• In accordance with SICOM’s credit policy norms and risk based assessment procedures, each loan application will be appraised after carrying out proper due diligence..
  • The standard terms and conditions will be discussed with the borrower. These mutually discussed terms and conditions will be put up to the sanctioning authority. Any modifications / additions / deletions indicated by the sanctioning authority will be communicated to the borrower. The Sanction letter will be released to the borrower upon payment of processing fees as applicable.
  • The acceptance of these terms and conditions by the borrower will be kept on record
  • The Company shall mention the penal interest charged for late repayment in bold in the loan agreement