Terms of Use

This document is an electronic record in terms of the Information Technology Act, 2000 and rules made thereunder as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures.

This document defines ARTH’s reservation on all the rights under intellectual property law on the Website and in any content that is on the Website or in the Services. Website www.arthimpact.in is owned and operated by Arthimpact Digital Loans Private Limited, a Private Limited company incorporated under the provisions of the Companies Act, 2013 having Corporate Identification Number U65921MH1996PTC311634 and having its office at 210, The Empire Business Centre, 414, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, India. These Terms of Use forming part of the declaration shall constitute a valid and binding legal agreement between ARTH and yourself, The User. You are requested to read these Terms of Use before Registering, Accessing, browsing, downloading or using anything from the Website.

Ownership

“ARTH” reserves all rights under intellectual property law on the Website and in any content that is on the Website or in the Services. Except as we may expressly state in writing, you shall not reproduce, reprint, publish, or otherwise exploit content or technology from the Website. Republishing any content or technology from the website would attract penal provisions against the individual and/or the entity.

User’s Acceptance

• The User agrees to authorize ARTH to retrieve and verify information including personal information, documents etc. submitted by the User or any other information procured by ARTH for the application of loan, credit, insurance, or other financial services.
• The User authorizes ARTH to exchange/disclose all or any information relating to the User as well as other information such as loan application, defaults, security, etc. with Reserve Bank of India and/or any other agency authorized by Reserve Bank of India, credit bureau, affiliates, rating agencies, other banks, financial institutions, or any regulatory, supervisory or other authority, court of law, tribunal, in India or any other jurisdiction, where such disclosure is required by law, regulation, judgment or order of court or order of any tribunal, any third parties, any assignees/potential assignees, or transferees, who may process and publish the information in manner through mediums as it may be deemed necessary.
• The User authorizes ARTH to share the customer’s Data with any co-lending partner of ARTH for the following purposes:
  • Collection, storage, preservation, analysis, publishing, and dissemination, at any time, of all the customer Data, as the case may be;
  • Verification or authentication of customer Data, making related enquiries on the basis of the customer Data for the purpose of assessing eligibility for loan and/or value-added services opted/availed by users from/through ARTH and any co-lender; and
• The submission of a loan application does not imply automatic approval and ARTH at its sole and absolute discretion may either sanction or reject the application for granting a loan, credit, insurance, or other financial services. In case of rejection, ARTH is not under any legal obligation to mandatorily disclose the reason.
• User agrees that the funds obtained from ARTH shall be used for the purpose for which the loan has been applied for and will not be used for speculative or antisocial purposes.
• User confirms that the information provided to ARTH is correct and accurate.
• User authorizes ARTH to connect via various modes of communication including and not limited to calls, email, or SMS. Users also agree and authorize ARTH to connect with them irrespective of registration with DNC or NDNC Registry.

Right to Use Information

By providing any information through this Website, the User hereby grants the right to use such information for providing the Services. This consent will override any “Do Not Disturb” (DND) preferences set at User’s end with their telecom service provider.

Indemnity

The User agrees to defend, indemnify, and hold harmless “ARTH” and its parent/subsidiary and affiliates, its employees, contractors, officers, directors, and agents from all liabilities, claims, and expenses, including attorney’s fees, that arise from:

• Use or misuse of this Website;
• Violation of any condition of Terms of Use, including without limitation, Your representation and/or warranty.
• Violation of any third-party right, including without limitation any copyright, trademark, trade secret, or other property, or privacy right.
• Any claim that caused damage to a third party.

“ARTH” reserves the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by User, in which event the User will cooperate in asserting any available defenses.

Governing Law

If any dispute arises between “ARTH” and “User” in connection with or arising out of the validity, interpretation, implementation, or alleged breach of any provision of the Policy, such dispute shall be referred to and finally resolved by arbitration in accordance with the Indian Arbitration and Conciliation Act, 1996 for the time being in force, which rules are deemed to be incorporated by reference in this clause. The courts at Mumbai shall have exclusive jurisdiction in relation to any disputes arising out of or in connection with these Terms of Use.

There shall be one (1) arbitrator as appointed by “ARTH” and the seat of the arbitration shall be Mumbai, India. The language of the arbitration proceedings and of all written decisions and correspondence relating to the arbitration shall be English.

Severability & Assignment

If any part of these Terms of Use is held invalid or unenforceable, that portion shall be construed in a manner consistent with applicable law to reflect, as nearly as possible, the original intentions of these Terms of Use and the remaining portions shall remain in full force and effect. User shall not assign any rights or obligations, or liabilities created hereunder to any third party, however ARTH reserves the right to assign any right or obligations or liabilities to any third party.