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Finance Terms and Conditions:
1.
By filling this finance form on any of CarTrade Tech Limited’s (hereinafter referred as
“CarTrade”) websites such as CarTrade.com, Carwale.com, Bikewale.com and all other websites of
CarTrade’s subsidiaries, you hereby authorise CarTrade to obtain and share all details related
to you to third parties, including service providers, financial institutions, credit bureaus,
telecommunication companies, statutory bodies, etc. for availing the products and/or services of
CarTrade & CarTrade’s finance partners.
These terms and conditions may be read in conjunction with our website’s Privacy Policy.
However, these specific terms and conditions governing the use of our Finance Form will
supersede the Privacy Policy, wherever in conflict.
2.
By filling the form:
a.
You confirm that all the particulars and information provided by you in this
application are true, correct, complete and up-to-date in all respects.
b.
You agree and authorise CarTrade & CarTrade’s finance partners to contact you
and communicate with you over emails, telephonic calls or SMS on the mobile
number mentioned in the application, or through any other modes of communication
mode (herein after refer as “Communication Mode”) to verify the details provided
by you in this application or to process this application.
c.
You confirm that you would like to know via Communication Mode, offers and promotion
schemes relating to various products/services offered by CarTrade & CarTrade’s
finance partners, from time to time.
d.You further agree and confirm that laws in relation to the unsolicited
communication referred in the Do Not Call/ Do Not Disturb Registry (the DNC/ DND
Registry) as laid down by the Telecom Regulatory Authority of India will not be
applicable for such communication/calls/ SMS received from CarTrade & CarTrade’s
finance partners.
e.You authorize CarTrade & CarTrade’s finance partners to exchange and share all
information and details, related to you with third parties, including service
providers, financial institutions, credit bureaus, telecommunication companies,
statutory bodies, etc., for customer verification, personalization of products or
services, credit rating, data enrichment, marketing or promotion of services,
relating to CarTrade & CarTrade’s finance partners’s products or that of their
associates and affiliates or for enforcement of your obligations and agree
that CarTrade & CarTrade’s finance partners are not liable for using/sharing of the
information as stated above.
f.You understand and agree that pursuant to this application, you will be required
to submit documents to the satisfaction of CarTrade’s finance partners and will have
to accept the loan terms and conditions as prescribed by CarTrade’s finance partners
in relation to products and/or service applied by you.
g.You understand and acknowledge that CarTrade’s finance partners shall have the
absolute discretion, without assigning any reason, to reject your application and
that CarTrade & CarTrade’s finance partners shall not be responsible/liable in any
manner whatsoever for such rejection.
h.You understand and acknowledge that even if CarTrade’s finance partners have
approved your application online, they shall have the absolute discretion, without
assigning any reason, to reserve the right to reject your application
offline and that CarTrade & CarTrade’s finance partners shall not be
responsible/liable in any manner whatsoever for
such rejection.
i.You understand and acknowledge that even if CarTrade’s finance partners have
rejected your application online, they shall have the absolute discretion, without
assigning any reason, to approve your application offline and that CarTrade &
CarTrade’s finance partners shall not be responsible/liable in any manner
whatsoever.
j.You understand and acknowledge that your online approved loan amount can be
changed offline. CarTrade’s finance partners shall have the absolute discretion,
without assigning any reason, to reserve the right to change the eligible loan
amount and that CarTrade & CarTrade’s finance partners shall not be
responsible/liable in any manner whatsoever for such change in eligible loan amount.
k.You understand and acknowledge that if there is any impact on your credit rating
due to the use of our finance tool, CarTrade & CarTrade’s finance partners shall not
be responsible/liable in any manner whatsoever for such an impact on the credit
score.
l.You confirm that all the particulars filled in the application form by you are
true, correct, complete and up to date in all respects and you are not hiding any
material information.
m.You agree that funding amount and tenure will vary from vehicle to vehicle.
n.You agree that funding amount is subject to the LTV of the vehicle the
customer/borrower chooses.
o.You have agreed/consented that CarTrade & CarTrade’s finance partners have the
right to retain all the information pertaining to you including the photographs and
documents submitted by you with the Loan application and will not return the same to
you.
p.You understand that this finance tool is provided on best effort basis and
endeavours to give you an accurate eligibility decision and/or pre-approval amount.
