TABLE OF CONTENT

Key Highlights

  • Part payment of a personal loan decreases the outstanding principal and total interest burden.
  • Payment of 10–25% of your loan amount at the beginning of the tenure provides maximum interest savings.
  • Most lenders permit part payments after 6–12 EMIs, usually with no or low fees.
  • Strategic, regular part payments can reduce your loan tenure by a large extent and enhance your credit health.

Personal loans have been a popular go-to option in today's fast-paced financial environment to cover unplanned expenses, weddings, medical crises, home improvements, or vacations. Though these loans ensure quick disbursal and low documentation, they tend to have comparatively higher interest rates.

To lower the cost of borrowing, you can now seek alternatives such as part payment of personal loans. But the important question is: How much part payment should you pay? Is there an ideal amount or time to do so?

This in-depth manual delves into what part payment is, how it functions in a personal loan, its advantages, and how to determine the perfect amount for part payment based on your loan method and financial status.

What is a Part Payment in a Personal Loan?

Part payment is the process of paying an extra amount of money in addition to your normal EMI toward your loan's principal. In contrast to foreclosure — where the entire outstanding loan is paid by you —a part payment personal loan enables you to lower your principal amount partially without completely closing the loan.

Also Read - Know the advantages of part payment and prepayment on personal loans

Key Features of Part Payment

It is important to understand the main characteristics of part payment in personal loans to get the best out of this repayment method. Below is a comprehensive analysis of what makes part payment of a personal loan a useful financial instrument:

Reduces Outstanding Principal

The most important thing about a part payment is that it directly decreases your loan's outstanding principal amount. In contrast to EMIs, which consist of interest and principal combined, a part of the payment goes completely toward the principal. The decrease in this manner implies that interest is computed on a lesser base figure for future periods, resulting in much savings in the long run.

Flexible Payment Options

Part payments provide convenience without the long-term commitment of shutting the loan altogether (such as through foreclosure). You are free to pay a lump sum part payment at any time you have excess funds — from an investment maturity, tax refund, bonus, or gift — without changing your current repayment pattern unless you want to.

Can Lower EMI or Tenure

Once you make a part payment, some lenders give you the choice of how the advantage should be utilised:
  • Decrease EMI: Keep the same loan tenure but reduce your monthly EM (equated monthly instalment) burden.
  • Decrease Tenure: This keeps the EMI the same but decreases the loan period, allowing you to finish it earlier and save on interest.

Available After Initial Lock-in Period

Most lenders have a lock-in period — usually 6 to 12 months — before part payments are permitted. After this period, you can make one or more-part payments based on the lender's policy.

Subject to Lender's Terms and Charges

Each lender has varying rules for part payments. Although most banks and NBFCs now charge zero-part payment charges, others may:
  • Restrict the frequency of part payments in a year.
  • Leverage a fee (commonly 2% to 5%) on the paid amount.

Easy to Process—Usually Online

Most lenders easily accept part payment requests through internet banking or mobile banking, which is convenient. You can choose the amount, pick the account to deduct from, and view your new loan balance online.

Helps Build Creditworthiness

Timely part payments signal strong financial discipline to credit bureaus and lenders. This can improve your credit score, which enhances your eligibility for future loans, credit cards, or refinancing options at better interest rates.

No Need to Disrupt Your EMI Schedule

Part payments are in addition to your normal EMIs. You keep paying your monthly EMIs as scheduled unless you ask for a change. This maintains regular repayment history and continuous loan servicing.

Also Read - Find out how a personal loan part payment works

Advantages of Part Payment of Personal Loan

Selecting a personal loan with a part payment option can open up many financial benefits for the borrowers. Let's see why it's a wise decision:

Substantial Interest Savings

Interest on personal loans is usually charged on a reducing balance basis. By prepaying part of the outstanding principal, you save substantially on interest charges over the rest of the tenure.

