Terms and Conditions

1. Eligibility

1.1 The Services are strictly available only to natural persons who:

• are not less than eighteen (18) years of age;
• possess the legal capacity to contract under the Indian Contract Act, 1872; and
• are Indian residents holding valid government-issued identification and KYC documents.

1.2 Corporate entities engaging our IT and technology services must be duly incorporated and validly existing under the laws of India.

2. Use of Services

2.1 You shall utilize the Services solely for lawful purposes and strictly in accordance with applicable statutes, rules, regulations, circulars, and directives issued by the Reserve Bank of India (RBI) and other competent authorities.

2.2 You shall not, under any circumstances:

• provide false, inaccurate, or misleading information;
• engage in fraudulent, abusive, defamatory, or unlawful conduct;
• interfere with, impair, or attempt to circumvent any security feature of the Platform; or
• use the Services in any manner detrimental to Accredit, its lending partners, or other users.

3. Loan Facilitation Services (Nanokred)

3.1 Accredit is a technology facilitator. All lending is carried out exclusively by regulated Non-Banking Financial Companies (NBFCs) and financial institutions with whom we have formal arrangements.

3.2 If you apply for a loan through Nanokred:

• You expressly authorize Accredit and its lending partners to collect, verify, and process your personal, financial, and credit information for KYC, credit assessment, fraud detection, and regulatory compliance.
• Loan sanction, disbursement, repayment schedule, interest rates, penalties, and recovery measures shall be governed by the policies of the respective NBFC partner and applicable RBI regulations.
• Accredit shall not be liable for rejection of applications, non-disbursement, or adverse credit decisions made by lending partners.

4. IT & Technology Services

In the course of providing IT solutions, CRM development, and related technology services, Accredit may obtain and scrutinize certain corporate documents of clients. Such documents shall be used solely for project evaluation, compliance, and execution, and shall be safeguarded in accordance with the Digital Personal Data Protection Act, 2023 and the Information Technology Act, 2000.

5. Fees, Charges, and Payments

5.1 Any and all fees, charges, or consideration payable for availing Services shall be communicated transparently in advance.

5.2 By accepting these Terms, you undertake to honour all such financial obligations without demur. Accredit reserves the right to suspend or terminate access to Services for any default in payment.

6. Data Protection and Privacy

6.1 Accredit is committed to lawful processing of personal and financial information in accordance with the DPDP Act, 2023, the IT Act, 2000, and applicable RBI guidelines.

6.2 By availing the Services, you explicitly consent to:

• the collection, storage, and use of your data for purposes including but not limited to onboarding, KYC verification, credit risk evaluation, fraud prevention, and customer servicing;
• disclosure of such information to credit information companies, fraud prevention agencies, regulators, and our duly authorized partners.

6.3 Marketing communication shall be sent only upon your explicit opt-in consent, and you may withdraw such consent at any time.

7. Intellectual Property Rights

7.1 All intellectual property including trademarks, logos, software, content, and databases hosted on the Platform are proprietary to Accredit or its licensors.

7.2 No User acquires any right, title, or interest therein except a limited, non-transferable, non-exclusive right to access and use the Services strictly in accordance with these Terms.

8. Limitation of Liability

8.1 To the fullest extent permitted by law, Accredit shall not be liable for:

• any consequential, incidental, indirect, or punitive damages;
• losses arising from inaccurate information furnished by Users;
• unauthorized use, compromise, or disclosure of login credentials attributable to User negligence; or
• decisions taken by NBFC partners with respect to sanction, rejection, or recovery of loans.

8.2 Accredit's aggregate liability, if any, shall in no event exceed the actual fees paid by the User to Accredit for availing Services.

9. Termination and Suspension

9.1 Accredit reserves the absolute right to suspend or terminate access to Services, without prior notice, in the event of:

• breach of these Terms;
• fraudulent, illegal, or suspicious activities; or
• regulatory or operational exigencies.

9.2 Users may voluntarily discontinue use of Services by notifying Accredit in writing.

10. Governing Law and Jurisdiction

10.1 These Terms shall be construed and governed in accordance with the laws of India.

10.2 Subject to statutory provisions, the courts at Gautam Buddha Nagar shall have exclusive jurisdiction over disputes arising out of or in connection with these Terms.

11. Amendments

Accredit reserves the unilateral right to modify, vary, or amend these Terms at any time to reflect changes in law, regulatory guidance, or business requirements. Continued use of the Services post such amendments shall constitute your acceptance thereof.