By using Digi Credit Loan’s services (hereinafter referred to as “Digi Credit Loan,” which includes its affiliates, successors, and assigns as applicable), you agree to abide by these Terms and Conditions, which may be updated, modified, or replaced by TheBankBazar periodically. These Terms and Conditions, along with the Service, apply to all loans provided.
This agreement (the “Terms”) is between you and Digi Credit Loan, whose principal office is located at Unit 1241A, 12th Floor, Gaur City Mall, Greater Noida West, Sector 4, Uttar Pradesh, 201301. It governs your use of Digi Credit Loan’s proprietary risk evaluation and measurement software system (“Digi Credit Loan“) and the services described herein (“Service”).
Additional terms may apply to specific Services, such as those related to particular events, promotions, or special arrangements. These supplemental terms will be communicated to you for the relevant Service(s). They will be considered part of these Terms for the applicable Service(s). In case of any conflict between supplemental or amended terms and these Terms, the supplemental or amended terms will take precedence for the specific Services involved.
Digi Credit Loan reserves the right to modify these Terms at its discretion. Unless stated otherwise, changes will take effect when Digi Credit Loan posts the updated Terms or any amended policies or supplemental terms on the relevant Service(s). By continuing to access or use the Services after such updates are posted, you agree to be bound by the revised Terms.
Digi Credit Loan may approve or continue to provide a loan to a borrower if the following conditions are met. If you are an individual, you must be at least 18 years old. If you represent a non-individual entity, you must have the proper authorization from that entity to agree to these Terms.
You must be financially solvent.
You confirm and warrant that you are capable of entering into these Terms and fulfilling the obligations outlined herein.
You must be an Indian citizen.
You must be an individual; automated tools or ‘bots’ are not permitted to use the Digi Credit Loan System under this Agreement.
Your application form must be accepted by Digi Credit Loan in accordance with its prescribed procedures.
All required documents, whether legal or otherwise, must be completed and signed to Digi Credit Loan’s satisfaction.
You must provide all primary and secondary evidence of documents as requested by Digi Credit Loan.
There must be no potential for default, and all representations and warranties made in the application form, loan agreement, or elsewhere must be accurate.
Any additional conditions set by Digi Credit Loan must be fulfilled or otherwise duly complied with to Digi Credit Loan’s satisfaction.
To register an account, you must provide certain information, including your name, address, mobile phone number, age, and any unique identifier issued by Digi Credit Loan.
You agree to provide and maintain accurate, complete, and up-to-date information in your account. Failure to do so may hinder your access to Digi Credit Loan’s systems and services, or result in the termination of this agreement by Digi Credit Loan.
You are fully responsible for all activities under your account and must keep your account username and password secure and confidential at all times.
Unless otherwise authorized in writing by Digi Credit Loan, you are permitted to operate only one account. You acknowledge that any misuse of your account not attributable to Digi Credit Loan will be your responsibility, and you will be liable for any resulting consequences.
By agreeing to these Terms, you consent to the use of any information provided during account setup in accordance with Digi Credit Loan’s privacy policy, which is considered part of these Terms.
The Service provides access to the Digi Credit Loan System, which includes verifying the information you provide on the Digi Credit Loan portal and assessing your creditworthiness. Subject to Digi Credit Loan’s sole and absolute discretion, you may be able to submit a Credit Facility Application for a short-term credit facility (“Advance”) to a licensed entity partnered with Digi Credit Loan (“Digi Credit Loan Partner“) and use other functionalities of the Digi Credit Loan System as permitted. Digi Credit Loan is not obligated to disclose its assessment of your creditworthiness to you, your nominees, heirs, or successors.
You understand that Digi Credit Loan allows you to submit a Credit Facility Application based on its proprietary systems, formats, methodologies, and algorithms in Digi Credit Loan systems only.
The Digi Credit Loan System dynamically evaluates the risk associated with each Credit Facility Application based on factors such as the Advance amount, credit eligibility criteria, and other requirements set by the Digi Credit Loan Partner. Each Credit Facility Application may be evaluated separately. Due to the dynamic nature of these assessments, there is no guarantee that Digi Credit Loan will allow you to submit a Credit Facility Application for every Advance you seek.
