The selection of Customers for the purpose of the said personal loan is as per the sole discretion of the respective Lending Partner and/or TranServ.
TranServ merely acts as a marketing partner for distribution of financial products of the respective Lending Partner. TranServ further provides a technology platform for facilitating application, disbursement, collection and information dissemination related to such financial products. TranServ will have no liability with respect to the acts, omissions, errors, representations, warranties, breaches or negligence of the Lending Partner or for any personal injuries, death, property damage, or other damages or losses or expenses resulting from the Customer’s interactions with the Lending Partners.
Customer understands and agrees that by applying for the personal loan, he/she authorises TranServ to share his/her Personal Information (name, address, mobile phone number, e-mail address, KYC details, date of birth and any such information available with TranServ) with the respective Lending Partner for the purpose of evaluating the application for personal loan and/or operating the personal loan during its tenor.
Such a personal loan will be governed by the terms of usage of the respective Lending Partner. https://www.incred.com/terms-and-conditions-pl.html.
Such an amount will be credited to Customer’s Udio Wallet and can be strictly utilised only for the purchase of goods and services as enabled through the Udio wallet and/or Udio Card and as per the prevailing terms of usage of the personal loan. Please note that such a loan amount is not permitted for transferring to a bank account unless stated otherwise in writing.
TranServ also acts as a facilitator for the Customer to digitally make EMI and any such payments for the purpose of the repayment of the personal loan availed from the Lending Partner. Customer acknowledges that the amount collected by TranServ is solely on behalf of the Lending Partner and TranServ shall transfer such amount collected from the Customer to the respective Lending Partner.
The Lending Partner is further permitted to contact the Customer directly for any matters related to the personal loan availed by the Customer.
Customer agrees that all fees and charges associated with the personal loan are levied at the sole discretion of the Lending Partner.
In case of any delay or default in the repayment of loan, Customer hereby gives TranServ his/her consent to deduct the amount payable from the balance available in his/her Udio wallet.
- For any grievance and dispute related to the personal loan, TranServ will provide an interface for capturing information regarding such cases. TranServ will further facilitate resolution of such cases by liaising with the representatives of respective Lending Partner. Customers acknowledge that TranServ is merely a facilitator and will not be responsible for providing resolution to Customers.
- Customer acknowledges that
- TranServ is not engaged in either grant of personal loan or any type of credit facility nor does it guarantee any loan on behalf of any Lending Partners.
- Customer interaction with the Lending Partner accessed through any interface provided by TranServ is at Customer’s own risk, and the application and use of such a personal loan is purely voluntary.
- TranServ in no manner guarantees that the information provided by the Lending Partner is true and correct and that it is Customers responsibility to verify the information about Lending Partner.
- The grant of personal loan by the Lending Partner is subject to Customer fulfilling the eligibility criteria as the Lending Partners may deem fit.
- TranServ will not be responsible for any decisions made by the Lending Partner with respect to the application, disbursement, collection or any other aspects related to the personal loan availed by the Customer. TranServ in no manner warrants or guarantees performance of the Lending Partner that is providing personal loan/financial products using TranServ’s distribution and technology services.
- TranServ shall not he held liable for any delay, rejection or approval of any loan application made by the Customer using TranServ’s interface.
- Display of loan or other financial products offered by Lending Partner, does not in any way imply, suggest, or constitute any sponsorship, recommendation, opinion, advice or approval of TranServ for such Lending Partners or their products.
- TranServ is in no manner responsible for any claims, losses or damages by the Customer related to personal loan offered by the Lending Partner.
TranServ reserves the right at any time, at our sole discretion, to change or otherwise modify the Terms of this offer without prior notice to Customer and continued use of this offer signifies Customer’s acceptance of the updated or modified Terms.
Any disputes arising out of this offer shall be subject to the exclusive jurisdiction of competent courts in the city of Mumbai (India) irrespective of whether Courts in other areas have concurrent jurisdiction.
Lender Name: VISU LEASING AND FINANCE PRIVATE LIMITED (Hereinafter referred to as “InCred”, and shall include its subsidiary, affiliates, successors, executors, administrators and assigns)
Disclaimer and Terms & Conditions of the Loan:
I agree that I may be solicited for insurance by the InCred on behalf of its partner insurance company or by an insurance company whom the InCred may refer me/ us to. If I apply for insurance with any insurance company, then that would be as per the Terms and Conditions of such insurance company and the InCred will not be responsible in any way for the same. I also acknowledge that there is no linkage between the loan and any insurance product solicited/ referred by the InCred and, also, it is not compulsory for me/ us to take such insurance policy/ product to avail the loan.
I hereby declare that all the particulars, information and details given/filled in this Application Form or digital format of application form or other documents are true, correct, complete and up-to date in all respects and no information has been withheld and shall form part and parcel of this application form. At Any any stage of the processing of this application it comes to the knowledge of InCred that, I have not abide terms and conditions of the Loan then InCred shall have the right to forthwith reject this loan application, cancel / revoke any sanction or recall any loan granted by InCred at any stage of processing the application, without assigning any reason whatsoever.
I hereby agree and acknowledge that:
Other Terms and conditions: