Consent and Confirmation

By clicking the "Proceed” or similar button on the screen where these general application terms (“Application Terms”) are hyperlinked by Bajaj Finance Limited (“BFL”) I hereby agree, undertake, confirm and acknowledge that:

1) I am 18 years of age or older and I understand, read and write in the English language.

2) I wish to check my eligibility for availing the finance facility product hereinafter after referred as “Financial Product”) from BFL and/or Bajaj Housing Finance Limited ("BHFL”).

3) To submit and execute any/all documents, in such form and manner as may be required by BFL/BHFL in relation to Finance Product and/or related products.

4) Sanctioning of Financial Product shall be at sole discretion of BFL/ BHFL. BFL/ BHFL, at its sole discretion may reject or approve my application and/or to provide the loan for such amount.

5) The Financial Product to be provided by BFL/BHFL may be either in the form of term loan or one of the variants or a combination of such variants as may be specified under the respective Loan Terms and Conditions/Loan Agreement. The loan to be availed, would be subject to payment of all fees / charges as mentioned in the Loan Terms and Conditions/Loan Agreement.

6) CKYC Consent –

a) I hereby authorize BFL to verify/check/obtain/download/upload/update my KYC details from/with the Central KYC Registry (CERSAI): (i) by verifying such details through the CKYC number (i.e. KYC Identifier Number- KIN) provided by me or (ii) by obtaining such CKYC number/KIN, through details shared by me for this Application Form.

b) I hereby consent for receiving information from Central KYC Registry and BFL through SMS/Email on the above registered number/email address.

7) Aadhar based authentication (Aadhar eKYC) or verification (Aadhar OKYC) facility provided by Unique Identification Authority of India “UIDAI” -

a) CONSENT: At my own discretion, I voluntarily opt to perform and avail Aadhaar based authentication (eKYC) or verification (OKYC) from UIDAI and hereby submit to the BFL, the physical copy of Aadhaar card / physical e-Aadhaar / masked Aadhaar / Aadhaar Secure QR code / offline electronic Aadhaar xml as issued by UIDAI (Aadhaar), Aadhaar number, Virtual ID, e-Aadhaar, Aadhaar Letter, XML file, date of birth, Aadhar holder name, photo, demographic information, face authentication details and/or biometric information (collectively, “Information”) for the purpose of establishing my identity / address proof or in the capacity of guardian of my minor child’s identity / address.

I am informed by the BFL that in connection with Aadhar e-KYC or Aadhar OKYC services, BFL shall share Aadhaar number and/or biometrics with CIDR/UIDAI, and in response, the CIDR/UIDAI shall share with BFL, the authentication data or verification data such as Aadhar Holder Name, Date of Birth, Address, Photo, and Registered Mobile Number.

b) PURPOSE: I for myself/as guardian of minor child, authorise and give my consent to the BFL, for following informed purposes: -

(i) Above mentioned information shall be used for KYC and periodic KYC updation process as per the PML Act, 2002 and rules thereunder and RBI guidelines, or for establishing my identity, carrying out my identification, e-KYC, or OKYC, or Yes/No Authentication, demographic or other authentication/verification/ identification as may be permitted as per applicable law, for all accounts, facilities, services and relationships of/through the BFL, existing and future.

(ii) Collecting, sharing, storing, preserving Information, maintaining records and using the Information and authentication/verification/ identification records:

(a) for the informed purposes above,

(b) as well as for regulatory and legal reporting and filings and/or

(c) where required under applicable law;

(iii) producing records and logs of the consent, Information or of authentication, identification, verification etc. for evidentiary purposes including before a court of law, any authority or in arbitration.

c) I further understand that Aadhaar number and core biometrics will not be stored/ shared except as per laws/regulations and for CIDR/UIDAI submission.

d) In case of OKYC, I shall share the Share Code or confirm on the auto populated shared code, as the case may be for successful XML file download and upload as contemplated under applicable law to complete my offline KYC process.

e) I am informed by the BFL, that the submission of Aadhaar is not mandatory, and there are alternative options for KYC and establishing identity including by way of physical KYC with officially valid documents other than Aadhaar. All options were given to me.

f) I am informed by the BFL, that the submission of Aadhaar is not mandatory, and there are alternative options for KYC and establishing identity including by way of physical KYC with officially valid documents other than Aadhaar. All options were given to me.

8) CONSENT DATA AND INFORMATION SHARING FROM FOR DIGILOCKER PROVIDED BY MeIT (Ministry of Electronics and Information Technology) : I authorise and give my consent to the BFL to obtain, share and store Certified Copy of Officially Valid Documents (OVD) or equivalent e-documents of OVD including documents issued through secured cloud based Digilocker platform of MeIT for the purpose of availing Financial Products from BFL.

9) eMandate Registration with eSignature – In the event I opt for mandate registration with eSignature through biometric authentication, I agree/authorize BFL as under:

a) that BFL and its Assigns to (a) use my Aadhar/Virtual ID(as applicable) for the purpose of digitally signing eMandate and (b) authenticate my Aadhar/Virtual ID through OTP or Biometric for authenticating my identity through Aadhar Authentication system of UIDAI for obtaining my eKYC through Aadhar based eKYC services of UIDAI, for the purposes of digitally signing eMandate.

b) that BFL will be sharing certain details such as Mandate Start Date, Mandate End Date, Monthly Amount to be debited, my personal details etc., to my bank either on its own or through service provider for registration of mandate and I authorize BFL to share said details.

c) to debit my account basis the payment instructions as confirmed by me herein and agree that such debit shall not be disputed by me for any reason, whatsoever.

d) that during the tenure of my relationship with BFL, the mandate shall NOT be cancelled by me, excepting when the relationship is terminated by me.

e) that my bank may charge mandate processing charge and hence my Bank account could be debited with the mandate processing charges, basis the authorization given by me to the bank and I will not hold BFL and its Assigns liable or responsible for any fees and charges levied/collected from my Bank on account of registration of mandate or dishonour of mandate(s).

10) I also authorize BFL:

a) To use, verify, exchange,  share or part with all information and details as provided by me to BFL’s group companies/business partners/permitted assigns, affiliate/subsidiaries/agents/ service provider/representatives/empanelled merchants (collectively referred to as “Assigns”) and any third party including but not limited to, banks, financial institutions, credit bureaus, telecommunication companies, statutory bodies, empanelled merchants, Central KYC Registry, Protean eGov Technologies Reserve Bank of India, GST Portal, CIBIL/CRISIL/any credit rating agency/credit information company(CIC), Information Utility, NSDL e-Governance Infrastructure Limited (NSDL)/UTI Infrastructure Technology and Services Limited (UTIITSL), UIDAI  for purposes such as, including but not limited to customer verification and due diligence, personalization of products or services, credit rating, data enrichment, analysis, marketing or promotion of BFL services or related products or that of its Assigns or for enforcement of my obligations and I shall not hold BFL/its Assigns liable for the use/storage/sharing of the data and informations as stated above. I am aware and I agree that my Aadhar details such Aadhar Number, registered mobile Number, and registered email ID will be masked by BFL before sharing to its permitted Assigns and/or any third party as per laws/regulations.

b) to seek/obtain any other information, generate periodic reports relating to me either by itself and/or from any third party.

c) To procure/avail my CIBIL report and provide it to me by deducting applicable charges for the same and to share my CIBIL report with BFL’s Assigns as defined above.

11) That this Application Terms, its contents and the information/details provided by me from time to time as pursuant to my application for Loan facility, may be submitted to:

a) subsidiaries and affiliates of BFL, any service provider/third party/legal entity with whom BFL may have business relationship and/or in reference to rendering services in connection with the product(s)/services availed by me;

b) to any Regulator, Court, Law enforcement agency, Quasi-Judicial authority etc. on a need basis.

