1. Introduction and Acceptance of Terms
These Terms of Service ("Terms") are entered into by and between You and Loan Baumen, a service provided by BAUMEN SERVICES PRIVATE LIMITED ("Company," "we," or "us").
The following terms and conditions, together with any documents they expressly incorporate by reference (collectively, "Terms of Service"), govern your access to and use of the Loan Baumen platform, available at loanbaumen.com, including any content, functionality, and services offered on or through the platform (the "Platform"), whether as a guest or a registered user.
Please read these Terms of Service carefully before you start to use the Platform. By using the Platform, you accept and agree to be bound by these Terms of Service and our Privacy Policy, found at Privacy Policy, incorporated herein by reference. If you do not want to agree to these Terms of Service or the Privacy Policy, you must not access or use the Platform.
The platform is operated by BAUMEN SERVICES PRIVATE LIMITED (Loan Service Provider), and the lender for the services offered on the platform is JAGRAWAL CREDITS PRIVATE LIMITED (NBFC Lender).
2. Data Sharing and Privacy
In order to provide our services, we may share your personal data with the following third parties:
Credit Evaluation Agencies
We may share your financial information with partnered credit evaluation agencies to assess your creditworthiness.
Identity Verification Services
We may share your personal information with identity verification companies to confirm your identity.
Before sharing such data, we ensure that appropriate confidentiality agreements are in place with third-party service providers, ensuring they use your data solely for the purposes outlined in this agreement.
You can always contact our customer service team for more information and to exercise your data access rights.
3. SMS Data Collection Policy
SMS Permission Usage for Fraud Prevention and Identity Verification
We request access to your SMS messages to enhance the security of your account and prevent fraudulent activities. Specifically, we use SMS access for the following purposes:
Fraud Prevention: The app scans financial-related SMS messages to detect any suspicious transactions or potentially fraudulent activities in real-time, helping to secure your account.
Identity Verification: The system may use SMS data to cross-verify identity information during the loan approval process, ensuring that the individual requesting the loan is verified and that no fraudulent activities are involved.
Note: The SMS data is used only for fraud prevention and identity verification purposes. It is not used for any marketing, advertising, or other unrelated purposes. We take your privacy seriously and ensure that all data is processed securely and in compliance with relevant data protection laws.
Data Storage: We will securely store your SMS data, ensuring it is only used for identity verification and fraud prevention.
Data Protection: We will take appropriate technical measures to prevent SMS data from being leaked or accessed without authorization.
Data Destruction: Your SMS data will be stored as necessary for the verification process and securely destroyed after completion.
4. Cookies and Tracking Technologies
By using our platform, you agree to the use of cookies and other tracking technologies to enhance your experience. Cookies help us remember your preferences and provide personalized content. For detailed information on the cookies we use and how we use them, please refer to our Privacy Policy.
5. Account Access and Security - Loan Baumen
Ensuring Access to the Platform: You must make all necessary arrangements to ensure you can access the Loan Baumen platform, including obtaining the proper equipment and internet access.
Compliance of All Users: You are also responsible for ensuring that anyone who accesses the Platform through your internet connection is aware of and complies with these Terms of Service.
Providing Accurate Information: In order to access certain features or services on the Platform, you may be required to provide certain registration details or other necessary information. It is your responsibility to ensure that the information you provide is accurate, current, and complete. By registering or using the Platform, you agree that all information you submit will be governed by our Privacy Policy. You consent to our handling of your data in accordance with that policy.
Account Security: If you are provided with a username, password, or any other security information as part of our security protocols, you are required to keep that information confidential. You must not share your login credentials with anyone else, and you acknowledge that your account is personal to you. You agree not to give any other person access to the Platform using your username, password, or other security details.
Unauthorized Access: You agree to notify us immediately if you become aware of any unauthorized use of your username or password, or if you suspect that your account has been compromised. You must take immediate action to protect your account from any unauthorized access.
Logging Out: For your safety, you agree to log out of your account at the end of each session, especially when using public or shared computers. This will help protect your personal information from being accessed by others.
Right to Disable Access: We reserve the right to suspend or disable your username, password, or other security identifiers at our sole discretion, without prior notice, if we believe you have violated any of these Terms of Service.
By following these guidelines, you help ensure the security and integrity of your account and the Loan Baumen platform.
6. Trademarks
The Company's name, logo, and all affiliated names, logos, product and service names, designs, and slogans are trademarks owned by BAUMEN SERVICES PRIVATE LIMITED or its affiliates or licensors. You are prohibited from using these marks without prior written permission from the Company. All other names, logos, product and service names, designs, and slogans on this Platform are the trademarks of their respective owners.
7. Unacceptable Conduct
You may utilize the Platform only for lawful purposes and in compliance with these Terms of Service. You agree not to use the Platform:
In any manner that violates any applicable federal, state, local, or international laws or regulations (including, but not limited to, export laws and regulations).
To exploit or harm minors by exposing them to inappropriate content, soliciting personally identifiable information, or any other harmful activities.
To send, receive, upload, download, use, or re-use any material that does not comply with the Content Standards outlined in these Terms of Service.
To transmit or solicit the transmission of any advertising or promotional material, including "junk mail," "chain letters," "spam," or any similar forms of solicitation.
You also agree not to:
Use the Platform in a manner that could disable, overload, damage, or impair the site.
Use any device, software, or routine that interferes with the proper operation of the Platform.
Attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Platform, or any server, computer, or database connected to the Platform.
8. User Contributions
All User Contributions must adhere to the Content Standards outlined in these Terms of Service.
By providing any User Contribution on the Platform, you grant us, our affiliates, and service providers, as well as their and our respective licensees, successors, and assigns, the right to use, reproduce, modify, perform, display, distribute, and disclose such material to third parties.
9. Monitoring and Enforcement; Termination
We reserve the right to:
Remove or decline to post any User Contributions at our discretion.
Take any action with respect to any User Contribution that we deem necessary or appropriate, including legal actions.
10. Disclaimer
All content provided through the Loan Baumen platform is for informational purposes only. The information provided is not intended as financial advice, and we strongly recommend that you seek independent advice before making any financial decisions. The services and information provided are "as is" and "as available," without any warranties or guarantees. BAUMEN SERVICES PRIVATE LIMITED and JAGRAWAL CREDITS PRIVATE LIMITED do not guarantee the accuracy, reliability, or completeness of the services.
11. Limitation of Liability
To the fullest extent permitted by law, neither BAUMEN SERVICES PRIVATE LIMITED, its affiliates, employees, directors, nor contractors shall be liable for any damages, including direct, indirect, incidental, special, or consequential damages, arising from your use of the Loan Baumen platform or the services provided. This includes, but is not limited to, any errors or omissions in the content, delays, interruptions, or failure of the platform.
12. Third-Party Services
In order to provide our services, BAUMEN SERVICES PRIVATE LIMITED may utilize third-party providers for tasks such as credit assessments and identity verification. By agreeing to these Terms of Service, you consent to BAUMEN SERVICES PRIVATE LIMITED sharing your personal information with third-party services as necessary for assessing your creditworthiness and complying with legal requirements, including those under the Anti-Money Laundering and Counter-Terrorism Financing Act.
13. Electronic Communication
By accepting these Terms of Service, you agree that BAUMEN SERVICES PRIVATE LIMITED may communicate with you electronically. This includes sending important notifications, account updates, and other documents via email, SMS, or other digital means. It is your responsibility to ensure your devices can receive such communications.
14. Access to the Service
BAUMEN SERVICES PRIVATE LIMITED reserves the right to modify, suspend, or terminate any services or content provided on the Loan Baumen platform at any time without prior notice. We are not liable for any service interruption or unavailability.
15. Identification
As part of the loan application process, BAUMEN SERVICES PRIVATE LIMITED will request that you provide your ID documents to verify your identity. By agreeing to these Terms of Service, you confirm that you are authorized to provide the necessary identification details, and that the details will be verified against records held by the relevant Issuer or Official Record Holder.
16. Indemnification
You agree to defend, indemnify, and hold harmless BAUMEN SERVICES PRIVATE LIMITED, its affiliates, licensors, and service providers, as well as its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims or liabilities arising out of or related to your violation of these Terms of Service.
17. Copyright
The content of the Loan Baumen platform, including text, graphics, logos, and other materials, is the property of BAUMEN SERVICES PRIVATE LIMITED or its licensors and is protected by Indian and international copyright laws. You are not permitted to copy, reproduce, or distribute any of the content without the express written consent of BAUMEN SERVICES PRIVATE LIMITED.
18. Governing Law and Jurisdiction
These Terms of Service are governed by the laws of India, and any disputes arising from the use of the Loan Baumen platform shall be subject to the jurisdiction of the courts located in New Delhi, India.
19. Arbitration
We may require you to submit any disputes arising from these Terms of Service or your use of the Platform to binding arbitration under the Indian Arbitration and Conciliation Act.
20. Contact Information
For any queries related to these Terms or for support regarding the Loan Baumen platform, please reach us at:
Contact Details
help@baumenservices.com
Phone
+91 8942025628
Registered Address
Flat No. 567, Pocket-C, Block-A, 3rd Floor
Lok Nayak Puram, Bakkarwala, POLE NO.-MQK
West Delhi, Delhi, India - 110041
21. Other Provisions
Failure by BAUMEN SERVICES PRIVATE LIMITED (the "Company") to insist on or enforce strict performance of any provision of these Terms of Service shall not be construed as a waiver of any provision or right. The course of conduct between the parties or trade practice shall not modify or waive any provision of these Terms of Service. BAUMEN SERVICES PRIVATE LIMITED reserves the right to assign its rights and duties under these Terms of Service to any third party at any time without prior notice to you.
If any provision of these Terms of Service is determined to be invalid, void, or for any reason unenforceable, that provision shall be deemed severable and shall not affect the validity or enforceability of any remaining provisions. All rights not expressly granted herein are reserved by BAUMEN SERVICES PRIVATE LIMITED.
Failure by BAUMEN SERVICES PRIVATE LIMITED (the "Company") to insist on or enforce strict performance of any provision of these Terms of Service shall not be construed as a waiver of any provision or right. The course of conduct between the parties or trade practice shall not modify or waive any provision of these Terms of Service. BAUMEN SERVICES PRIVATE LIMITED reserves the right to assign its rights and duties under these Terms of Service to any third party at any time without prior notice to you.
If any provision of these Terms of Service is determined to be invalid, void, or for any reason unenforceable, that provision shall be deemed severable and shall not affect the validity or enforceability of any remaining provisions. All rights not expressly granted herein are reserved by BAUMEN SERVICES PRIVATE LIMITED.