Terms & Conditions

Terms and Conditions for Cash Dhamaka 2023

Under the YubiLoans Platform

These terms and conditions as contained herein ("T&C") specifically applies to a Client and governs the Client's access to and use of the Platform under the specific Program (as defined below).

Definitions

All capitalized terms used but not defined herein shall have the respective meanings prescribed to them in the Platform Terms and Conditions. These T&Cs shall be in addition to the Platform Terms and Conditions. To the extent of any inconsistency between these T&C and Platform Terms and Conditions, these T&C shall prevail.

• "Client" shall mean the business entities seeking loans through LAP Products (as defined below) from the Lenders through Yubi Loans.
• "LAP Products" shall mean mortgage loans / working capital loan for business purpose secured through properties.
• "Lenders" shall mean only such banks and financial institutions which are onboarded on the Yubi Loans platform and not otherwise.
• "Platform Terms and Conditions" shall mean the general terms and conditions applicable to a client and govern the client's access to and use of the product or services offered by CAPL through the Platform and as available at https://www.go-yubi.com/tnc/.
• "Program" shall mean Cash Dhamaka 2023 as more specifically described under Clause 2 (Program Details) hereunder.
• "Platform" shall mean Yubi Loans platform owned and operated by Yubi.
• "Program Period" shall mean the validity of the Program which shall commence from 00:01 hours on 1st February, 2023 and shall extend up to 23:59 hours on 31st March, 2023.
• "Yubi" shall mean back-end digitized infrastructure for debt solutions created, owned, operated, and maintained by Credavenue Private Limited ("CAPL").
• "Yubi Loans" shall mean an online infrastructure platform operated by Yubi for the purpose of term loans and other financial facilities.

2. Program Details

This Program has been structured as an incentivisation scheme for the Client(s) who on-boards on the Platform for the purpose of debt raise through LAP Products offered through the Platform during the Program Period. The incentive scheme which shall be for an amount not exceeding Rs. 15,000/- (Rupees Fifteen Thousand) payable in 3 (three) tranches by Yubi basis completion of particular milestones by the Client as provided below.

2.1 Incentive Based on Milestones

Yubi shall notify the Client upon completion of each of the below mentioned milestones and pay the following amounts as an incentive:

1. Release of deal on the Platform — which includes submission of all required documentation by the Client on the Platform and the deal is released on the Platform. Thereafter, the Client shall be eligible for an amount of Rs. 1,000/- (Rupees One Thousand);
2. Initiation of legal due diligence and property valuation by at least one Lender — Upon successful release of the deal on the Platform, once any Lender initiates the legal due diligence and valuation on the property (which will be visible on the Platform), the Client shall be eligible for an amount of Rs. 4,000/- (Rupees Four Thousand); and
3. Receipt of loan amount by the Client — Finally, once the Client receives a first disbursement from the Lender who was introduced through the Program on the Platform, in accordance with sub-clause (i) and (ii) above, the Client shall be eligible for an amount of Rs. 10,000/- (Rupees Ten Thousand).

2.2 Eligibility Criteria of the Client

The following categories of the Clients are eligible for the benefits under the Program:

1. The eligible Client(s) who is willing to raise debt through the LAP Products through the Platform.
2. The eligible Client(s) who have accepted and agreed to this T&C. Such Clients shall mean to include those who have received the Program details through a communication from the Yubi (whether via email / WhatsApp or any other electronic medium) and upon receipt of such communication, those Clients have been on-boarded on the Platform as a borrower for the purpose of debt raise.
3. The eligible Client(s) should have a valid GST registration certificate for at least 2 (two) years from the date of the Program.
4. The eligible Client(s) should have minimum turnover of INR 1,50,00,000/- (Rupees One Crore Fifty Lacs) in the preceding financial year.
5. The eligible Client(s) should have a CIBIL CMR score between 1 to 7. The Client(s) accordingly shall complete the CIBIL soft-pull process through the Platform available for free of cost for the Client(s).

The Client(s) who have successfully completed each and/or all of the milestones shall receive the incentive as detailed above within 60 days from the date of completion of each of the milestones.

All payments required to be made hereunder to the Client shall be contingent upon the Client providing CAPL with such bank information as CAPL may require. All such payments shall be subject to applicable taxes.

3. Communication of the Program

The Program shall be communicated to the Client by Yubi through emailers and/or SMS (or any other electronic medium) on the Client's registered email address or mobile number only and the Client has provided their consent to be enrolled under the Program.

4. Specific Terms and Conditions

The following specific terms and conditions are applicable to the Client under the Program:

1. This is an exclusive Program for the Platform as provided by Yubi.
2. Yubi reserves the right to modify / change all or any of the terms applicable to this Program at any point of time without prior intimation to the Client.
3. Yubi also reserves the right to modify, withdraw or discontinue the Program without assigning any reasons whatsoever. Neither anything contained in the terms and conditions set out herein nor those forming part of the e-mailers or running this Program shall be construed as an obligation on the part of the Yubi to continue the Program up to the date of termination / expiry of the Program.
4. Participation in this Program is entirely voluntary and it is agreed and understood by the participating Client that participation shall be deemed to have been made on a voluntary basis only.
5. The Program is non-transferable.
6. This Program cannot be clubbed with any other offer / promotion as may be launched by Yubi from time to time.
7. The Program shall not be available wherever it is prohibited under law and/or cannot be made / continued for any reason whatsoever.
8. In all matters relating to this Program, the decision of Yubi shall be final and binding.
9. By participating in the Program, the participating Client agrees to be bound by the terms and conditions contained herein and those terms forming part of the e-mailers and Platform Terms and Conditions.
10. Any tax or other liabilities or charges payable to the government or any other statutory authority / body or any participating bank, which may arise or accrue to the Client, shall be solely borne by the Client. Tax deducted at source, if any, on the monetary value of the Program shall be payable by the Client.
11. Yubi does not guarantee and make any representation about the usefulness, worthiness and/or nature of the services provided by the Lenders.
12. If the Client ceases to be an eligible Client at any time during the currency of the Program Period, all the benefits under the Program shall lapse and shall not be available to Client.
13. By accepting and agreeing to this T&C, the Client agrees to furnish cancelled cheque / bank account statement to Yubi on its Platform to enable Yubi to pass on the benefits under the Program to the Client.

5. Disclaimer

• Yubi shall not be liable in any manner whatsoever for any loss / damage / claim that may arise out of use or otherwise of any services availed by Client under the Program provided by the Lenders.
• Under this Program, Yubi serves as a marketplace for the Client to access the Lenders on the Platform for the purposes of helping the Client to avail credit / debt. However, it is clarified that Yubi or its Platform does not make any commitment to the Client of any guaranteed credit / debt from the Lenders. The decision to sanction the loan to the Client shall be solely by the Lenders and Yubi has no role to play in such sanction or disbursement of the loan.
• All transactions initiated by Yubi in accordance with Clause 2.2 above are on best effort basis and may be subject to technical limitations.

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