These terms and conditions govern your access and use of Save Plus ('Services') available on INDmoney Platform. The Save Plus is a peer-to-peer investment program / services offered by registered NBFC-P2P with the Reserve Bank of India (RBI).
Please read the terms and conditions as contained herein-below carefully and thoroughly, prior to proceeding further with the Services. By proceeding further with Save Plus, You agree and accept to be bound by the Save Plus Facilitation Services terms and conditions ('T&Cs') set-out herein and clearly understands the roles of Finzoomers Services Private Limited ("Finzoomers") and NBFC-P2P.
Finzoomers has partnered with RBI registered NBFC – P2P, wherein the role of Finzoomers is merely a platform provider / technology facilitator with user interface that facilitates accessibility to Save Plus. Finzoomers and/or any of its group, subsidiary, associate and/or affiliate entities, do not offer, approve, disburse or sell, any banking and/or financial services including peer to peer lending services on their own accord and do not own or claim to own any banking and/or financial services including peer to peer lending services of their own.
You hereby declare and certify that, (a) You are 18 years of age or older; (b) You are citizen and resident of India; (b) You are legally entitled to enter into lenders agreement with NBFC-P2P; (c) any and all information furnished by You during the course of Your journey and/or on the INDmoney Platform is / shall be true, correct, updated and accurate; (d) You hereby undertake, warrants and covenant that, You shall keep all your information updated, true, correct and accurate, (e) 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 shall keep Finzoomers & NBFC-P2P updated of any change in your personal information (including your phone number, communication address, permanent address, KYC information, bank account details etc.). The Services may not be available in all geographic areas and/or to our entire user base.
You unconditionally & unequivocally grant permission to Finzoomers to receive, collect, process and/or share Your personal information including but not limited to Name, Date of Birth, mobile number, email id, KYC documents such as PAN, identity proof, address proof, bank account details and/or such other details & documents (as may be prescribed by Finzoomers / NBFC-P2P from time to time) with NBFC – P2P (or NBFC – P2P appointed third parties) for offering you the Services.
You hereby agree and grant consent in favor of Finzoomers, NBFC-P2P (including their appointed third party) to collect, process verify and store your KYC data, personal information, bank account details for the purposes of Services including opening of account, communication, sharing of updates, transactions, grievance rederessal etc..
You hereby expressly acknowledge, understand and warrant that grant or denial to avail the Services is at complete, absolute and sole discretion of NBFC-P2P. You further understand that the NBFC-P2P may reject or put on hold your application (with or without any reason) in its sole discretion and judgement. The decision of NBFC-P2P shall be final and binding. Finzoomers in no event shall be responsible for any acts or actions of NBFC-P2P including delay, rejection, cancellation, act of omission or commission, negligence, breach of confidentiality, breach of applicable laws, failure on part of NBFC-P2P to discharge its obligations. You understand that Finzoomers is merely a facilitator, who has no bearing or control over the decision-making process of NBFC-P2P.
You hereby declare, represents and assure that You have read and understood the risk associated with the Services including but not limited to the fact that, Finzoomers and/or NBFC-P2P does not assure return of principal and/or payment of interest. That there exists a likelihood of loss of entire principal in case of default by a borrower. That Finzoomers and/or NBFC-P2P does not offer any assurance or guarantee with respect to recovery of loans. That Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by the NBFC-P2P and does not provide any assurance for repayment of the loans lent on it. You understand that Finzoomers assume no responsibility or liability of any nature whatsoever with respect to possible or actual losses that may be incurred by You under Services.
Present P2P regulations permits, that as a lender You can make an investment upto INR 10,00,000 (Indian Rupees Ten Lakhs Only) across all P2P platforms in India without furnishing net worth certificate from a practising chartered accountant to P2P platforms. In view of the said, the maximum investment permitted on INDmoney Platform is capped to INR 10,00,000 (Indian Rupees Ten Lakhs Only). You understand that it is Your obligation to remain compliant with this obligation and otherwise in general with regulations pertaining to P2P.
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 the Services.
Finzoomers will endeavour to have your query / concerns resolved by the NBFC-P2P. Such resolution of query performed by Finzoomers is on "No liability basis" and You understand that the final resolution has to be offered by NBFC-P2P. The resolution offered by the NBFC-P2P shall be final & binding. You have the right to directly reach out to NBFC-P2P for resolution of your issues / concerns as per their grievance redressal mechanism which in case of (a) NDX P2P Private Limited https://www.liquiloans.com/customer-grievances-redressal-mechanism; (b) Fairassets Technologies India Pvt Ltd https://www.faircent.in/grievance-redressal-policy.html
All transactions are independent bilateral transactions between You and NBFC – P2P who is offering You the Services. You understand and agree that Finzoomers have no role to play or otherwise collect or receive the amount that you intend to invest or withdraw. The invested amount is directly handled / received by NBFC – P2P or its appointed trustee / administrator, interest received (if any) is offered by NBFC – P2P and the withdrawal amount is also settled directly by or through NBFC – P2P or its appointed trustee / administrator. Finzoomers charge no fee to its customer for offering the Service on INDmoney Platform.
Please be advised that investment and withdrawal timelines are on best endeavour basis. Finzoomers have no control or otherwise discretionary power to affect or influence the timelines. You understand that, the effective date of your investment to start receiving interests / returns is dependent upon NBFC – P2P receiving all your information (including the invested amount) in a timely manner. You understand the risk and limitations associated with processing of online transactions and agree that Finzoomers shall not in any manner whatsoever be responsible for delay in the effective date of your investment or in processing of your withdrawal request or delay of any nature whatsoever. For the purpose of Services offered by NBFC – P2P, working day means a day (other than Saturday, Sunday, banking holiday, local or other statutory holiday) on which NBFC – P2P is open for general business.
YOU AGREE AND ACKNOWLEDGE THAT THE DISPLAY OF SERVICE, OFFERED BY NBFC – P2P, 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) WITH RESPECT TO THE SAID SERVICE. 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 SERVICES ARE MADE AVAILABLE ON 'AS IS', 'AS AVAILABLE' BASIS, FINZOOMERS MAKE NO REPRESENTATION OR WARRANTY WITH REGARD TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE.
FINZOOMERS ASSUMES NO RESPONSIBILITY OR LIABILITY NOR GUARANTEE NOR OFFER ANY ASSURANCE OF RETURN ON YOUR INVESTMENT FROM THE SERVICE. FINZOOMERS SHALL NOT BE RESPONSIBLE OR LIABLE IN ANY MANNER WHATSOEVER AND FOR ANY REASONS WHATSOEVER, IF THERE IS ANY DELAY IN CLEARANCE OF YOUR INVESTMENT TRANSACTION, LOSS OF PRINCIPAL, LOSS OF INTEREST AMOUNT IN WHOLE OR IN PART, DELAY IN WITHDRAWAL.
Finzoomers reserves the right to amend, change, modify these terms and conditions at any time, without notice or discontinue the services anytime.
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.