Refund Policy
Refund Policy
Effective Date: 24.03.2025
Paraf Foundation is a registered company under Section 8 of the Companies Act, focused on promoting financial inclusion for rural women through affordable microfinance solutions. We offer group loans at a low-interest rate of 1.04% per month, with a minimum group size requirement of 10 members.
Please read this policy carefully before availing our services.
Paraf Foundation does not offer any refunds. Once payments are made—whether they are processing fees, loan disbursements, or any other charges—they are non-refundable under all circumstances.
This includes, but is not limited to:
Loan processing fees
Group formation charges (if applicable)
Interest payments
Any advance payments made by borrowers
As a not-for-profit entity working with low-cost microfinance in underserved rural areas, we aim to keep our administrative and operational costs minimal. Our loan products are designed to support rural women by offering access to finance at the lowest possible interest rate. To maintain the integrity and sustainability of our programs, we are unable to process or offer refunds once a financial transaction has occurred.
If you have any questions about this policy or need clarification, please contact:
Paraf Foundation
Email: admin@paraffoundation.in
