Every user of the website should compulsorily read the terms and conditions of the website thoroughly. For using our website, you should go through the following terms and conditions carefully and consent to them.
1.1. We thank you for visiting our website www.Paisaboxx.in. If you are a registered user or a guest user of our website, you would be mentioned as a “User” in these terms and conditions segment and if you are using our website to use our offered services, then you are bound to obey these terms and conditions (“Terms of Use”). Also, you are supposed to abide by all the additional conditions and terms that are enlisted below and in the other parts of the website as well. These terms and conditions may vary from time to time. Our team encourages all our users to read all the Terms and Conditions carefully whenever they opt to avail services from our website.
1.2. The website is owned & functioned by JOINTOLEADSOLUTIONS PVT. LTD, a company that is formally incorporated under the provisions of the Companies Act, 2013 that bears the corporate identity number (CIN) U74899DL1994PTC057431 . All the references to the Website in these Terms of Use shall be considered to refer to the aforesaid entity.
1.3. The contents of this website capture an electronic record as per the terms of the Information Technology Act, 2000 and rules that are applicable & amended from time to time. This specific document legally does not require any kind of digital or physical signatures & form a valid and binding agreement amid the user and the website. Furthermore, you should be reading rigorously all the Terms and Conditions that are made available to the User pursuant & is according to the provisions of Rule 3 (1) as per the Information Technology Rules established in 2011.
1.4. We hold all the rights to amend the terms of usage in the due course of time. These changes would come into effect from the date & time when the changes are posted on the website. If you are a user of our website, you will have to consent to the modified terms of usage. Any late claim about being unaware of the modified terms wouldn’t be entertained under any circumstances.
2.1. The website can only be used by people who have the status of legally making a contract, according to the Indian Contract Act, 1872. The persons who are regarded to be incompetent of contracting according to the Indian Contract Act, 1872, including minors, undischarged insolvents, etc. would not be legally permitted to use the website under any conditions. In case a person accessing the website is a minor (under 18 years of age), such a person would not be authorized to register as a User of our Website.
2.2. We hold all the rights of terminating any membership and also decline to provide access to our website if it is brought to our notice that the user is less than 21 years old.
2.3. By consenting to all the Terms of Usage, the user of our website would irrevocably proclaim & undertake that he/she is of legal age (a minimum of 18 years old) and is capable of entering into a contract that is permissible according to the applicable laws.
2.4. The user of our website should essentially hold a rupee-denominated savings/current account with any registered bank in India.
2.5. It is mandatory that the user must hold a Permanent Account Number (PAN), allotted by The Income Tax Department of India.
2.6. By consenting to the Terms of Use, you accept that you have also read and understood the threats involved in lending/borrowing through the website.
2.7. To be an eligible borrower of a personal loan from our website, the user must be:
2.7.1 The user should be a salaried professional.
2.7.2 In case the user is salaried:
a. Should be based in India
b. Should not be unemployed for the last 6 months from applying for a loan
c. Shouldn’t be involved in any nature of criminal activity against him/her
d. Should regularly be receiving a monthly salary in their account
3.1. As mentioned, any person would be permitted to access the website, either as a guest or by registering as a user on our website. Although a guest user would be able to access all the website’s sections, there are a few restricted sections that would be accessed only by the registered users.
3.2. All the eligible users who wish to or have already registered with the website would be obligated to have an account created on our website by filling up all the required details.
3.3. By applying to register on our website, the User would permit and also authorize us in carrying out all the verifications and checks as applicable. Inclusive of the registration procedure:
3.3.1, We shall run identity, KYC, and fraudulent checks.
3.3.2, We would acquire a credit rating for users from the Credit Information Bureau.
3.3.3, Execute work verification/ residence verification procedure.
3.4. If a user fills out any false information on the website that proves to be inaccurate, un-updated, or incomplete, the website would consider that it has been done deliberately, and thus we would hold all the rights to suspend or indefinitely terminate your user account and then decline any & all current or further usage with us in the future.
3.5. The website’s users may need to provide specific personal information and then expressly authorize the website from accessing & assembling and holding on to all the personal information of the users of the website. All such provisions in terms of storage, collection, usage, retention & disclosure of the Personal Information about the users would be subject to the privacy policies of the website.
3.6. The registration is free of cost for anyone who wishes to register on our website. No processing charges are required to avail a personal loan from our website.
4.1. To avail a personal loan from our website, you should be logged into your Paisa In Time account.
4.2. All the registered users of our website would be solely responsible for all the activities that are related to our account and the website or the entity who is handling the website would not be accountable or liable for any kind of illicit activities including misuse, unauthorized access or hacking of the website or any kind of denial to access the website for any kind of reason whatsoever.
4.3. All the website users should importantly, be prepared to confirm as well as accept that they have been provided with a copy of the loan agreement in between the lender and borrower. All the users should approve that they have read as well as understood all the mentioned terms & conditions of the Loan Agreement and upon implementation, do hereby adhere to the same under any condition.
