The offer for availing a loan for purchase of vehicle/ product by you shall be subject to the following terms & conditions:
That:
You shall authorize and consent Mahindra &Mahindra Financial services Ltd (MMFSL) to obtain your personal information from Credit information Companies (CICs) to enable MMFSL to access and analyse your credit score for funding your Loan and this consent and authorization is unconditional and shall be used by MMFSL for the limited purpose of evaluating the credit worthiness for sanctioning a Loan by consenting the following:
• I/We authorize MMFSL to get a one-time access to my/our device camera & microphone for the purpose of onboarding and KYC verification.
• I/We do hereby give my free consent and authorize Mahindra & Mahindra Financial Services Ltd (MMFSL) to use my personal information to obtain my /our Credit Information Report and Credit Score from Credit information Companies (CICs) from for the purpose of determining my credit score, undertaking credit risk analysis to for considering lending to me /us for considering revising my credit limit and not for any other
purposes.
• I/we also state and confirm that CICs sharing my/our information to MMFSL, shall be in order and I/we shall not hold them responsible for sharing the information and further state that no person has induced me/us to provide my/our Consumer Credit Information.
• I /we shall not hold MMFSL responsible or liable for any loss, claim, liability, or damage of any kind resulting from any inaccuracy or error in the credit information provided by CICs and for any breach of confidentiality or privacy by CICs sharing of my/our Consumer Credit Information.
• I/we agree that I/we may be required to record my/our consent / provide instructions electronically and in all such cases I/we understand that by proceeding with the digital journey or by clicking on the terms checkbox & any other web link in the journey I/we am providing “written instructions” to MMFSL authorizing MMFSL to obtain my Consumer Credit Information from my/our personal credit profile from CIC(s).
• By accepting these terms and conditions, I/we understand that I/we am providing express written instructions for MMFSL to request and receive information about me/us from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I /we have an active MMFSL account and thereafter for the purpose of updating records.
• I / We consent to receive communications through telephonic calls, or SMS or WhatsApp on my mobile number given in the Application from MMFSL/ Third Party (acting on the directions of MMFSL) and confirm that laws in relation to the unsolicited communication referred in “National Do Not Call Registry”(the “NDNC Registry”) as laid down by TELECOM REGULATORY AUTHORITY OF INDIA shall be waived for such communication/calls/SMSs received.
• I/We authorize MMFSL to disclose information provided by me to its service providers to enable them to contact me for the purpose of the loan.
• Loan limit shall be solely determined in terms of the internal criteria of MMFSL, and it shall be at the sole discretion of MMFSL to sanction a Loan.
• I/we shall pay/remit documentation charges, loan processing fee upfront as stipulated by MMFSL before availing the Loan and submit all KYC documents, credit information, income and other details and execute all necessary Loan Agreements either in digital or physical form and I/we shall be bound by the terms and conditions of the Loan agreement.
• I/we accept receiving all communication from MMFSL that could be either through a digital mode including SMS, WhatsApp message to your registered mobile number or by an electronic mail or by a postal communication to your given address.
• Terms and Conditions of Loan may be amended and/or modified and/ from time to time due to any reason including due to any change in the market conditions and such revision, modification, amendment shall be displayed on the website of MMFSL and also shall be communicated through a digital mode and on such communication, customer is under obligation to abide by such amended terms.
• In addition to these Terms & Conditions, I/We agree to have read, understood & consented to the ‘Terms of Use’ & ‘Privacy Policy’ of MMFSL. I/We acknowledge that the same shall be subject to changes and I/We agree to keep myself/ ourselves updated with the same.
• These ‘Terms & Conditions’, ‘Terms of Use’ & ‘Privacy Policy shall be read and construed as part of the loan application.