However, CarTrade & CarTrade’s finance partners will not be liable for such any
inaccuracy in the eligibility decision and/or the pre-approved amounts.
q.You understand that this finance tool is provided on best effort basis and
endeavours to give you an accurate equated monthly instalment (EMI). However,
CarTrade & CarTrade’s finance partners will not be liable for such any inaccuracy in
the EMI amount.
r.
You understand that this finance tool is provided on best effort basis and
endeavours to give you the best possible offer/EMI and there is a possibility of
channel partners/brokers/dealers/bank/agents giving you a better offer.
s.
You agree that you or your relatives or friends or anyone on behalf of you cannot
sue/ file a complaint against the Site at any point of time under any law.
Notwithstanding, if any Customer or his relatives or his friends or anyone on behalf
of customer sue/file a complaint against the Site, in such case the liability of the
Site including its associated/subsidiary/ holding companies, will be limited to INR
5,000/- only.
These terms and conditions will also apply if a special scheme is offered to you by CarTrade &
CarTrade’s finance partners. The special scheme offered by CarTrade’s finance partners could be
only for customers visiting CarTrade’s websites. For such a case you understand that the above
terms and conditions mentioned will also be applicable.
3.
Security
a.
We use several processes to safeguard your information, to maintain our data
security and to prevent any unauthorized
access to your information. For this, we have deployed different physical,
electronic and business processes. The
safeguards we use are tailored towards to type and sensitivity of the information
that we collect, process and transmit,
as well as the present technological knowledge and progress.
b.
We have deployed several generally accepted industry standards, such as
firewalls, encryption, software development processes, traffic monitors,
automated tools, and others to protect any information residing with us or being
transmitted to us.
c.
Any third party service providers we use for processing payments, if any, are
validated as compliant with the payment
card industry standard (PCI compliant service providers).
d.Whilst we deploy our security measures and processes with utmost diligence, we do
not assume any liability or responsibility for disclosure of your information due to
any reason, such as unauthorized third-party access, transmission errors or others,
and you agree to disclaim us from any such liability.7. For any queries, complaints
or inquiries about the way we use or process the information provided by you or
about these terms and conditions, you may email our Grievance Officer or write to us
at the following address.
Grievance Officer:
Mr Akshay Shankar
Email: privacy@carwale.com
CarTrade Tech Limited
12th Floor,Vishwaroop IT Park,
S Pranavanandji Marg,
Sector 30A, Vashi,
Navi Mumbai, Maharashtra 400705
Consent Declaration:
I hereby give my unconditional and unequivocal consent/permission to CarTrade Tech Limited and/or its affiliates or subsidiaries or joint venture (collectively hereinafter referred to as “CarTrade Tech”) and to the Financial Institution(s) (defined herein below) to collect, store and share my personal and/or financial and/or any other information as provided by me in connection with the transaction related to products and services availed or shown interest by me from time to time, including but not limited to sale/purchase of vehicle, processing of loan application etc. (hereinafter individually and collectively referred to as “Transaction(s)”).
“Financial Institution(s)” shall mean and include such bank, financial institution or non-banking financial company (NBFCs) wherein the customer wishes to file his/her loan application to avail the financial products and services offered by such bank, financial institution or NBFCs and/or such bank, financial institution or NBFCs with whom CarTrade Tech shares the personal and/or financial and/or any other information of customer provided by the customer to CarTrade Tech for the processing of loan application of customer basis his/her consent.
I also hereby appoint CarTrade Tech and/or Financial Institution(s) as my authorized representative to receive my credit information from Experian/CIBIL/or any other agency certified in this regard (“Certified Agency”). I hereby provide my consent and request Certified Agency to provide my credit information to me and/or CarTrade Tech and/or Financial Institution(s) and hereby give my unconditional consent to the Certified Agency in this regard. This shall be deemed to be express consent by me to the Certified Agency.