4.4. If the user learns that any of the personal information given by them, for their Paisaboxx account is being exploited or misused, then they should instantly notify the website without further delay.
4.5. We hold the right to refuse to act on any of the instructions that are received from any user that we believe:
(a) was not clear
(b) was not given by a registered user of the website
(c) may cause us to breach a law
(d) Advises that the website is somehow being misused for any kind of illicit activity.
4.6 Any kind of unauthorized access to our website by the user shall be terminated to use the website temporarily or indefinitely.
4.7. The user should not save/download/print any content of the website to use it in an unauthorized manner for any kind of commercial gain. If done so, then it will be considered a breach of contract thereby initiating legal action.
4.8. The website owns all the rights in refusing or canceling the registration of the users and barring any person from utilizing the website for any specific reason temporarily or indefinitely.
5.1. In case the lender wants to lend, the lender would have the choice of selecting one or even numerous profiles of borrowers to whom the registered lender would want to lend from the different borrowers’ profiles that are mentioned on the website.
5.2. The lender would consent to offer the first loan within the first thirty days from the registration date mentioned on the website.
5.3. Upon finalizing the borrower, the Registered Lender will be able to transfer an amount which is equal to the amount that the borrower wishes to lend without any deduction.
5.4. There would mandatorily be an agreement between the borrower and lender.
5.5. The personal loan amount would be debited to the borrower's bank account.
6.1. Only by posting a requirement of a personal loan and completing the application process on the website, will a borrower be eligible to borrow.
6.2. During the registration process, it is obligatory that the borrower should enter the entire details of his/her bank account for repayment.
6.3. Once a request for a loan is posted, then he/she allow:
a. To provide us with all the specific additional information for the successful processing of the loan.
b. Authorize us in checking the applicant’s credit rating by obtaining the same from the Credit Information Bureau in India.
c. The loan amount that is approved by the Lender is crucial to be accepted by the borrower.
7.1. Any monies obtained from the borrower include the delay charges or late fee or any nature of penal charges.
7.2. These would be recorded as a credit to the lender’s Paisaboxx account. This data can be accessed by logging into the registered accounts of the users.
7.3. All the collected repayments will be transferred to the lender’s Paisaboxx account and the balance would display all the received EMIs on time. However, it may take up to 3 days for the EMI receipt to reflect on the borrower’s Paisaboxx account.
8.1. EMI: The EMIs would commence from the loan disbursement date. The lender would begin earning interest after 5 days from his date of investment or the loan disbursement day, whichever maybe earlier.
8.2. Terms of prepayment: Any borrower who wishes to prepay the loan can do so without any prepayment charges.
8.3. Missed repayments:
In case a borrower fails a timely repayment, he/she should write an email to inform the organization. Upon receipt of any such email, the following actions may be taken:
a. Detailing the charges of the delay.
b. Informing the lender about the delay.
c. If your account is to be reported under the Defaulter’s category.
d. Inform the Credit Information Bureau about the borrower’s payment default.
8.4. Default category borrowers:
A borrower would be categorized as a ‘defaulter’ if:
a. Failure to pay three consecutive payments.
b. If information is received about the borrower’s death.
c. If the borrower is unable to make any further payments under any circumstances.
9.1. Once all repayments of the loan amount have been finished, you may choose to close your loan account by writing an email to us.
9.2. We own the right of terminating the registration of your loan account if you have given any incorrect information or have breached the terms of usage. We also terminate a loan account with us, if we receive a confirmation that the borrower has died.
9.3. We also own the right to terminate your account if suspected that you are associated with any kind of criminal activities and somehow malign the website’s reputation or engage in activities that are not in the interest of our website.
10.1. Service communications to your registered mobile number and email ID would be sent when required by us. Furthermore, they are automated and cannot be terminated.
10.2. Occasional Updates
When you are registered with Paisaboxx, you have the choice of either receiving/not receiving the occasional updates sent by us. This would be according to your approval.
11. While utilizing our website, the user will not engage to display, host, transmit, upload, modify, publish, share or update any information that:
a. Is owned by any other entity.
b. Is harassing, defamatory, profane, pornographic, obscene, and invasive of any other person’s privacy.
c. Tends to harm minors in any way possible.
d. Impersonation of any other identity, falsely misinterprets the affiliation of the user.
e. Is a risk to the integrity, unity, sovereignty & security of India.
12. All rights of the website owners are reserved under the Intellectual Property Rights or IPR. In no situation, should any of these be copied for any reason whatsoever.
We’re a modern fintech company based in Delhi, dedicated to making loans easier and more accessible. Our innovative platform helps you get quick credit with ease, promoting financial inclusion for everyone.
Open Hours:
Mon – Sat: 10:00am to 6:30pm
3rd Saturday & Sunday : Closed
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