Namaste Credit Tools and Services. Your use of Namaste Credit products, services and websites is subject to and governed by these Terms of Service ("Terms"), which constitute a binding legal agreement between you and Namaste Credit. "Namaste Credit" or "Company" or "we" means Namaste Credit, registered as Opendoors Fintech Pvt. Ltd. with registered offices at C-135,1st Floor, Kirti Nagar, New Delhi – 110015... Namaste Credit is a leading financial services portal for small and medium-sized businesses ("SME's") that offers a range of services to its customers through its web site located at https://www.Namastecredit.com and related Namaste Credit websites (collectively, the "Site"). Namaste Credit's business tools and services are summarized below.
Namaste Credit Services. The tools, resources, services Content and Community features offered by Namaste Credit on its Site are collectively referred to in these Terms as "Services".
By accessing this Site or using any Services, you hereby agree to the Terms. You further agree to use any Services solely in accordance with the Terms. If you do not agree to any of these Terms, you must stop using this Site immediately.
Binding Legal Agreement. Namaste Credit's provision of Services to you is expressly subject to these Terms, which constitutes a binding legal agreement between you and Namaste Credit upon your use or access of the Site. This Please read these Terms carefully before using the Site or accessing any Services offered on the Site. By accessing or using the Site or by merely browsing the Site, you agree to be legally bound by these Terms and all obligations applicable to Site users stated the Terms. If you do not agree with the Terms in their entirety, including provisions incorporated herein, you may not use the Site. It is your responsibility to review and understand all terms and conditions set forth in these Terms, and to use the Site in accordance with the Terms and applicable law. If you have any questions about the Terms, please email us at info@NamasteCredit.com or contact us in writing per the information posted at the end of the Terms.
Changes to the Terms. Namaste Credit reserves the right to change or modify any of the terms and conditions contained in the Terms at any time and in its sole discretion. If we do so, we will post notice of updating on the Site. If the changes are significant, we will also notify you at the last email address you provided to us in your registration information. Unless otherwise specified, any changes or modifications will be effective immediately upon posting of the revisions on the Site, and your continued use of the Site after such time will constitute your acceptance of such changes or modifications. You should from time to time review the Terms so that you understand the terms and conditions that apply to your use of the Site. If you do not agree with the changes, you must stop using the Site and you are also free to cancel your account with us without further obligation.
Other Important Provisions. You may not use this Site, or access or use Services offered on the Site, if (i) you are a Indian resident and are less than 18 years of age; (ii) you are not of legal age to enter into a binding legal contract with Namaste Credit under the laws applicable to you, or (iii) you are legally barred from using or accessing this Site or any Services under the applicable laws in your country of residence.
Terms Agreement. These Terms, including all Legal Provisions (as defined) and all provisions incorporated herein, are also sometimes referred to as the "Terms Agreement".
In addition to the terms and conditions of the Terms Agreement, which are applicable to all Namaste Credit customers, certain Services may require you to agree to additional agreements with the Company. The Company's ability to provide, and your eligibility to receive such other Services may also depend on the State in which you reside or in which you have requested the particular Services.
As described above, the Terms include the Legal Provisions described in this Section 5 (collectively, "Legal Provisions"). By agreeing to the Terms Agreement, you also agree to, and to at all times access and use this Site in accordance with, the following Legal Provisions.
Proprietary and Intellectual Property Rights. You acknowledge that, except as expressly otherwise stated in the Terms, Namaste Credit owns all (i) right, title and interest in, and (ii) patent, trademark, copyright and other intellectual property rights (collectively, "Intellectual Property Rights") inherent in all Services made available to you through the Site. Namaste Credit is a registered trademark.. In addition, the Site will feature the names and logos of our partners and affiliates. You expressly agree that you will not acquire any Intellectual Property Rights in (i) the Namaste Credit name, logo or other Namaste Credit trademarks, (ii) the name, logo or other trademarks of Namaste Credit's partners or affiliates posted on the Site, or (iii) Content owned or licensed by Namaste Credit or any third party.
