Terms and Conditions

1. Introduction

Welcome to Kredit724. These Terms and Conditions govern your use of our mobile application and services. By downloading, installing, or using the Kredit724 app, you agree to be bound by these terms. Kredit724 is a digital lending platform. Our lending partner is NARAINSONS INVESTMENTS FINANCE AND CONSULTANCY PRIVATE LIMITED.

2. Definitions

• "App" refers to the Kredit724 mobile application
• "User" or "You" refers to any person who downloads, installs, or uses the App
• "We", "Us", or "Kredit724" refers to the company and its services
• "Loan" refers to any nano loan provided through the App
• "PAN" refers to the Permanent Account Number issued by Income Tax Department
• "Aadhaar" refers to the Aadhaar number issued by UIDAI

3. Eligibility Criteria

To use Kredit724 services, you must meet the following criteria:

• Be at least 18 years of age
• Be an Indian citizen with a valid PAN Card/Aadhaar
• Have an active bank account or UPI in your name
• Have an active Indian mobile number
• Provide accurate and truthful information during registration
• Not be listed on any defaulter or blacklist by financial institutions

4. Loan Products and Terms

Kredit724 offers the following loan terms:

All loans are subject to approval based on our credit assessment criteria. The final loan amount, interest rate, fees, repayment schedule and charges are disclosed before acceptance through the Key Facts Statement (KFS) and loan agreement.

5. Application Process

1. Download the Kredit724 app from Google Play Store
2. Register using your mobile number and verify with OTP
3. Upload clear photos of your PAN Card/Aadhaar
4. Take a verification selfie for identity confirmation
5. Provide basic personal and employment information
6. Select your desired loan amount and duration
7. Review and accept the loan agreement carefully
8. Upon approval, receive funds directly in your mobile wallet or bank account

6. Repayment Terms

You agree to repay the loan amount plus any applicable charges by the due date specified in your loan agreement.

Repayment Methods:

• UPI (GPay, PhonePe) transfer
• Bank transfer (IMPS/NEFT)

Early repayment is allowed without any additional penalties. Failure to repay on time will result in penalty charges and may affect your credit score and future loan eligibility.

7. User Responsibilities

As a user, you are responsible for:

• Providing accurate, current, and complete information
• Keeping your account credentials confidential and secure
• Notifying us immediately of any unauthorized access to your account
• Using the loan amount responsibly and for legal purposes
• Making timely repayments as agreed in the loan contract
• Reading and understanding all terms before accepting a loan
• Not using the App for any illegal or fraudulent activities

8. Consent and Authorization

By using Kredit724, you explicitly consent to:

• The collection, storage, and processing of your personal data
• Credit checks and verification procedures through authorized bureaus
• Communication via SMS, email, phone calls, and app notifications
• Recording of interactions for quality assurance and training purposes
• Sharing of data with regulatory authorities as required by law

Important: All loans are processed only with your explicit consent. You can click "Quit" anytime during the application process to cancel.

9. Cancellation and Refund Policy

If you applied for a loan by mistake, you may request cancellation under the following conditions:

• Request must be made within 24 hours of loan disbursement
• Full loan amount must be repaid within 24 hours
• Contact customer support for free cancellation assistance

After 24 hours, standard repayment terms and conditions will apply.

10. Default and Collection

In case of default:

• Late payment penalties will be applied as per the loan agreement
• Your information may be reported to credit bureaus
• Collection activities may be initiated through authorized channels
• Legal action may be taken to recover outstanding amounts

We encourage you to contact our support team if you face difficulty in repayment. We may offer restructuring options based on your situation.

11. Limitation of Liability

Kredit724 shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from the use of our services. We are not responsible for technical failures, network issues, delays in processing, or unauthorized access to your account due to your negligence. Our total liability shall not exceed the loan amount disbursed to you.

12. Intellectual Property

The Kredit724 app, including its design, logos, trademarks, and content, is the intellectual property of Kredit724. You may not copy, modify, distribute, or create derivative works without our express written permission.

13. Amendments to Terms

Kredit724 reserves the right to modify these Terms and Conditions at any time. Changes will be communicated through the app, email, or our website. Your continued use of the service after changes constitutes acceptance of the modified terms. It is your responsibility to review these terms periodically.

14. Governing Law

These Terms and Conditions shall be governed by and construed in accordance with the laws of India. Any disputes arising from these terms shall be subject to the exclusive jurisdiction of the courts in H-165, Sector-63, Noida, Noida, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301.

15. Contact Information

For questions, concerns, or complaints regarding these terms, please contact us: