INsta Plus

Section I: Privacy Policy

This Privacy Policy governs the manner in which Finzoomers Services Private Limited ("we," "our," or "us") collects, uses, discloses, and safeguards the personal information of users ("you" or "your") who are availing / intend to avail services under INsta Plus (“Loan against mutual funds” or “Services”) which is being facilitated through the INDmoney Application (“INDmoney App”). This privacy policy outlines how we collect, use, store, and disclose personal information in accordance with applicable laws, regulations, and guidelines, including but not limited to the Information Technology Act, 2000 and the rules framed thereunder, as may be amended from time to time (“IT Laws”) and the regulations, directions, circulars, guidelines or other mandates issued by the Reserve Bank of India (“RBI”) and as applicable to the Services (collectively, “Applicable Laws”). By accessing and using our services, you consent to the practices described in this Privacy Policy. Please note, this privacy policy shall be read in conjunction to and harmoniously with conditions and Privacy Policy of the platform, lending partner and the obligations included in the loan documents.

Information We Collect

We collect and store the basic personal information such as your name, address, email address, telephone number, date of birth, employment details, annual income, investment holdings, investment etc. that are required for our operations as a lending service provider under the extant regulatory guidelines. Further, basic personal information is required to enable (a) you to avail the Services, (b) lending partner to perform necessary customer due diligence check(s), and to provide you with Services. You may also need to provide certain other additional information as a part of the application process while availing Services. Any information provided specifically for the purpose of accessing Services or generated upon successfully receiving Services, will be retained to the extent required by the applicable laws or as set out in the contractual agreements with the third parties.

We do not collect, access or store data such as call logs, telephone functions, media & files ,contact list ,biometric data etc. in the INDmoney App, if need be, for the purpose of on-boarding/ KYC requirements in connection to the Services been facilitated for operational functioning, we may seek one-time access for camera, microphone, location or any other facility necessary.

Use of your Information

We use your basic personal information that we collect in accordance with this Privacy Policy and for the following purposes: a) To offer and provide you with our Services, process applications etc.; b) To respond to your inquiries, provide customer support, and address any issues or concerns you may have; c) To communicate with you, send important notifications, updates, and marketing materials related to our Services. You may opt out of marketing communications at any time by logging into INDmoney App and make changes under “Communication Preferences” in manage settings & accounts; (d) To analyse and improve our Services, develop new features, and enhance the user experience (e) To comply with the requirements of applicable laws / regulations and / or court orders / regulatory directives received by us. The lending partner may use your basic personal information to further undertake customer due diligence checks which may include but not limited to creditworthiness, Know Your Customer (KYC), anti-money laundering (AML), bank account verification etc. Further to ensure compliance with applicable laws, regulations, guidelines and directions issued by regulatory / government authorities from time to time.

Sharing and Storage of Data

We adhere to maintain security and transparency with the information we have received from you while availing the Services and we will never share any such information without your consent and without disclosing the purpose behind the same. All such data shall be stored in servers located within India. During various processes such as application submission or when availing our product or Service offerings, we may request your consent to use or share your personal data. We strictly adhere to a "need-to-know" principle in our business and operational processes, only sharing the data with designated personnel, partners, service providers, or third parties on a limited basis or if mandated by applicable laws or regulators. You can find the details of our partners, service providers, or third parties with whom we may share your personal data on a limited basis in Annexure - 1, enclosed herewith. We will retain your data for the period that you continue to be our customer and for such period as required to comply with any obligation under any law for the time being in force.

Third-Party Policies

We may engage with various third parties in connection with the Services availed through the INDmoney App.

In general, the third-party service providers we work with will only collect, use, and disclose your information to the extent necessary to perform the services or activities they provide to us. When sharing information with these service providers, we take appropriate security measures and make commercially reasonable efforts to ensure that all recipients adhere to confidentiality, fidelity, and secrecy obligations as well as sign covenants to that effect. We require such third parties to provide the same or equivalent level of protection to your information as outlined in this Privacy Policy. It is important to note that once you provide information to or interact with third parties including lending partners through the INDmoney App, our Privacy Policy will no longer apply, and we cannot be held responsible for the privacy practices of these third parties. It will be governed by such Third parties privacy policy.

However, certain third-party service providers, such as banks, financial institutions, payment aggregators, or credit information companies, may have their own privacy policies governing the information we are required to share with them. We recommend reviewing their privacy policies to understand how they handle your information. It's important to be aware that certain third-party service providers may be located in or have facilities located in different jurisdictions. Therefore, if you proceed with a transaction involving the services of such a third-party provider, your information may become subject to the laws of the jurisdiction(s) in which the provider is located or where its facilities are located. Once you leave the INDmoney App and are redirected to a third-party website or application, you will no longer be governed by our Privacy Policy or the INDmoney’s App terms and conditions. Instead, the privacy policy of the respective website or application will apply. We cannot be held liable for the actions or omissions of these third-party service providers.

Disclosure of Information

We may disclose your information as required by law, legal process, or to respond to a governmental or regulatory request. We may also disclose information to protect our rights, safety, and property, or to enforce our Terms and Conditions.

Data Security & Retention

We take appropriate technical and organizational measures to protect your information from unauthorized access, alteration, disclosure, or destruction. We implement industry-standard security practices and regularly review our security measures to ensure the ongoing protection of your information.

Furthermore, we will delete your Personal Information upon your request, provided there is no active loan or service being availed by you or if your Personal Information is required to be retained due to applicable laws or any regulatory requirement.

The user information collected by us will be stored and retained for a period of maximum 10 (ten) years or as long as necessary for compliance of applicable laws. We do not keep your personal data and information longer than necessary for the purpose of the processing except for any record retention required by applicable laws, including but not limited to Prevention of Money Laundering Act 2002. This includes, for example, the purposes of satisfying any legal, regulatory, accounting, or reporting requirements, to carry out legal work, for the establishment or defence of legal claims. We may aggregate and anonymize your personal data and information (so that it can no longer be associated with you) for research or statistical purposes, in which case we may use this information indefinitely without further notice to you.

Withdrawal of Consent & Rectification

After fulfilling any pending contractual obligations, you have the option to access and review the information you have shared with us. Additionally, if you wish to withdraw or revoke your consent for us to process any information you have provided, you can notify us in writing at lendingsupport@indmoney.com. Furthermore, if you would like to delete your account on the INDmoney App, you may make a request for account deletion via App by accessing Delete Account option available under your profile settings.

At any point in time, you may choose to unsubscribe/stop receiving loan offers from us, you can send an email to lendingsupport@indmoney.com. The email should mention your mobile number with request for data deletion. The data deletion will happen within 90 days of your request.

We will not retain your information if it is no longer necessary for our purposes and there are no legal requirements mandating its retention. However, please be aware that there may be multiple legal bases that require us to retain certain information at any given time. If any of the information you have provided to us is inaccurate, incomplete, or outdated, we kindly request that you promptly provide us with accurate, complete, and up-to-date information so that we can rectify it on our end. It is important to ensure that you always provide us with accurate and correct information to ensure uninterrupted use of our services.

Updates to the Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices or legal requirements. We encourage you to review this Privacy Policy periodically for any updates. The updated Privacy Policy will be effective as of the revised date stated at the beginning of this document.

Contact Us

If you have any inquiries, requests, or complaints regarding the processing of your information by us, please feel free to contact or email our grievance officer at the addresses provided below. Our grievance officer is dedicated to addressing and resolving any concerns you may have.

Name: Mr. Rahul Kumar

Designation: Grievance Redressal Officer

Email id: lendingsupport@indmoney.com

Designation: Grievance Redressal Officer

Address: 624-625,6th Floor, Suncity Success Tower, Golf Course Extension Road, Sector-65, Gurugram-122005

We assure you that our grievance officer will make every effort to expeditiously address and redress your grievances to the best of their ability.

Annexure -1

Details of our partners’/ service providers/third parties with whom Finzoomers Services Private Limited may share users’ information on a partial and “need-to-know” basis. Name of partners/service providers/third parties

Section II : INsta Plus Terms & Conditions

Please read the terms and conditions as contained herein-below carefully and thoroughly, prior to proceeding further with INsta Plus Services (‘Services’). By Clicking on ‘Proceed’ or ‘Confirm’, You (“User/Your”)agree and accept to be bound by these Services terms and conditions (‘T&Cs’) set-out herein.

These T&Cs are in addition to the Terms and Conditions and Privacy Policy of the INDmoney Platform that applies to You when You access and register on the INDmoney Platform for availing the INDmoney Platform Services. The Terms and Conditions and these T&Cs shall be read harmoniously. In case of any conflict, these T&Cs shall prevail solely in relation to the Services and limited to the extent of conflict.

All capitalised terms used herein however not defined, shall have the meaning ascribed to them under the INDmoney Platform Terms and Conditions and/or the Privacy Policy. All information collected by the INDmoney Platform to provide the Services will also be covered under the Privacy Policy.

Finzoomers Services Private Limited (“Finzoomers/we/our”) have entered agreement(s) with non- banking financial institutes, wherein the role of Finzoomers is merely a platform provider with user interface that facilitate borrowing by a borrower from a NBFCs (‘Lender/s’). All loan against mutual fund offers are being provided and administered by the respective Lender/s, in accordance with extant RBI guidelines.

You hereby declare and certify that, (a) You are 18 years of age or older; (b) You are legally entitled to enter into Loan agreement with Lender to avail the said loan facility; (c) any and all information furnished by You during the course of Your journey to avail the loan facility is / shall be true, correct, updated and accurate; (d) You shall keep all Your information up to date; (e) that purpose of availing the loan facility by You is for your personal use only and that You understand that You shall not be using / permitted to use the loan facility for any other purpose including unlawful/illegal/improper purposes and/or anti-social purpose or making investment in the capital market or speculative purposes; (f) You unequivocally ensure that there are no ongoing criminal or insolvency proceedings against You, and You have not been classified as a wilful defaulter by any financial institution or the Reserve Bank of India

By availing of the Loan Against Mutual Funds service (“loan facility”), You understand that this is a secured loan where You pledge Your mutual fund units as collateral to secure a loan from our partner Lenders. The loan is provided as an overdraft facility, where interest is only accrued on the funds drawn from the loan account, and You retain the flexibility for principal repayment. Upon Your request and full repayment of Your loan, the Lender will unlien/unpledged Your mutual fund units. Please note that if You request to unlien/unpledge your mutual fund units, Your overdraft facility will be closed, leading to the closure of Your loan account.

If You wish to unlien/unpledge your mutual fund units, You may write to us at lendingsupport@indmoney.com requesting the un pledging of Your mutual fund units. We will coordinate with Your lender and facilitate the process. Please note that pledging and unpledging are at the lender’s discretion and subject to the lender’s policy. For abundant clarity, upon Your request for the unlien/unpledge of the mutual fund units, the Lender may take up to ten (10) business days to process Your request. Please note, that we have no right, authority and/or otherwise decision making power on the stated unlien/unpledge timelines. The said timelines are merely indicative in nature and may vary due to multiple reasons including settlement of loan amount outstanding charges, technical snags etc., therefore, we shall not be liable and/or responsible for any no action or delayed action on unlien/unpledged request by Lender/s. Notwithstanding anything to the contrary, You shall not have the right to redeem or sell Your mutual fund units, till such time the said mutual funds unit remains pledged with the Lender/s. Withdrawals can be made in tranches, with each subsequent tranche processed once the "Withdrawal Request" status is completed.

The list of mutual funds eligible for the loan facility is at the absolute discretion of the Lender and are subject to Lender’s policy. By availing the loan facility, You authorize Finzoomers and the Lender to make enquiries with registered credit bureaus and mutual fund RTAs i.e., CAMS and KFintech (“RTAs”) regarding Your credit history and investment details to provide You with the Services under these T&Cs.

By sharing your contact details with Finzoomers and the Lender, You agree that they have the right to fetch your mutual fund holdings from the respective RTAs. You unequivocally agree and knowingly consent to digitally lien mark/pledge in favour of the Lender, ensuring that the units cannot be redeemed or sold until the loan amount is repaid. The pledging/lien marking process is conducted entirely digitally and in real-time. The Lender retains the absolute right to decide the minimum loan limit. It is Your sole responsibility to ensure that You furnish the email address/phone number associated with the RTAs for the successful fetch of Your mutual fund holdings.

Finzoomers offers complete flexibility in choosing the mutual fund units You wish to lien mark for setting up the loan limit / disbursal amount. You have the freedom to change the schemes and units according to Your preferences and create Your own allocation for pledging/lien marking. If You wish to switch the pledged mutual funds, You can only do so by foreclosing Your existing Insta Plus withdrawal. While You retain ownership of the securities and continue to benefit from potential capital appreciation and dividend income, the mutual fund units cannot be sold while they are pledged. In the event of nonpayment, the Lender has the right to liquidate the pledged mutual fund (with or without notice, in accordance with Lender’s policy and Loan agreement) to recover the entire loan amount, charges, delayed payment interest, penalties and such other costs that are due and payable by You to the Lender.

Finzoomers and/or any of its group, subsidiary, associate and/or affiliate entities, do not offer, approve, disburse or sell, any loans on their own accord and do not own or claim to own any loan products of their own. All transactions are independent bilateral transactions between You and the Lender who is offering / approving grant of loan to You.

You agree that by opting for loan facility and by furnishing Your personal/contact details on the INDmoney Platform as required by Finzoomers during the process of completing the transaction, you are interested in availing the loan facilities from the Lender. You specifically understand and agree that by using the INDmoney Platform You authorize Finzoomers, and Lender to contact you for sharing communications w.r.t any kind of promotions/ advertisements/ communication related to ongoing offers; follow ups; etc. in relation to the loan facility opted by You. You expressly waive the Do Not Call registrations on your phone / mobile number for contacting you for this purpose. You hereby authorize Finzoomers to share your details with third parties, including but not limited to the Lender, and You can be contacted by third parties, including but not limited to the Lender, for information and for sales through email, telephone and/or SMS/WhatsApp.

Notwithstanding anything to the contrary stated under Privacy Policy (as provided for and updated from time to time), You hereby on Your own free wilful accord expresses intention to avail loan facility. You unconditionally & unequivocally grant permission to Finzoomers to share following personal information with Lender who shall be independently accessing Your information and evaluate your creditworthiness and decide on granting loan facility to You:

1. Personal information such as name, date of birth, mailing address, email address, telephone number etc
2. Personal information such as name, date of birth, mailing address, email address, telephone number etc.
3. KYC documents including PAN, identity proof, address proof, and/or such other details & documents (as may be prescribed by Finzoomers / Lender from time to time);
4. Transaction information on the INDmoney Platform;
5. Financial & bank account details;
6. Additional documents as may be mandated by Lender or for completing the transaction..

You understand that Finzoomers may obtain your personal Information, from any of its affiliates or group companies and You further provide your irrevocable and unconditional consent to Finzoomers for the sharing of your personal information, with the Lender and/or RTAs. You express no objection to this procurement and you hereby provide explicit consent for the same.

You hereby consent to the Lender to carry out the KYC and other requisite checks by such processes as may be permissible under law including verification of documents or details submitted for KYC purpose, accessing, and procuring data from databases maintained by statutory or other authorities constituted by law, for the purpose of granting the loan facility to you.

You hereby expressly acknowledge, understand and warrants that grant or denial of loan facility to You is at complete, absolute and sole discretion of the Lender. You further understand that the Lender may reject or put on hold your loan application (with or without any reason) in their sole discretion and judgement. The decision of Lender shall be final and binding. Finzoomers in no event shall be responsible for any acts or actions of Lender including delay, rejection, cancellation, early recall of loan, act of omission or commission, negligence, breach of confidentiality, breach of applicable laws, failure on part of Lender to discharge its obligations. You understand that Finzoomers is merely a facilitator, who has no bearing or control over the decision-making process of Lender.

By availing the loan facility, You hereby expressly agree, covenant, and consent that, these T&Cs (read with Terms and Conditions and Privacy Policy of the INDmoney Platform) along-with KFS, Sanction Letter, Loan Agreement and all other relevant documents issued by the Lender shall constitute as legally binding agreement upon You. You hereby unconditionally and unequivocally assure that, You shall at all time remain compliant with the said agreements. Failure to remain compliant with the said agreements may result in early termination of Your loan account / suspension of loan facility, termination / suspension of Your access to INDmoney Platform. You understand that Lender, Finzoomers reserves the right to initiate appropriate legal action against You arising due to Your non-compliance of the said agreement and/or these T&Cs, which shall be solely at your risk, cost and expense.

You shall solely and exclusively remain responsible towards payments of any and all taxes, tariffs, fees, commissions or such charges as may arise or become applicable as a result of You availing loan facility. You should make Yourself familiar with all terms and conditions relating to loan facility proposed to be availed by You including the APR, KFS, interest, charges penalty(ies), commission, fees (as may be applicable). You understand that the charges paid to the lender including expenses and/or login/processing fees are non-refundable. If your application is withdrawn by Finzoomers or rejected by the lender for any reason, you will not be entitled to a refund, either in part or in full.

Upon Your acceptance of Your loan facility agreement, You shall be legally bound to adhere to the entire loan facility agreement in letter and spirit.

THE INTEREST RATE MENTIONED IN OUR (GENERIC) COMMUNICATIONS AND/OR INDMONEY PLATFORM (VIA BANNER, NOTIFICATIONS) IS ONLY FOR INFORMATIVE PURPOSE. DEPENDING ON YOUR PERSONAL CIRCUMSTANCES (INCLUDING YOUR CREDIT SCORE, OTHER RISK METRICS DECIDED BY LENDER) THE INTEREST RATE OFFERED TO YOU MAY BE HIGHER OR DIFFERENT. FINZOOMERS (INCLUDING THE GROUP COMPANIES, AND EACH OF THEIR RESPECTIVE EMPLOYEES, REPRESENTATIVES, OFFICERS, DIRECTORS ETC.) DOES NOT MAKE ANY REPRESENTATION OR COMMITMENT OR ASSURANCE ON RATES AND TERMS OF BORROWING. PLEASE CHECK ALL RATES AND TERMS BEFORE BORROWING.

It is always recommended that, You should ensure to make full, complete and timely payment(s) towards your interest amount on its due date. Delay or default in making payments of your interest amount may have adverse consequences which may include but not limited to loan recall, penalty(ies), legal / recovery proceedings and/or impact on Your creditworthiness.

Repayment of the loan and/or credit granted under the loan facility is governed by the terms of the Loan Documents or as notified by the Lender/s from time to time. We and our Lending Partner/s may make various modes and mediums available for repayment. You authorise us to send SMS, push notification or show alerts through the INDmoney Platform to show the details of the pending amount to be paid by you to the Lender, and/or to nudge you to make the payment to the Lender directly, as the case maybe. Any such amount shall be displayed by us basis the information received from the Lenders. You agree and understand that it is your obligation to make the repayment under the loan facility to the Lender on the due date, as indicated by the Lender. In the event the payment is not made by the due date as specified, it will be construed as a default, and in such case of non- payment of your instalments on the due date, You shall be liable to pay the instalment together with any such charges that the Lender may charge such as penal interest, additional fees or penalty as per the Loan Documents. The User understands and undertakes that User cannot change and shall not close this bank account till any amount is outstanding under the loan facility provided by the Lender. You agree and understand that in case of default in paying your interest amount or principal amount, or breach of any terms and condition of the Loan Documents, the Lender may, at its sole discretion, initiate appropriate legal/recovery proceedings, have Your details reported to the credit bureaus, or take any other action against you as per applicable law and/or as per the Loan Documents. You understand and agree that Finzoomers shall not be liable for any such action initiated by the Lender (including reporting of your default of credit bureau) and You hereby discharge Finzoomers of all liabilities or claims or acts or actions in complete and absolute manner.

You hereby understand and agree that, as a prerequisite to avail loan facility You shall be required to consent and authorize the Lender to create and hold the mandate for auto debiting Your designated bank account (such as NACH / eNACH / ECS mandate) towards repayment of loan facility.

It is your responsibility to ensure that You have net banking and/or debit card access for the bank account specified when creating the bank mandate. Please note that while most major banks are part of the e-Mandate, cooperative banks are currently not included. If You wish to change Your bank account for payment of Your instalment/s, please contact our customer support team by submitting a ticket requesting the bank account change.

You understand that Finzoomers shall merely be facilitating in creation of such auto-debit mandates and does not hold the mandate in its own name or favor. For abundant clarity, it is stated that, all repayment(s) is executed by You directly in the Lender’s account, without any reference to Finzoomers.

Upon completion of the entire loan application process, including but not limited to the KYC procedure, credit analysis, acceptance of loan documents, setting up of eNACH or any other repayment method, and payment of fees/charges, the Lender shall disburse the loan amount directly into the Your bank account.

You understand that the loan disbursal window is from 7:00 AM to 5:45 PM, except on bank holidays. Withdrawal requests submitted outside these hours will be accepted but processed on the next business day.

Finzoomers will endeavour to have your query resolved by the Lender. Such resolution of query performed by Finzoomers is on “No liability basis” and You understand that the final resolution has to be offered by the Lender. The resolution offered by the Lender shall be final & binding. You have the right to directly reach out to Lender for resolution of your issues / concerns. Contact details of Lender(s) grievance redressal officers along with customer grievance redressal mechanism is published on our website on an as-is basis. The same may get updated as and when required and you must ensure yourself to be updated at all times about the same.

YOU AGREE AND ACKNOWLEDGE THAT THE DISPLAY OF LOAN FACILITY, OFFERED BY LENDER’S, ON THE INDMONEY PLATFORM DOES NOT IN ANY WAY IMPLY, SUGGEST, OR CONSTITUTE ANY PARTNERSHIP, ASSOCIATION, RECOMMENDATION, OPINION, OR ADVICE BY FINZOOMERS (INCLUDING ANY OF ITS GROUP, SUBSIDIARY, ASSOCIATE AND/OR AFFILIATE ENTITIES) AGAINST SUCH LOAN FACILITIES. YOU AGREE THAT FINZOOMERS IS IN NO WAY RESPONSIBLE FOR THE ACCURACY, TIMELINESS OR COMPLETENESS OF INFORMATION IT MAY OBTAIN FROM THIRD PARTIES. YOUR INTERACTION AND ANY SHARING OF YOUR DATA / INFORMATION (INCLUDING YOUR PERSONAL INFORMATION, PAN INFORMATION) WITH ANY THIRD PARTY ACCESSED THROUGH THE PLATFORM IS AT YOUR OWN RISK & DISCRETION. FINZOOMERS SHALL HAVE NO LIABILITY WITH RESPECT TO ANY ACTS, OMISSIONS, ERRORS, REPRESENTATIONS, WARRANTIES, BREACHES OR NEGLIGENCE OF ANY SUCH THIRD PARTIES, INCLUDING BUT NOT LIMITED TO THE LENDER, OR FOR ANY PERSONAL INJURIES, DEATH, PROPERTY DAMAGE, OR OTHER DAMAGES OR EXPENSES RESULTING FROM YOUR INTERACTIONS WITH ANY PARTIES. THE INDMONEY PLATFORM AND SERVICES ARE MADE AVAILABLE ON ‘AS IS’, ‘AS AVAILABLE’ BASIS, FINZOOMERS MAKE NO REPRESENTATION OR WARRANTY WITH REGARD TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSEOR USE AS TO INDMONEY PLATFORM, INCLUDING THE INFORMATION, DATA, SOFTWARE OR PRODUCTS CONTAINED THEREIN OR THE RESULTS OBTAINED BY THEIR USE OR AS TO THE PERFORMANCE THEREOF. YOU AGREE THAT FINZOOMERS SHALL NOT BE HELD RESPONSIBLE FOR DELAYS IN TRANSMISSION OF ORDERS DUE TO BREAKDOWN OF THE SYSTEM OR FAILURE OF COMMUNICATION FACILITIES EITHER DUE TO THE FAULT OF THE SYSTEMS OF FINZOOMERS OR OF THE LENDERS OR RTA’S OR OTHERWISE OR FOR ANY OTHER DELAY BEYOND THE REASONABLE CONTROL OF FINZOOMERS.

FINZOOMERS HOLDS NO RESPONSIBILITY FOR ANY CONTRACTUAL OR OTHER LIABILITIES THAT MAY ARISE BETWEEN YOU AND THE YOU AND THE LENDER. FINZOOMERS DOES NOT GUARANTEE OR PROVIDE ANY ASSURANCE, EXPLICIT OR IMPLIED, REGARDING THE FAIRNESS, ACCURACY, SUFFICIENCY, SUITABILITY, OR APPROPRIATENESS OF ANY PRODUCTS OR SERVICES YOU MAY CHOOSE TO AVAIL OR PURCHASE FROM THE LENDER. ANY POTENTIAL TRANSACTIONS RELATED TO THE AVAILING OF THE LOAN FROM THE LENDER MUST BE CONDUCTED BY YOU BASED ON YOUR INDEPENDENT RESEARCH AND INQUIRY. NEITHER FINZOOMERS NOR ANY OF ITS AFFILIATES OR GROUP COMPANIES SHALL BEAR ANY LIABILITY WHATSOEVER FOR: (A) THE USE OF INFORMATION PROVIDED HEREIN, (B) ANY OPPORTUNITY LOSS OR NAV LOSS AND/OR (C) ANY LOSS, CLAIM, OR SHORTFALL RESULTING FROM PRODUCTS AND/OR SERVICES OBTAINED BY YOU.

You hereby represents, warrants and covenants that (a) You are citizen and resident of India; (b) You are competent to enter into contract, having sound mind and that You are entering into this contract on Your own wilful accord; (c) to best of Your knowledge, you have no pending litigation against Yourself or You are not party of any litigation that may adversely affect Your capability to enter into contract or otherwise may prohibit You in future to enter into a contract. You hereby undertake, warrants and covenant that, You shall keep all your information updated, true, correct and accurate. You shall keep Your Lender updated of any change in your personal information (including your phone number, communication address, permanent address etc.)

You acknowledge that the Lender has the right to contact the references you have provided for verification purposes or if you or any of your references are unreachable for any reason. You confirm that your references have given their consent to be contacted.

You agree that if Finzoomers has reasonable grounds to suspect that the information provided by You on the Platform is untrue, inaccurate, not updated or incomplete, Finzoomers has the right to suspend or terminate Your account and refuse any and all current or future use of the Platform (or any portion thereof) or Platform Services in connection thereto.

No failure on the part of Finzoomers / Lender to exercise, and no delay on part of Finzoomers / Lender in exercising any right or remedy under this Agreement will operate as a waiver thereof, nor will any single or partial exercise of any right.

