Terms of Use
Welcome to the website of Preya Micro Benefit Foundation, a Micro Finance Company registered under Section 8 of the Companies Act 2013. By accessing or using our website and services, you agree to comply with and be bound by the following Terms of Use. Please read these terms carefully before using our website or services. If you do not agree to these terms, you must not use our website or services.
1. Introduction
These Terms of Use (“Terms”) govern your access to and use of the website of Preya Micro Benefit Foundation (“we,” “us,” “our”) and the services we provide, including Personal Loans, Business Loans, and Group Loans. These Terms apply to all visitors, users, and others who access or use our website and services (“you,” “your”).
2. Eligibility
By using our website or services, you represent and warrant that you:
- Are at least 18 years of age or the age of majority in your jurisdiction.
- Have the legal capacity to enter into a binding contract.
- Are not prohibited from using our services under applicable law.
- Will use our services only for lawful purposes and in compliance with these Terms.
3. Changes to Terms
We reserve the right to modify or update these Terms at any time without prior notice. Any changes will be effective immediately upon posting on our website. Your continued use of our website and services after the changes have been posted constitutes your acceptance of the revised Terms. It is your responsibility to review these Terms periodically.
4. Use of Our Website
a. Permitted Use
You are granted a limited, non-exclusive, non-transferable, and revocable license to access and use our website and services for personal and non-commercial purposes, subject to these Terms. You agree not to:
- Use our website or services for any illegal or unauthorized purpose.
- Interfere with or disrupt the operation of our website or services.
- Attempt to gain unauthorized access to any portion of our website or services.
- Use any automated means, including bots, crawlers, or scrapers, to access our website or services.
b. Prohibited Conduct
You agree not to engage in any of the following prohibited conduct:
- Harassment: Engaging in any behavior that harasses, threatens, or intimidates others.
- Misrepresentation: Providing false, misleading, or fraudulent information when using our services.
- Infringement: Using our website or services in a manner that infringes on the intellectual property rights of others.
- Malware: Uploading or distributing any viruses, malware, or other harmful software.
- Spamming: Sending unsolicited or unauthorized advertisements, promotional materials, or spam.
5. Loan Services
a. Loan Application
By applying for a loan through our website, you agree to provide accurate, complete, and up-to-date information. You acknowledge that providing false or misleading information may result in the rejection of your loan application or the termination of your account.
b. Loan Eligibility
Eligibility for our loan services is determined based on various factors, including your credit history, income, and financial stability. We reserve the right to reject any loan application at our sole discretion without providing a reason.
c. Loan Agreement
If your loan application is approved, you will be required to enter into a loan agreement with us. The terms and conditions of the loan agreement, including the loan amount, interest rate, repayment schedule, and other relevant details, will be provided to you before you accept the loan offer. You are responsible for reading and understanding the loan agreement before accepting it.
6. User Account
a. Account Registration
To access certain features of our website or services, you may be required to create a user account. When registering for an account, you agree to provide accurate, complete, and up-to-date information. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.
b. Account Security
You agree to notify us immediately if you become aware of any unauthorized access to or use of your account. We are not liable for any loss or damage arising from your failure to protect your account credentials.
c. Account Termination
We reserve the right to terminate or suspend your account at any time, without prior notice, if you violate these Terms or engage in any conduct that we deem inappropriate or harmful to our website, services, or other users.
7. Intellectual Property
a. Ownership
All content on our website, including text, graphics, logos, images, and software, is the property of Preya Micro Benefit Foundation or its licensors and is protected by applicable intellectual property laws. You are not granted any ownership rights in the content and may not use it for any purpose other than as permitted by these Terms.
b. License
Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, and revocable license to access and use our website and services for personal and non-commercial purposes. You may not copy, modify, distribute, or create derivative works based on the content of our website without our prior written consent.
c. Trademarks
All trademarks, service marks, logos, and trade names displayed on our website are the property of Preya Micro Benefit Foundation or their respective owners. You may not use any of these marks without the prior written consent of the owner.
8. Privacy
Your use of our website and services is subject to our Privacy Policy, which is incorporated into these Terms by reference. Please review our Privacy Policy to understand how we collect, use, and protect your personal information.