Restrictions on Use and Disclosure. You may not use the trade names, trademarks, servicemarks, logos, domain names, distinctive brand features of Namaste Credit or any advertiser, partner or affiliate of Namaste Credit, without the Namaste Credit's prior written permission. You further acknowledge that if Services contain information designated as confidential by Namaste Credit, you will not disclose any such confidential information without Namaste Credit's prior written permission.
Site Content. You agree that all Content you may access on the Site is the responsibility of the person who posts or otherwise makes such Content available on the Site. With respect to Content that you did not originate, such Content may be protected by Intellectual Property Rights of advertisers, partners, affiliates or other third parties. You may not modify, license, sublicense, distribute or create derivative works based on such Content, either in whole or in part, unless you have been specifically authorized to do so in a separate written agreement signed by the Content owner. Namaste Credit reserves the right to remove any Content from the Site which it deems objectionable or potentially infringing.
You are responsible for Your Content. You agree that you are solely responsible for, and that Namaste Credit has no responsibility to you or any third party for any (i) Content that you create, transmit, or display while using the Services, and (ii) all consequences, losses and damages of any kind incurred by any third party (including Namaste Credit) arising from your Content.
License regarding Your Content. You retain ownership of, and Namaste Credit does not claim ownership rights in, your original Content. However, by submitting, posting or otherwise displaying your Content on the Site, you hereby grant to Namaste Credit a perpetual, irrevocable, worldwide, royalty-free and non-exclusive license to: reproduce, adapt, edit, modify, translate, publish, publicly perform, publicly display and distribute any Content which you submit, post or display on the Site (in connection with any Service). You agree that this license includes the right for Namaste Credit to make such Content available to other companies, organizations or individuals with whom Namaste Credit has relationships for the provision of business, and to use such Content in connection with the provision of Services or Community features. You understand that Namaste Credit, in performing the required technical steps to provide the Services to our users, may (a) transmit or distribute your Content over various public networks and in various media; and (b) make such changes to your Content as are necessary to conform and adapt that Content to the technical requirements of connecting networks, devices, services or media. You hereby authorize Namaste Credit to take these actions.
License from Namaste Credit. Namaste Credit grants you a personal, royalty-free, non-assignable, non-transferable and non-exclusive license to use the Services and Community features may be made available to you on the Site on the following terms and conditions: (i) this license is for the sole purpose of enabling you to use and enjoy the benefit of the Services and Community features as provided by Namaste Credit, and solely in the manner permitted by these Terms; and (ii) you may not (and you may not permit anyone else to) copy, modify, create a derivative work of, reverse engineer, decompile or otherwise attempt to extract the source code of Content or any Service or software component or any part thereof, without the express prior written permission of Namaste Credit.
Copyright Infringement. If you believe that any Content on the Site infringes your copyright, you must notify Namaste Credit's Designated Agent as provided below in a manner that conforms to the Digital Millennium Copyright Act, Section 512(c)(3).In addition, if you feel that your trademark or other Intellectual Property Right has been or is being violated through use on the Site, please contact us either through our website info@NamasteCredit.com, or by writing to:
# 5, Crimson Court, 1st Floor
Jeevan Bima Nagar Main Road
Bengaluru, Karnataka 560075
Other Legal Provisions. In addition, you agree to the Other Legal Provisions set forth in Section 17 at the end of these Terms.
In General. You acknowledge that the Services are provided to you at the discretion of Namaste Credit. You further acknowledge and accept that: (i) some of the Services offered by Namaste Credit may be provided by Namaste Credit subsidiaries or affiliates; (ii) if Namaste Credit disables access to your account, you may be prevented from accessing the Services, your account details or any files or other content which is contained in your account; and (iii) you may stop using the Services at any time.
Change in Services. You acknowledge that: (i) the form and nature of the Services which Namaste Credit currently provides may change from time to time without prior notice to you; and (ii) Namaste Credit may stop (permanently or temporarily) providing the Services (or any features within the Services) to you or to users generally at Namaste Credit's sole discretion, without prior notice to you;
Software Updates. The web browser or other software which you use may automatically download and install updates from time to time from Namaste Credit as required to update the Site or any Services. These updates are designed to improve, enhance and further develop the Services, and may take the form of bug fixes, enhanced functions, new software modules and completely new versions. You agree to receive such updates (and permit Namaste Credit to deliver these to you) as part of your use of the Services.
