Evate Technologies Private Limited
1st Floor, Unit 4, West Gate Manor, Basavanagudi
Bangalore – 560 004, Karnataka, India
Terms of Use
10th June 2023
Terms & Conditions
Evate Technologies Private Limited
(Hereinafter referred to as “Evate” or “Company”)
Registered Office:
93, R V Road, Unit 4, West Gate Manor, Basavanagudi,
Bengaluru, Karnataka 560038, India
Platform:
The terms and conditions outlined below govern your use of the Evate mobile application (“App”) and the website at www.evatetech.com (“Website”). Together, the App and Website are referred to as the “Platform.” By using this Platform, you acknowledge that you have read, understood, and agreed to abide by these Terms & Conditions. If you do not agree to all the terms and conditions, you may not access the Platform or use any services provided by Evate.
GENERAL:
Evate serves as a facilitator for loan transactions, connecting borrowers with Non-Banking Financial Companies (NBFCs) or Banks. Approval and sanctioning of loan applications occur exclusively through NBFCs/Banks registered with the Reserve Bank of India (RBI), with this information transparently communicated at the outset of the loan application process.
Our Platform establishes an online ecosystem, fostering connections between consumers, financial institutions, data partners, and other stakeholders engaged in lending and borrowing activities. Through the Platform, Evate’s lending partners provide a diverse range of personal loan products tailored to the specifications outlined by users.
SERVICES:
Evate provides a range of services, encompassing but not restricted to:
- Assisting Users with Electric Vehicle (EV) vehicle information:
Users can access comprehensive information related to Electric Vehicles (EV) through the Platform (web/App). - Facilitating Users in Obtaining Financial Products:
Evate aids users in securing various financial products offered by partner banks and non-banking financial companies, streamlining the application process. - Assisting Users in Obtaining Credit Reports:
Through authorized agents partnered with Evate, users can obtain their credit reports, contributing to a comprehensive financial overview.
By utilizing these services, users implicitly consent to the collection, storage, use, and transfer of their information, as elucidated in the Privacy Policy.
ELIGIBILITY:
To register on the Platform, users must be at least 21 years old and possess the legal capacity to enter into contracts in India. By completing the registration process, users confirm their acceptance of these Terms & Conditions. Evate retains the right to terminate the membership of any user found in violation of these terms.
ACCEPTANCE OF TERMS AND CONDITIONS:
Through the utilization of the Platform, users express their consent to abide by these Terms & Conditions, inclusive of any subsequent modifications. Evate retains the right to update these terms, with users receiving notifications regarding such changes. The continued use of the Platform following modifications signifies the user’s acceptance of the updated terms.
YOUR ACCOUNT:
Users must maintain an active account on the Platform. The confidentiality and security of their accounts fall under the users’ responsibility. Ensuring the provision of accurate information is essential, and any alterations to this information must be promptly communicated to Evate.
PRIVACY:
Evate collects user information to provide services, and this is governed by the Privacy Policy.
LICENSE AND ACCESS:
Users receive a restricted license for accessing and utilizing the Platform to avail services. Unauthorized access or modification is strictly prohibited.
MONITORING OF THE PLATFORM AND YOUR ACCOUNT:
Evate reserves all rights to monitor content on the Platform and may remove objectionable content. Users consent to such monitoring.
SERVICE SUSPENSION:
Evate may suspend or cease to provide services without liability or responsibility.
PROHIBITED USES:
Users are prohibited from utilizing the Platform for unlawful, harassing, or misleading purposes. Breach of these terms may lead to termination of use.
REFUND & CANCELLATION POLICY:
Additional payments made by users will be refunded within 45 days. A loan can be canceled during the free look up period as governed by the loan agreement.
LIMITATION OF LIABILITY AND DISCLAIMER OF WARRANTIES:
Evate absolves itself from liability for indirect damages. Users acknowledge that Evate does not assure the performance of third-party service providers or the accuracy of user-provided information.
INDEMNITY:
Users agree to indemnify and hold Evate harmless from claims arising from their use of the Platform.
ADVERTISERS/ THIRD PARTY LINKS:
Evate is not responsible for advertisements or content on linked websites or mobile applications.
ACKNOWLEDGEMENTS:
Users acknowledge that Evate is a platform connecting users and is not engaged in lending or borrowing money. Users are responsible for verifying information and conducting due diligence. Evate acts as a BC (Business Correspondent), DLAs (Digital Lending app which is defined as mobile and web-based applications with a user interface that facilitates digital lending services) and LSP (Loan service provider) for NBFCs and banks it partners with as per the agreement with the respective financial institutions.
APPLICABLE LAWS:
The use of the Platform and these Terms & Conditions are subject to the laws of India, and Bangalore courts have exclusive jurisdiction in case of disputes.
GRIEVANCES:
Users can file complaints or provide feedback by contacting Evate through the provided helpline or email.
LIST OF PARTNERS:
Onboarding Partners: Surepass, Cibil, Digitap, Experian
Lending Partners: RAR Fincare
By using the Platform, you agree to these Terms & Conditions.