Legal Policy
At Policybulls, we are committed to providing transparent and professional services related to loans, insurance, and credit support. By availing our services, users (clients/customers) agree to the following legal terms:
1. Payment Terms
- All fees for our services — including but not limited to consultation charges, processing fees, documentation fees, and advance commissions — must be paid in full as agreed before the initiation of any work or loan processing.
- Payments can be made via UPI, bank transfer, or post-dated cheques.
2. Cheque Bounce / Payment Default Policy
- If a customer issues a cheque and it is dishonored by the bank due to insufficient funds, stop payment instructions, account closure, or signature mismatch, it will be treated as a criminal offense under Section 138 of the Negotiable Instruments Act, 1881.
- In the event of a cheque bounce or default in any agreed payments, Policybulls reserves the right to:
- Issue a legal notice demanding payment within 15 days of dishonor.
- File a criminal complaint under Section 138 of the Negotiable Instruments Act if payment is not made after the notice period.
- Initiate civil recovery proceedings and claim any additional costs incurred (legal fees, interest, damages, etc.).
- Share the defaulter’s information with relevant credit bureaus and take steps that may impact the customer’s credit score.
3. Acceptance of Terms
By using any of our services, you (the client) agree to comply with our payment terms and acknowledge the legal implications of payment default, including but not limited to cheque dishonor.
4. Contact
For any concerns or disputes regarding payments or legal matters, please contact:
Policybulls Legal & Compliance Team
Email: support@policybulls.com
Phone: +91-9319139789
Delhi NCR, India
Note: This legal policy is designed to ensure professional conduct and legal protection for both parties. We urge our clients to fulfill payment obligations on time to avoid any unnecessary legal actions.