You agree that Digi Credit Loan or a Digi Credit Loan Partner may, at their discretion and through authorized agents or agencies, verify the information provided, check credit references, review employment details, and obtain credit reports to assess creditworthiness. The Service does not guarantee that the Advance you seek will be disbursed by the Digi Credit Loan Partner. Digi Credit Loan will make a preliminary determination of your creditworthiness and forward this determination to the Digi Credit Loan Partner. The final decision to grant the Advance rests with the Digi Credit Loan Partner, which will use its own credit decision processes and methodologies. The Digi Credit Loan Partner may reject any recommendation from Digi Credit Loan regarding your Credit Facility Application or Advance.
Before granting an Advance, the Digi Credit Loan Partner may require you to submit additional documentation and information as required by applicable laws and internal policies. If the Digi Credit Loan Partner decides to approve the Advance, you will need to execute a loan or credit facility agreement (“Loan Documentation”) to formalize the terms of the arrangement.
You are required to repay the Advance, along with all applicable interest, charges, and fees, to the Digi Credit Loan Partner as specified by them and when they become due. Digi Credit Loan’s services are solely focused on connecting you with credit providers. Once you are connected to the Digi Credit Loan Partner or the credit provider, Digi Credit Loan’s role and services are considered complete.
You acknowledge that an Advance provided under the Loan Documentation constitutes a separate transaction between you and the Digi Credit Loan Partner, independent of Digi Credit Loan’s services. Any disputes regarding the Advance must be resolved directly between you and the Digi Credit Loan Partner. You agree not to involve Digi Credit Loan in such disputes. If you attempt to do so, Digi Credit Loan reserves the right to take any actions necessary to protect its interests.
You agree to allow Digi Credit Loan to send you payment reminders periodically, in accordance with applicable laws. Additionally, you authorize Digi Credit Loan to use (a) any User Generated Content and/or (b) other information you have provided access to, for the purpose of sending payment reminders to you or to others who can be contacted through you. This includes contacting individuals who may not be users of the Digi Credit Loan System, as permitted by law.
You explicitly permit Digi Credit Loan to use any information you provide or generate for its collections agency services, in relation to: (a) any credit facility you have obtained from a credit issuing entity, regardless of whether Digi Credit Loan was involved in facilitating that credit facility; or (b) any credit facility obtained by a third party from a credit issuing agency, if Digi Credit Loan’s analysis suggests that the information you provided can help contact such a person. This may involve either (i) deriving contact information for the third party from your provided information and contacting them directly, or (ii) reaching out to you to request contact information for the third party or to ask you to inform the third party that Digi Credit Loan is trying to reach them.
You are responsible for securing the data network access needed to use the Services. Any data usage rates and fees imposed by your internet or mobile network provider will apply if you access the Services from a wireless-enabled device. Additionally, you must acquire and maintain compatible hardware or devices necessary to access and use the Services and Digi Credit Loan Systems, including any updates. Digi Credit Loan does not guarantee that the Services will function on any specific hardware or device. Moreover, the Services may experience delays or interruptions due to the use of the Internet and electronic communications.
Subject to your compliance with these Terms, Digi Credit Loan grants you a limited, non-exclusive, revocable, and non-transferable license in India to:
Access and use the Digi Credit Loan Systems through your PC or other portable devices solely for your personal use of the Services within India.
Access and use any content, information, and related materials made available through the Services exclusively for your personal, non-commercial use.
All rights not expressly granted here are reserved by Digi Credit Loan and Digi Credit Loan licensors.
You may not:
You understand that all User Generated Content, as permitted by the Digi Credit Loan System, is solely the responsibility of the individual from whom it originated. This means you are entirely responsible for any User Generated Content you upload, download, post, email, transmit, store, or otherwise make available through your use of the Service. Digi Credit Loan does not control, nor does it guarantee the accuracy, integrity, or quality of User Generated Content. Your use of the Service and any User Generated Content is at your own risk.
