Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

The Authorised Representative shall access the Users Credit Information as the User’s authorized representative and the Authorised Representative shall use the Credit Information for the limited End Use Purpose consisting of and in relation to the services proposed to be availed by the User from the Authorised Representative. The Authorised Representative shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein and in furtherance to CICRA.

The Parties agree to protect and keep confidential the Credit Information both online and offline.

The Credit Information shared by the User, or received by the Authorised Representative, shall be destroyed, purged, erased promptly within 1 (one) Business Day of upon the completion of the transaction / End Use Purpose for which the Credit Information report was procured.

Governing Law and Jurisdiction

The relationship between the User and the Authorised Representative for the purposes of this consent agreement 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 Mumbai.


Capitalised terms used herein but not defined above shall have the following meanings:

“Business Day” means a day (other than a public holiday) on which banks are open for general business in Mumbai.

“Credit Information Report” means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by Experian;

“Credit Score” means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.

“CICRA” shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed there under.