Notices. If we wish to notify you, we may: (i) email you at the contact information you provide in your Registration Data (as defined); (ii) post a notice specified parties (i.e., customers, lenders, etc.) in the Dashboard area of your account on the Site; or (iii) post the notice elsewhere on the Site, as appropriate in our sole discretion.
Use of Services in accordance with Applicable Law. You agree to use the Services only for purposes that are permitted by any applicable law, regulation or generally accepted practices or guidelines in the relevant jurisdictions (including, without limitation, (i) any laws regarding the export of data or software to and from the United States or India or other relevant countries
Use of Services in accordance with the Company's Anti-Discrimination Policy. The Company's Anti-Discrimination Policy is fundamental to its operations and overall business philosophy. Any lender or other creditor must also comply with this fundamental Company policy, set out below, in connection with its use of Services:
Discrimination in any part of the loan or application process is not only unlawful, Namaste Credit strongly believes that it is also immoral. Accordingly, the Company does not tolerate discrimination or any action having a discriminatory or discouraging impact, on any basis prohibited under applicable law, including, but not limited to, race, color, religion, national origin, sex, sexual preference, gender identity, marital status, familial status, age, handicap or disability, excluding only special-purpose loan programs authorized by law.
Registration and other Information you provide to Namaste Credit. . If you wish to access case studies, financial calculator tools, the Newsletter, Small Business Lending trends, the Expert Network or simply browse our Site, no prior registration is required. However, if you wish to use any other Services, including without limitation Namaste Credit scorecard, the business loan and credit Dashboard, Business Finance Services (as defined) or participate in Community features, you must in all such cases register with Namaste Credit and expressly accept the Terms. You will be prompted to registration if you attempt to use or access such Services. In order to access the Services for which registration is required, you may be required to provide information about yourself (such as identification or contact details) as part of the registration process for the Service, or as part of your continued use of the Services. You agree that any registration information you give to Namaste Credit will always be accurate, correct, up to date, and complete in terms of all information as may be requested on the Site ("Registration Data").You agree to maintain and promptly update the Registration Data, together with any other information you provide to Namaste Credit, and to keep all such information accurate, current and complete.
You are responsible for your Account. You agree and understand that you are responsible for maintaining the confidentiality of passwords associated with any account you use to access the Services. You hereby accept all risks of unauthorized access to the Registration Data and any other information you provide to Namaste Credit.You are responsible for all activity on your Namaste Credit account, and for all charges incurred by your Namaste Credit account. If you become aware of any unauthorized use of your password or of your account, you agree to notify Namaste Credit immediately at info@NamasteCredit.com
Registration and Site Access. Once you register with us and agree to our Terms, you can access and use all Services on our Site, subject to the provisions of the Terms Agreement.
Prohibited Activities. You agree not to access (or attempt to access) any of the Services by any means other than through the interface that is provided by Namaste Credit, unless you have been specifically allowed to do so in a separate agreement with Namaste Credit. You specifically agree not to access (or attempt to access) any of the Services through any automated means (including use of scripts or web crawlers) and shall ensure that you comply with the instructions set out in any robots.txt file present on the Services. You agree that you will not engage in any activity that interferes with or disrupts the Services (or the servers and networks which are connected to the Services) Unless you have been specifically permitted to do so in a separate agreement with Namaste Credit, you agree that you will not reproduce, duplicate, copy, sell, trade or resell the Services for any purpose.
Namaste Credit offers a variety of business loan services to its customers designed to assist MSME's in analyzing, comparing and applying for commercial loans or other business financing ("Business Finance Services"). If you wish to use any Business Finance Services, you must first register with Namaste Credit and expressly accept the Terms. In order to access Business Finance Services online, you must complete and submit a Get a Loan Qualification Form. All loan application services are provided to customers for free. Certain additional services, such as business plan support or credit reports, when available are on a fee-basis as posted on the Site. In addition, no fees are charged to customers for loan application or other services related to any RBI or SIDBI guaranteed small business loan program that the client may obtain through the services of Namaste Credit. If you wish to use Business Finance Services, you will also be required to certain additional terms authorizing Namaste Credit to access and share certain personal and financial information and documents with potential lenders.
Limitations and Disclaimers. In all cases, Business Finance Services are offered to businesses for business or commercial loans only. In no cases will Namaste Credit help arrange: (i) a consumer loan or loan in the name of an individual; or (ii) a loan secured by a dwelling, residence, or non-commercial real estate. In addition, Namaste Credit's Business Finance Services are limited in all cases to providing our customers with loan and other financing options and assisting in the loan application process. Namaste Credit does not negotiate or offer to negotiate specific loan terms with lenders. In addition, if you are an Indian resident, the Company's ability to provide, and your eligibility to receive certain Business Finance Services may also depend on the State in which you reside or in which you have requested such Services. Your use of any Business Finance Services is expressly subject to your compliance with all requirements described in this Section 8 of the Terms Agreement.
The Site contains Community features, including without limitation discussion forums, bulletin boards, review services, expert network or other forums in which you or third parties may post reviews or other content, messages, materials or other items on the Site ("Community Areas"). You are solely responsible for your use of such Community Areas and use them at your own risk. Content submitted to any Community Area will be non-confidential. By using any Community Areas, you expressly agree not to post, upload to, transmit, distribute, store, create or otherwise publish through the Site any of the following:
In General. We are committed to protect the security and integrity of all information you share with us. We have therefore implemented a number of industry-security measures (including physical, electronic and procedural measures) to help safeguard your personal information from unauthorized access and disclosure. Only authorized employees and authorized third-party service providers are permitted to access personal information, and they may do so only for specified and limited business functions. In addition, we use encryption in the transmission of your sensitive personal information between your system and ours, and we use firewalls to help prevent unauthorized persons from gaining access to your personal information. However, no system is 100% secure or reliable, and is also subject to the reliability of hosting services, internet intermediaries, your internet service provider, and other service providers, whose reliability cannot be guaranteed by Namaste Credit.When you use Namaste Credit, you accept these risks, and the responsibility for choosing to use a technology that does not provide perfect security or reliability. A more detailed description of security features and specifications used on this site is available at http://NamasteCredit.com/security.
Credit Card Information. . Namaste Credit does not directly accept credit card information. Namaste Credit uses a third-party payment gateway to accept credit card information for all uses on the site, including service fees and the purchase of credit reports and other business information provided by Namaste Credit from partners such as CIBIL, D&B , Equifax and Others. All the credit card information processing, including PCI security standards compliance, is done at the end of the third-party payment gateway, and we do not collect or store any such information. Namaste Credit uses restrictive firewalls to protect stored data and uses 256 bit SSL certificates to encrypt data transferred between you and the Site, including credit card information. You acknowledge that Namaste Credit is not responsible for the protection of any credit card information shared on the Site, and by sharing such information you expressly assume any such risk.
Other Business Tools. Namaste Credit's other proprietary Business Tools also allow only authorized users to access information input into our Business Tools such as , Financial Calculator and the dynamic Dashboard. The information you provide to us in connection with loans or the application process will only be shared with prospective lenders with your prior consent.
Account Security. We have also implemented the following additional features to help strengthen the security of your user account:
Namaste Credit and its vendors, partners and affiliates do not tolerate SPAM, spyware or spoofing on the Site or any Service or Community Area. You may not use the Community Areas or Service to send commercial or other messages to any third-party if those messages are not expressly solicited or authorized in writing by the third-party. Your use of the Site you must comply with all applicable laws, including laws that apply in any jurisdiction to SPAM and marketing practices, and with any applicable marketing association guidelines on ethical marketing practices. You may not use our communication tools to send SPAM or otherwise send content that would violate the Terms Agreement. The use of any Community Areas or other portions of the Site in violation of the foregoing violates these Terms and may result in, among other things, termination or suspension of your rights to use the Interactive Areas and/or the Site. We automatically scan and may also manually filter messages to check for spam, viruses, phishing attacks and other malicious activity or illegal or prohibited content.