12) BFL at no event, be liable/ responsible for any direct, indirect, punitive, incidental, special, consequential damages or any damages whatsoever including without limitation, the damages for loss of use, data or profits, arising out of or in any way connected with the use of Bajaj Finserv App or bajajfinserv.in

13) CIBIL Specific Consent – In connection with submission of the application for receiving my credit information offered by TransUnion CIBIL Limited (TU CIBIL) (“Product”) through Bajaj Finance Limited (referred to as the “Agent”), I hereby acknowledge and agree to the following:

a) The Agent is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Product from TU CIBIL on my behalf and use it in the manner consistent with the end-use policy of my Agent (“Agent’s End Use Policy”) or the understanding between me and my Agent (“Terms of Understanding”), as the case may be, and the Agent has granted its consent for being appointed for the aforesaid purpose.

b) I grant my unconditional consent to the Agent to receive the Product from TU CIBIL on my behalf and use it in the manner consistent with the Agent’s End Use Policy or the Terms of Understanding, as the case may be, and the Agent has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agent’s End Use Policy and understood the same; or (b) the Terms of Understanding in relation to the use of the Product has been agreed between me and my Agent.

c) I hereby expressly grant unconditional consent to, and direct, TU CIBIL to deliver the Product to the Agent on my behalf.

d) I shall not hold TU CIBIL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of the Product to the Agent; (b) any use, modification or disclosure by the Agent of the contents, in whole or in part, of the Product, whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of the Product to the Agent; (d) for any use made by the Agent which is contrary to the Agent’s End Use Policy or Terms of Understanding or otherwise.

e) I acknowledge and accept that: (a) TU CIBIL has not made any promises or representations to me in order to induce me to provide the Product Request or seek any consent or authorization in this regard; and (b) the implementation of the Agent’s End Use Policy or Terms of Understanding is solely the responsibility of the Agent.

f) I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the “Start Your Application” or similar button or entering the one-time password received on the mobile number provided by me, I am providing "written instructions" to Agent authorizing Agent to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]. I further authorize Agent to obtain such information solely to confirm my identity and deliver Product to me and for use as per the Terms of Understanding.  Further in all such cases, by clicking on “Start Your Application” button, I confirm my authorization for TU CIBIL to obtain my Consumer Credit Information.

g) I understand that in order to deliver the Product to me, I hereby authorize Agent, to obtain my Consumer Credit Information from TU CIBIL.

h) By clicking on “Start Your Application” button, I understand that I am providing express written instructions for Agent to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Agent account. I further authorize Agent to retain a copy of my information for use in accordance with Agent’s Terms of Use and Privacy Policy.

i) I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TU CIBIL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

j) I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TU CIBIL, its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of the Product Request and / or my decision to provide TU CIBIL with the authority to deliver the Product to the Agent. I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TU CIBIL by third parties arising from and in connection with this letter.

14) By submitting this application, I hereby expressly authorise BFL, its group companies, affiliates and/or business associates and their respective representatives to send me communications regarding loans, insurance and their respective products and/or services (collectively “Other Products”) through telephone calls/SMSs/emails/post/bitly/bots or any other electronic mode etc. including but not limited to promotional communications. I understand that I can at any time opt not to receive such communication. I agree and understand that products/services belonging to BFL’s Assigns, are governed by their own set of terms and conditions, which shall be in addition to and not in derogation to the terms and conditions prescribed by BFL herein.

I have read and understood the terms and conditions contained in the Application Terms and agree to be bound by the same, and I further agree to be bound by such terms and conditions as may be communicated from time to time by BFL/BHFL and pertaining to the Financial Product.

I hereby declare that all the information voluntarily furnished by me is true, correct and complete. I will not hold BFL or any of its officials responsible in case of any incorrect information provided by me.