GENERAL TERMS & CONDITIONS

  1. These general terms and conditions (“Terms”) of Navmaya Tech Services Private Limited incorporated in India under the provisions of the Companies Act, 2013, bearing company identification number U62090KA2016PTC097231 and having its registered office at Raheja Arcade, No. 331-336, Koramangala, Bangalore-560095 (“Navmaya”, “we”, or “us” or “our”, including holding, subsidiary, associate companies and affiliates of Navmaya Tech Services Private Limited), govern your usage of our Digital Lending Platform (“Platform”) including all future releases of the Platform. For the purposes of these Terms, the term “user(s)” and wherever the context so requires “you”, “your”, “yourself” shall mean any natural or legal person who accesses or uses the Platform (defined below) and in the event that a natural person is representing a business entity or a body corporate, reference to such terms shall include a reference to such business entity and/or body corporate as well and other directors/promoters/partners/sole proprietors of such business entity and/or body corporate. All references to “you” shall include yourself and any other persons you are authorised to and required to provide consent for.
  2. These Terms shall constitute a binding contract between Navmaya and the User when the user visits the Platform. These Terms must be read in conjunction with our Privacy Policy.
  1. USER ACKNOWLEDGEMENT AND CONSENT
    User acknowledges that by accessing the Platform or availing the Loan Facilitation Services (as defined below), User expressly consents and confirms to be bound by these Terms. In the event you do not agree to be bound by these Terms, we encourage you to stop accessing our Platform and Loan Facilitation Services immediately.
  2. ELIGIBILITY
    1. You represent and warrant that you (a) have full legal capacity and authority to agree and be bound to these Terms, (b) are 18 (eighteen) years of age or older, (c) are an Indian resident, and (d) you have all requisite right, power and authority in full force to enter into these Terms.
    2. The Loan Facilitation Services are provided solely in accordance with Indian Laws. We do not represent that our Loan Facilitation Services or the content available on or through our Platform is appropriate for use or is available for users in other jurisdictions.
  3. CHANGES TO THE TERMS AND THE PLATFORM
    1. We may amend these Terms from time to time and may update and change our Platform from time to time to reflect changes to our Users’ needs and our business priorities.
    2. We will make a reasonable effort through prominent means on the portal, to inform You of such changes. The updated version of these Terms shall supersede any previous version of these Terms and such updated version shall be immediately effective upon being posted on the Platform. If you do not agree with the changes made to the Terms or the Platform, you must not proceed to use the Platform or avail our Loan Facilitation Services.
  4. SUSPENSION OR WITHDRAWAL OF OUR PLATFORM AND SERVICES
    1. We do not guarantee that our Platform, or any content on it, or our Loan Facilitation Services will always be available or be uninterrupted. We may suspend or withdraw or restrict the availability of all or any part of our Platform or Loan Facilitation Services for business, legal and operational reasons. We will try to give you reasonable notice of any such suspension or withdrawal. We shall not be liable for any such suspension or discontinuation of the Loan Facilitation Services or the Platform.
  5. SERVICES
    1. The Platform enables you to obtain loans and other credit facilities (“Credit Facilities”) by facilitating your connection to banks, non-banking financial companies or “NBFCs”, other approved lending institutions and third parties authorised by such lending institutions and NBFCs (collectively, “Lenders”), based on our preliminary evaluation of your creditworthiness, undertaken in accordance with the Lenders’ instructions to us.
    2. Access to Credit Facilities is subject to various criteria determined by the Lenders in their sole discretion, including but not limited to the credit policies of the Lenders, your credit bureau report, successful completion of the KYC process prescribed by the relevant Lenders, among other things.
    3. Based on the consent provided by you, the Platform tracks, organises, and analyses your information in accordance with the Privacy Policy, to present to you various Credit Facilities offered by the Lenders (“Transaction Information”). The Transaction Information may include without limitation your personal data, KYC Documents, Additional Information, your GST-related data through public GST Suvidha Providers, the PAN linked to your GSTIN, other GSTINs linked to your PAN, or any other information as described in our Privacy Policy. We may share the Transaction Information with the Lenders in connection with your use of our Loan Facilitation Services and Platform, to which you hereby consent.
    4. You hereby consent to Navmaya and the Lenders using your Transaction Information to identify and facilitate provision of Credit Facilities to you through the Lenders, that may be appropriate for you, for which the Lenders charge you a facilitation fee.
    5. The services described in this Section 5 collectively constitute (the “Loan Facilitation Services”). Please note that we may from time to time modify existing features, or services, or otherwise introduce new features or services on or through the Platform. The term ‘Loan Facilitation Services’ shall include any modification to existing, as well as any new features, products, or services.
    6. In the event that you deactivate your account on the Platform at any point prior to the full repayment of your Credit Facility, such an act will not extinguish your responsibilities under the agreement you have with the Lender, and you shall continue to be liable to pay all loan amounts due as per the terms of the Credit Facility availed.
    7. We may, on behalf of Lenders, try to contact you from time to time. Such calls will be made within reasonable hours as per the instructions of the Lenders. This may be in situations in connection with Credit Facilities or for fraud detection processes. All our practices and processes in this regard remain in compliance with applicable laws, best industry practices, the instructions of the Lender and our Privacy Policy.
  6. PROFILE CREATION
    1. To access certain features of the Platform, you are required to create a profile (“Profile”) on the Platform. To create a Profile, you must provide us with your email address and phone number, which we will use to authenticate your identity by generating a one-time-password in accordance with these Terms and our Privacy Policy.
    2. To use the Platform and avail Loan Facilitation Services, and subject to our Privacy Policy, you are (where feasible), required to allow us access information that we may require to provide you with our Loan Facilitation Services. You have the right to revoke permissions on access to your data at any time, however, it will impair your access to our Platform and the Loan Facilitation Services.
    3. You agree to receive communications from us regarding: (i) information relating to transactions undertaken on/through the Platform; (ii) information about us and the Loan Facilitation Services, and Platform including any modifications thereto; (iii) promotional offers and services from us; and (iv) any other matter in relation to the Loan Facilitation Services.
  7. KYC
    1. You may be required to undertake certain know-your-customer (“KYC”) processes with our lenders in order to avail the Credit Facilities and avail our Loan Facilitation Services. In this regard, we may, under the instructions of our Lenders and on their behalf, require you to upload documents and information that may be necessary for the Lender to ascertain your eligibility to avail the Credit Facility (“KYC Documents”). You hereby consent to us or our Lenders retrieving and processing your information from the Central KYC Registry.
    2. Any processing that we undertake shall be in accordance with our Privacy Policy. Further, in the event any additional information, data, or documentation is required by the Lender to determine your eligibility for the Credit Facility (collectively, “Additional Information”), you agree to share such Additional Information promptly upon request, and further authorise us to process such Additional Information in connection with the Loan Facilitation Services and your use of the Platform.
    3. We collect and process your information in accordance with our Privacy Policy (either for ourselves in connection with the Loan Facilitation Services or on behalf of our Lenders) to enable you to set up your Profile, enable completion of KYC processes by our Lenders or to provide such information to our Lenders as may be necessary to avail the Credit Facility. You agree and warrant to provide true, complete, and up-to-date KYC Documents and Additional Information. If the information provided by you, in our sole discretion, is unreliable or appears to be fraudulent or deficient, then you shall not be eligible to access and use the Platform or avail our Loan Facilitation Services. If we discover any deficiency in the information provided by you, we may terminate the Profile you hold with us or enable the Lender to cancel the Credit Facility sanctioned to you. This will not extinguish your responsibilities under the agreement you have with the Lender, and you shall continue to be liable to pay all loan amounts due as per the terms of the Credit Facility availed
  8. THIRD PARTY SERVICES
    1. The Loan Facilitation Services may include services, content, documents, and information owned by, licensed to, or otherwise made available by a third party including, but not limited to the Lenders (“Third-Party Services”) or contain links to Third-Party Services. You understand and acknowledge that Third-Party Services are the responsibility of the third party that created or provided it and acknowledge that use of such Third-Party Services is solely at your own risk.
