Terms of Use

 

This mobile app “FinMapp” and the website “FinMapp.com” is owned, operated and maintained by Fininfinity Technologies Pvt Ltd a private limited company registered under The Companies Act 2013 with registration number U74999DL2020PTC374177, hereinafter referred to as “company”/”FinMapp” or “us” or “our” or “we” or “Company”)  . 

 

These Terms of Use (“Agreement”) form a legal agreement covering the provision of services (“service” or “services”) provided by and  between the company and the user, hereinafter referred to as “user”/” customer”, “you”, “your”. The user is hereby advised to read the Terms of use and related documents which includes Terms and Conditions, Privacy Policy and Disclaimer before using the App/website. By continuing the use of the app/website the user agrees to all the terms mentioned in the terms of use and related documents and agrees to bind by those. 

 

Users are further advised to visit these Terms of Use and related documents frequently to be aware about the changes, addition, deletion or modifications, in the Terms of use and related documents.

This document/agreement/understanding is a computer-generated electronic record published in terms of Rule 3 of the Information Technology (Intermediaries Guidelines) Rules, 2011 read with Information Technology Act, 2000 and does not require any physical or digital signatures.

 

Definitions

 

• App: App means “FinMapp” mobile app.
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• Website: website means www.FinMapp.com

• User: User means user of the App and/or the website, who has downloaded the app and/or visited the website for exploring product offering or/and get information about various products offered it is irrespective of the fact that the user has bought any product, using the app/website, or not.

• KYC: means all requirements pertaining to “Know your Customer” Norms prescribed/ mandated by the prescribed by regulatory authorities from time to time, to identify and verify its user/ customer.

• Regulatory Authority : Means regulatory bodies monitoring / regulating various products offered on the app and includes a body that normally regulates the business in India under which the company operates.  

• “Laws” means all laws prevailing in India. 

• “Terms of Use” shall mean these terms and conditions set out herein regarding the use of the App/Website by the User.

• “Terms and Conditions” shall mean the product specific terms and conditions which are set out in the relevant product section.

• “Privacy Policy” means the Privacy Policy published on the App/website.

Copyright and Intellectual Property Right Content:

Intellectual Property: Third Party Links. In addition to making Products available, this App / Website also offers information and marketing materials. This App / Website also offers information, both directly and through indirect links to third-party App / Websites, about various financial products, their features, cost, risk associated etc. FinMapp does not always create the information offered on this App / Website; instead, the information is often gathered from other sources. To the extent that FinMapp does create the content on this App / Website, such content is protected by intellectual property laws of India, foreign nations, and international bodies. Unauthorized use of the material may violate copyright, trademark, and/or other laws. You acknowledge that your use of the content on this App / Website is for personal, noncommercial use. Any links to third-party App / Websites are provided solely as a convenience to you. FinMapp does not endorse the contents on any such third-party App / Websites. FinMapp is not responsible for the content of or any damage that may result from your access to or reliance on these third-party App / Websites. If you link to third-party App / Websites, you do so at your own risk. 

 

• Use of App / Website:  FinMapp is not responsible for any damages resulting from use of this App / Website by anyone. You will not use the App / Website for illegal purposes. You will (1) abide by all applicable local, state, national, and international laws and regulations in your use of the App / Website (including laws regarding intellectual property), (2) not interfere with or disrupt the use and enjoyment of the App / Website by other users, (3) not resell material on the App / Website until given a written consent to do so, (4) not engage, directly or indirectly, in transmission of “spam”, chain letters, junk mail or any other type of unsolicited communication, and (5) not defame, harass, abuse, or disrupt other users of the App / Website
• License. By using this App / Website, you are granted a limited, non-exclusive, non-transferable right to use the content and materials on the App / Website in connection with your normal, noncommercial, use of the App / Website. You may not copy, reproduce, transmit, distribute, or create derivative works of such content or information without express written authorization from FinMapp or the applicable third party (if third party content is at issue).
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Products and Offerings

The company, through its mobile App / website offers various financial products like Loans, Credit Cards, Insurance, Mutual Funds etc. Not all the products are owned by the company. Information and products offered in the App and the websites are for intended users only and are only for his/her personal and non-commercial use. Use of the App/ website for any other purpose shall be considered inappropriate and shall be liable to legal action. By providing his/her personal information like mobile no and e-mail id the user agrees and authorizes the company to share his/her information with its partner companies to contact him/her, via email, SMS, call, WhatsApp, social media etc, to elaborate their product offering, features, offers etc. 