Namaste Credit may run advertisements and promotions from third parties on the Site. Your business dealings or correspondence with, or participation in promotions of, advertisers other than Namaste Credit, and any terms, conditions, warranties or representations associated with such dealings, are solely between you and such third party. Namaste Credit is not responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or as the result of the presence of third-party advertisers on the Site.
NOTHING IN THESE TERMS SHALL EXCLUDE OR LIMIT NAMASTE CREDIT'S WARRANTY OR LIABILITY FOR LOSSES WHICH MAY NOT BE LAWFULLY EXCLUDED OR LIMITED BY APPLICABLE LAW.SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR CONDITIONS OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR LOSS OR DAMAGE CAUSED BY NEGLIGENCE, BREACH OF CONTRACT OR BREACH OF IMPLIED TERMS, OR INCIDENTAL OR CONSEQUENTIAL DAMAGES.ACCORDINGLY, ONLY THE LIMITATIONS WHICH ARE LAWFUL IN YOUR JURISDICTION WILL APPLY TO YOU AND OUR LIABILITY WILL BE LIMITED TO THE MAXIMUM EXTENT PERMITTED BY LAW.
SUBJECT TO THE FOREGOING, YOU EXPRESSLY UNDERSTAND AND AGREE THAT:
SUBJECT TO THE FIRST PARAGRAPH OF SECTION 14 (EXCLUSION OF WARRANTIES) ABOVE, YOU EXPRESSLY UNDERSTAND AND AGREE THAT NAMASTE CREDIT, TOGETHER WITH ITS SUBSIDIARIES, PARTNERS AND AFFILIATES, SHALL NOT BE LIABLE TO YOU FOR:
In case of any formal dispute with us please reach out to our Grievance Officer at the mail ID :- firstname.lastname@example.org Grievances registered with us will be processed in accordance with the grievance procedure at Namastecredit.
Upon completion of the Namaste Credit Channel Partner Application and acceptance the terms and conditions of the Agreement, we shall review your completed application and decide on your participation in the Channel Program. Please note that the Company holds complete discretion of accepting or rejecting your application. Also, the Company holds the right to remove a Channel Partner from the Program at any time without assigning any reasons and without any further obligations on the Company. In case of rejection of application or removal from the Program, you will not be eligible to participate in the Channel Program during such time your application is accepted. In case you are removed from the Program, you can re-apply for the same and the Company shall hold the discretion to accept or disallow your application.
Channel Partner hereby agrees to indemnify Namaste Credit and its affiliates, directors, officers, employees and agents from and against any liability, claims, losses, damages, injuries or expenses incurred as a result of a breach, or alleged breach, of any of your representations or obligations herein.
Each party agrees to keep confidential the existence and terms of this Agreement as well as any other confidential information in relation to the Company that is disclosed and must ensure that their respective Personnel do likewise.
This Agreement shall commence once Channel Partner accepts the terms & conditions of this agreement and Namaste Credit accepts Channel Partner into the Channel Program. The Agreement shall continue in effect until terminated by either Party with cause at any time by giving the other Party thirty (30) days written notice. However, the Company may terminate this agreement with immediate effect and without providing any notice (i) at the sole discretion of the Company for any reason or no reason; or (ii) if Channel Partner is alleged, accused or proven to be involved in any act or activity that is unlawful or unethical, or any lender’s or the Company’s code of conduct or such activities that can potentially lead to loss of reputation to the Company by virtue of our association with you.