    2. We make no representations and exclude all warranties and liabilities, express or implied or arising in law, arising out of or pertaining to such Third-Party Services, including their accuracy or completeness. Should you avail a Third Party Service, you shall be governed and bound by the terms and conditions and privacy policy of the third parties providing the Third-Party Services. Further, all intellectual property rights in and to Third-Party Services are the property of the respective third parties.
  9. YOUR RESPONSIBILITIES
    1. You represent and warrant that all information that you provide on the Platform or in relation to the Loan Facilitation Services or through the Profile or any Additional Information you provide is complete, true, and correct on the date of agreeing to these Terms and shall continue to be complete, true, and correct while you avail the Loan Facilitation Services, the Credit Facilities, access the Platform or otherwise have a Profile on the Platform. Should any information that you provide change during the existence of these Terms, you undertake to immediately bring such change to our notice. We do not accept any responsibility or liability for any loss or damage that you may suffer or incur if any information, documentation, material, or data provided to avail the Loan Facilitation Services is incorrect, incomplete, inaccurate, or misleading, or if you fail to disclose any material fact or notify us of any change to the same.
    2. You shall extend all cooperation to us, in our defence of any proceedings that may be initiated against us due to breach of your obligations or covenants under these Terms, including in any proceedings by a regulator or the Lender.
    3. You shall not use the Loan Facilitation Services in any manner except as expressly permitted in these Terms. Without limiting the generality of the preceding sentence, you may not:
      1. infringe any proprietary rights, including but not limited to copyrights, patents, trademarks, or trade secrets, of any party;
      2. except as may be provided hereunder, copy, display, distribute, modify, publish, reproduce, store, transmit, post, translate, create any derivative works from, or license the Loan Facilitation Services;
      3. use the Loan Facilitation Services to transmit any data or send or upload any material that contains viruses, trojan horses, worms, timebombs, keystroke loggers, spyware, adware, or any other harmful programmes or similar computer code designed to adversely affect the operation of any computer software or hardware;
      4. use any robot, spider, other automated device, or manual process to monitor or copy the Platform or Loan Facilitation Services or any portion thereof;
      5. engage in the systematic retrieval of content from the Platform to create or compile, directly or indirectly, a collection, compilation, database or directory;
      6. use the Loan Facilitation Services in any unlawful manner, for fraudulent or malicious activities, or in any manner inconsistent with these Terms; or
      7. violate applicable laws in any manner.
  10. OUR INTELLECTUAL PROPERTY
    1. All rights, title, and interest in and to the Platform and Loan Facilitation Services, including all intellectual property rights arising out of the Platform and Loan Facilitation Services, are owned by or otherwise licensed to us. Subject to compliance with these Terms, we grant you a non-exclusive, non- transferable, non-sub licensable, royalty-free, revocable, and limited licence to use the Platform in accordance with these Terms and instructions issued by us from time to time.
    2. We may request you to submit suggestions and other feedback, including bug reports, relating to the Loan Facilitation Services and Platform from time to time (“Feedback”). We may freely use, copy, disclose, publish, display, distribute, and exploit the Feedback we receive from you, without any payment of royalty, acknowledgement, prior consent, or any other form of restriction arising out of your intellectual property rights in such Feedback.
    3. Except as stated in these Terms, nothing in these Terms should be construed as conferring any right in or license to our or any third- party’s intellectual property rights.
  11. REGULATORY CHANGES
    1. You acknowledge and agree that we may have to modify the Loan Facilitation Services to comply with the applicable laws. As a result of this, you may be unable to access or use all or any part of the Loan Facilitation Services and/or Platform. We shall not be liable to you for such inability to use the Loan Facilitation Services and/or Platform pursuant to our compliance with the applicable laws.
  12. TERM AND TERMINATION
    1. These Terms shall remain in effect unless terminated in accordance with the terms hereunder. Notwithstanding anything to the contrary in these Terms, any other terms, or any other communication between you and us, we may terminate your use of the Platform and your access to the Loan Facilitation Services at any time, providing notice to the best of our abilities or without notice, and for or without any reasons, with absolutely no liability to you.
