Finconvenio Services Private Limited (hereinafter referred to as “Company/ Finequs/ We/ Us/ Our”) is a technology-based brand/ financial institution, providing financial products in the online marketplace vide the portal or mobile application or website (“Platform”) with an objective to assist its customers (hereinafter referred to as “You/Your”, as the context may require) with their financial needs (“Service”). You have agreed to enable Us to access Your credit score and Credit Information Report (CIR) (“CIR”) as provided by our partner Credit Information Companies (“CIC”). The Company intends to regulate the Service by implementing this Terms of Services for CIR (“CIR Terms”) and the same shall be legally binding on You. We, therefore, request You to read the Terms with due care, as set out herein below.
The General Terms Of
Use
https://finequs.com/terms/
and the Privacy Policy
https://finequs.com/Privacy-Policy/
shall be deemed to be a part of these CIR terms.
You also understand and agree that CIR Terms shall
have the same force and effect as a signed/ executed
legally binding contract between You and
Finequs
and that any violation of these CIR Terms may result
in legal liability upon You for such violation. If You
do not agree to be bound by this CIR Terms, We request
You not to avail the Service or any part
thereof.
We
reserve the right at any time, at our sole discretion,
to change or otherwise modify/ amend the CIR Terms.
Your continued access/ use of this Service shall
signify Your assent/ ratification to the updated or
modified CIR Terms. It is, therefore,
advisable/recommended that You return to this page
periodically to review the current version of the CIR
Terms in force. If You disagree to the CIR Terms or
any subsequent modifications/ amendments to the CIR
Terms or decide not to avail the Service in any way,
Your only recourse shall be to immediately terminate
usage of the Service. By using Our Service, You, in
continuation to the aforesaid also specifically agree
and accept to be bound by the
following:
- Your Consent:
You accept and agree that by submitting Your details on the Platform and requesting Your credit score & CIR through Us, You expressly consent to FineQus’s right to receive, collect, and/or fetch on Your behalf, directly or through its lending partners such as NBFC’s, fintech’s, banks (“Lending Partner”),a copy of Your credit score and CIR from the CICs as Your lawful and duly authorised/ appointed agent, at any time for so long as You have an active account with Us.
- Your use of the Services:
You undertake that
your consent/ instruction and/ or
approval is valid, effective and binding on You
without any further enquiry or due diligence as to the
identity of the person purporting to give such
consent/ instruction and/or approval. You accept and
agree that You shall utilize the Service offered by Us
for Your own personal use alone. You shall neither
attempt to make any commercial/ business illegal/
unauthorised use of the Service, nor shall You use the
Service on behalf of any third party. You further
agree that You shall neither impersonate another
person nor use their personal information to avail the
Service of the Company. In case of any dispute
pertaining to Your use of the Service on behalf of any
third party, impersonation or using the information of
any such third party, You shall be solely and
absolutely responsible for any liabilities which may
arise and shall indemnify
Us
for any losses or damages sustained by
Us.
- Your Content:
You accept and agree to provide Us, Your complete and accurate details (“Your Data”) to process Your request for Service. You understand and agree that the Service provided under these Terms are subject to the provision of complete and accurate details about Yourself and providing necessary documents, in support thereof, if requested by Us from time to time.
You accept and agree that in the event Your Data is incomplete or inaccurate, We reserve the right to reject Your request for Service. Furthermore, Your request shall be accepted or rejected basis our prevailing policies and at our absolute and sole discretion.
You hereby authorize Us to share Your Data with CICs to verify Your identity for the purpose of providing the Service. In the event, Your Content does not match with the information existing with CIC or is inaccurate, Your request for Service may be rejected by CIC. We shall accordingly inform You of such rejection through a text message, which shall be sent to Your registered mobile number.
You hereby accept and agree that We shall access Your credit score and CIR from CICs as Your authorised representative and perpetually hold, retain, store, use, analyze, and aggregate, Your credit score and CIR for the following purposes:
- To present an overview of Your credit score and CIR obtained from the CICs;
- To enable You to know the information accessed by the credit institutions while considering the request for fresh credit facilities;
- To enable You to know Your credit score and details of Your CIR, so that You can rectify the error in Your credit history if any;
- To identify and inform You with tailored/ personalized offers for credit products from our Lending Partner that may be suitable to Your circumstances.
-
You hereby accept
and agree that this Service is
for the purpose of providing the Services
hereunder and is intended to provide useful
informative materials on the subjects addressed in
Your credit score and
CIR.
You agree that by using this Service, we may provide
You with information regarding tailored/
personalized offers for products and Service from
our Lending Partner’s . You accept and agree
to receive such information via an online dashboard,
push notifications, SMS, e-mail or call or through
any other means of communication, determined by us,
in
Our
sole discretion and the same shall not be regarded
as unsolicited commercial communication.
