I appoint and allow FINCITY to access my credit information from Credit Information Companies in order to understand my creditworthiness and thereinafter provide personalized values which would help them generate the Credit Information Report, Credit Score and Credit Analysis (“Aggregates”) .
Information Collection, Use, Confidentiality, No-Disclosure and Data Purging
FINCITY can only access your Credit Information Aggregates as your authorized representative and shall use the Credit Information Aggregates for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information Aggregates to any other person and the same cannot be copied or reproduced other than as agreed herein.
The Parties acknowledge that the Credit Information Aggregates provided to FINCITY is solely the property of Experian and the consumer (as appropriate). We shall protect and keep confidential the Credit Information Aggregates both online and offline and use best in class security measures in line with applicable laws. The Credit Information Aggregates shared by You, or received on your behalf shall be destroyed, purged, erased or returned to Experian promptly either on the customer seeks FINCITY expressly to do so and/or seeks to revoke the consent OR if it is mandated or intimated by regulators. The relationship between you and the Parties 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 India.
You hereby consent to FINCITY being appointed as your authorised representative to receive your Credit Information from Experian for the purpose of evaluating the credit worthiness of consumers/customers for facilitating the provision of housing development finance for real estate developers, home loans and/or loans against property for the general public (“End Use Purpose”).
Capitalised terms used herein but not defined above shall have the following meanings:
“Credit Information” means the aggregates such as credit information report/ scores/ aggregates / variables / inferences which shall be generated by Experian;
“CICRA” shall mean the Credit Information Companies (Regulation) Act, 2005 read with related rules and regulations.
“Experian” shall mean Experian Credit Information Company of India Private Limited