Terms & Condition

Your use of website, services and tools offered by the FairLending.in (Owned & Managed By STRIMAX CORPORATION) are governed by the following terms and conditions. The term and condition is a “legal contract” between the user and FairLending.in. It acknowledges that FairLending.in would not agree to provide the services without that assent.

General

These terms of use contains entire understanding between you and the FairLending.in. The Company shall have the right at any time to change or modify the terms and conditions applicable to Subscriber's use of the Site, or to impose new conditions, including but not limited to, adding fees and charges for use. Such changes, modifications, additions or deletions shall be effective immediately upon notice, which may be given by means such as posting on the Websites, or by electronic or conventional mail, or by any other means by which Subscriber obtains notice. Any use of the Site by Subscriber after such notice shall be deemed to constitute acceptance by Subscriber of such changes, modifications or additions. By visiting our site you are agreeing to be bound by the following terms and conditions. User needs to regularly check the terms and conditions.

Eligibility

You must be 21 years of age to visit the site or use FairLending.in services. (a) By using the FairLending.in services you represent that all information provided by you is correct and accurate. (b) Your use of service does not violate any law. (c)You are not using any of the services for personal benefit.

Services

In the Website, FairLending.in provides Users with access to data base of Investors and Borrowers. FairLending.in is only a platform that brings together Borrowers and Investors, it matches the need of Borrowers and Investors. FairLending.in in no manner indulges into either in borrowing or lending and is not a corporation that has any sort of license from the Reserve Bank of India to carry the business of lending in India. FairLending.in in no manner collects deposits from the lenders or person who would like to earn interest on their money by lending.

The services provided by FairLending.in ("Services") shall include:

  • The provision to you of the Website to browse the Website to facilitate a transaction of borrowing and lending between two such parties. FairLending.in neither lends nor borrows through the Website; and
  • FairLending.in customer support, enabling you to contact FairLending.in at info@fairlending.in with any queries that you may have in relation to the Services provided by FairLending.in.

Account Registration and Termination

To avail the services provided by us you need to register with us by creating an account and providing the relevant information. (Note-The information you provide that should be correct and accurate as that will be passed forward for the purpose of providing the requested services.) If the information provided by you is inaccurate, untrue we shall have the right to terminate your account and membership and may block your visit to the site. If FairLending.in finds the use of services by you hampers the reputation of company, your account will be terminated with immediate effect. The user can also opt out of the services and delete the account any time he/she wants to, but in any such case FairLending.in is not committed to provide any refund.

Registration as an Investor:

A corporate will be an Investor who satisfies the following criteria:

  • Company resident in India
  • Having valid documents
  • Having registered office in India
  • Has a valid bank account
  • Holds a valid pan card issued by Govt. of India.

An individual will be an Investor who satisfies the following criteria:

  • Indian resident
  • Above age of twenty one (21) years
  • Has an identity proof;
  • Has a valid bank account
  • Holds a valid pan card issued by Govt. of India

Documents that have to be uploaded by the Investors on the Website for verification:

Registration as a Borrower

A person falls under the category of a Borrower if he is an individual who satisfies the following criteria:

  • Indian resident
  • Above age of twenty one (21) years
  • Has an identity proof and address proof
  • Has income proof
  • Holds a valid pan card issued by Govt. of India
  • Has a valid saving bank account in India
  • Has a valid PAN card issued by Govt. of India

Documents that have to be uploaded by the Borrower on the Website for verification:

The Borrower is required to provide us with certain documents at the time of Account creation, which we reserve the right to have independently verify. Documents required to be submitted include but are not limited to:

  • PAN Card
  • Bank Account Statements of a Salary Account
  • Email verification
  • Salary Slip
  • Employment/Company details
  • Permanent and Current Address Proof
  • Highest Education certificate
  • Form 16
  • Income Tax Return

Fees

There is no charge or fee for browsing on the Website. FairLending.in may at its sole discretion introduce new services and modify some or all of the existing Services offered. In such an event FairLending.in reserves the right to introduce fees for the new Services offered or amend/introduce fees for existing Services, as the case may be. Changes to the Fee policies shall be posted on the Website and such changes shall automatically become effective immediately after they are posted on the Website. Unless otherwise stated, all fees shall be quoted in Indian Rupees and be payable to FairLending.in within such time as specified in the invoice. The processing fee may vary from one Loan to the other. FairLending.in allows free registration on its Website following which the User will create a Borrower/Investor Account.

  • Before the Loan disbursement, the Borrower is required to pay a processing fee + Applicable Taxes.
  • The Investor is required to pay a processing fee + Applicable Taxes

Forbidden Actions

The users must use the services for the purpose it is subscribed. Only the authorized person is allowed to use the services. The services must not be used for any commercial benefit, or any unlawful purpose.

Equipment

User shall be responsible for obtaining and maintaining all telephone, computer hardware and other equipment needed for access to and use of this Site and all charges related thereto. Fairlending.in shall not be liable for any damages to the End User's equipment resulting from the use of this Site.

No Guarantee

FairLending.in does not guarantee

  • That an Investor’s listing will be matched with any Borrower Loan request; or
  • That an Investor will receive a Loan request as a result of posting a listing; or
  • That an Investor’s money will be committed in a Borrower Loan as a result of his making an offer to a listed Borrower
  • That an Investor will receive any rate of return, or any minimum amount of principal or interest on any principal or interest at all;
  • Full or partial collection of money from the Borrowers.

Applicable Laws

Your use of this Site and any Term and Conditions stated in this policy is subject to laws of India.

Customer Support

Fairlending.in shall provide customer support limited to responding to questions/queries regarding the nature of the Services provided for but not limited to payment, refunds, functionality and feedback. If you have any questions regarding the same you can contact us at info@fairlending.in

Contact

If you have any questions about this Terms and Conditions or the Privacy Policy of Fairlending.in, you can contact us at info@fairlending.in