1.1 By accessing and using www.IndiRupee.com, whether as a registered user or a guest, you agree to comply with these Terms and Conditions ("Usage Policy"). These terms, along with any additional policies referenced herein, govern your use of the website and services provided by Indi Rupee.
1.2 The website is owned and operated by Indi Rupee, an entity duly registered under applicable Indian laws. References to "Indi Rupee," "we," "us," or "our" shall be deemed to include this entity and any online platforms associated with it.
1.3 This document is an electronic record under the Information Technology Act, 2000, and applicable rules. It does not require physical or digital signatures to be legally binding. These terms are published in compliance with Rule 3 (1) of the Information Technology (Intermediary Guidelines) Rules, 2011.
1.4 Indi Rupee reserves the right to modify or update these Terms and Conditions at any time. Changes shall be effective upon posting on the website. Continued use of the website after such modifications constitutes acceptance of the revised terms.
2.1 The website and services of Indi Rupee are available only to individuals who are legally competent to enter into a contract under the Indian Contract Act, 1872. Minors, un-discharged insolvents, and other individuals deemed "incompetent to contract" are not eligible to use our services.
2.2 If a minor (below 18 years of age) accesses or uses the website, their account may be terminated, and access to services will be denied upon discovery.
2.3 By agreeing to these terms, users affirm that they are at least 18 years of age and possess the legal capacity to enter into a binding contract.
2.4 To access Indi Rupee's services, users must have an active savings or current account in India denominated in Indian Rupees (INR).
2.5 Users must possess a valid Permanent Account Number (PAN) issued by the Income Tax Department of India.
2.6 By using Indi Rupee's services, users acknowledge and accept the risks involved in lending and borrowing through the platform.
2.7 To be eligible for a loan from Indi Rupee, the user must meet the following conditions:
3.1 Users can access the website either as a registered user or as a guest. Guest users may not have access to all sections of the website, which are reserved for registered users.
3.2 Eligible users who wish to avail of our services must create an account by providing accurate and complete information as required by Indi Rupee.
3.3 By registering, the user authorizes Indi Rupee to conduct necessary background checks, including but not limited to:
3.4 If any information provided by a user is found to be false, outdated, or incomplete, Indi Rupee reserves the right to suspend or terminate the account.
3.5 Users agree to the collection, storage, and use of their personal information as per our Privacy Policy.
3.6 The Terms and Conditions may be read as part and parcel of its Disclosure and Disclaimer.
3.7 There is no fee for registration on Indi Rupee.
4.1 To apply for a loan, users must log into their Indi Rupee account.
4.2 Users are responsible for maintaining the confidentiality of their account credentials. Indi Rupee is not liable for any unauthorized access or misuse of accounts.
4.3 Users confirm that they have read and understood the loan agreement before proceeding with any loan application.
4.4 Any instance of hacking, misuse, or fraudulent activity must be reported to Indi Rupee immediately.
4.5 Indi Rupee reserves the right to refuse any transaction or action that:
4.6 The website may be unavailable due to maintenance or unforeseen circumstances. Indi Rupee will not be liable for any losses arising from such inaccessibility.
4.7 Users are granted a limited, non-exclusive, revocable license to access and use the website in compliance with these Terms and Conditions.
4.8 Users are responsible for obtaining internet access and required hardware/software to use the website.
4.9 Unauthorized access or use of the website will result in termination of access rights.
4.10 Users are prohibited from copying, distributing, or modifying any content on the website for commercial purposes.
5.1 Customers apply for loans through the website and receive an email outlining the required documents.
5.2 A tele caller will contact the applicant to verify details and explain interest rates and loan terms.
5.3 Upon acceptance of terms, the applicant submits documents via email.
5.4 A Credit Manager verifies the documents and assesses the loan eligibility based on fixed obligations and net salary.
5.5 If approved, a sanction letter is sent, and the applicant must confirm acceptance via email.
5.6 Home verification is conducted by a field executive, who assesses the applicant’s residence and documents.
5.7 If verification is successful, the customer completes the following steps:
5.8 Upon successful completion, the loan amount is disbursed within 15-20 minutes or may be early.
6.1 Loans are short-term with a repayment period of 30-35 days.
6.2 Timely repayment results in a No Objection Certificate (NOC) without penalties.
6.3 If a payment delay occurs due to salary or banking issues, an extension of 1-2 days may be granted upon verification.
