{"id":7354,"date":"2025-12-17T18:34:38","date_gmt":"2025-12-17T13:04:38","guid":{"rendered":"https:\/\/fatakpay.com\/blog\/?p=7354"},"modified":"2026-03-06T17:11:54","modified_gmt":"2026-03-06T11:41:54","slug":"fatakudaan-terms-and-conditions","status":"publish","type":"post","link":"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/","title":{"rendered":"Terms and Conditions: FatakUdaan"},"content":{"rendered":"\n<p>When it comes to financial products, understanding the terms and conditions (T&amp;C) is key to making an informed decision. FatakUdaan (formerly Lakshya+) offers small-ticket unsecured loans to help you manage financial emergencies, but before you get started, let\u2019s walk through the <strong>key terms<\/strong> that govern this loan.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#1_Eligibility\" >1. Eligibility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#2_Loan_Terms\" >2. Loan Terms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#3_Fees_Charges\" >3. Fees &amp; Charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#4_User_Obligations\" >4. User Obligations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#5_Refund_Policy\" >5. Refund Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#6_Communications\" >6. Communications<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#7_Limitation_of_Liability\" >7. Limitation of Liability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#8_Governing_Law_Jurisdiction\" >8. Governing Law &amp; Jurisdiction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#9_Grievance_Redressal\" >9. Grievance Redressal<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.fatakpay.com\/blog\/fatakpay-brand-campaigns\/fatakudaan-terms-and-conditions\/#Important_Notice\" >Important Notice:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Eligibility\"><\/span><strong>1. Eligibility<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To avail of the <a href=\"https:\/\/fatakpay.com\/blog\/personal-finance\/credit-score\/what-is-fatakudaan\/\" target=\"_blank\" rel=\"noopener\">FatakUdaan<\/a> loan, you need to meet the following criteria:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Residency<\/strong>: Must be a resident of India.<br><\/li>\n\n\n\n<li><strong>Age<\/strong>: You must be between 18 and 60 years old.<br><\/li>\n\n\n\n<li><strong>Contractual Capability<\/strong>: You must be able to enter into legally binding contracts under Indian law.<br><\/li>\n\n\n\n<li><strong>KYC<\/strong>: Successful completion of Know Your Customer (KYC) is mandatory.<br><\/li>\n<\/ul>\n\n\n\n<p>If you meet these eligibility criteria, you can access the loan, but it is essential to read the fine print to avoid any surprises.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Loan_Terms\"><\/span><strong>2. Loan Terms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>FatakUdaan provides an unsecured loan with the following loan structure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loan Amount<\/strong>: \u20b91,500<br><\/li>\n\n\n\n<li><strong>Interest Rate<\/strong>: 5% monthly<br><\/li>\n\n\n\n<li><strong>Repayment Tenure<\/strong>: 5 months (EMIs)<br><\/li>\n\n\n\n<li><strong>Repayment<\/strong>: Five Equal Monthly Installments (EMIs) of \u20b9314 each.<br><\/li>\n<\/ul>\n\n\n\n<p>The final approval for loan disbursement rests with the Lending Partner, and you should be aware that <strong>timely repayment<\/strong> of your EMIs may positively impact your credit score. On the other hand, <strong>delays or defaults<\/strong> can harm your score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Fees_Charges\"><\/span><strong>3. Fees &amp; Charges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There\u2019s a <strong>one-time fee<\/strong> of \u20b9999, plus 18% GST, payable when you purchase FatakUdaan. This fee is <strong>non-refundable<\/strong> unless there is a technical issue with activating the product. Additionally, penalties and default charges may apply based on your Lending Partner\u2019s policies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_User_Obligations\"><\/span><strong>4. User Obligations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When you opt for FatakUdaan, you agree to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Repay the loan in full according to the scheduled EMIs.<br><\/li>\n\n\n\n<li>Avoid using the loan for <strong>fraudulent or unauthorized purposes<\/strong>.<br><\/li>\n\n\n\n<li>Face <strong>legal consequences<\/strong> if you breach your repayment obligations.<br><\/li>\n<\/ul>\n\n\n\n<p>Non-payment may lead to legal action and <strong>reporting to credit bureaus<\/strong>, which can negatively affect your credit score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Refund_Policy\"><\/span><strong>5. Refund Policy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Except in cases of technical failure where the product has not been activated, <strong>the fee is non-refundable<\/strong>. If any refund is applicable, it will be processed back to the original mode of payment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Communications\"><\/span><strong>6. Communications<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>By availing of the loan, you consent to receive communications related to your loan from <strong>FatakPay<\/strong> and its partners via SMS, email, phone calls, WhatsApp, or in-app notifications. These communications will include details about your loan status, repayments, and more.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Limitation_of_Liability\"><\/span><strong>7. Limitation of Liability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>While <strong>FatakPay<\/strong> facilitates the loan as a Loan Service Provider (LSP), the actual loan disbursement and repayment terms are handled by the <strong>Lending Partner<\/strong>. <strong>FatakPay<\/strong> is not responsible for any direct or indirect damages related to your loan, except for those caused by gross negligence or misconduct by <strong>FatakPay<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Governing_Law_Jurisdiction\"><\/span><strong>8. Governing Law &amp; Jurisdiction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All disputes related to these terms and conditions shall be governed by <strong>Indian law<\/strong> and will be subject to the exclusive jurisdiction of the courts in <strong>Mumbai<\/strong>, Maharashtra.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_Grievance_Redressal\"><\/span><strong>9. Grievance Redressal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you have any concerns or complaints regarding FatakUdaan, you can reach out to <strong><a href=\"https:\/\/fatakpay.com\/\" target=\"_blank\" rel=\"noopener\">FatakPay<\/a> Customer Care<\/strong> at:<\/p>\n\n\n\n<p>\ud83d\udcde <strong>Customer Care Number<\/strong>: +91 9987178747<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_Notice\"><\/span><strong>Important Notice:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Please read the full <a href=\"https:\/\/fatakpay.com\/terms-condition\" target=\"_blank\" rel=\"noopener\"><strong>General Terms and Conditions <\/strong><\/a>here before applying for the loan to ensure a smooth experience with FatakUdaan.<\/p>\n\n\n\n<p>By understanding the terms and ensuring that you&#8217;re eligible, you can make the most out of FatakUdaan\u2019s benefits, without any surprises down the road.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to financial products, understanding the terms and conditions (T&amp;C) is key to making an informed decision. FatakUdaan (formerly Lakshya+) offers small-ticket unsecured loans to help you manage financial emergencies, but before you get started, let\u2019s walk through the key terms that govern this loan. 1. Eligibility To avail of the FatakUdaan loan,<\/p>\n","protected":false},"author":1,"featured_media":7355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[259],"tags":[],"class_list":{"0":"post-7354","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fatakpay-brand-campaigns"},"_links":{"self":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/7354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/comments?post=7354"}],"version-history":[{"count":2,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/7354\/revisions"}],"predecessor-version":[{"id":8764,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/7354\/revisions\/8764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media\/7355"}],"wp:attachment":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media?parent=7354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/categories?post=7354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/tags?post=7354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}