to third parties. You further also confirm and undertake that You will not in any manner hold LifePE Ujjwal Saving Foundation liable therefore. Any information, including but not limited to credit card number, PIN, password, account information, transactions carried out by You, account balances, and all information available and/or stored on Your Device is used and/or stored on Your sole responsibility. You moreover agree and confirm that LifePE Ujjwal Saving Foundation does not necessarily encrypt all information or messages from and to Your website(s).
YOUR RIGHTS ABOUT SENSITIVE PERSONAL DATA OR INFORMATION COLLECTED BY US
You also have the right to withdraw your consent about the processing of Your data at any time in writing by sending an email to Us at website subject to the terms of this Policy. As a caution, however, you are reminded that a withdrawal of consent has never been considered to be done with retroactive effect and it only takes place prospectively.
We shall not be held responsible for any kind of transmission of any material whatsoever which You receive from any third-party website. Consequently, LifePE Ujjwal Saving Foundation will not be responsible for the protection of your personal information as provided under this policy about third-party sites. Third-party terms of posting are responsible for the availability and content of third-party sites that may be linked to this site and LifePE Ujjwal Saving Foundation will not endorse such sites or the goods or services provided on those sites or the accuracy.