1. This Company/Trust will be known as “Right Micro
Finance”.
2. This Company/Trust will collect the money from
it’s investors and it will re-invest in its business and it will grant loan
to needed persons.
3. All liability during the business of the RIGHT
MICRO FINANCE (TRUST) will fall to the trust. (but neither to the settlor
nor to the trustee.)
4. Right Micro Finance is an Intermediary under the
provisions of the Information Technology Act, 1999 and virtually connect
lenders and borrowers through electronic platforms of website and/or mobile
app. The lending transaction is purely between lenders and borrowers at
their own discretion and Right Micro Finance does not assure loan
fulfillment and/or investment returns. Also, the information provided on the
platform are verified or checked on the best efforts basis without
guarantying any accuracy in the data/information verification. Any
investment decision taken by the lender on the basis of this information is
at discretion of the lender and Right Micro Finance does not guarantee that
the loan amount will be recovered back from the borrower fully or partially.
The risk is entirely on the lender. Right Micro Finance will not be
responsible for the full or partial loss of the principal and/or interest of
lenders’ investment.
5. All decisions taken by the company/trust are
solely and finally accepted by the investors, if any dispute arises.
6. In any legal matter the only honourable district
court is competent for it’s hearing.
7. BBPOU Services: User has option to avail and use
payment services of Bharat Bill Payment Operating Unit (“BBPOU”) as made
available or facilitated in www.rightmicrofinance.com Network (hereinafter
refer to as “BBPOU Services”) through an authorized BBPOU duly empowered by
National Payment Corporation of India (“NPCI”) and RBI.
8. The eligibility for a user from provider to
provider. However, the basic criteria are as follows:
You should be at least 18 years old.
You should be citizen of India.
9. The documentation requirement also varies from
issuer to issuer, some of the key documents required to apply for a user are
as follows:
Identity and Signature Proof- Passport, Driving License, PAN Card, Aadhaar
Card, Voter ID card etc.
10. The User shall be responsible to pay
fees/charges, that may be applicable to transactions executed through
rightmicrofinance.com Network or for use of the rightmicrofinance.com
Network/ rightmicrofinance.com Products & Services or any feature thereof,
to rightmicrofinance.com or to such third party, as the case may be.
However, wherein such fees/charges are applicable, the User shall be
informed by rightmicrofinance.com about the nature and quantum of such
fees/charges and only upon explicit consent of the User for paying the
applicable fees/charges, the transaction shall be processed further.
rightmicrofinance.com shall have full right in its sole and absolute
discretion to determine nature and quantum of fee/charges that may be
applicable to the transactions executed through rightmicrofinance.com
Network or for use of the rightmicrofinance.com Network or any feature
thereof.
11. Account No. AND Password
In the event of forgetting the Password or expiry/disability of Password,
Customer can reset it through Right Micro Finance App by way of providing
certain details/security question as required for authentication of the
Customers. The Customer agrees and acknowledges that Right Micro Finance
company shall in no way be held responsible or liable if the Customer incurs
any loss as a result of compromise of or of sharing Customer- Account No.
and/or Password by the Customer himself/herself or Customer has failed to
follow the website and Mobile App Service instructions as published by the
Right Micro Finance on the site from time to time. Customer agrees to fully
indemnify and hold harmless Right Micro Finance in respect of the same.
12. I have read and agreed to the Terms Of Use and
Privacy and Security Policy I have understood all the risks associated with
the lending transactions such as the likelihood of loss of entire principal
in case of default by a borrower. I am aware that Right Micro Finance does
not assure return of principal or payment of interest.
I authorize Right Micro Finance to make any enquiries with any finance
company or bank or credit bureau regarding my credit history.