Reduced Loan Tenure

You can prepay to close the loan early. Closing the loan earlier brings mental peace and enhances your long-term credit profile.

Possible EMI Reduction

Part payments can be used in some situations to lower monthly EMI commitments, particularly if you're experiencing cash flow difficulties or making a career change.

Enhanced Credit Score

Make part payments, and you display that you're a disciplined borrower before lenders. This is noted in your credit history, improving your future loan eligibility.

Financial Freedom and Discipline

Paying off debt sooner equates to more spendable income, improved financial well-being, and freedom to invest in other ventures.

How Much Part Payment Should You Make?

This is where strategy enters the picture. Let's analyse:

Minimum Recommended Part payment: 5-10% of Outstanding Principal

This is a good range for borrowers who want to cut the interest component modestly without affecting liquidity. For example, on a ₹5 lakh loan, a ₹25,000–₹ 50,000 part payment can still significantly impact interest.

Optimal Part payment: 20-25% or More

This range has the most dramatic effects—substantially shortened tenure and high interest savings. For instance, a ₹1 lakh part payment on a ₹5 lakh loan taken midway through the tenure can shorten the loan duration by a few months and save lakhs in interest.

Strategic Recurring Part payments: Every 6-12 Months

Can't afford a lump sum? Make lower, periodic part payments instead — quarterly, biannually, or annually. This will still go a long way in saving you interest outgo and is less painful on your purse.

Real-life Example: Interest Savings Through Part Payment

Suppose the following is the case:
Loan Amount: ₹5,00,000
Tenure: 5 years (60 months)
Interest Rate: 12%
EMI: ₹11,122
Now, assume you pay a ₹1 lakh part payment after 12 months.

Particulars Without Part payment With a ₹1 Lakh Part payment
Tenure 60 months 51 months
Total Interest Paid ₹1,67,320 ₹1,31,200 (approx)
Interest Saved – ₹36,120 (approx)
EMI ₹11,122 ₹11,122 (unchanged)


When is the Best Time to make a Part Payment?

Timing is crucial in deciding how good a part payment will be to lower your loan burden. A part payment made at the correct time can significantly reduce your interest cost and even assist you in settling the loan much sooner.

Here's the analysis of when to make a part payment of a personal loan, with information on how your savings ability varies with the loan term.

Phase Optimal Period Effect Benefits Recommendation
At the beginning of the loan tenure (best option) During the initial 6–18 months of the loan Highest interest saving + shortened loan term.
  • Saves you the interest amount.
  • Cuts down the overall loan tenure by several months.
  • Helps become debt-free faster.
  • Boosts your credit score sooner.
 If you’ve recently taken a loan and received a bonus, inheritance, or tax refund, use it for part of the payment. This is the smartest financial move for long-term savings.
Mid-Tenure of the Loan (Still Effective) Between 18–36 months for a 5-year loan Moderate interest savings + some reduction in tenure or EMI.
  • Saves interest outgoes.
  • Gives the flexibility to reduce the tenure or EMI.
 Employ increments in pay, company profits, or modest windfalls (such as FD maturities) to contribute a one-off or yearly part payment halfway through the loan period.
Towards the End of Loan Tenure (Less Effective) Last 12–18 months of loan period Very little interest saved.
  • You can close the loan prematurely.
  • Freeing your income before taking another loan.
  • Increase in credit score.
 Make only a partial payment in the last stage if you're planning to pay off debt entirely or have a specific goal (such as enhancing credit utilisation or planning for a new loan).


Summary Table: When to Make a Part Payment?

Here's a quick table to help you understand the right time to prepay the loan -

Loan Phase Timing Interest Savings Tenure Reduction Recommended Action
Early Stage 0–18 months YES YES Make lump sum payments
Mid Stage 18–36 months Yes, to some extent Yes, to some extent Make moderate part payments
Late Stage 36+ months Negligible Negligible Consider full closure


How to Make a Part Payment on Your Personal Loan?

