Terms and Conditions for Vanikya Waitlist Program

1. Introduction

Welcome to Vanikya's waitlist program for business loans. Terms and Conditions govern your participation in the waitlist program offered by MAS Pvt. Ltd., operating under the brand name "Vanikya". By joining our waitlist, you agree to comply with these terms.

2. Eligibility Criteria

To join the waitlist, you must:

  • Be a small merchant, MSME, or retailer with a valid business registration in India.
  • Be at least 18 years of age.
  • Have a valid PAN and GST registration (if applicable).
  • Comply with all legal requirements for business operations in India.

Vanikya reserves the right to verify your eligibility through document review, credit checks, and financial information assessment.

3. Waitlist Process

3.1 Joining the Waitlist

  • Submit your personal and business details through our website or mobile app.
  • Joining the waitlist does not guarantee loan approval or specific financing terms.

3.2 Waitlist Position

  • Your position is determined by factors including business performance, creditworthiness, and compliance with our eligibility criteria.
  • Vanikya reserves the right to prioritize loan offers based on internal criteria.

4. Data Collection and Use

By joining the waitlist, you consent to the collection and use of your data as per our Privacy Policy. This includes:

  • Contact information
  • Business financial data
  • Credit history and business performance metrics

We may share your information with third parties such as credit bureaus, financial institutions, and regulators as required by law or to facilitate our services.

5. Loan Application Process

5.1 Notification

You will be notified via email or phone when your turn on the waitlist is reached.

5.2 Formal Application

To proceed, you must:

  • Complete the formal loan application process.
  • Submit all required documents.
  • Comply with KYC norms and due diligence requirements.

5.3 Approval Process

  • Loan approval is subject to Vanikya's internal review process, credit assessment, and regulatory compliance.
  • Vanikya reserves the right to deny any loan application based on its lending criteria or regulatory requirements.

6. Loan Terms and Conditions

  • All loans are governed by RBI guidelines for MSME lending and applicable financial regulations.
  • Specific loan terms will be communicated during the formal loan offer.
  • A separate Loan Agreement must be accepted before any loan disbursement.

7. No Obligation

  • Joining the waitlist does not obligate you to accept a loan from Vanikya.
  • Vanikya is not obligated to provide a loan to all waitlist participants.

8. Changes to the Waitlist Program

Vanikya may modify, suspend, or terminate the waitlist program at any time without prior notice. Changes will be communicated via our website or mobile app.

9. Confidentiality and Data Security

We implement security measures to protect your information in accordance with Indian laws, including the Information Technology Act, 2000.

10. Governing Law and Jurisdiction

These Terms and Conditions are governed by Indian law. Any disputes will be subject to the exclusive jurisdiction of the courts in Pune, Maharashtra.

11. Limitation of Liability

Vanikya is not liable for any direct or indirect losses or damages arising from your participation in the waitlist program or decisions related to your loan application.

12. Prohibited Actions

You agree not to:

  • Provide false or misleading information.
  • Engage in any illegal activity.
  • Violate any applicable laws or regulations.

Breaches may result in legal action and permanent exclusion from Vanikya's services.

13. Amendments to Terms and Conditions

Vanikya reserves the right to amend these Terms and Conditions at any time. Continued participation in the waitlist program after changes constitutes acceptance of the modified terms.

14. Severability

If any provision of these Terms and Conditions is found to be unenforceable, the remaining provisions will continue to be valid and enforceable.

15. Contact Information

For questions or concerns regarding these Terms and Conditions or the waitlist program, please contact us at:

Email: support@vanikya.com

Last Updated: 7th September, 2024