Terms & Conditions

1. Introduction

Welcome to CoraLoan (“Application”, “Platform”, “Service”), a digital revolving credit platform operated by BASAGO DIGITECH PRIVATE LIMITED (“we”, “our”, or “us”).

These Terms & Conditions (“Terms”) govern your access to and use of CoraLoan and all related services provided through the Platform.

By downloading, registering, accessing, or using CoraLoan, you acknowledge that you have read, understood, and agreed to be bound by these Terms.

If you do not agree with any part of these Terms, please discontinue use of CoraLoan.

2. About CoraLoan Services

CoraLoan provides a digital platform that enables eligible users to apply for revolving credit facilities based on their financial profile and credit assessment.

The Platform may facilitate:

• User registration
• Identity verification
• Credit assessment
• Revolving credit limit evaluation
• Credit account management
• Repayment management
• Customer support services

Approval of any credit facility is subject to eligibility assessment, applicable policies, and verification procedures.

Submitting an application does not guarantee approval.

3. Eligibility Requirements

To use CoraLoan, you confirm that:

• You are legally eligible to access financial services under applicable Indian laws
• You provide accurate and complete information during registration and application
• You have the legal capacity to enter into agreements
• You will use the Platform only for lawful purposes

We reserve the right to restrict or refuse access if eligibility requirements are not satisfied.

4. Account Registration and User Responsibilities

When creating an account, you agree to:

• Provide truthful and updated information
• Maintain confidentiality of your account credentials
• Prevent unauthorized access to your account
• Immediately notify us of suspected account misuse

You are responsible for all activities conducted through your account.

Providing incorrect, misleading, or fraudulent information may result in suspension or termination of access.

5. Credit Assessment and Revolving Credit Limit

CoraLoan evaluates applications using information provided by users and information collected through authorized methods.

The assessment process may consider:

• Identity information
• Employment details
• Financial information
• Credit-related information
• Other relevant factors permitted by law

The approved revolving credit limit, if any, may vary depending on individual circumstances.

We reserve the right to:

• Approve or reject applications
• Adjust available credit limits
• Review credit eligibility periodically
• Suspend access when risk concerns arise

A credit limit does not represent guaranteed borrowing availability.

6. Use of Credit Facility

If you receive access to a revolving credit facility, you agree to:

• Use funds only for lawful purposes
• Repay amounts according to applicable repayment schedules
• Review all credit-related information before accepting any facility
• Maintain sufficient repayment arrangements

You are responsible for all obligations arising from your accepted credit facility.

7. Repayment Obligations

Users must repay outstanding amounts according to the repayment terms provided during acceptance of the credit facility.

Your repayment obligations may include:

• Principal amount
• Applicable interest charges
• Applicable fees disclosed before acceptance
• Other charges permitted under applicable terms

Failure to repay amounts on time may result in:

• Account restrictions
• Additional applicable charges
• Recovery actions according to applicable laws
• Impact on future credit eligibility

8. User Consent and Authorization

By using CoraLoan, you authorize us to:

• Verify information provided by you
• Conduct necessary credit assessments
• Communicate with you regarding services
• Process information according to our Privacy Policy
• Perform security and fraud prevention checks

All information processing will be conducted in accordance with applicable laws and our Privacy Policy.

9. Prohibited Activities

You agree not to:

• Provide false or misleading information
• Use another person's identity
• Attempt unauthorized access to the Platform
• Interfere with Platform security
• Use CoraLoan for unlawful activities
• Submit fraudulent applications

Violation of these requirements may result in account suspension or termination.

10. Platform Availability

We aim to maintain reliable access to CoraLoan services.

However, availability may be affected by:

• System maintenance
• Technical issues
• Network interruptions
• Regulatory requirements
• Other circumstances beyond our reasonable control

We do not guarantee uninterrupted availability at all times.

11. Intellectual Property Rights

All content, features, designs, software, trademarks, and materials available through CoraLoan are owned by or licensed to BASAGO DIGITECH PRIVATE LIMITED.

You may not:

• Copy
• Modify
• Distribute
• Reverse engineer
• Exploit

any part of the Platform without prior written permission.

12. Privacy and Data Protection

Your personal information is handled according to our Privacy Policy.

By using CoraLoan, you acknowledge that:

• Information may be collected for service purposes
• Data may be processed for credit evaluation
• Authorized partners may receive necessary information
• Security measures are applied to protect your information

Please review our Privacy Policy for complete details.

13. Limitation of Liability

To the extent permitted by applicable law, BASAGO DIGITECH PRIVATE LIMITED shall not be responsible for:

• Loss caused by unauthorized account access
• Temporary service interruptions
• User-provided inaccurate information
• Events beyond reasonable control

Users remain responsible for reviewing and understanding all credit-related terms before accepting any facility.

14. Suspension and Termination

We may suspend or terminate your access to CoraLoan if:

• You violate these Terms
• You provide inaccurate information
• Fraudulent activity is suspected
• Required by legal or regulatory authorities

Termination does not remove any existing repayment obligations.

15. Changes to These Terms

We may update these Terms periodically due to:

• Changes in services
• Regulatory requirements
• Business improvements

Updated Terms will be published through CoraLoan or our official website.

Continued use of CoraLoan after updates indicates acceptance of the revised Terms.

16. Governing Law and Jurisdiction

These Terms shall be governed and interpreted according to the applicable laws of India.

Any disputes arising from these Terms shall be subject to the jurisdiction of competent courts in India.

17. Contact Us

For questions, concerns, or assistance regarding these Terms, please contact:

BASAGO DIGITECH PRIVATE LIMITED

Email: info@basagodigitech.com