You agree to indemnify, defend and hold harmless Finzoomers, its holding company, and their affiliates, subsidiary, their respective officers, directors, employees, agents, licensors, and any third party providers including (credit bureau, Lender) (‘Indemnified Parties’) from and against from any and all manner of liabilities, claims, demands, losses, compensation, interest, damages, costs and expenses (including court cost and reasonable attorneys' fees), resulting from or arising out of Your decision to use the Services or your violation these T&Cs or any other terms and conditions applicable to Service (including loan agreement, sanction letter, KFS, etc.) or your violation of the intellectual property rights of Indemnified Parties.

These T&Cs shall be governed, interpreted, and construed in accordance with the laws of India, without regard to the conflict of law provisions and for resolution of any dispute arising out of your use of the Services or in relation to these T&Cs. Notwithstanding the foregoing, you agree that (i) Finzoomers has the right to bring any proceedings before any court/forum of competent jurisdiction and you irrevocably submit to the jurisdiction of such courts or forum; and (ii) any proceeding brought by you shall be exclusively before the courts in New Delhi, India.

You agree that we may transfer, subcontract or otherwise deal with our rights and/or obligations under these terms at any time without any further notice. You agree that you cannot assign or otherwise transfer, subcontract the terms or any rights granted hereunder to any third party,

Please review Privacy Policy and Terms & Conditions of the Platform. Finzoomers collects, uses and discloses information about You as provided in Privacy Policy.

You agree that you are legally permitted and have the power and authority to execute the Loan Documents (by way of clicking the confirm and accept via OTP) and take a loan.

You understand that the digital trail of the entire process of applying for the digital loan has been duly approved and authenticated by you through One Time Password (OTP) method and the digital trail shall be maintained by Lender / Finzoomers, which shall be the sole and binding evidence on the application, utilization and your obligation to re-pay all outstanding amount/s as per the Loan Agreement.

You hereby waive any and all defenses, you may have to the enforceability of any loan resulting from Loan agreement, that are based on the allegation that the Loan agreement, any privacy consents, or any disclosures were supplied to You, were delivered in electronic form only, or on the allegation that Your signature / consent to the Loan agreement was obtained electronically.

You shall not bring or present or make any demand(s) or claim(s), or action(s) or suit(s) or litigation(s) or proceeding(s) (including any injunctive relief) and You hereby irrevocably, unconditionally, completely and entirely release, waive and forever discharge Finzoomers, its holding company, and their affiliates, subsidiary, their respective officers, directors, employees, agents, licensors (‘Released Parties’), from any and all manner of liabilities, claims, demands, losses, compensation, interest, damages, costs and expenses (including court costs and reasonable attorney fees) whatsoever, in law or equity, whether now known or in future, which You may have against the Released Parties with respect to Your loan application and / or Your Loan Agreement and/or any action(s) initiated against You by Lender towards recovery of Loan and/or due to reporting of Your default to credit bureau and/or Your claim(s) towards deficiency of services towards Your loan facility.

Upon the termination or expiry of the loan, it is Your responsibility to adhere to the Lender's specified process for releasing the loan security i.e Mutual Fund in Your favour once You clear your dues. Finzoomers will not be held accountable if the loan security is not returned or sold by the Lender, and we will not mediate any disputes between You and the Lender, nor enforce or execute the performance of any Loan Documents.We may receive fees or commissions from the Lender for providing services to them or for making the INDmoney Platform available to the Lender. Additionally, we may charge fees or commissions to You for Services rendered, whether acting as a facilitator for You or executing Your instructions.

We will endeavour to provide the Services on a best effort basis, and do not guarantee, represent or undertake that the Services will be available all times, to all Users or will be free of any errors or defects. We will not be liable for any interruptions in the provision of Services. Access to the INDmoney Platform for the loan facility may occasionally be suspended or restricted to allow for repairs, maintenance, or the introduction of new facilities or Services, without prior notice.

Please note that the information contained herein is subject to change without notice.