Last updated on: May, 2022
Please read these terms and conditions carefully before using Our Service.
[BN Dhan] ( “our APP”), a mobile personal financial service platform application, is granted by various Non-Banking Financial Companies registered with RBI(Reserve Bank of India) (“Product Provider”), based on the loan agreement executed between you and Product Providers. This Terms & Conditions (“this Terms”) shall govern your use of our APP，websites and the related services (the “Service”). Your use of the Service is also governed by our Privacy Policy and other relevant policies. Please thoroughly and carefully read this Terms and the Privacy Policy before use or access the Service, especially the content about the restrictions on your rights, dispute resolution, exemption form or limitations on our liability, and those in bold font and/or BLOCK CAPITAL.
PLEASE NOTE, IF YOU CONTINUE USING OR ACCESSING THE SERVICE, YOU WILL BE DEEMED THAT YOU HAVE FULLY UNDERSTOOD AND ACCEPTED, AND IS WILLING TO COMPLY WITH ALL THE FOLLOWING CLAUSES, AND THIS TERMS SHALL BECOME EFFECTIVE BETWEEN YOU AND US. IF YOU DISAGREE WITH THIS TERMS IN WHOLE OR IN PART, YOU SHALL IMMEDIATELY STOP USING THE SERVICE.
PLEASE NOTE, THE SERVICE UNDER THIS TERMS IS NOT AVAILABLE FOR USE BY INDIVIDUAL UNDER THE AGE OF 18.
We reserve the right to modify or change this Terms, the Privacy Policy and other relevant policies from time to time by posting the revised terms on our website, application and other platforms. If you disagree with the revised terms in whole or in part, you have the right to stop the Service agreed herein; if you continue using the Service, you will be deemed have fully read, understood and accepted the revised Terms.
SPECIAL TIPS
PLEASE NOTE THAT once your loan application on our APP has been approved, you will be unable to withdrawl such application, which means any loan successfully applied and aproved will not be able to be cancelled by the applicant. If you have any question with this term, please contact us through our APP or the contact details set out in Clause 9 of this Terms.
1.GENERAL
1.1 Our App provides an online platform bringing together consumers, financial institutions, data partners and other related partners willing to abide by the Terms & Conditions herein (“Platform”). PLEASE NOTE THAT we are not an organization registered with the Reserve Bank of India and we do not hold any license to engage in any activities related to lending or borrowing. Also, 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, neither a deposit-taking company or a chit fund or a company offering any investment schemes as per the rules and regulations for the time being in force in India. Therefore, we merely facilitates a transaction between you and qualified service provider.
1.2 Our App is a platform facilitating the loan transactions between the borrowers and the Product Providers. All loan applications are approved and sanctioned by the Product Providers and communicated upfront during service application.. PLEASE NOTE THAT the Product Providers shall determine whether to process the transaction at its own discretion.
1.3 If you wish to avail any financial services displayed on the Platform, you will be required to provide certain information and our representatives may contact you through phone or email to understand your requirements.
1.4 We provides various services, including but not limited to:
1)facilitating the transaction between the users and Product Providers on the Platform;
2)assisting you to obtain their credit report through authorized agents partnered with us;
3)assisting you in verifying their credit capabilities;
4)forming a social score based on your Facebook, Twitter, Linkedin or any other social media accounts (as you choose) that are linked with your account on the Platform.
2. USER ACCOUNT
2.1 To use our APP, you are required to register and maintain an account either links to your social media account (such as Facebook) or your email address, phone number.
2.2 You shall not share your Account or login information to any third party, and you shall maintain the security and secrecy of your login information at all times. If you become aware of any theft or unauthorized use of your Account, you shall modify your login information and contact us immediately to avoid any further losses. PLEASE NOTE that you shall bear any responsibilities and liabilities arising out of activities under your account.
2.3 You may be required to provide the minimum information needed to realize the basic functions of the Service, such as operating system, unique device identifier, login IP address, software version, connection method and type of network, device accelerator (such as gravity sensing device), operation log and album access permissions. For more details about how we collect and use your personal information, please refer to the Privacy Policy. If you fail to maintain accurate, complete, and up-to-date information, you may unable to use partial services.
2.4 If you sign this Terms on behalf of enterprise, you shall guarantee that you have obtained full authorization from the enterprise and have the right to act on behalf of the enterprise, and your actions are binding on the enterprise you represent.
2.5 Your use of the Service is governed by this Terms and Privacy Policy and other relevant policies. PLEASE NOTE that violation of any of the rules above, may result in suspension and/or termination of the licenses under this Terms.
