Credit Information Terms and Conditions

"Credit Information"

shall mean any information relating to:

1. the amounts and the nature of loans or advances, amounts outstanding under credit cards and other credit facilities granted or to be granted, by a credit institution to any borrower;
2. the nature of security taken or proposed to be taken by a credit institution from any borrower for credit facilities granted or proposed to be granted to him;
3. the guarantee furnished or any other non-fund based facility granted or proposed to be granted by a credit institution for any of its borrowers;
4. the credit worthiness of any borrower of a credit institution; or
5. income and/or expense details of any borrower.

"Credit Score"

means the score which shall be set out in the Credit Information Report and the Credit Data Analysis Deliverables including such credit scores constituting credit scoring as defined in the credit information laws, as may be provided at the sole discretion of the Credit Bureaus, by using their tools, algorithms and devices;

"Credit Data Analysis Deliverables"

means the Credit Score, inferences, rule sets in relation to the Credit Information of the Customer computed by the Credit Bureaus by using their tools, algorithms and devices including, but not limited to, the credit history, the credit behaviour of the Customer and any other information provided in such Credit Information Report and sent to the FHAI Platform, and, the Customer's e-mail, with appropriate aggregations;

"FHAI Platform"

shall mean and include the FHAI Services mobile application and/or platform of FHAI Services (OPC) Pvt. Ltd. and/or its Affiliates.

"You/Yours"

shall mean the customers/entities availing/accessing the Services.

"Personal Information"

means any information that relates to a natural person, which, either directly or indirectly, in combination with other information available or likely to be available with a body corporate, is capable of identifying such a person.

"End User Permitted Purpose"

means access of Credit Information and Personal Information by FHAI Services, use of the Credit Information (including any changes) and Personal Information in the capacity of Your authorized representative/agent for the purpose of providing You access to the said Credit Information (including any changes). This also includes use of Personal Information as well as Credit Information as accessed by FHAI Services, for the purpose of conducting any evaluation and/or assessment and/or investigation and sharing necessary Personal Information as well as results of such evaluation/assessment/investigation with Financial Institutions so that they can ascertain Your creditworthiness/eligibility/identity for offering You financial services/products. This also includes allowing FHAI Services to provide you with personalized offers and products, pursuant to your consent and authorization contained herein, in accordance with applicable laws.