Monevoo

Terms & Conditions

These Terms and Conditions govern your use of Monevoo's services and platform. Please read them carefully before using our services.

Last Updated: March 15, 2024
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Legal Compliance
RBI Compliant
User Protection
Bank Grade
Data Security
Mar 2024
Last Updated

Key Terms & Conditions

Essential terms that govern your relationship with Monevoo and our services.

Acceptance of Terms

By accessing and using Monevoo's services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use our services.

Service Description

Monevoo provides financial services including loan facilitation, financial advisory services, and educational resources. We act as an intermediary connecting customers with lending partners and financial institutions.

User Eligibility

Our services are available to individuals who are at least 18 years old and have the legal capacity to enter into binding agreements. You must provide accurate and complete information when using our services.

Intellectual Property

All content, trademarks, logos, and materials on our platform are owned by Monevoo or our licensors. You may not reproduce, distribute, or modify any content without our written permission.

User Responsibilities

Users must provide accurate information, comply with all applicable laws, and use our services responsibly. Prohibited activities include fraud, misrepresentation, and any illegal activities.

Limitation of Liability

Monevoo's liability is limited to the maximum extent permitted by law. We are not responsible for any indirect, incidental, or consequential damages arising from the use of our services.

Prohibited Activities

The following activities are strictly prohibited when using our services.

Providing false or misleading information
Attempting to gain unauthorized access to our systems
Using our services for illegal activities
Violating any applicable laws or regulations
Interfering with the proper functioning of our platform
Creating multiple accounts to circumvent restrictions
Sharing account credentials with third parties
Engaging in fraudulent or deceptive practices

Your Rights

As a user of our services, you have certain rights and protections under applicable laws.

Right to Information

Access to clear information about our services and terms

Right to Privacy

Protection of your personal and financial information

Right to Grievance Redressal

Access to our complaint resolution mechanism

Right to Data Portability

Request your data in a structured format

Service Terms

Specific terms related to our financial services and platform usage.

Loan Facilitation Services

• Monevoo acts as an intermediary between customers and lending partners

• We do not directly provide loans but facilitate connections with registered lenders

• All loan terms, interest rates, and conditions are determined by the lending partner

• We are not responsible for loan approval, rejection, or terms offered by lenders

Data and Privacy

• We collect and process personal information as described in our Privacy Policy

• Your data is shared with lending partners only with your explicit consent

• We implement security measures to protect your information

• You have the right to access, modify, or delete your personal data

Fees and Charges

• Our basic services are provided free of charge to customers

• We may receive commissions from lending partners for successful referrals

• Any fees charged by lending partners are disclosed separately

• We do not charge hidden fees or processing charges to customers

Termination & Changes

Information about account termination and changes to these terms.

Account Termination

• You may terminate your account at any time by contacting us

• We may suspend or terminate accounts for violations of these terms

• Termination does not affect your obligations incurred before termination

• We will provide reasonable notice before terminating accounts

Changes to Terms

• We may update these terms from time to time

• Material changes will be communicated through our platform

• Continued use of our services constitutes acceptance of updated terms

• You may terminate your account if you disagree with changes

Governing Law & Jurisdiction

Legal framework and dispute resolution mechanisms.

Applicable Law

These terms are governed by the laws of India. Any disputes arising from these terms or your use of our services will be subject to the exclusive jurisdiction of the courts in Mumbai, Maharashtra.

Dispute Resolution

We encourage resolution of disputes through our grievance redressal mechanism. For unresolved disputes, you may approach the appropriate consumer forum or civil court as per applicable laws.

Regulatory Compliance

Our services comply with applicable RBI guidelines, consumer protection laws, and other relevant regulations in India. We are registered as an NBFC with the Reserve Bank of India.

Contact Information

For questions about these Terms and Conditions or our services.