You are responsible for backing up any important documents, images, or other User Generated Content that you store or access via the Service on your own computer or device. While Digi Credit Loan will use reasonable skill and care in providing the Service, it does not guarantee or warrant that any User Generated Content stored or accessed through the Service will be free from inadvertent damage, corruption, or loss.
By entering into this agreement, you have opted to use the security measures provided by Digi Credit Loan, despite the availability of other security options. While Digi Credit Loan employs industry-standard security measures to protect the Service from viruses and malicious attacks, it does not guarantee that the Service will be free from loss, corruption, attacks, viruses, interference, hacking, or other security breaches. Digi Credit Loan disclaims any liability for such issues to the extent they occur despite the use of its security measures.
Digi Credit Loan warrants that, during the term of this agreement, it will implement commercially reasonable security measures. Except as expressly stated in this section, Digi Credit Loan makes no representation or warranty regarding the effectiveness of its security measures. Neither Digi Credit Loan nor its affiliates will be liable for breaches of security or system integrity unless caused by willful misconduct or gross negligence on the part of its employees.
The Services are provided on an “as-is” and “as-available” basis. Digi Credit Loan is not responsible for any failures in telecommunications networks or other communication links used to access the Services. There is no guarantee that the Services will meet your requirements or operate without interruption or errors.
You also acknowledge that the Service is not intended for use in situations where failure, delays, errors, or inaccuracies could lead to death, personal injury, or severe physical or environmental damage. Digi Credit Loan and its affiliates, subsidiaries, officers, directors, employees, agents, partners, and licensors disclaim all other conditions, representations, and warranties, whether express or implied, including but not limited to, any warranty of merchantability, fitness for a particular purpose, error-free operation, or non-infringement, except as explicitly provided in this limited warranty. Specifically, Digi Credit Loan does not warrant that (i) the Service will meet your requirements, or (ii) your use of the Service will be timely, uninterrupted, secure, or error-free.
During your interactions with Digi Credit Loan, both parties may exchange and provide access to confidential and proprietary information (“Confidential Information”).
You acknowledge and accept that your access to and use of the Services is at your own risk. To the fullest extent permitted by law, Digi Credit Loan and its directors, officers, employees, and agents shall not be liable for any incidental, indirect, special, punitive, consequential, or other damages arising from or related to the Services.
You agree to defend, indemnify, and hold harmless Digi Credit Loan, along with its officers, directors, employees, and agents.
By using the Service, you consent to the collection and use of certain information about you and your use of the Service, in accordance with Digi Credit Loan’s Privacy Policy and these Terms.
All notices and communications required under this Agreement must be in writing and will be considered given upon receipt if sent through:
If any term, condition, or provision of this Agreement is found by a court of competent jurisdiction to be invalid, unlawful, or unenforceable to any extent, that term, condition, or provision will be severed. The remaining terms, conditions, and provisions will continue to be valid and enforceable to the fullest extent permitted by law.
No waiver of any breach of this Agreement shall be deemed a waiver of any prior, concurrent, or subsequent breach of the same or any other provisions. Additionally, a waiver will only be effective if it is made in writing and signed by an authorized representative of the waiving party.
Digi Credit Loan will not be liable for any failure or delay in performing the Services if such delay or failure is due to causes beyond its control, including but not limited to strikes, riots, fires, floods, natural disasters, or other similar events.
The user acknowledges and agrees that Digi Credit Loan, as an aggregator, may share leads with partnered brands related to credit cards and other financial products once the user expresses interest in the service. The user also consents to receive communications via calls, SMS, emails, or other methods from partnered banks and other financial institutions regarding credit cards and other financial services. These partnered brands have the authority to contact the user to assist with service approval based on eligibility. Financial institutions and banks may retain and use your information as needed. By providing your contact details, you agree to receive all information, reports, statements, and announcements through the communication methods you have provided.
These Terms, along with any supplementary terms or appendices prescribed by Digi Credit Loan or Digi Credit Loan Partner, constitute the complete agreement between the parties regarding the subject matter.
Digi Credit Loan addresses the fundamental need for fast, convenient, and transparent access to credit in India.
