Experian Terms and Conditions

This End User Agreement (the “Agreement”) is made between you (the “User” or “You”) and Poonawalla Fincorp Limited, a private limited company having its registered office at 201 and 202, 2nd floor, AP81, Koregaon Park Annex, Mundhwa, Pune, Maharashtra, India, 411036 (“PFL”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and PFL shall be collectively referred to as the “Parties” and individually as a “Party”.

YOU ARE HEREBY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE EXPERIAN CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW) (TOGETHER REFERRED AS “CREDIT INFORMATION”). YOU HEREBY ALSO CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PFL BY USING EXPERIAN TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN.

Terms and Conditions:

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PFL shall access your Credit Information as your authorized representative and PFL shall use the Credit Information for a limited Purpose consisting of and in relation to the services proposed to be availed by you from PFL. PFL shall not copy, reproduce, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein and in furtherance of CICRA.

The Parties agree to protect and keep confidential the Credit Information.

Governing Law and Jurisdiction

The relationship between you and PFL shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of Pune.

Definitions:

Capitalized terms used herein but not defined above shall have the following meanings:

1. “Business Day” means a day (other than a public holiday) on which banks are open for general business in Maharashtra.
2. “Credit Information Report” means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by Experian;
3. “Credit Score” means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
4. “CICRA” shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.