 

Free Credit Score: The company has collaborated with CRIF High Mark for providing credit reports of the consumer. By providing required information the consumer agrees to below terms

In connection with submission of the application for my credit information (“Consumer Credit Information”) offered by CRIF High Mark (“CIC”)  through Fininfinity Technologies Pvt Ltd “FinMapp” (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following: 

1. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from CIC on my behalf and use it in the manner consistent with the Agreement entered into between the Company and CIC, and the Company has granted its consent for being appointed for the aforesaid purpose.

2. I grant my unconditional consent to the Company to receive the Consumer Credit Information from CIC on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and CIC, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and CIC understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.  

3. I hereby expressly grant unconditional consent to, and direct, CIC to deliver and / or transfer my Consumer Credit Information to the Company on my behalf. 

4. I shall not hold CIC  responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information  to the Company; (b) any use, modification or disclosure by the Company  of the contents, in whole or in part, of my Consumer Credit Information, whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information  to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and CIC 

5. I acknowledge and accept that: (a) CIC has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between CIC and the Company is solely the responsibility of the Company.

6. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the “I Accept” button below, I am providing “written instructions” to Company authorizing Company to obtain my Consumer Credit Information from my personal credit profile from CRIF High Mark. I further authorize the Company to obtain such information solely to confirm my identity and display my Consumer Credit Information to me.  Further in all such cases by checking this box and clicking on the Authorize button, I agree to the terms and conditions, acknowledge receipt of CIC privacy policy and agree to its terms, and confirm my authorization for the Company to obtain my Consumer Credit Information.

7. I understand that in order to deliver the product to me, I hereby authorize the Company, to obtain my Consumer Credit Information from CIC. 

8. By submitting this registration form, I understand that I am providing express written instructions for Company to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Company account. I further authorize the Company to retain a copy of my information for use in accordance with Company’s Terms of Use and Privacy Policy.

9. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND CIC EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. 

10. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge CIC, its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information   and / or my decision to provide CIC with the authority to deliver my Consumer Credit Information  to the Company. I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against CIC L by third parties arising from and in connection with this letter.

11. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. CIC is entitled to assign its rights hereunder to any third person without taking my prior written consent.  

Loans:

The company has collaborated with several banks, FI, NBFC to offer their loan products through its app. the customer understand that approval and disbursement of loan is governed by internal policies of the lander and the company has no control/influence on the same and this is lander’s discretionary right to accept or reject any application at any point, hence the company does not promise that the every applicant will get the loan as applied by him.

 

Credit Cards: 

The company offers several credit cards on its app. Credit cards are issued by various banks and financial institutions. Credit card companies possess discretionary right to accept or reject any application. The company has no control over evaluation of application, issuance, delivery of cards and various charges associated with the issuance or/and use of the card. The customer is advised to visit the credit card provider’s website to read the card’s full features, benefits, charges and other terms & conditions. 

 

Insurance:

The company is a Corporate Agent as approved by IRDAI vide license no……………. valid till …………………. . The company sells insurance products of the following insurers 

ICICI Prudential Life Insurance SBI Life PNB Metlife

ICICI Lombard General Insurance HDFC Ergo General Insurance ACCO General Insurance

Insurance policy is generally issued as soon as the insurance premium is paid, however, in few cases where Tele Medication is required the policy is issued only after successful completion of Tele medication. In case the insurer refuses to issue the policy post tele medication the premium paid shall be refunded by the Insurance company within….. days after deducting the cost of such tele medication, if any. 

 

Refund Policy: Premium once pay may or may not be refunded. Refund of premium paid is governed by the policy of the insurer to whom the premium is paid, FinMapp has no control over the same. The premium may be refunded only on special circumstances as approved by the insurance company. The refund shall be made by cheque or by direct bank transfer or by reversing the original mode of payment as per the policy of the relevant insurer.  

 

Cancellation: Cancellation of insurance policy is governed by the cancellation policy as laid down by the insurance company as chosen by the customer for his insurance cover.

Insurance is the subject matter of solicitation.

 

Mutual Fund

The company is a Registered Corporate Agent with AMFI has registration no as ARN – 175359 having validity period from 18/02/21 to 17/02/2024. The company sells a mutual fund scheme as offered by the AMC with no modifications. Amount invested in Mutual Fund is invested by the AMC as per the Scheme Information Document, the invested is advised to read SID and KIM (Key Information Memorandum) of the relevant scheme before investing to know about the asset allocation, Risk Factors Associated with the scheme, charges and redemption/ Liquidity provisions. 

Statutory Warning; – “Mutual fund investments are subject to market risks, read the offer document carefully before investing.”

