These Terms create a binding agreement between Instant Credit ("the Company") and you upon downloading and using the Instant Credit web application ("the App"). By using the App, you acknowledge that you have read, understood, and agreed to these Terms, along with the Privacy Policy associated with the App. These Terms outline your rights, obligations, and remedies related to your use of the App. If you do not agree with these Terms, you should not use the App. By using the App, you represent that you are at least 18 years old or have the necessary parental or guardian consent, and are legally competent to accept these Terms.
1.1 The App provides access to loans and other credit facilities ("Credit Facilities") offered by banks, non-banking financial companies (NBFCs), and other approved lending institutions ("Lenders"). It automatically tracks, organizes, and analyzes your transaction information to offer various credit products. You consent to the sharing of this transaction information with Affiliates and Lenders.
1.2 "Transaction Information" refers to data from text messages (SMS) sent by service and product providers (including financial institutions, mobile carriers, and utility companies) to your mobile number(s) related to transactions across multiple financial accounts. This includes your mobile number, email address, partial payment card data disclosed in the messages, and details about the transactions.
1.3 The App does not access your bank, credit card, or debit card account information directly, nor does it require your bank login ID or password.
1.4 "Affiliates" are entities incorporated and controlled by the Company, either through majority ownership, board appointments, or other management rights.
2.1 By using the App, you unconditionally agree to these Terms, including the "Privacy Policy" and any other notices, disclaimers, or policies related to the App.
2.2 If you disagree with any part of these Terms or the Privacy Policy, please do not use the App. The Company reserves the right to amend these Terms at any time, with such amendments becoming binding 24 hours after being posted on the Website. You are responsible for regularly reviewing the most current version of the Terms.
3.1 You must comply with all applicable laws when using the App.
3.2 The Company does not control or endorse any third-party information, products, or services unless explicitly stated.
3.3 The Company is not responsible for any delays or failures due to infrastructure issues, including server uptime and network availability.
4.1 The Company reserves the right to charge subscription fees for the App, which may be free initially.
4.2 Payments must be made using the methods specified by the Company, such as credit or debit cards.
5.1 The Company may terminate your access to the App at any time, with or without notice or reasons, without liability.
5.2 The Company may also terminate these Terms without notice if you violate any guidelines or rules related to the App. It may block, restrict, disable, suspend, or terminate your access at its discretion, without prior notice or liability.
6.1 The Company is not a lender. It facilitates your application for Credit Facilities, with the terms being solely between you and the Lender. The Company is not a party to these terms.
6.2 The Company is not responsible for the rejection of your Credit Facility application or other refusal by Lenders, and it is not obligated to provide reasons for such refusal.
7.1 To the fullest extent permitted by law, the Company and its third-party partners disclaim all warranties, whether statutory, express, or implied, including but not limited to merchantability, fitness for a particular purpose, and non-infringement of proprietary rights.
7.2 Your use of the App is at your own risk. The App and its contents are provided "as is" and "as available," without warranties of any kind.
7.3 The Company does not warrant that the App will be error-free, secure, or free of viruses or other harmful components.
7.4 You understand that downloading or obtaining any materials through the App is done at your discretion and risk, and you are responsible for any damage or data loss that may occur.
7.5 These Terms, including the disclaimers and limitations of liability, form the basis of your agreement with the Company.
7.6 Any information about third-party products or services provided by the App does not constitute endorsement or approval by the Company.
8.1 The Company and its licensors own all rights to the App, including its design, content, and trademarks. Copying any part of the App may result in termination of these Terms and potential legal action.
9.1 In addition to consents under the Privacy Policy, you consent to:
The Company does not itself retrieve credit scores from any source.
10.1 The Company, its officers, directors, employees, contractors, agents, licensors, partners, or suppliers will not be liable for any direct, indirect, incidental, consequential, or punitive damages, even if advised of the possibility of such damages.
11.1 You agree to indemnify the Company and its Affiliates against any claims, damages, losses, or expenses, including attorney's fees, arising from your use of the App.
12.1 These Terms are governed by the laws of the Republic of India. If you are using the App outside of India, you agree to the applicability of Indian law and jurisdiction.
12.2 Disputes will be initially attempted to be resolved amicably. Unresolved disputes will be referred to arbitration in Bangalore, according to the Arbitration and Conciliation Act, 1996. You consent to the exclusive jurisdiction of the courts in Bangalore Urban District.
13.1 Notices: Notices to the Company must be sent by registered mail or recognized courier.
13.2 Force Majeure: Performance delays due to unforeseen events beyond the control of either party will excuse performance under these Terms.
13.3 Severability: If any provision of these Terms is found to be unenforceable, it will not affect the validity of the remaining provisions.
13.4 No Waiver: Failure to exercise a right under these Terms does not waive that right.
13.5 Assignment: Your right to use the App is personal and not transferable.
13.6 Communications: You agree to receive promotional communications from the Company, which may override any previous DND or DNC registration.