Experian's Terms & Conditions

You hereby consent to Droom Technology Private Limited and it’s legitimate Credit Institutions being appointed as your authorised representative to receive your Credit Information from Experian for the "purpose of getting Credit Score & Credit Report".

BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE EXPERIAN CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW) (TOGETHER REFERRED AS “CREDIT INFORMATION”). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND DROOM TECHNOLOGY PVT LTD BY USING EXPERIAN TOOLS, 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

Droom shall access your Credit Information as your authorized representative and Droom shall use the Credit Information for limited End Use Purpose consisting of and in relation to the services proposed to be availed by you from Droom. 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 on by us on your behalf shall be destroyed, purged, erased promptly within 1 (one) Business Day of upon the completion of the transaction/ End Use Purpose for which the Credit Information report was procured.

Governing Law and Jurisdiction

The relationship between you and Droom Technology Private Limited shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of New Delhi.

Definitions:

Capitalised 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 Experian;

“Credit Score” means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.

“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.

You also acknowledge that your application shall be processed and analysed solely to understand your loan eligibility and its execution. Your application may also be rejected in case it does not pass the eligibility criteria from any of our current lender partners. Responsibility of disbursement of the said loan amount solely depends upon the discretion of our lender partners. Droom Credit does not hold any responsibility nor does it take any liability pertaining to said disbursement of Loan and matters related therewith.

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