 

D.Mat A/c

The company is associated with Angel Broking for the opening of DeMat account. The user is advised to visit 

 

Research calls / Stock Recommendations 

The company has collaborated with Angel Broking to provide periodical stock to trade/invest. The user understands and acknowledges that investment in a stock solely depends upon the risk profile of the customer. Neither the company nor Angel Broking/Angel One shall be responsible for any loss incurred to the customer by the reason of trading/investment in stocks recommended by the FinMapp app. 

 

User Declaration

User declares and acknowledges that

• He/she has attained the legal age to enter into a binding contract, as required by the applicable law(s), before using this app/website.
• He/she has read all the terms of use and related documents and agrees to those and further agrees to be bound by the same.
• Ensures to keep his/her login information personal and safe. The user further undertakes to keep the company harmless in case of any unauthorized access to the user account because of his fault in keeping his login details safe. 
• Information provided by the user is true and updated in all respects and is aware that any false information shall have legal consequences besides suspension of the account. 
• Is aware that information, logo, design etc. available on the website are the property of the company/ respective owners and the user has been granted limited access for his/her personal and non-commercial use.
• This right to use does not include the right to download, modify, reverse engineer any content, code, image, logo etc from the website. Any attempt to use any content, code, image, logo etc for any purpose, without the written permission of the company shall be liable to legal action. 
• The company may share user’s information with its partner organization for the purpose of evaluation/verification of user profile and also for the purpose of marketing and promotional purposes. 
• By login to and creating an account and by sharing your personal information you hereby agree that you are interested in the product(s) offered on the App/website and want to receive communication, oral/written in electronic and/or physical form, regarding the same to understand product features and/or receiving latest offerings. 
• By using the app/website and/or exploring products offered therein you allow us to share your information with our partners to approach you regarding the product you are interested in, and to share communication oral/written regarding the product whether electronically and/or physically.
• For verification of your identity the company may share your personal data with partner / govt organizations.

Disclaimer and Warranties

User understands and agrees that he/she is using this app at his/her sole risk. 

FinMapp will not be liable for any direct, indirect, incidental, special or consequential damages in connection with this agreement or the products in any manner, including liabilities resulting from (1) the use or the inability to use the app / website content or products; (2) any products purchased or obtained or transactions entered into through the app / website or on any third-party app/website by following link provided in the app/website; or (4) any lost profits you allege.

Besides making all attempts to make the information/links to third party platforms accurate, reliable, complete and updated, FinMapp does not claim that all the information/links/logos etc used in the app/website are accurate, reliable, complete and updated in all respects.  Thus, the company does not claim any liability for loss incurred to any customer due to change in terms and conditions, features, charges of any product purchased through the FinMapp app. the customer is advised to verify information provided on the app/website with the original product website.

 

Force Majeure

FinMapp shall be liable for losses, delays, failures, errors, interruptions or losses of data in its performance of its obligations under this Agreement if and to the extent it is caused, directly or indirectly, by reason of circumstances beyond their reasonable control, including without limitation, acts of God, action or inaction of civil or military authority, war, terrorism, riot, fire, flood, sabotage, labor disputes, elements of nature, change in govt policies or non-performance by a third party. In any such event, the company shall be excused from any further performance and observance of obligations so affected only for so long as such circumstances prevail and such party continues to use commercially reasonable efforts to recommence performance or observance as soon as practicable.

 

Severability

If, by any reason whatsoever, any clause(s) of this document stands inoperative/invalid/illegal, temporarily or permanently, only said clause/clauses shall become inoperative/invalid/illegal, all other clause(s) shall remain enforceable/valid with or without modification in the interpretation of said valid clause(s). 

 

Waiver Assignment 

You are aware and agree that the company can transfer, temporarily or permanently, assign any right or obligation arising from this agreement, with or without prior notice, to any third person.

 

Dispute Resolution and Applicable Law

Any dispute arising out of or in connection with this document/ agreement shall be adjudicated by a Sole Arbitrator in accordance with the Arbitration and Conciliation Act, 1996, as amended, applying applicable Indian laws. The seat and venue of such arbitration shall be New Delhi. All proceedings of such arbitration, including, without limitation, any awards, shall be in the English language. The award shall be final and binding on the Parties.

 

Survival

In the event of termination of this agreement, some provisions of this agreement shall continue to be binding upon the parties who have entered in the agreement at any time. Clauses related to Copyright and Intellectual Property Right, User Declaration, Disclaimer and Warranties, Force Majeure, Dispute Resolution and Applicable Law. Termination of this agreement has no impact over liabilities arising out of acts already performed before termination.

Complains and Support

In case the user wants to file a complaint and seeking any support to use the app / website he/she can contact us at:-

Fininfinity Technologies Pvt Ltd

206 , 2 nd floor , Tower B, Millenium Plaza ,Sector 27 , Gurgaon , Haryana – 122009

Email:- support@www.finmapp.com