LOAN/CREDIT CARD APPLICATION TERMS AND CONDITIONS

By submitting this application for Loan/Credit Card as applicable, I hereby expressly agree to be bound by Terms of Use, Privacy policy of the Platform (defined hereinafter) and following terms and conditions:

 

  1. I acknowledge that Bajaj Finserv Direct Limited [“BFDL”] vide its proprietary Bajaj Markets Website/Mobile Applications [hereinafter referred to as “Platform”] is a digital platform, engaged by its Partners (i.e. Banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies (HFC) and Financial institutions, governed by RBI/NHB), to provide services of customer acquisition, preliminary credit support activities, fulfilment services and post-acquisition services as applicable and governed by service agreement with these Partners.  

  2. BFDL is also a Corporate Agent (Composite) registered under IRDAI regulations to solicit and service insurance products.  

  3. I understand that I would be required to share and submit personal identifiable information and sensitive personal information [collectively referred as “Personal information”] on the Platform in connection with my loan/credit card application, as applicable and that, use and processing of my Personal Information shall be governed by the Privacy policy of this Platform.

  4. I affirm that all information provided by me are correct, complete, and up-to-date and no information as required to process my loan/credit card application has been withheld. I will keep BFDL informed of any change in the information provided by me.

  5. I authorize BFDL to share my information with its respective Partners in connection with my loan/credit card application and with other business associates offering value-added services including but not limited to insurance partners. Further, I consent that I may be contacted by BFDL, its Partners, business associates vide email, SMS, phone call, WhatsApp or any other mode of communication as provided/available in relation with my loan/credit card application and other value-added services.

  6. I authorize BFDL and its Partners to share all information provided by me or obtained as a result of my loan/credit card application on the Platform, including but not limited to KYC documents, my existing loans, repayment history, declared income details for verification purposes with other third parties including but not limited to, service providers, banks, financial institutions, credit bureaus, statutory bodies, or any other party as they deem necessary. I shall not hold BFDL, its affiliates, group companies or its Partners liable for use/sharing of the information as mentioned above.

  7. I confirm that I have read the information on various loan/credit card products, including MITC (Most Important Terms and Conditions), applicable fees and changes, if any and as available on this Platform. I acknowledge that I may be required to accept the terms of loan/credit card vide a legally binding agreement while making a loan/credit card application on the Platform, however I understand and accept that the loan/credit card application is subject to credit approval and may be approved/rejected and/or sanction of loan granted to me is the sole decision of the Partners of BFDL even after my acceptance of terms of the loan/credit card agreement. BFDL holds no warranty and does not make any representation or commitment of approval/rejection of my loan/credit card application or the sanction of loans or a commitment/guarantee of loans/credit card issuance on the Platform.

  8. I understand that my loan application may be rejected by a Partner of BFDL, without specifically assigning a reason to reject the loan application. BFDL or the Partners will have no warranty or liability for such rejections.

  9. I acknowledge that the credit limit of the credit card issued shall be absolute discretion of the Partners and I may not always receive my indicated choice of credit card. 

  10. Rates shown are minimum available and may vary depending on my personal circumstances, loan amount and partner’s approval criteria. EMI calculators are provided on the Platform are only as self-help planning tools. Results depend on many factors, including the assumptions I provide. BFDL does not guarantee its accuracy or applicability to my loan application.

  11. I acknowledge that based on my previous relationship with BFDL or its Partners, I may be shown Pre-qualified/Pre-approved offer for loan/credit card from time to time, however no Pre-qualified/Pre-approved offer shall constitute any commitment/guarantee of loan/credit card to me. All loan application/credit card application shall be evaluated at the point in time by the Partner and may be approved/rejected at the sole discretion of the Partner.

  12. Any decision to apply for a loan/credit card is solely at my own risk and will hold BFDL harmless for any loss or damage that I may suffer, whether directly or indirectly. Display of loan/credit card products of various Partners on the Platform does not in any way imply, or constitute any endorsement, recommendation, advice or approval from BFDL in favour/against the Partners and/or their products.

  13. I hereby consent and authorize BFDL, to receive communications in relation to customized recommendations, promotional offers, information on various other products and services available on this Platform by BFDL via email, SMS, WhatsApp, phone call, App notifications or any other means of communication even if I have registered my number under NCPR or any other registry prescribed by Telecom Regulatory Authority of India (TRAI) from time to time.

 

BFDL/Journey T&C/Loan & CC/Dec -2022/Ver. 2.0

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