3. Use of Service
3.1 We grant you a worldwide, non-exclusive and non-transferable right to use the Service in compliance with this Terms. You SHALL NOT use, copy, republish, download, modify, distribute, license, sublicense, decompile, disassemble, create a derivative work based on, or reverse engineer the application or other products, services, or processes accessible through our website or games except as otherwise expressly stated in this Terms.
3.2 We reserve all rights, including but not limited to all intellectual property rights and other proprietary rights to and relating to our games. You SHALL NOT copy, redistribute, publish, create any derivative work from, or otherwise exploit any content of our games without our prior written consent.
3.3 We’re constantly developing new technologies and features to improve the Service. If we make material changes that negatively impact your use of the Service or if we stop offering a service, we’ll provide you with reasonable advance notice, but we WILL NOT compensate you for any losses arising out of such changes or termination.
3.4 If you think someone is infringing your intellectual property rights, you can send us notice of the infringement and we’ll take appropriate action. For example, we may suspend or close services of repeat copyright infringers.
4. OUR OWNERSHIP AND INTELLECTUAL PROPERTY RIGHTS
4.1 All rights, titles and interests in and to the Service (including without limitation any logos, application names, layouts, audio-visual effects and other materials) are owned by or legally licensed to us. We and the corresponding right holders reserve all rights, including without limitation, all intellectual property rights or other proprietary rights, in connection with the Service. You understand and agree that you are only permitted to use the same content to the extent necessary to be user of our APP.
4.2 You hereby acknowledge and agree that any contents associate with your use of the Service, including but not limited to any comments and/or feedback you provide to us, shall be owned by us. We reserves the right to use such contents for any purpose, including but not limited to develop our APP and other products, and we have no obligation to compensate or otherwise pay you for such uses.
4.3 Provided that you are deemed to have retained any right to any contents associate with your use of the Service, you hereby grant us the sole, exclusive, irrevocable, sublicensable, transferable, worldwide, royalty-free license to copy, reproduce, modify, adapt, create derivative works from, manufacture, commercialize, publish, distribute, sell, license, sublicense, transfer, lease, transmit, publicly display, publicly perform, or provide access to electronically, broadcast, communicate to the public by telecommunication, display, perform, enter into computer memory, and use and practice, in any form, your contents as well as all modified and derivative works thereof in connection with our provision of the Service, including without limitation developing and marketing of our APP and other products.
4.4 You hereby grant us the right to authorize others to exercise any of the rights granted to us under this Terms.
5. USER RESTRICTIONS
The following restrictions apply to your use of the Service. You are not allowed to:
1)allow other persons to use your Account, and you agree that you are the sole authorized user of your Account;
2)impersonate any person or entity;
3)copy, modify, create derivatives of, decompile, or reverse engineer the Service or take any action to interfere with our APP’s intellectual property rights and any other legal interests;
4)upload viruses or malicious code or do anything that could disable, overburden, or impair the proper working or appearance of our APP;
5)use the Service for any illegal purpose, such as discriminate against or harass anyone on the basis of race, national origin, religion, gender, gender identity, physical or mental disability, medical condition, marital status, age or sexual orientation by posting comments;
6)use the Service in any way that may infringe any third party’s intellectual property rights, including without limitation copyrights, patents, trademarks and trade secrets;
7)post feedback on Google Play, App Store or any social media platform in a manner which is false or misleading;
8)use the Service in any way that may violate applicable laws, regulations or policies of relevant jurisdictions.
PLEASE NOTE that we may reject, refuse to post or delete your comments or any other content if we believe that your content violates this term at our sole discretion. Restrictions under this term shall survive upon termination of this Terms.
6. ACKNOWLEDGEMENT
You understand and agree that:
1)we are not engaged in either grant of loan or borrowing any money or assistance for any kind of loan products from any Product Providers using our APP;
2)the transaction of any financial product through our APP is entirely based on the negotiations between you and corresponding Product Providers, neither us nor our affiliates, contractors, employees, officers, directors, agents have any liabilities with regard to any loan products assistance procured by or to a registered user;
3)we shall not be liable for any claim or damage arising out of the transaction of the products；
4)we shall not be liable for verifying the truth and/or accurance of any information provided by users;
5)Product Providers shall access any risks may arising out of the transaction through our APP, and we shall not be liable for any losses or damages arising out of such transaction, including but not limited to a user fails to repay the loan or misrepresents its financial status or commits a fraud or cheating or any other such illegal act.
7. MISCELLANEOUS
7.1 The Service we provide under this Terms may contain third-party websites or website links, and you shall decide whether to access these links. We are not responsible for the accuracy, completeness, adequacy and reliability of any information, data, opinions, pictures, statements or suggestions made available on these websites. If you decide to visit any third-party website linked to our APP or website, you shall be solely responsible for the possible results and risks therefrom.
7.2 If any provision of this Terms is held to be illegal, invalid or unenforceable under applicable law, such provision thereof shall to that extent be deemed not to form part of this Terms, and shall not affect the legality, validity and enforceability of other provisions.
7.3 You understand and agree that we may assign or transfer this Terms in whole or in part to either a subsidiary or affiliate of us, or a successor by merger or acquisition.
8. GOVERNING LAW AND JURISDICTION
Except to the extent that: (i) any applicable additional terms incorporated into these Terms provide differently, or (ii) the applicable laws and regulations of your jurisdiction mandate otherwise (for instance, you may have statutory rights in your jurisdiction in relation to bringing or defending claims in a local court (including small claims court (or similar court)), these Terms and any dispute or claim arising out of or in connection with these Terms will be governed by the laws of Republic of India, with exclusive jurisdiction conferred on the courts at New Delhi.
9. CONTACT DETAILS
If you have any questions about this Terms or the Service we provide hereunder, please contact us in the following ways:cs@bndhan.in
DISCLAIMER.
THE SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE.” WE DISCLAIM ALL REPRESENTATIONS AND WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, NOT EXPRESSLY SET OUT IN THESE TERMS, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. IN ADDITION, WE MAKE NO REPRESENTATION, WARRANTY, OR GUARANTEE REGARDING THE RELIABILITY, TIMELINESS, QUALITY, SUITABILITY OR AVAILABILITY OF THE SERVICES OR ANY SERVICES OR GOODS REQUESTED THROUGH THE USE OF THE SERVICES, OR THAT THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE. WE DO NOT GUARANTEE THE QUALITY, SUITABILITY, SAFETY OR ABILITY OF THIRD PARTY PROVIDERS. YOU AGREE THAT THE ENTIRE RISK ARISING OUT OF YOUR USE OF THE SERVICES IN CONNECTION THEREWITH, REMAINS SOLELY WITH YOU, TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW.
LIMITATION OF LIABILITY.
WE SHALL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, LOST DATA, PERSONAL INJURY OR PROPERTY DAMAGE RELATED TO, IN CONNECTION WITH, OR OTHERWISE RESULTING FROM ANY USE OF THE SERVICES, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. WE SHALL NOT BE LIABLE FOR ANY DAMAGES, LIABILITY OR LOSSES ARISING OUT OF: (i) YOUR USE OF OR RELIANCE ON THE SERVICES OR YOUR INABILITY TO ACCESS OR USE THE SERVICES; OR (ii) ANY TRANSACTION OR RELATIONSHIP BETWEEN YOU AND ANY THIRD PARTY PROVIDER, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. WE SHALL NOT BE LIABLE FOR DELAY OR FAILURE IN PERFORMANCE RESULTING FROM CAUSES BEYOND OUR REASONABLE CONTROL. IN NO EVENT SHALL OUR TOTAL LIABILITY TO YOU IN CONNECTION WITH THE SERVICES FOR ALL DAMAGES, LOSSES AND CAUSES OF ACTION EXCEED THE SERVICE FEE WE HAVE CHARGED FROM YOU FOR THE CORRESPONSING SERVICE.
THE LIMITATIONS AND DISCLAIMER IN THIS SECTION DO NOT PURPORT TO LIMIT LIABILITY OR ALTER YOUR RIGHTS AS A CONSUMER THAT CANNOT BE EXCLUDED UNDER APPLICABLE LAW.
INDEMNITY
YOU UNDERTAKE TO INDEMNIFY US AND OUR OFFICERS, DIRECTORS, EMPLOYEES, CHAUFFEURS ON DEMAND AGAINST ALL CLAIMS, ACTIONS, CHARGES, COSTS, EXPENSES, DEMANDS, DAMAGES, LIABILITIES, PROCEEDINGS OR JUDGMENTS WHICH ARISING OUT OF OR IN CONNECTION WITH YOUR BREACH OR VIOLATION OF THIS TERMS, OR YOUR INFRINGEMENT OF ANY THIRD PARTY’S RIGHTS.
