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Terms & Conditions for Credit Information

Consent In Relation To Access To Credit Information Through Experian

His end User Agreement (the “Agreement”) is made between you (the “User” or “You”) and KGIL Fintech Solutions Private Limited (hereinafter referre to as “KGIL Fintech Solutions Private Limited ”), a Fintech Solutions having its register office at Unit 219,Gera’s Imperium Rise, Hinjawadi Phase II, Pune – 411057, Maharashtra, IN (“KGIL Fintech Solutions Private Limited ”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and

KGIL Fintech Solutions Private Limited shall be collectively referred to as the “Parties” and individually as a “Party”.

I hereby consent to appointing KGIL Fintech Solutions Private Limited as my authorized representative to receive my Credit Information from Experian and show me my credit score and detailed credit report (“End Use Purpose”).

BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE EXPERIAN CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW) (TOGETHER REFERRED AS “CREDIT INFORMATION”). You hereby also consent that Experian will provide such Credit Information to you and KGIL Fintech Solutions Private Limited using Experian tools, algorithms, and devices, and you hereby agree, acknowledge, and accept the terms and conditions set forth herein.

Terms and Conditions:

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

KGIL Fintech Solutions Private Limited shall access your Credit Information as your authorized representative and KGIL Fintech Solutions Private Limited shall use the Credit Information for limited End Use Purpose consisting of and in relation to the services proposed to be availed by you from KGIL Fintech Solutions Private Limited .We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell, or rent the Credit Information to any other person, and no one may copy or reproduce the same except as we agree herein and in furtherance of CICRA.

The Parties agree to protect and keep confidential the Credit Information both online and offline.We will promptly destroy, purge, and erase the Credit Information you share or we receive on your behalf within one (1) business day after completing the transaction or End Use Purpose for which we procured the Credit Information report.Governing Law and Jurisdiction: The laws of India will govern the relationship between you and KGIL Fintech Solutions Private Limited, and the courts of Mumbai will have exclusive jurisdiction over all claims or disputes arising from it.

Definitions:

Capitalised terms used here but not defined above have the following meanings:

“Business Day” means a day (other than a public holiday) on which banks are open for general business in Mumbai.

“Credit Information Report” means the credit information, scores, aggregates, variables, inferences, or reports that Experian generates.
“Credit Score” means the score that appears on the Credit Information Report and that Experian computes.
“CICRA” means the Credit Information Companies (Regulation) Act, 2005, read with the Credit Information Companies Rules, 2006, and the Credit Information Companies Regulations, 2006, and includes any other rules and regulations prescribed thereunder.
 
PLEASE READ THE ABOVEMENTIONED TERMS AND CONDITIONS AND CLICK ON “ACCEPT” FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS/ FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH KGIL Fintech Solutions Private Limited IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE. BY CLICKING “ACCEPT” YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN.

** This document constitutes an electronic record under the Information Technology Act, 2000, the Rules made thereunder, and the amended provisions pertaining to electronic records.