9. Third-Party Links
Our website may contain links to third-party websites or services that are not owned or controlled by Preya Micro Benefit Foundation. We are not responsible for the content, privacy practices, or terms of use of these third-party websites. You access and use these websites at your own risk.
10. Disclaimer of Warranties
a. As-Is Basis
Our website and services are provided on an “as-is” and “as-available” basis. We make no representations or warranties of any kind, express or implied, regarding the operation of our website or the information, content, materials, or services provided.
b. No Warranty
We do not warrant that our website or services will be uninterrupted, error-free, secure, or free from viruses or other harmful components. We disclaim all warranties, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
11. Limitation of Liability
a. Exclusion of Damages
To the fullest extent permitted by applicable law, Preya Micro Benefit Foundation and its affiliates, directors, officers, employees, agents, and licensors shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including, but not limited to, loss of profits, data, or use, arising out of or in connection with your use of our website or services, whether based on contract, tort, strict liability, or otherwise, even if we have been advised of the possibility of such damages.
b. Aggregate Liability
In no event shall our aggregate liability to you for all claims arising out of or in connection with these Terms, your use of our website, or our services exceed the amount you have paid to us, if any, in the six months preceding the claim.
12. Indemnification
You agree to indemnify, defend, and hold harmless Preya Micro Benefit Foundation and its affiliates, directors, officers, employees, agents, and licensors from and against any and all claims, liabilities, damages, losses, and expenses, including reasonable attorney’s fees, arising out of or in any way connected with your use of our website or services, your violation of these Terms, or your violation of any rights of another person or entity.
13. Governing Law and Jurisdiction
a. Governing Law
These Terms shall be governed by and construed in accordance with the laws of Uttar Pradesh, India, without regard to its conflict of law principles.
b. Jurisdiction
You agree that any legal action or proceeding arising out of or relating to these Terms or your use of our website or services shall be brought exclusively in the courts located in Agra, Uttar Pradesh, and you consent to the jurisdiction of such courts.
14. Dispute Resolution
a. Informal Resolution
Before initiating any legal action, you agree to first attempt to resolve any dispute with us informally by contacting us at [email protected]. We will attempt to resolve the dispute through good faith negotiations within 30 days of your submission.
b. Arbitration
If the dispute cannot be resolved informally, you agree to resolve the dispute through binding arbitration in accordance with the rules of the [Arbitration Association]. The arbitration shall take place in Agra, Uttar Pradesh, and the decision of the arbitrator shall be final and binding. Each party shall bear its own costs of arbitration, except as otherwise required by applicable law.
c. Class Action Waiver
You agree that any dispute resolution proceedings will be conducted only on an individual basis and not as a class, consolidated, or representative action. You waive any right to participate in a class action lawsuit or class-wide arbitration.
15. Termination
a. Termination by Us
We reserve the right to terminate or suspend your access to our website and services at any time, with or without notice, for any reason, including if we believe that you have violated these Terms or engaged in conduct that we deem inappropriate or harmful.
b. Termination by You
You may terminate these Terms at any time by discontinuing your use of our website and services and closing your account.
c. Effect of Termination
Upon termination, your right to access and use our website and services will immediately cease. All provisions of these Terms that by their nature should survive termination shall survive, including, but not limited to, provisions related to intellectual property, disclaimers of warranties, limitation of liability, indemnification, and dispute resolution.
16. Severability
If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect. The invalid, illegal, or unenforceable provision shall be deemed modified to the extent necessary to make it valid, legal, and enforceable, or if modification is not possible, it shall be deemed severed from these Terms.
17. Entire Agreement
These Terms, together with our Privacy Policy and any other legal notices or agreements referenced herein, constitute the entire agreement between you and Preya Micro Benefit Foundation with respect to your use of our website and services, and supersede any prior agreements, understandings, or representations, whether written or oral.
18. Waiver
No waiver of any term or condition set forth in these Terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition. Any failure to assert a right or provision under these Terms shall not constitute a waiver of such right or provision.
19. Contact Information
If you have any questions or concerns about these Terms, please contact us at:
- Email: [email protected]
- Mailing Address: Front Of M.V.V School Shiva Kunj Mauja Bainpur Sikandra, Agra, U.P, 282007
By using our website and services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.