Terms & Conditions for Credit Information
Consent In Relation To Access To Credit Information Through Experian
This End User Agreement (the “Agreement”) is made between you
(the “User” or “You”) and
KGIL Fintech Solutions Private Limited (hereinafter referred to
as “KGIL Fintech Solutions Private Limited”), a Fintech Solutions company having
its registered office at Unit 1205, 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.
We store your Experian consent for a period of 6 months, after which it is
automatically revoked and you will be required to provide consent again.
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.
