Lendingkart Terms And Conditions

  1. I/We confirm that we have carefully read and fully understood all the terms of use of availing financing that are listed on Lendingkart Group website at https://www.lendingkart.com/termsofuse & https://www.lendingkart.com/privacy and applicable to any loan availed through the Group Website.
  2. I/We accept the terms & conditions unconditionally and agree that these terms and conditions may be amended or modified at any time and I/we will be bound by the amended terms & conditions that are in force.
  3. I/We understand that sanction of the loan(s) is at the sole discretion of the Group NBFCs / banks (affiliated lenders) and is subject to my/our execution of necessary documents, providing any security(ies) and other closing formalities to the satisfaction of the concerned Lender. I/We agree that Group NBFC at its sole discretion may reject my application without providing any reasons, and that I/We reserve no right to appeal against this decision.
  4. I/We declare that I am/we are citizens of/resident in India and I/we declare, warrant and represent that all the particulars and information and details given / filled in this application form and documents given by me/us to are true, correct and accurate and I/we have not withheld / suppressed any material information. I/We undertake to furnish any additional information/ documents that may be required by LENDINGKART Group NBFC from time to time. LENDINGKART Group NBFC reserves the right to retain the photograph & the documents submitted with the applications & may not return the same to the applicant.
  5. I/We confirm that there are no insolvency proceedings against me/us nor have I/we ever been adjudicated insolvent. I/We also undertake to inform LENDINGKART Group NBFC of changes in my/our occupation/employment and to provide any further information that the company may require. I/We shall advise LENDINGKART Group NBFC on the change in my/our resident status.
  6. I/We agree that my/our loan will not be used for any speculative or anti-social purpose.
  7. As a pre-condition, relating to grant of the loans/advances/credit facilities by LENDINGKART Group NBFC to me/us, I/We agree and give consent for the disclosure by LENDINGKART Group NBFC of: I. information and data relating to me/us and our directors and group companies; II. the information or data relating to any credit facility availed of/to be availed, by me/us; and III. default, if any, committed by me/us, in discharge of any our obligations, to all or any third parties as may be deemed necessary at the sole discretion of LENDINGKART Group.
  8. LENDINGKART Group NBFC may, as it reasonably deems appropriate and necessary, disclose and furnish information as set forth above to CIBIL and/or any other agency authorized in this behalf by the RBI. The Borrower hereby agrees that LENDINGKART Group NBFC shall be entitled to exchange information regarding our accounts with other financial institutions or banks, as and when required in accordance with Applicable Law and regulations.
  9. I/We undertake and acknowledge that: I. For the purpose of assessing our credit worthiness, LENDINGKART Group NBFC is authorized to pull from CIBIL and/or any other agency authorized by RBI, data of the applicant(s), directors, group companies, and any other individuals who are involved in the said business, on behalf of which this loan application is made; II. CIBIL and any other agency so authorized may use, process the said information and data disclosed by LENDINGKART Group NBFC in the manner as deemed fit by them; and III. CIBIL, and any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the RBI in this behalf.
  10. I/We further authorize LENDINGKART Group to keep me/us informed (vide telephone, SMS, mail, E-mail etc.) of all promotional schemes and/or activities.