6.4 If repayment is delayed after salary receipt, a 0.25% daily penalty is applied.
6.5 Loan settlement requests are considered on a case-by-case basis. Upon final settlement, a Settlement NOC is issued.
6.6 Customers may request installment payments depending on their financial situation.
6.7 Cash repayments can be arranged through a field executive.
7.1 Users should be aware of fraudulent entities misrepresenting Indi Rupee.
7.2 Indi Rupee does not request prepayments for loan processing. Any such request should be reported immediately.
7.3 Users should be vigilant against:
7.4 Official communications should always be verified through Indi Rupee’s official contact channels.
8.1 Indi Rupee provides services on an "as-is" basis and does not guarantee uninterrupted, error-free services.
8.2 Indi Rupee is not liable for:
9.1 Indi Rupee reserves the right to:
10.1 Our website may contain links to third-party websites for informational purposes. Indi Rupee does not endorse or take responsibility for their content.
11.1 The User agrees to indemnify, defend, and hold harmless Indi Rupee, its parent company, affiliates, vendors, agents, and their respective directors, officers, employees, contractors, and agents (collectively referred to as the "Indemnified Parties") from any losses, liabilities, claims, suits, penalties, damages, demands, costs, and expenses (including legal fees) arising from:
11.2 Upon occurrence of an indemnifiable event, Indi Rupee may notify the User of any claims requiring indemnification. The User shall be responsible for coordinating with Indi Rupee regarding the defense of such claims.
11.3 The User shall not settle any claim or admit liability on behalf of Indi Rupee without prior written consent from Indi Rupee.
11.4 Under no circumstances shall Indi Rupee, its affiliates, officers, employees, or partners be liable to the User for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of data, profits, or business opportunities, even if Indi Rupee has been advised of such possibilities.
12.1 If any User or Indi Rupee identifies content on the website that violates privacy, misuses personal information, infringes intellectual property rights, or otherwise breaches these Terms and Conditions, Indi Rupee reserves the right to remove such content immediately without prior notice.
12.2 Users can report any such violations by contacting Indi Rupee at [official email address].
12.3 If any feedback, comments, or communications made on the website contain inappropriate language or violate our policies, Indi Rupee may take action, including but not limited to:
12.4 Indi Rupee reserves the right to assess the circumstances of a policy violation and take appropriate action at its sole discretion. Repeated violations may lead to termination of access to Indi Rupee’s services.
13.1 Users will receive important notifications regarding their transactions and account activity via their registered email or mobile number. These communications cannot be disabled.
13.2 Users may opt to receive or decline marketing and promotional updates from Indi Rupee, subject to their consent during account registration.
14.1 Users who have fully repaid their obligations may request the closure of their account by sending a formal request via email.
14.2 Indi Rupee retains the right to terminate any account if false information is provided, Terms of Use are violated, fraudulent activity is suspected, or if a confirmed report of the User’s demise is received.
14.3 Any activity harming the reputation of Indi Rupee or against its business interests may also result in account termination.
15.1 Indi Rupee may use User feedback to improve its platform and services without any restrictions.
15.2 Any modifications made based on feedback remain the sole property of Indi Rupee, with no claim of ownership or compensation granted to the User.
15.3 Users confirm that any feedback provided does not contain confidential or proprietary data and that they shall not claim compensation for it.
16.1 These Terms and Conditions are governed by and shall be interpreted according to the laws of India.
16.2 Any legal disputes shall be subject to the exclusive jurisdiction of the courts in Delhi, India.
17.1 In the event of a dispute, both parties shall attempt to reach an amicable resolution within 15 calendar days.
17.2 If no resolution is reached, the matter shall be referred to a sole arbitrator appointed by Indi Rupee. The arbitration shall be conducted in accordance with the Indian Arbitration and Conciliation Act, 1996, with proceedings held in Delhi in the English language.
18.1 Unless explicitly stated otherwise, Indi Rupee’s services and products are intended for use within India only.
18.2 Indi Rupee shall not be responsible for the use or availability of its services outside India.
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