- You fully understand and agree that any recommendation/ suggestion made by Us is for illustrative and informational purposes only and shall not be construed as financial advice. Although We shall make every attempt to ensure that its recommendations/suggestions are comprehensive, it is not meant to be conclusive and exhaustive. We strongly recommend You confirm the accuracy and completeness of any information/recommendation/suggestion before relying on it.
-
You hereby accept
and agree that there may be
several other factors (individual’s financial
situations, obligations etc.) to which We are not
privy, that can impact our
recommendations/suggestions and that individual
results may vary based on several other factors
which are beyond Our control and are subject to the
market risks so it is essential to read all policies
and documents carefully. You further accept and
agree that any recommendation/suggestion made by
Us
does not guarantee any desired outcome in Your
credit score or
CIR
provided by CICs. You shall exercise Your
independent discretion, due caution and seek
credible advice considering all relevant factors
before acting on any recommendation/ suggestion made
by Us. You categorically accept and agree that You
shall not hold
Us
responsible for any adverse impact resulting from
Your decision to act on a recommendation/ suggestion
made by Us.
-
You may use the CIR
or any part of it for Your own
personal use only which includes:
- Understanding the data which is taken into account by a lender when the Lending Partner is taking a lending decision;
- Assessing Your own creditworthiness by reference to Your credit;
- You agree that You shall not reproduce or use the CIR except as permitted under the provisions of the Credit Information Companies (Regulation) Act, 2005.
-
You hereby accept
and agree that the Service
provided by Us is based on Your credit score and
CIR
maintained by various CICs. Accordingly, the
information provided/ displayed to You is on an
“As Is” and “As Available”
basis. Please note that
We
do not control Your credit score and/or
CIR, which is a
statistical analysis of information
contained in Your credit file as maintained in the
system and database of CICs, and
We
cannot change that information for You. Neither do
We guarantee the timeliness, accuracy or correctness
of any information contained in Your credit score
and/or
CIR
nor shall it accept any liability, whatsoever, for
any errors, inaccuracies or omissions in Your credit
score and/or
CIR
or any information provided/ displayed to You, basis
Your credit score and
CIR.
-
If You believe that
any information in Your
CIR
is inaccurate and is affecting Your score, You may
dispute the same by directly contacting the
concerned CIC through its website.
Click here to know
more.
-
We agree to protect
and keep confidential Your
credit score and
CIR, both online and
offline. We collect, use and
disclose information about You as provided in
Our
Privacy Policy. We recommend You go through
Our Privacy
Policy to understand the
same.
-
If You are no longer
interested in receiving Your
credit score and
CIR
from Us, please e-mail Your request to: support@Finequs.com. We will respond to
Your request within a
reasonable
timeframe.
-
In no event shall We
be liable to You or any party
for any loss/ damages of any kind, including but not
limited to direct, indirect, special or
consequential damages, whether monetary or other,
arising out of the use or inability to use this
Service, whether in an action of contract,
negligence or other action, even if We may be
advised of the possibility of such
damages.
-
You agree to
indemnify, defend and hold
Us
harmless including Our directors, employees,
officers, agents, licensors and suppliers, and any other third party providers of
information to this Service, from and against any and all losses, expenses,
proceedings, suits, liabilities, fines, penalties,
damages and costs, including reasonable
attorneys' fees, resulting from Your violation
of these Terms or any
act or omission or third party
claims.
- You hereby accept and agree that We reserve the right to withdraw, discontinue or stop the provision of this Service, at any time, at Our sole discretion, in which case, Your use of this Service shall automatically terminate/ come to end. We shall not be liable for any loss or damage that may be sustained by any user on account of such withdrawal or termination, as the case may be.
-
We
shall not be liable for any failure or delay to
perform any obligations if such performance is
prevented, hindered or delayed, in part or entirely,
by any Force Majeure event beyond Our reasonable
control (such as war, sabotage, fire, flood,
explosion, earthquake, acts of god, pandemic, epidemic, acts of third
parties, civil commotion, strikes
or industrial action of any kind, riots, insurgency,
acts of government,
lockdown,
breach of computer systems, malfunctioning of
computer systems/servers by any malicious code or
virus, mechanical or technical errors/failures,
power shut down, failures in telecommunication or
internet services etc.) We
reserve the right to withdraw/suspend its Service so
long as the Force Majeure event
continues.
- You hereby accept and agree to comply with all applicable laws including but not limited to the laws governing CICs when using Your credit score and CIR.
- These CIR Terms shall be governed by the laws of India and the courts of Chennai shall have the exclusive jurisdiction regarding any disputes arising in connection thereof. ou may also contact our Grievance Redressal Officer on:
Name: Amrish Krishnan
E-mail ID: grievance@finequs.com
Address: 12 Kanchi Nilayam, South Usman Road, T. Nagar, Chennai 600017, Tamil Nadu.