Term & Conditions

Before proceeding with your interactions with DEVMUNI LEASING AND FINANCE LIMITED, please review the Terms and Conditions provided herein.

By clicking "I agree" or "I accept," or by downloading, installing, or using the services offered by the Company, you are indicating your acceptance of the terms and conditions outlined in this document. Should you not agree with these terms and conditions, please refrain from clicking "I agree," downloading, installing, or using the services. This agreement constitutes a legally binding contract between DEVMUNI LEASING AND FINANCE LIMITED and yourself.

DEFINITIONS:

In the context of this agreement:

The term "Application" refers to the mobile software developed by the Company, intended to provide end-users with access to financial services. "Lender" denotes a bank or non-banking financial company with which the Company has established a partnership. The lender is responsible for the approval, processing, and disbursement of loans to customers through the Company's platform. Welcome to DEVMUNI LEASING AND FINANCE LIMITED, a company based in Delhi established in 2013.

The term "loan" refers to financial assistance that users can apply for through the Platform. The loan is sanctioned and provided by the Lender, subject to specific terms and conditions outlined in the "Loan Agreement," which constitutes the agreement between the Lender and the customer, and may be available in physical or digital form. The "App" refers to the mobile application regularly provided to end-users.

The "outstanding amount" encompasses the total sum, including the principal loan amount, accrued interest, and any associated fees owed by the user to the Lender on the due date. The "Platform" encompasses both the mobile app and website provided by the Company. The "services" refer to the facilitation of short-term loans by the Lender through the Company's platform. "Third-party platforms" include social networking sites like LinkedIn and Facebook. "User data" refers to any information, documents, or materials provided by the user to the Company. Finally, the "Website" refers to the online platform operated by the Company.

SERVICES:

The services provided by the Company enable users to apply for loans if they meet the specified requirements within the app. By utilising these services, users acknowledge and agree that DEVMUNI LEASING AND FINANCE LIMITED is responsible for collecting, verifying, and validating user data necessary for loan approval. Users grant the Lender permission to allow the Company to collect and store their user data through the mobile application form available on the platform.

To access the services, users are required to register and log in through their third-party platform account. During the application process, users must submit and upload user information using the mobile app form, including personal details and financial information. By signing up for these services, users authorise the Company to import their personal information from other platforms. The Company may request updates on user information periodically to ensure accuracy and compliance.

Upon successful verification, users may become eligible for loan approval by the Lender, subject to specific eligibility criteria and conditions. Subsequently, users may be required to complete additional forms and provide documentation requested by the lender. Once all necessary documents have been collected, the lender will disburse the loan amount according to the terms outlined in the loan agreement.

It is the user's responsibility to repay the loan amount to the lender on the specified due date(s) indicated in the Mobile Application Form. Users acknowledge and agree that DEVMUNI LEASING AND FINANCE LIMITED retains the right to track their location while utilizing the services, even after discontinuing use. Users also consent to ongoing location tracking until all obligations, including repayment of outstanding amounts, are fulfilled.

Users are solely responsible for any actions taken using their user account, and DEVMUNI LEASING AND FINANCE LIMITED cannot be held liable for any consequences arising from such actions. Users agree to maintain the confidentiality of their user account and comply with all applicable laws and regulations.

LICENCE:

Users are granted a limited right to download, install, access, and use the app on their mobile devices, subject to compliance with these terms. The app is licensed to users, not sold, and may only be used in accordance with these terms.

RESTRICTIONS:

Users agree not to engage in fraudulent activities, misuse the platform for illegal purposes, or engage in behaviour that is harmful, threatening, abusive, harassing, or offensive. Additionally, users are prohibited from uploading prohibited content, distributing malicious software, or engaging in activities that disrupt or damage the platform or associated networks. Users must comply with all applicable laws and regulations.

CONTENT AVAILABLE:

DEVMUNI LEASING AND FINANCE LIMITED does not provide warranties regarding the content available on the platform. Users are solely responsible for any content they post or make available through the platform.

PROPRIETARY RIGHTS OF THE COMPANY:

By registering with DEVMUNI LEASING AND FINANCE LIMITED, users grant full rights, including intellectual property rights, to the content and platform. Users agree to respect and use any logos, service marks, or trademarks associated with the platform. Unauthorised use of such intellectual property may violate applicable laws.

LINKS TO THIRD-PARTY SITES:

The platform may contain links to external websites owned and operated by third parties. Users acknowledge that these third-party sites are independent of the platform and beyond DEVMUNI LEASING AND FINANCE LIMITED's control. The Company does not provide representations or warranties regarding the content of these sites.

Third-Party Advertisements:

The presence of third-party advertisements on the platform does not imply endorsement or recommendation by DEVMUNI LEASING AND FINANCE LIMITED. Users are encouraged to engage directly with advertisers for further information.

ANCILLARY SERVICES:

The platform may provide additional services, such as chat rooms and blogs, operated by DEVMUNI LEASING AND FINANCE LIMITED or third parties. Users must not use these services for illegal activities or violate the rights of others.

TERMINATION:

DEVMUNI LEASING AND FINANCE LIMITED reserves the right to terminate these terms under specific circumstances, including violations of these terms or legal obligations. Users are responsible for settling any outstanding amounts even after termination of the agreement.

Disclaimer of Warranties:

Users acknowledge and agree that the services and platform are provided on an "as is" basis, and DEVMUNI LEASING AND FINANCE LIMITED does not provide any express or implied warranties.

Indemnity:

Users agree to indemnify and hold harmless DEVMUNI LEASING AND FINANCE LIMITED from any third-party claims or demands arising from violations of these terms or misuse of the platform.

Limitations of Liability:

DEVMUNI LEASING AND FINANCE LIMITED shall not be liable for any damages arising from the use of the services or platform.

Force Majeure:

DEVMUNI LEASING AND FINANCE LIMITED shall not be liable for disruptions to the platform due to events beyond its control.

Cancellation & Refund Policy:

By using our Services, you agree to our Cancellation & Refund Policy. Please take a moment to familiarize yourself with the details below, outlining our commitment to fairness and customer-centric practices.

Pre-Disbursement Cancellation: In the event that the loan has been sanctioned but remains undispersed, cancellation is permissible. Cancellation After Disbursement: Should the applicant opt to rescind the service post-loan disbursement within a 24-hour window, repayment of the principal sum is mandatory. Refund of Excess Payments: Any surplus payments rendered will be promptly reimbursed within 5-7 business days following the reconciliation of loan repayment.

Privacy Policy:

DEVMUNI LEASING AND FINANCE LIMITED collects, shares, and processes personal information in accordance with its Privacy Policy.

Changes:

DEVMUNI LEASING AND FINANCE LIMITED reserves the right to update these terms at any time.

Choice of Law and Jurisdiction:

These terms shall be governed by the laws of India, and any disputes shall be resolved in the courts of Pune, Maharashtra.

Miscellaneous:

These terms constitute the entire agreement between the user and DEVMUNI LEASING AND FINANCE LIMITED. Users agree to abide by the terms and conditions outlined herein.

Referral Programme:

Participants in the referral programme agree to the terms and conditions outlined by DEVMUNI LEASING AND FINANCE LIMITED.