Terms & Services
Aadhaar Verification Consent
Fingow Technologies Private Limited requires your consent to use your Aadhaar number for identity verification purposes as part of the loan application process. By providing your Aadhaar details, you authorize us to retrieve and use your Aadhaar information to validate your identity through the UIDAI system. This consent enables us to ensure the authenticity of your identity, facilitating a smoother and more secure loan application process.
PAN Verification Consent
Fingow Technologies Private Limited also requires your consent to use your PAN (Permanent Account Number) as part of our verification process. By sharing your PAN details, you permit us to verify your PAN information with the relevant tax authorities. This verification helps us in assessing your financial history and creditworthiness, essential for the loan application and approval process.
Terms and Conditions for Credit Bureau Verification Consent
By using Fingow Technologies Private Limited application, you consent to allow Fingow Technologies Private Limited to retrieve your credit information from credit bureaus, including but not limited to CIBIL, Equifax, Experian, and CRIF, for the purpose of creditworthiness assessment and verification. This consent enables Fingow Technologies to use your personal and financial information to conduct a comprehensive credit check, which may influence your credit score and loan application outcome. You acknowledge that this information is critical for evaluating your eligibility for financial products offered through our platform. This consent remains effective until explicitly revoked in writing by you.
Terms and Conditions for Loan Application Submission
Introduction Welcome to Fingow Technologies Private Limited, a premier corporate DSA committed to facilitating the loan application process for our esteemed clients. Our services are designed to bridge the gap between potential borrowers and financial institutions by providing a streamlined platform for loan application submission.
Scope of Services We offer to act as your agent in submitting loan applications to various banks and financial institutions (hereinafter referred to as "Lenders"). Our role is strictly limited to the submission of applications and provision of related advisory services. We do not guarantee loan approval, influence Lender decisions, or represent either party beyond the scope of application submission.
Client Acknowledgement By using our services, you, the Client, acknowledge that:
● The decision to grant or deny a loan request rests solely with the Lender.
● Fingow Technologies Private Limited does not assume any liability for Lender decisions, terms of the loan, or any subsequent agreements between you and the Lender.
● You are responsible for ensuring the accuracy and completeness of all information provided in the loan application.
Indemnification You agree to indemnify, defend, and hold harmless Fingow Technologies Private Limited and its affiliates, officers, agents, employees, and partners from any claim, demand, loss, liability, or expense, including reasonable attorney's fees, arising out of or in connection with:
● Your use of our services
● Violation of these Terms and Conditions
● Violation of any rights of a third party
● Any dispute or issue between you and any third party, including Lenders
Limitation of Liability In no event will Fingow Technologies Private Limited be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or in connection with your use of our services, any services provided by Lenders, or any actions or decisions made by you or Lenders based on the information provided through our services.
Privacy Policy Your privacy is paramount to us. This policy outlines how we collect, use, protect, and share information gathered about you in the course of using our services. We comply with all applicable privacy laws and regulations. Personal information collected is used strictly for processing your loan application and is shared with Lenders only with your consent. We employ robust security measures to protect your data from unauthorized access.
Governing Law These Terms and Conditions and any disputes arising out of or related to the services provided by Fingow Technologies Private Limited will be governed by and construed in accordance with the laws of the jurisdiction in which our company is registered, without giving effect to any choice or conflict of law provision or rule.
Dispute Resolution Any disputes related to these Terms and Conditions will be resolved through arbitration in accordance with the Arbitration and Conciliation Act of the jurisdiction. Both parties agree to submit to the exclusive jurisdiction of the arbitral tribunal for such purposes.
Amendments to Terms and Conditions We reserve the right to amend these terms at any time. All amendments will be posted on our website and effective immediately upon posting. Your continued use of our services following the posting of changes will constitute your acceptance of such changes.
Contact Us For any queries or concerns regarding these Terms and Conditions or our services, please contact us directly through our official communication channels.
Loan Agreement Terms & Conditions While Applying loan
Fingow Technologies Private Limited engages in facilitating loan applications and disbursements on behalf of its clients. The following Terms & Conditions Policy outlines the agreement between Fingow Technologies Private Limited (hereafter "the Company") and the borrower (hereafter "the Client"):
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Loan Application: The Client agrees to provide accurate and complete information required for loan application processing. The Company will act as an intermediary, submitting the application to financial institutions on the Client's behalf.
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Verification: The Client consents to verification checks including, but not limited to, Aadhaar and PAN verifications, as part of the loan application process.
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Approval and Disbursement: Loan approval and the amount are at the discretion of the financial institution. The Company does not guarantee loan approval or influence the decision-making process of the financial institutions.
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Repayment: The Client commits to adhering to the repayment schedule as agreed upon with the lending institution. Failure to comply with the repayment obligations may result in penalties or legal action as stipulated by the lender.
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Confidentiality: The Company assures confidentiality of the Client's personal and financial information, subject to legal requirements and consent provided for verification processes.
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Liability: The Company is not liable for any direct or indirect damages arising from the loan application process, approval, or repayment phases.
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Amendments: The Company reserves the right to update these Terms & Conditions as necessary. Clients will be notified of any significant changes.
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Governing Law: This agreement is governed by the laws of [Jurisdiction], and any disputes will be resolved in the courts of [Jurisdiction].
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Loan Terms: Before applying for a loan, please review the detailed loan terms below:
(1) Car Loans:
- Loan Amount: Rs. 10,00,000
- Tenure: 7 years
- Interest Rate: 10% per annum
- Monthly EMI: Approx. Rs. 16,601
- Total Payment: Rs. 13,94,499.46
(2) Gold Loans:
- Loan Amount: Rs. 3,00,000
- Tenure: 2 years
- Interest Rate: 10% per annum
- Monthly EMI: Approx. Rs. 13,843
- Total Payment: Rs. 3,32,243.47
(3) Mortgage Loan:
- Loan Amount: Rs. 10,00,000
- Tenure: 10 years
- Interest Rate: 10% per annum
- Monthly EMI: Approx. Rs. 13,215.07
- Total Payment: Rs. 15,85,808.84
(4) Home Loans:
- Loan Amount: Rs. 30,00,000
- Tenure: 30 years
- Interest Rate: 9% per annum
- Monthly EMI: Approx. Rs. 24,138.68
- Total Payment: Rs. 86,89,924.26
(5) Two-Wheeler Loan:
- Loan Amount: Rs. 1,00,000
- Tenure: 3 years
- Interest Rate: 14% per annum
- Processing Fee: 1.05% (Rs. 1,050)
- Adjusted Loan Amount: Rs. 98,950
- Monthly EMI: Rs. 3,417.76
- Total Payment: Rs. 1,23,039.47
(6) Education Loan:
- Loan Amount: Rs. 10,00,000
- Tenure: 3 years
- Interest Rate: 14% per annum
- Processing Fee: 1.05% (Rs. 10,500)
- Adjusted Loan Amount: Rs. 9,89,500
- Monthly EMI: Rs. 34,177.63
- Total Payment: Rs. 12,30,394.67
(7) Business Loan:
- Loan Amount: Rs. 10,00,000
- Tenure: 10 years
- Interest Rate: 11% per annum
- Processing Fee: 1.05% (Rs. 10,500)
- Adjusted Loan Amount: Rs. 9,89,500
- Monthly EMI: Rs. 13,775.00
- Total Payment: Rs. 16,53,000.14
This policy serves to protect both the Client and the Company, ensuring a transparent and efficient loan application process. Clients are advised to read these terms carefully and seek clarification if needed before agreeing to them.
Privacy Policy
At Fingow Technologies Private Limited, we are committed to protecting your privacy. This Privacy Policy outlines how we collect, use, disclose, and safeguard your personal information, including your Aadhaar and PAN details. We collect personal information to process your loan applications efficiently and to comply with regulatory requirements.
Your personal information is used strictly for processing your loan application, conducting necessary verifications, and for internal analysis to serve you better. We do not share your personal information with third parties, except as required by law or with your explicit consent.
We implement robust security measures to protect your personal information from unauthorized access or disclosure. However, it is also your responsibility to ensure that your personal information is accurate and to keep your login credentials confidential.
For any concerns or queries regarding your personal information, you can contact our customer support team.
By using our services, you agree to the collection and use of your information in accordance with this Privacy Policy. We reserve the right to update our Privacy Policy from time to time. Any changes will be communicated through our website or directly to you as required.
WHILE SIGNUP
Upon signing up on the Fingow application, users agree to provide truthful and complete personal and financial information as required for service registration and utilization. Users consent to the collection, processing, and storage of their data in accordance with Fingow's Privacy Policy. This includes consent for Fingow to conduct credit checks and share data with credit bureaus and financial institutions for the purpose of credit evaluation and fraud prevention. Users commit to maintaining the security of their account credentials and to use the application responsibly, abiding by all applicable laws and regulations. Violation of these terms may result in account suspension or termination.
Lender Information
Lender Name: Fingow Technologies Private Limited
Phone no:
Email: fingowtechnologies@gmail.com
Address: No. L102 ARG City Jaipur Road Ajmer - 305001
Lending License Information
License Number: Z80250060
Issued By: Punjab & Sind Bank(Government of India Undertaking) Zone-Jaipur
Issued Date: 02-June-2023