    2. Upon termination: (i) the Loan Facilitation Services and Platform will “time-out”; (ii) you shall not be eligible to avail any features of the Loan Facilitation Services and Platform; and (iii) these Terms shall terminate, except for those clauses that expressly or are intended to survive termination or expiry.
  13. DISCLAIMERS AND WARRANTIES
    1. We are not a financial institution under the Companies Act, 2013 or the Banking Regulation Act, 1949 or any other laws for the time being in force in India. We are not a Lender and do not provide any loans or Credit Facilities. We have contractual relationships with Lenders pursuant to which such Lenders offer Credit Facilities to the users of the Platform. Any Credit Facility made available to you by any Lender shall be governed by the terms and conditions agreed between you and the Lender, and we shall not be a party to the same, nor be liable or responsible for your or the Lender’s actions or omissions under such terms.
    2. We, along with our directors, officers, employees, and agents shall not be responsible in any manner whatsoever for the rejection of your Credit Facility application or other refusal by the Lenders of the Credit Facility with or without reason. We are not obliged to inform you of reasons for such refusal/rejection.
    3. To the fullest extent permissible under the applicable law, Navmaya and any of Navmaya’s Third-Party Services providers, disclaim all warranties, statutory, express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, satisfactory quality, accuracy, title and non-infringement, compatibility, applicability, usability, appropriateness, and any warranty that may arise out of course of performance, course of dealing, or usage of trade. No advice or information, whether oral or written, obtained by you through the Platform or your use of the Loan Facilitation Services will constitute or create any representation or warranty not expressly stated herein.
    4. You acknowledge and agree that the use of the Loan Facilitation Services and your access to the Platform is at your sole risk. The Platform including any data, information, Third-Party Services, reference sites, services, or software made available in conjunction with the Loan Facilitation Services or through the Platform are provided on an “as is” and “as available” basis and without warranties or representations of any kind, either express or implied. We and any of our Third-Party Services providers do not warrant that the data, software, functions, or any other information offered on or through the Platform will be uninterrupted or free of errors, viruses or other harmful components and do not warrant that any of the foregoing will be corrected.
    5. You hereby accept full responsibility for any consequences that may arise from your use of the Loan Facilitation Services and the Platform, and expressly agree and acknowledge that we shall have absolutely no liability with respect to the same.
    6. To the fullest extent permissible by law, we, our affiliates, and our related parties each disclaim all liability to you for any loss or damage arising out of or due to:
      1. your use of, inability to use, or availability or unavailability of the Loan Facilitation Services or Platform, including any Third-Party Services;
      2. the occurrence or existence of any defect, interruption, or delays in the operation or transmission of information to, from, or through the Loan Facilitation Services, communications failure, theft, destruction or unauthorised access to our records, programmes, services, server, or other infrastructure relating to the Loan Facilitation Services or the Platform; or
      3. the failure of the Loan Facilitation Services or Platform to remain operational for any period of time.
  14. LIMITATION OF LIABILITY
    1. In no event shall we, our officers, directors and employees, or our contractors, agents, licensors, partners, or suppliers be liable to you for any direct, special, indirect, incidental, consequential, punitive, reliance, or exemplary damages (including without limitation lost business opportunities, lost revenues, or loss of anticipated profits or any other pecuniary or non-pecuniary loss or damage of any nature whatsoever, including but not limited to abuse or breach of data), even if we or an authorised representative have been advised of the possibility of such damages, arising out of or relating to: (i) these Terms, (ii) the Loan Facilitation Services, (iii) your use or inability to use the Loan Facilitation Services, or (iv) any other interactions with another user in connection with the Loan Facilitation Services. If the foregoing limitation is not enforceable, the maximum liability of Navmaya shall be limited to INR 1000.
