Terms and Conditions

Cygnisys OPC Private Limited, a company incorporated under the Companies Act, 2013 having its registered office at #147, 3rd Floor, 7th Sector, 5th Main, HSR Layout, Bangalore, Karnataka 560102 India. CYGNISYS OPC PRIVATE LIMITED (hereinafter “ClikFin” “Us”, “Our” “We”, which shall mean and include its affiliates, successors and assigns) owns and operates this website, whether accessible on www.clikfin.com or such other URL as may be designated by ClikFin, or through a mobile application, if available, (“Website”).

“ClikFin” or ‘ ‘us’ or ‘we’. As a user (“User”) of this Website, the User understands that ClikFin is a platform providing access between multiple Users in the form of consumers, financial institutions, data partners and other partners lenders, borrowers, service providers etc. with a view of facilitating lending and borrowing activities, including providing financial products such as loans etc. between the Users. It is hereby clarified that the term “Users” shall mean any person using the Website i.e. consumers, financial institutions, data partners and other partners. Your use of this Website implies that you have read, understood and agreed to abide by following, disclaimer, terms & conditions (“Terms & Conditions”). These Terms & Conditions together with our privacy policy as provided on the Website (“Privacy Policy”) govern your usage of the Website. If you disagree with any part of these terms and conditions, please do not use the Website.

The Website provides access to an online platform bringing together consumers, financial institutions, data partners and other partners willing to abide by the Terms & Conditions herein. ClikFin is merely a facilitator providing the Platform for any Person in need of financial products such as consumers, financial institutions, data partners and other partners etc., including connecting Users for assistance regarding financial products.

1. USER information collected

During the use of our Services, website and mobile application, we may collect information about you from you and from third parties. While some information has to be mandatorily provided, others are optional and certain portions of the information will remain private and some will be shared with associated third parties. All information you provide to us is voluntary. This information is including but not limited to the following:

  • information about you when you register or when you use ClikFin;
  • personal and financial information like your name, email address, contact number, gender, date of birth, contact information, address, employment information, pay slips, academic qualification, PAN no, Driving License no, Aadhaar no, bank statements, net-banking credentials, etc.
  • Credit related information that is collected from other sources like credit bureaus.
  • Information about your transaction history like spend data.
  • We may also collect other personal information such as SMS, contacts, location data, mobile device data etc.
  • your unique identifiers such as username and password, preferences information and transaction history;
  • Information collected through your Facebook, Twitter, LinkedIn or other social media accounts which have been linked to using ClikFin.
  • information that you provide when you write directly to us (including by e-mail) or provide us over telephone;
  • any other information that ClikFin is required to collect as per specific mandate from any bank or as a requirement under applicable law;
  • Electronic bank statements through a 3rd party provider
  • Aggregate information and electronic data – like the pages viewed, how you navigate through the website and interact with webpages, etc.

 

2. ACKNOWLEDGEMENT & RIGHTS OF THE COMPANY :

ClikFin may wish to stop providing the Services, and may terminate use of it at any time without giving notice of termination to you. Unless ClikFin informs the User otherwise, upon any termination, (a) the rights and licenses granted to you in these terms will end; and (b) User must stop using the Platform forthwith. ClikFin reserves the right to suspend or cease providing any Service and shall have no liability or responsibility to the User in any manner whatsoever if it chooses to do so. You acknowledge that ClikFin is a platform bringing Users together and that the ClikFin is not engaged in either grant of loan or borrowing any money or assistance for any financial products from any member using the ClikFin Platform. You acknowledge that the use of the financial products is entirely based on the negotiations between the Users and third party and neither ClikFin nor its affiliates, contractors, employees, officers, directors, agents and their third party associates, licensors and partners have any interest with regard to any financial products assistance procured by or to a registered User. You acknowledge that ClikFin will not be responsible for any claim or damage in case of use of the financial products. ClikFin in no manner warrants or guarantees the performance of a third party service provider that is providing services through the App. You acknowledge that ClikFin in no manner guarantees that the Users have provided all the information on this App which is true and correct including his address, phone numbers etc. You acknowledge that it is your responsibility to verify the information about the person on the Platform and ClikFin is in no manner liable if the information provided on this App is untrue or incorrect. You acknowledge that ClikFin is in no manner responsible for any claim of money or damages in the event one person fails to either grant loan or a person fails to repay the loan or misrepresents his financial status or commits a fraud or cheating or any other such illegal act.

3. THIRD PARTY SITES :

There might be affiliates or other sites linked to Paisabazaar.com. Personal information that you provide to those sites are not our property. These affiliated sites may have different privacy practices and we encourage you to read their privacy policies of these website when you visit them.

4. User information:

 

  1. We will also use the user information to enable activities and transactions that need to occur during the process of lending, such as:

 

  1. Generating and maintaining User profiles on the App; ii. Provide personalized features;
    • Aiding financial services organizations to provide better services;
  1. Facilitating collection activities as needed;
  2. Maintaining regular communications with the user concerning transactions the user initiates, such as requesting information or assistance, submitting a loan request, making payments, transferring funds, etc.
  3. Modifying the App from time to time to cater to the user’s interests;
  • Providing the App and the functions and features therein, efficiently;
  • Preserve social history as governed by existing law or policy;

You acknowledge that you are licensing us to use, modify, display, distribute and create new material from the information you provide you acknowledge that you are licensing us to use, modify, display, distribute and create new material from the information you provide through the App to render certain services on the App. By providing such information, you automatically agree, or promise that the owner of such information has expressly agreed to allow or license, as the case may be, us to use the information in the manner set out in this Privacy Policy, without the payment of any fees. We may, to the extent permitted by law, also use, license, reproduce, distribute disclose, and aggregate, non-personally identifiable information that is derived through your use of the App and you hereby provide consent for the same.

5. Children’s privacy:

These Services do not address anyone under the age of 18. We do not knowingly collect personally identifiable information from children under 18. In the case we discover that a child under 18 has provided us with personal information, we immediately delete this from our servers. If you are a parent or guardian and you are aware that your child has provided us with personal information, please contact us so that we will be able to do necessary actions.

6. PRIVACY POLICY subject to change:

ClikFin reserves the right to change this policy from time to time, at its sole discretion. We may update this privacy policy to reflect changes to our information practices. We encourage you to periodically review.

7. MISCELLANEOUS, LAWs AND JURISDICTION:

This Agreement shall be construed and governed by the laws of India without regard to principles of conflict of laws. Parties further agree that the courts in Bangalore, Karnataka, India shall have an exclusive jurisdiction over such disputes. Entire Understanding: These Terms, along with the Loan Agreement, Mobile Application Form and Privacy Policy, constitute the entire understanding between you and the Company with relation to the Services. Waiver: The failure of the Company to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to availing of the Services or these Terms must be filed within one year after such claim or cause of action arose or be forever barred. Severability: If any provision of these Terms is found by a court of competent jurisdiction to be invalid, the Parties nevertheless agree that the court should endeavor to give effect to the Parties’ intentions as reflected in the provision, and the other provisions of these Terms shall remain in full force and effect.

 

8. Cookies:

Cookies are small data files that a Website stores on your computer. We will use cookies on our Website similar to other lending websites and online marketplace websites. Use of this information helps us identify you, the User behavior, and the products that the User browses, in order to make our Website more user friendly and to be able to provide you with information relating to Products that may be of interest to you. We might also use this information to display advertising from third party companies. Most browsers will permit you to decline cookies but if you choose to do this it might affect service on some parts of Our Website. We might also use other technology to track how you interact with Website and employ some third party agencies to use the data on our behalf for data analysis to determine your use and journey on the Website

9. waiver:

No term of these Terms of Use shall be deemed waived and no breach shall be excused, unless such waiver or consent is in writing and signed by the Company. Any consent by the Company to waive a breach under this Agreement, or waiver of a breach by you, whether expressed or implied, shall not constitute a consent to, waiver of, or excuse for any other different or subsequent breach.

10. VIOLATIONS:

Please report any violations or grievances with relation to these Terms to the Company at Support@clikfin.com

*Note: There terms and conditions may change as prescribed by ClikFin from time to time