1. By clicking yes/next, you understand and agree to be bound by these terms and conditions as set below and updated time to time.
2. I/We confirm that we have carefully read and fully understood all the terms of use of availing financing from the respective lending partners.
3. I/We understand that sanction of the loan(s) is at the sole discretion of lending partner and is subject to my/our execution of necessary documents, providing any security(ies) and other closing formalities to the satisfaction of the lending partner. I/We agree that the lending partner at its sole discretion may reject my application without providing any reasons, and that I/We reserve no right to appeal against this decision.
4. I/We declare that I am/we are citizens of/resident in India and I/we declare, warrant and represent that all the particulars and information and details given / filled in this application form and documents given by me/us to are true, correct and accurate and I/we have not withheld / suppressed any material information.
5. I/We confirm that there are no insolvency proceedings against me/us nor have I/we ever been adjudicated insolvent. I/We also undertake to inform lending partner of changes in my/our occupation/employment and to provide any further information that it may require.
6. As a pre-condition, relating to grant of the loans/advances/credit facilities by lending partner to me/us, I/We agree and give consent for the disclosure by IFPL or lending partner of: I. information and data relating to me/us and our directors and group companies; II. The information or data relating to any credit facility availed of/to be availed, by me/us; and III. Default, if any, committed by me/us, in discharge of any our obligations, to all or any third parties as may be deemed necessary at the sole discretion of lending partner.
7. IFPL or Lending partner may, as it reasonably deems appropriate and necessary, disclose and furnish information as set forth above to CIBIL and/or any other agency authorized in this behalf by the RBI. The Borrower hereby agrees that IFPL or lending partner shall be entitled to exchange information regarding our accounts with other financial institutions or banks, as and when required in accordance with Applicable Law and regulations.
8. I/We undertake and acknowledge that: I. For the purpose of assessing our credit worthiness, IFPL or lending partner is authorized to pull from CIBIL and/or any other agency authorized by RBI, data of the applicant(s), directors, group companies, and any other individuals who are involved in the said business, on behalf of which this loan application is made; II. CIBIL and any other agency so authorized may use, process the said information and data disclosed by IFPL or lending partner in the manner as deemed fit by them; and III. CIBIL, and any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the RBI in this behalf.
9. I/We further authorize IFPL or lending partner to keep me/us informed (vide telephone, SMS, mail, E-mail etc.) of all promotional schemes and/or activities.
10. That I confirm and agree that at the time of signing this document, I have taken the copy of all the charges/fees/Rate of Interest and other relevant information. I hereby give my consent and sign below for processing of the files.
11. You agree to indemnify IFPL or its lending partners, employees, agents officers, representatives from and against all claims, suits, proceedings, liabilities, damages arising out of misrepresentation, omission on your part.