  15. INDEMNITY
    1. You shall indemnify, defend or settle at our option, and hold us, our parent companies, subsidiaries, affiliates, and their officers, associates successors, assigns, licensors, employees, directors, agents, and representatives, harmless from and against any claim, demand, lawsuits, judicial proceeding, losses, liabilities, damages and costs (including, without limitation, from all damages, liabilities, settlements, costs and attorneys’ fees) due to or arising out of your access to the Loan Facilitation Services and/ or the Platform, use of the Loan Facilitation Services and/ or the Platform, violation of these Terms or any infringement by any third party who may use your Profile with us.
  16. CONSENT TO USE DATA
    1. You agree that we may, collect and process your information, including personal information, technical data and related information, in accordance with our Privacy Policy and applicable laws.
    2. In addition to any consent you may give pursuant to the Privacy Policy, you hereby consent to: (i) Lenders retrieving your credit score from credit information companies for the purpose of evaluating your eligibility for a Credit Facility; (ii) Lenders sharing your credit score with us in order to recommend appropriate credit products to you on the Platform; (iii) us retrieving your credit score from credit information companies for the purpose of providing you with your credit related data (iv) processing your Transaction Information to provide you with the Loan Facilitation Services; and (v) us sharing the Transaction Information with our affiliates, Lenders, and third-party service providers to offer you the Loan Facilitation Services or for business purposes.
    3. We may use aggregated and anonymised information and data pertaining to your use of the Loan Facilitation Services for analytics, trendsʼ identification, and purposes of statistics to further enhance the effectiveness and efficiency of the Platform in accordance with our Privacy Policy.
  17. JURISDICTION, GOVERNING LAWS, AND DISPUTE RESOLUTION
    1. These Terms shall be governed by and construed and enforced in accordance with the laws of India. Subject to other provisions in this clause, courts in Bengaluru shall have exclusive jurisdiction over all issues arising out of these Terms or the use of the Loan Facilitation Services.
    2. Any controversies, conflicts, disputes, or differences arising out of these Terms shall be resolved by arbitration in Bengaluru in accordance with the Arbitration and Conciliation Act, 1996 for the time being in force, which is deemed to be incorporated by reference in this clause. The tribunal shall consist of 1 (one) arbitrator appointed by us. The language of the arbitration shall be English. The parties to the arbitration shall keep the arbitration confidential and not disclose to any person, other than on a need to know basis or to legal advisors, unless required to do so by law. The decision of the arbitrator shall be final and binding on all the parties hereto. Each party to the arbitration shall bear its own costs with respect to any dispute.
  18. MISCELLANEOUS PROVISIONS
    1. Severability: If any provision of these Terms is determined by any court or other competent authority to be unlawful or unenforceable, the other provisions of these Terms will continue to be in effect. If any unlawful or unenforceable provision would be lawful or enforceable if part of it were deleted, that part will be deemed to be deleted, and the rest of the provision will continue to be in effect (unless that would contradict the clear intention of the clause, in which case the entirety of the relevant provision will be deemed to be deleted).
    2. Assignment: You shall not licence, sell, transfer or assign your rights, obligations, or covenants under these Terms in any manner without our prior written consent. We may grant or withhold this consent in its sole discretion and subject to any conditions it deems appropriate. We may assign its rights to any of its affiliates, subsidiaries, or parent companies, or to any successor in interest of any business associated with the Loan Facilitation Services without any prior notice to you.
    3. Notices: All notices, requests, demands, and determinations for us under these Terms (other than routine operational communications) shall be sent to

      Navmaya Tech Services Private Limited

      Raheja Arcade, No. 331-336, Koramangala,

      Bangalore- 560095.

    4. Third Party Rights: No third party shall have any rights to enforce the Terms contained herein.
    5. Translations: Upon request, we may provide you with translated versions of these Terms solely to assist you with understanding these in greater detail. The English version of these Terms shall be controlling in all respects. In the event of any inconsistency between the English version of these Terms and any translated version, the terms of the English version shall prevail.
  19. Grievance Redressal Mechanism Grievance Redressal Policy is formulated with a purpose to provide the efficient customer service support through a laid down procedure and the same can be accessed via link Grievance Redressal Policy on company’s website. Please refer to same in case of you have any grievance.