Paying part of your personal loan is quicker and easier than before today, thanks to electronic banking platforms and the consumer-friendly policies of lenders. But to ensure it is done correctly and updated in your personal loan account, you must complete the proper process and know the lender's terms.

Here's a step-by-step guide on how to make a partial payment on a personal loan and what to remember before and after the transaction.

Step 1: Check Your Loan Agreement or Contact the Lender

Before making a part payment, the first and most crucial step is to know your lender's part payment policy:
  • Is part payment permitted?
  • What is the lock-in period? (Typically, 6–12 months)
  • Is there any minimum amount or percentage? (e.g., ₹25,000 or 5% of outstanding)
  • How many part payments are permitted per annum?
  • Are there any fees or charges? (Some lenders require 2–5% on the paid amount.)

For specific part payment terms, check your loan sanction letter, the lender's website, or call customer care.

Step 2: Fix the Payment Amount

Once you verify the lender's policy, fix the amount to part pay. Ideally, it should be:
  • A minimum of 10% to 25 % of the outstanding loan amount (for best results).
  • Depending upon the excess amount you have without breaking your emergency fund.
  • A one-time payment of ₹50,000–₹100,000 can save you tens of thousands of rupees in total interest.

Step 3: Choose the Mode of Part Payment

Depending on your lender, you might be able to pay the part payment via one or more of the below-mentioned channels:

Online Banking/Net Banking

  • Log in to your loan account via your lender's net banking website.
  • Pick the loan service or repayment option.
  • Pick part payment or prepayment.
  • Enter the amount, pick the payment source, and confirm the transaction.

Mobile App:

  • Download and log in to your lender's official mobile app.
  • Open the "Loans" section.
  • Choose your personal loan and select the part payment option.
  • Enter the amount, and go ahead and pay through UPI, net banking, or a linked account.

Branch Visit (Offline Method):

  • Visit your bank or NBFC branch with loan account details, ID proof, and a cheque or debit instruction.
  • Request a part payment form, complete it, and make the payment.
  • Obtain a written acknowledgment or receipt.

Phone Banking (If offered):

A few lenders might permit you to make a part payment by phone banking with due authentication and fund setup.

Step 4: Verify How the Payment Will Be Used

Once you've made the part payment, ensure you know how it will affect your loan:

  • Will the EMI decrease or the tenure decrease?
  • Can you opt for either of the two?
  • How quickly will the adjustments be incorporated into your loan statement?

Call customer care or your loan manager to make a well-informed decision.

Step 5: Receive a Confirmation and New Statement

Once your part payment is completed:

  • Ask for a payment receipt (email, SMS, or physical).
  • Request an updated amortisation schedule or loan statement reflecting the new balance.
  • Monitor the change in your EMI or tenure (depending on your choice).

This is important to confirm that your payment has been received properly and that you're taking advantage of it.

Things to Consider Before Making a Part Payment

The following table gives you an insight into do’s and don’ts while making part payment of the personal loan:

Do’s Don’ts
Check lock-in period and charges. Don’t use emergency funds for part payment.
Keep enough funds for EMIs and expenses. Don’t make a payment without confirming the rules.
Choose between EMI reduction and tenure reduction. Don’t forget to get confirmation receipts.
Consider the timing for maximum impact. Don’t assume all banks allow part payment online.

Fees for Part Payment

Some lenders charge fees for part-payment personal loans, though many new-age NBFCs and fintech lenders now offer free part payments.

Lender Type Typical Fee (If Applicable)
Public sector banks. Often no fees.
Private banks. 2-5% of part payment amount.
NBFCs Varies, but increasingly free.


How to Determine the Proper Part Payment Amount?

Follow these tips to know the part payment amount for you:

Measure Liquidity

Do not drain your emergency fund. Make a part payment only if you have surplus funds which do not affect your regular budget.

