Credit Line Policy
This policy shall come into force with effect from 00:00 hours of 26th July 2019
By continuing and applying for credit through Shoption’s Credit Lending Partners you are agreeing to the terms mentioned in Credit Line Policy.
- I hereby appoint Shoption as my lawful authorized representative in connection with my request for obtaining credit line from its Credit Lending Partners (“CLP”) which may include but not limited to collecting, receiving/ sharing and/or fetching my financial documents, credit information, CBIL, credit score.
- I hereby grant my unambiguous, free and express consent to authorize and appoint Shoption to request credit line from CLPs by collecting, receiving/sharing and/or fetching my credit score and/ or a copy of my credit information report and/or financial documents and on my behalf;
- I hereby grant my unambiguous, free and express consent to Shoption to share my request for credit with my financial documents and all requested document to CLPs to on my behalf;
- I hereby grant my unambiguous, free and express consent to CLPs to evaluate and/or run my CIBIL to sanction credit against my request.
- I hereby confirm, undertake, accept and agree that any action and/ or omission of Shoption in relation to my request for credit line, furnishing my financial documents, credit score and credit information report through Shoption shall be binding on me as though such actions had been carried out by me directly. I further confirm, undertake, accept and agree that I alone shall be solely responsible for such action and/or omission of Shoption;
- I hereby declare that I have read and understood the terms and conditions provided in Shoption’s Terms of Service for Credit Line and the same are acceptable/ agreeable to me;
- I fully understand that Shoption does not undertake to rectify, modify, change or improve my credit score and/ or credit information the credit line request and I shall not make any claims in this regard, whatsoever;
- I hereby declare that I shall not hold Shoption responsible for any loss, claim, liability, or damage of any kind whatsoever, resulting from/ arising out of/ in any way related to: (a) delivery/supply/transfer and/or furnishing my credit score and credit information to me through Shoption; (b) delivery/supply/transfer and/or furnishing my credit score and credit information to Shoption; (c) any breach/ alleged breach of confidentiality or privacy in relation to delivery/ supply/ transfer and/or furnishing of my credit score and credit information report by the CLPs to Shoption; (d) any use of credit score and/ or credit information made by Shoption which may be contrary to any agreement entered into between Shoption and CLP(s) but authorized and accepted by me under this authorization letter and Shoption’s Terms of Service for Credit Line. (e) Responsible for payments/interest/late payment charges on the credit line against any cancel/refund/dispute order from Shoption platform; (f) legal action taken from borrower and/or CLPs against each other.
- I declare that I have read and understood the contents of this credit line policy and agree to be bound by the same.
Signed and consented by me:
Date & Time:
IP Address:
Location:
