Terms of Use

Thankyou very much for using DiFin.co or DiFin.in or DiFin (together the “Company”, “Website”, “We” or “Us”,) is a trademark, copyright or business managed and owned by Vauraus Platform Pvt Ltd, India. It is a tech-enabled company and platform to bring together various institutions, NBFC’s, banks and people together who are into the business of lending and borrowing or are willing to lend and borrow.

DiFin is a tech-enabled company since it is connecting NBFC’s with borrowers seeking differentiated loan products and options and providing a full range of services to NBFC’s in terms of origination, underwriting, collections, restructuring and recovery.

DiFin is a platform since it is trying to build a community of borrowers and lenders to borrow and lend with each other in a transparent manner with all standard checks and procedures in place. Through its automated platform, it is providing lenders with an alternate asset class to earn a better rate of returns and borrowers the new age innovative and differentiated financial products.

DiFin shall merely facilitate a transaction of borrowing and lending between two such people or an entity like NBFC and a person. DiFin neither lends nor borrows through this website. DiFin is neither a financial institution, nor runs a collective investment scheme or a chit fund or any other such financial scheme.     

YOU/YOUR/User/End-User: You/Your/User/End-User/Applicant/Co-applicant shall mean natural or legal person who is at least 21 years of age and could legally enter into a contract in India and could use the services and products provided on DiFin in accordance with the terms and conditions recorded hereinafter and has agreed to become a paid or free member of this website.

Acceptance of Terms and Conditions

Every effort has been made to ensure, that the information contained on the Site is correct, however DiFin makes no warranty as the accuracy, comprehensiveness, or correctness of any Service(s) or a Product(s) on the Site, and provides all Service(s) and Product(s) on an “as is” basis. By using this Site, you (“you” or the “End User”) agree to these terms and conditions (“Terms and Conditions” or “T&C” or “Terms”) that we have provided. If you do not wish to agree to these Terms and Conditions, please refrain from using this Site. DiFin reserves the right to make any changes to our Terms and Conditions and/or our Privacy Policy (which is incorporated in website separately) as we deem necessary or desirable without prior notification to you

Also, your privacy is very important to us. The privacy policy explains how we treat your personal information and protect your privacy when you use our Website. We will not share or sell any of your information with any third party, except as specifically described in our privacy policy, which is hereby incorporated by reference into these Terms of Use. 

To read the complete DiFin Terms and Conditions, please see below.

1. Information Sharing and Social Features

You may have the opportunity to share content or information, including, but not limited to, your name, email address, or other information that you provide via the Website, with other users of the Website. By sharing information or content on the Website, you expressly agree to all of the following:

  • You grant DiFin a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any information or content that you post on or in connection with your use of the Website, subject to the privacy provisions described in our privacy policy. All such information will or may be shared with Company’s employee, vendors or IT partners if any.
  • As a condition of purchase or enquiry, DiFin requires your consent to send you administrative and promotional emails / SMS/ Phone Calls. We will send you information regarding your account activity and purchases, as well as updates about our Services and Products and promotional offers. You can opt-out of our promotional emails anytime by clicking the unsubscribe link at the bottom of any of our email correspondences. Please see our Privacy Policy for details.
  • By placing an order, you make an offer to us to purchase Service(s) or Product(s) or avail Loans you have selected based on the Terms and Conditions.
  • You understand that deleted content or information may continue to exist on our servers or in backup copies that we maintain for our own use.
  • You will not post content or take any action on the Website that may constitute libel or slander, infringes or violates someone else’s rights, that is protected by any copyright or trademark, or otherwise violates the law.
  • Content and information that you share will be available to other users of our Website. You understand that such third parties may access, use, store and transfer such content and information and to associate it with you.
  • We may remove any content or information that you share on the Website for any reason.

You agree that you will not use any device, software or routine to interfere or attempt to interfere with the proper working of the Website or any transaction being conducted on our Website.

2. Loan Pre-Registrations and Applications

You may be presented with the opportunity to pre-register and/or apply for a loan through the Website along with any co-applicant. When pre-registering or applying for a loan on the Website, you agree to provide current, complete, and accurate information about yourself and co-applicant. If any information you provide is untrue, inaccurate, not current, or incomplete, obtained without the consent of co-applicant, DiFin has the right to terminate your loan pre-registration and/or application and to decline to provide any and all future use of the Website. We reserve the right to decline your application for a loan. The pre-registration and application along with all provided documentations would deemed as a single application including student and co-applicant.   

If you use the site, you are responsible for maintaining the confidentiality of your account and password, and for restricting access to your computer. You agree to accept responsibility for all activities that occur under your account or password. Because of this, we strongly recommend that you exit from your account at the end of each session. You agree to notify DiFin immediately of any unauthorized use of your account or any other breach of security. DiFin reserves the right to refuse service, terminate accounts, or remove or edit content in its sole discretion.

3. 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. DiFin shall not be liable for any damages to the End User’s equipment resulting from the use of this Site.

4. End User conduct

End User shall not post or transmit through this Site any material which violates or infringes in any way upon the rights of others, or any material which is unlawful, threatening, abusive, defamatory, invasive of privacy or publicity rights, vulgar, obscene, profane or otherwise objectionable, which encourages conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any law, or which, without DiFin’s express prior, written approval, contains advertising or any solicitation with respect to Products or Services. Any conduct by an End User that in DiFin’s exclusive discretion restricts or inhibits any other End User from using or enjoying this Site and/or any of the Microsites is strictly prohibited. End User shall NOT use this Site or any of the Microsites to advertise or perform any commercial, religious, political or non-commercial solicitation, including, but not limited to, the solicitation of users of this Site and/or the Microsites to become users of other on- or offline services directly or indirectly competitive or potentially competitive with DiFin.

5. Modifications & Amendments

DiFin reserves the right to temporarily or permanently modify or discontinue the Website, or any portion of the Website, for any reason, at our sole discretion, and without notice to you. DiFin may also change the Terms of Use from time to time without notice to you. Please review these Terms of Use from time to time, because your continued access or use of the Website after any modifications have become effective shall be deemed your conclusive acceptance of the modified Terms of Use.

6. Monitoring

DiFin shall have the right, but not the obligation, to monitor the content of the Site at all times, including any chat rooms and forums that may hereinafter be included as part of the Site, to determine compliance with this Agreement and any operating rules established by DiFin, as well as to satisfy any applicable law, regulation or authorized government request. Without limiting the foregoing, DiFin shall have the right to remove any material that DiFin, in its sole discretion, finds to be in violation of the provisions hereof or otherwise objectionable.

6. Cancellation by DiFin

Please note that there may be certain instruction to remit payments or seek rendition of services that DiFin is unable to accept shall be cancel. We reserve the right, at our sole discretion, to refuse or cancel any transaction for any reason. We may also require additional verifications or information before accepting any instruction or registering you on our portal as a lender or a borrower. The borrower(s) and lender(s)/ NBFC’s/ Institutions are required to note that negative third party verification report(s) are crucial factors considered during the funding process. The funding may get rejected at any stage due to lack of information or verifiable information by us or from our associate partners.

7. Limitation of Liability

You agree that all access and use of the Website and its contents is at your own risk. In no event shall DiFin be held liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the Website or any linked site or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if DiFin, or representatives thereof, are advised of the possibility of such damages, losses or expenses.

This limitation of liability section shall prevail over any conflicting or inconsistent provision contained in any of the documents comprising this Agreement. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, trojan horses and other items of a destructive nature.

8. Indemnity

You agree to indemnify and hold DiFin (and its officers, directors, agents, subsidiaries, joint ventures, and employees) and its all partners including Banks, NBFC’s, Credit Rating Agencies harmless from any claim or demand, including reasonable attorneys’ fees, or arising out of or related to your breach of this T&C, or your violation of any law or the rights of a third party including but not limited to breach of any warranties, representations or undertakings or in relation to the non-fulfillment of any of your obligations under this T&C or arising out of violation of any applicable laws, regulations including but not limited to Intellectual Property Rights, payment of statutory dues and taxes, claim of libel, defamation, violation of rights of privacy or publicity, loss of service by other subscribers and infringement of intellectual property or other rights. This clause shall survive the expiry or termination of this T&C.

9. Customer Communication

DiFin will communicate with you through any of the mode using email, SMS and telephone or all of them or any other mode. Account holders must provide a valid email address and contact telephone and/ or mobile number to DiFin for this purpose.
Please note DiFin will not be able to contact the customer in case customer’s number is part of DNC (Do Not Call) list as generated by TRAI (Telecom Regulatory Authority of India). In this case we request customers to call us on our call center number.
When you use the Site or send emails to DiFin, you are communicating with DiFin electronically. You consent to receive communications from DiFin electronically.
From time to time, DiFin will also send you marketing material. If you do not wish to receive such material, you may unsubscribe from our mailing list at any time by using the unsubscribe function in the electronic marketing communication or by contacting info@DiFin.co
You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.

10. Site-Provided Email and Postings

The Site may provide End Users with the ability to send email messages to other End Users and non-End Users and to post messages on the Site. DiFin is under no obligation to review any messages; information or content (“Postings”) posted on the Site by End Users and assumes no responsibility or liability relating to any such Postings.

11. Links

The Site or third parties may provide links to other World Wide Web sites or resources. Because DiFin has no control over such sites and resources, you acknowledge and agree that DiFin is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such sites or resources. You further acknowledge and agree that DiFin shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.

12. Disclaimer of Warranties

All details of the members of this DiFin website and their financial status, included in or available through this site are provided for use without warranties of any kind, either express or implied, DiFin, its shareholders, its holding company, its subsidiaries, and its licensors do not warrant that the information or other material which is placed on the website by any person is correct including his financial status or capability or has not approached the other user of this website with a criminal intent to either cheat or misappropriate or deny any other user of its legitimate claims. by uploading any content, representation or statement of your financial status or your proof of residence you represent and warrant that you have the lawful right to reproduce and distribute such content and that the content complies with all laws and is true and authentic and is not in any event placed on the website to defraud other users or create a false impression in their minds that you have a sound financial status or are reasonably committed to deliver the repayments on time. You also represent that you have not ever been accused to any fraud, misrepresentation or default in repayment of any claims or monies to any third party whether a financial institution or not. You also represent that there are no outstanding disputes in connection with your moral turpitude or financial status. you hereby represent and warrant to DiFin that you are legally competent to execute, be bound by and adhere to terms and conditions of terms and conditions of DiFin. Your use of this site is solely at your risk. You agree that DiFin shall have no responsibility for any damages suffered by you in connection with this site or any content contained therein or any damage suffered in the event of default or misrepresentation by any other user of the website.

13. Payment Methods

You can pay DiFin and its associate partners using – payments services deployed by DiFin from time to time. DiFin has also deployed a system of electronic payment of fees, the details of which are available at www.difin.co.

All transactions are processed in INR.

14. E-Sign

We have also introduced a system where the borrowers and lenders/ NBFC’s/ Institutions have the opportunity to electronically sign the Lender Agreement. Details about how to sign the Lender Agreement or Contracts are available at www.difin.co.

15. Applicable Law & Jurisdiction

All disputes are strictly subject to Indian Law and courts of Delhi will have exclusive jurisdiction of dealing with all such disputes arising from use of this site.