Channel Partner will receive a service fee for each borrower application routed through the Channel Partner that receives financing from one of Namaste Credit’s empanelled lenders. This service fee will be calculated as per the schedule of fees prevailing at the time of disbursement of the relevant loan. The service fee will be payable upon receipt of a confirmation by the Company from the relevant lender that such loan has been disbursed and Channel Partner’s request on www.namastecredit.com to be paid by the Company. In case Channel Partner does not request to be paid by the Company within 3 months of loan disbursement, Channel Partner will forgo its rights to any service fees for such loan. No fee will be accrued or paid to Channel Partner in case an application submitted on Namaste Credit is not converted into a disbursed loan. All fees shall be subject to applicable statutory deductions.
|Schedule of Fees|
|Product / Service||Success-based revenue sharing (1)|
|Loans – Lead Basis||25% of the amount received by Namaste Credit|
|Loans – Fulfilment Basis||50% of the amount received by Namaste Credit|
(1) Success is defined as the application lead submitted on Namaste Credit by Channel Partner is funded and amount disbursed is defined by the actual funds disbursed by one of Namaste Credit's empanelled lenders.
The Schedule of Fees may be amended solely by the Company in writing (including by way of e-mail) and any such amendment shall be binding on the Channel Partner upon being notified of such amendment (including by way of e-mail). The Schedule of Fees shall be subject to periodic review.
This Agreement shall be governed by the laws of India and courts in Bangalore shall have exclusive jurisdiction. This Agreement constitutes the entire understanding and agreement between the parties hereto and their affiliates with respect to its subject matter and supersedes all prior or contemporaneous agreements, representations, warranties and understandings of such parties (whether oral or written). No promise, inducement, representation or agreement, other than as expressly set forth herein, has been made to or by the parties hereto. Except as specified above with respect to the Schedule of Fess, this Agreement may be amended only in writing by mutual agreement (including by way of e-mail).
In case of any formal dispute with us please reach out to our Grievance Officer at the mail ID :- email@example.com Grievances registered with us will be processed in accordance with the grievance procedure at Namastecredit
Opendoors Fintech Private Limited (Namaste Credit)
Registered Office: C-135, 1st Floor, Kirti Nagar, New Delhi – 110015
Corporate Identification Number (CIN): U74999DL2014PTC272619
email: firstname.lastname@example.org; phone: +91 8080809068
- Absolutely safe and secured virtual environment is provided by Namaste Credit - ASAP in close collaboration with Kotak Bank and Yodlee (http://www.yodlee.com/)
- ASAP virtually manages your online savings from single or multiple bank accounts based on instructions given by you. It only sweeps funds if funds are available in your bank account to avoid failure, yet enough savings required to meet your savings plan.
- Once at the time of setting up the savings plan. No multiple logins required unless you change your login credentials or switch bank accounts.
- Yes, you will have a Namaste Credit Unique Account ID through which you can check balance of your savings account anytime.We will also send notifications about your saving plans on a regular basis.
- ASAP is the most unique savings solution developed by best in class financial technology player, Namaste Credit in close collaboration with leading financial institution, Kotak Bank and the world class data analytics provider Yodlee (http://www.yodlee.com/). We are most committed to provide you best savings and financing solutions while keeping your information confidential!
- Yes, you will be eligible for incentive on your accumulated funds.
- Withdrawal can be done through on click request within the system, the amount balance will be credited back to the users account within 72 Hours of the request placed, this is needed as we need to reconcile the pending transactions.
- No, failure on saving sweeps will not affect your CIBIL score.
- Not immediately, we need minimum 6 months of track record before you are eligible for ASAP - Loans.
- No, we have a banking partner in Kotak Bank.
- Yes, we manage single or multiple bank accounts, for most effective savings we recommend you to setup multiple bank accounts.
- You will receive weekly email with your account balance on your registered email ID or SMS on your registered mobile number.
- No, one user per ASAP account.
- Currently, you can select for any EMI product, Vacation, Annual Subscriptions or any Fixed Obligation.
- ASAP is a Patent technology developed by Namaste Credit and there is no such product available in the market locally or internationally. We are first to develop and market this.
- Registered company, Opendoors Fintech Private Limited is registered with National Payments Corporation of India (NPCI): An entity authorized by Reserve Bank of India to operate National Automated Clearing House (NACH) under Payment and Settlement Systems Act 2007.
- No, the data entered is private and it is not shared, the system takes extra care to not reveal all banks details, we don't store any access information of the banks as that is handled by Yodlee
- There is an only monthly subscription fee of INR 100 per user, with a free first month. No other charges applicable.