I accept the privacy policy and terms and conditions. I appoint Allbanking as my advice representative to receive my credit card information from cibil for the purpose of providing access to credit and targeted offers (End-use purpose) as if I am defined in the given terms and conditions.
This End User Agreement (the “Agreement”) is made between you (the “User” or “You”) and Allbanking a private firm having its registered office at Shelar wadi Gokhale Road Naupada Thane West – 400602 (“Allbanking / sister concern and their parent company )”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and name of the company shall be collectively referred to as the “Parties” and individually as a “Party”.
You hereby consent to Allbanking being appointed as your authorized representative to receive your Credit Information on an ongoing basis until the (“End Use Purpose”) is satisfied or the expiry of 6 months from the date the consent is collected; whichever is earlier.
BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CIBIL CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES, AND DETAILS ( AS DEFINED BELOW ) ( TOGETHER REFERRED TO AS “CREDIT INFORMATION”). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CIBIL TO YOU AND Allbanking GROUP BY USING CIBIL , ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN.
Information Collection, Use, Confidentiality, No-Disclosure, and Data Purging
- Allbanking shall access your Credit Information as your authorized representative and Allbanking shall use the Credit Information for limited End Use Purposes consisting of and in relation to the services proposed to be availed by you from Allbanking . We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein and in furtherance to CICRA.
- The Parties agree to protect and keep confidential the Credit Information both online and offline.
- The Credit Information shared by you, or received by us on your behalf shall be destroyed, purged, and erased promptly within 1 (one) Business Day upon the completion of the transaction/ End Use Purpose for which the Credit Information report was procured.
Governing Law and Jurisdiction
Definitions – Capitalized terms used herein but not defined above shall have the following meanings :
- “Business Day” means a day (other than a public holiday) on which banks are open for general business in Mumbai.
- “Credit Information Report” means the credit information/scores/aggregates/variables/inferences or reports which shall be generated by CIBIL;
- “Credit Score” means the score which shall be mentioned on the Credit Information Report which shall be computed by CIBIL.
- “CICRA” shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006, and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder. PLEASE READ THE ABOVEMENTIONED TERMS AND CONDITIONS AND CLICK ON “ACCEPT” FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS/ FOR SHARING OF YOUR CREDIT INFORMATION BY CIBIL WITH Allbanking IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
** This document is an electronic record in terms of the Information Technology Act, 2000 and the Rules made there under, and the amended provisions pertaining to electronic records.