Pay High-Interest Debt First

If you have several loans, pay the one with the highest interest rate. Common examples include credit card bills and personal loans.

Spend Windfalls

Use bonuses, tax refunds, and investment maturity proceeds for part payments.

Schedule Periodic Payments

Paying a small amount (₹10,000–₹20,000) periodically can accumulate into large amounts.

Part Payment vs Foreclosure

Now we know what part payment is and how to determine the proper part payment amount for you. Now let us consider the difference between part payment or foreclosure of the loan, from the following table:

Feature Part payment Foreclosure
Amount Paid Partial Full Outstanding Balance
Loan Closed? No Yes
Impact on Tenure Reduced Ends immediately
Flexibility High One-time action
Charges Sometimes lower Maybe higher


Use part payments if you can't afford full foreclosure or want to maintain flexibility.

Manage Your Debts With Part Payments

Part payment is an effective way to lower both your interest burden and loan term.

But before you go ahead, please make sure that your lender supports part payments on
personal loans without excessive penalties. You must also maintain some savings for emergencies even after paying the amount, and you must be looking to lower your overall debt sensibly.

The bottom line? The sooner and the more you pay in part, the better. Even one timely part payment can save you thousands of rupees in interest and enable you to repay your loan months ahead of schedule — getting you closer to a debt-free life.

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FAQS – FREQUENTLY ASKED QUESTIONS


  • What is a part payment in a personal loan?

    Part payment is paying an additional amount (apart from normal EMIs) toward the loan amount, which decreases the outstanding amount and interest burden.

  • Is part payment better than full foreclosure?

    It depends on your financial condition. Part payment provides flexibility if you cannot repay the entire loan, whereas foreclosure settles your debt in full

  • When do I make a part payment on my personal loan?

    The sooner, the better — preferably in the initial 1-2 years when the interest portion is at its maximum.

  • How much part payment do I need to make?

    A lump sum part payment of 10–25% of your current principal is ideal. Smaller periodic payments also work.

  • Will my EMI decrease after partial payment?

    This varies with the lender. Some reduce the EMI, and others reduce the tenure. You may ask for your preferred choice.

  • Is there a part-payment charge on a personal loan?

    Certain lenders charge 2% to 5% of the part payment amount. Nevertheless, most have free part payments after some time.

  • Can I make more than one part payment?

    Yes, although some lenders might limit the number or sum of part payments in a financial year. See your lender's terms.

  • Does a part payment have any impact on my credit score?

    Yes, favourably. It indicates good repayment behaviour and reduces your debt-to-income ratio.

  • What should I do if my lender does not permit part payment?

    You might want to refinance your loan with one that has more flexible repayment or explore foreclosure if possible.

  • Is online part payment possible?

    Most banks and NBFCs have also introduced part payment through net banking or mobile app facilities. You may even go to the branch to start it.

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The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.

Manner of Use of Personal Information

All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.

Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,

You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.

Use of Website in India

This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.

Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.

In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.

You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.

Third party websites

This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).

USE of APP

In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.

Postings and monitoring

The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.

Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.

We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.

If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com

Use of Cookies

You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.  

Facilities Changes and Discontinuation

The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.

ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.

Compliance with the Law

You agree that you will not:

  • Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
  • Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
  • Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
  • Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
  • You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.

Restrictions on Commercial Use or Resale

Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.

No Endorsements

All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.

Promotional Offers

You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.

Charges for use of Website

There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).

No Endorsement

You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.

In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.

Electronic Communications

These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.

Assignment

You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.

Legal Disclaimers

The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.

The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.

Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.

No Solicitation

No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.

The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an  amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.

Statutory Disclosure

ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF.  Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.

Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.

Force Majeure

The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.

Indemnification

You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.

No Waiver

The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.

Exclusive Agreement

You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.

Termination

Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.

Governing Law and Jurisdiction

The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.

These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.

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