Jayabharat Credit company was originally incorporated as The Jayabharat Insurance Company Limted on March 25, 1943, was dealing in general insurance business. On nationalisation of insurance business in 1969 the company was subsidiary to The New India Assuarance Company, which took over the insurance business of the company.
Jayabharat changed course to become Non Banking Finance Company (NBFC) and took to the business of financing trucks under hire-purchase schemes. Leasing followed so did corporate financing. The company has been paying uninteruppted dividend since past 34 years to its shareholders.
The company has been re-classified as an Asset Financing Company (AFC) by the Reserve Bank of India vide their Registration Certificate No. 13.01132 dated 03/06/2008.
The company does not interfere in the affairs of the borrower except for the purposes provided in the terms and conditions of the loan agreement.
Upon receipt of any request for transfer of loan account by the borrower, the consent or objection would be conveyed within 21 days from the date of receipt of request. The company does not have a practice of transfer of loan account from one customer to another. However upon receipt of such a request the company may consider the same provided the transferee and his credit worthiness is acceptable to the company.
Products and services offered by the company :
Hire Purchase Financing for:-
Fixed Deposit Scheme