I understand and agree that CarTrade Tech may share my information with third parties including but not limited to vendor, dealer, OEM, Financial Institution(s), channel partners (“Third Parties”) which are registered with CarTrade Tech in regard to respective Transaction(s).
I understand and agree that CarTrade Tech or Third Parties may contact me through email, messages, phone or any other means of communication available now or in future in connection with the Transaction(s).
I undertake that I will provide prompt support to CarTrade Tech for the provision of required documents or additional information or completion of formalities in connection with the respective Transaction(s).
I undertake that the information and documents provided by me are true, correct & genuine and I shall keep CarTrade Tech, Financial Institutions and Third Parties indemnified in this regard including but not limited to any mis-representation or false information, falsification of documents and/or forged documents provided by me.
I understand and agree that CarTrade Tech is merely an Intermediary/ facilitator which provides an online marketplace to its users and offers shown are indicative in nature which may vary from time to time depending on varied factors including but not limited to nature of the products and services and applicable terms and conditions as may be determined by Financial Institution(s).
In accordance with the Privacy Policy & Terms of Use, I understand that I have an option to Opt-out by contacting CarTrade Tech. I further understand that CarTrade Tech will not be responsible for the information or documents supplied by me and shared by CarTrade Tech with Financial Institution(s) and/or Third Parties prior to the date of choosing Opt-out option by me.
I have read, understood and accepted the applicable Privacy Policy (https://www.bikewale.com/privacy-policy/) and Terms of Use (https://www.bikewale.com/visitor-agreement/).
Experian Terms and Conditions:
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 CarTrade
Tech Limited, a public limited company having its registered office at 12th Floor Vishwaroop IT
Park, Sector 30A, Vashi, Navi Mumbai 400705 (“Car Trade – CarTrade Tech Limited”, “Us” or “We”,
which term shall include its successors and permitted assigns). The User and Car Trade –
CarTrade Tech Limited shall be collectively referred to as the “Parties” and individually as a
“Party”.
You hereby consent to CarTrade – CarTrade Tech Limited being appointed as your authorised
representative to receive your Credit Information on an ongoing basis until the purpose of
CarTrade internally evaluating the Credit Information as well as sharing the Credit
Information with CarTrade’s lending partners who are Credit Institutions under the CICRA Act,
personalized offers and products(“End Use Purpose”) is satisfied or expiry of 6 months from date
the consent is collected; whichever is earlier.
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 IRREVOCABLY AND
UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND CAR
TRADE–CARTRADE TECH LIMITED BY 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
Car Trade – CarTrade Tech Limited shall access
your Credit Information as your authorized representative and Car Trade – CarTrade Tech 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
Car Trade – CarTrade Tech Limited. We shall not aggregate, retain, store, copy,
reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any
other person
and the same cannot be copied or reproduced other than as agreed herein and in
furtherance to
applicable law including the CICRA.
The Parties agree to protect and keep confidential the Credit
Information both online and offline.
The Credit Information shared by you, or received on by us on your behalf shall
be destroyed, purged, erased immediately upon the completion of the transaction/ End Use
Purpose for which the Credit Information report was procured, this period not being
longer than 6 months.
Governing Law and Jurisdiction
The relationship between you and Car Trade – CarTrade Tech
Limited shall be governed by laws of India and all claims or disputes arising there
from shall be subject to the exclusive jurisdiction of the courts of Mumbai.
Definitions:
Capitalised terms used herein but not defined above shall 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
which shall be generated by Experian;
“Credit Score” means the score which
shall be mentioned on the Credit Information Report which shall be computed by Experian.
“CICRA” shall mean the Credit Information
Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006
and the Credit Information Companies Regulations, 2006, and shall include any other
rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED TERMS AND CONDITIONS AND CLICK ON “SUBMIT” FOLLOWED BY THE
LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS/ FOR SHARING OF YOUR CREDIT INFORMATION BY
EXPERIAN WITH CAR TRADE – CARTRADE TECH LIMITED IN ITS CAPACITY AS YOUR AUTHORISED
REPRESENTATIVE.
BY CLICKING ON "SUBMIT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT
HEREIN.