Loan Agreement Policy

1. EMI / Finance Facility

MOBILEDADDY offers in-house EMI (Equal Monthly Installment) facility on select mobile phone purchases, subject to approval.

2. Eligibility

• Indian citizen aged 18 years or above
• Valid government-issued photo ID
• Proof of income (for EMI above ₹20,000)
• Completed KYC verification
• No existing defaulted EMI with us

3. EMI Terms

4. Agreement

• The product remains the property of MOBILEDADDY until all EMIs are fully paid.
• Customer shall not sell, transfer, or pledge the product during the EMI period.
• The original invoice and warranty will be handed over upon full payment.

5. Default & Consequences

• Failure to pay 3 consecutive EMIs will result in the account being marked as "Defaulted".
• Recovery proceedings may be initiated as per our Recovery Terms.
• The customer's record may be reported to credit agencies.

6. Guarantor

For EMI amounts exceeding ₹30,000, a guarantor may be required. The guarantor must provide their own KYC documents and agrees to be liable in case of customer default.