Welcome to the website www.cylsys.com (the
"Website"). These terms and conditions ("Terms") shall govern your use
of our website. We advise that you review these Terms and the Privacy
Policy carefully, including the dispute resolution/arbitration clause
set out in Para 15 of these Terms.
This document/agreement/understanding is an electronic record in terms of Information Technology Act, 2000 and generated by a computer system and does not require any physical or digital signatures. This document is published in accordance with the provisions of Rule 3 of the Information Technology (Intermediaries guidelines) 2011.
By contacting us through our Website you are authorizing us, our partners and advertisers to give you a call/sms/e-mail to offer you their services for the product you have opted for, for imparting product knowledge, for offering promotional offers running on the Website and for providing offers offered by the associated third parties. Irrespective of the fact if also you have registered yourself under DND or DNC service still you authorize us to give you a call/sms/e-mail from the Website, partners and Advertisers for the above mentioned purposes till 90 days of your registration with us.
By accepting our Terms you also authorize our partners/affiliates to run a credit check for your profile.
You understand that the Website is merely an online / digital platform
bringing together consumers, financial institutions, data partners and
other partners. You also understand that the Website is merely a
facilitator providing the Platform for any Person in need of financial
products such as consumers, financial institutions, data partners and
other partners etc.
The Website and the Company do not provide Loans on its own but ensure that the information you provide to the Website is sent to the partnering financial institution which you have opted for on the Website. You acknowledge that all financial products/services are on discretion of the partnering financial institutions and Advertisers. The Website and the Company are not liable for any deficiency of service on the part of the partnering financial institution or any breach of contract by the partnering financial institution to which the information is sent. The Website and the Company are not responsible if the loan is not sanctioned or disbursed by the partnering financial institution for any reason whatsoever.
The Website provides general information and such information must not be deemed by you to constitute, financial or other advice or a recommendation to purchase any product or service. We strongly advise that independent professional advice be obtained by you before you purchase any product and/or service from any financial institution via the Website.
The Company is not a Financial Institution under the Companies Act, 1956, Companies Act, 2013 or the Banking Regulation Act, 1949 or any other laws for the time being in force in India. The Company is also not a deposit taking company or a chit fund or a company offering any investment schemes as per the rules and regulations for the time being in force in India.
You unequivocally declare and agree that you are a natural / legal person who has attained the age of at least 18 years and are legally allowed to enter into a contract in India. If you violate any of these Terms, or otherwise violate an agreement entered into through the medium of the Website, the Company may terminate your membership, delete your profile and any content or information posted online by you on the Website and / or prohibit you from using or accessing the Website at any time in its sole discretion, with or without notice, including without limitation.
The Website is intended for personal, non-commercial use. You are
responsible for maintaining the secrecy of your passwords, login and
account information. You will be responsible for all use of the
Website by you and anyone using your password and login information
(with or without your permission).
You also agree to provide true, accurate, current and complete information about yourself as prompted by the Website. If you provide any information that is untrue, inaccurate, not current or incomplete (or becomes untrue, inaccurate, not current or incomplete), or the Company has a reasonable suspicion that such information is untrue, inaccurate, not current or incomplete, the Company has the right to suspend or terminate your account and refuse any and all current or future use of the Website (or any portion thereof) or service/products in connection thereto. The usage of the Website may also require you to provide consent for keying in your Sensitive Information ("SI") (including but not limited to user ids and passwords), as may be necessary to process your application through this Website. Sensitive information keyed in shall be required for enabling hassle-free, faster and paperless (to the extent possible) processing of applications for financial products so opted / availed by you. The Company shall adhere to best industry practices including information security, data protection and privacy law while processing such applications and the sensitive information interface where keying in of SI is required shall not be stored. However, the Company shall not be liable to you against any liability or claims which may arise out of such transactions.
You may only use the Website to search for and to apply for financial products of financial institutions as may be displayed on the Website from time to time and you shall not use the Website to make any fraudulent applications. You agree not to use the Website for any purpose that is unlawful, illegal or forbidden by these Terms, or any local laws that might apply to you. Since the Website is in operation in India, while using the Website, you shall agree to comply with laws that apply to India and your own country (in case of you being a foreign national). We may, at our sole discretion, at any time and without advance notice or liability, suspend, terminate or restrict your access to all or any component of the Website.
You are prohibited from posting or transmitting to or through this website: (i) any unlawful, threatening, libelous, defamatory, obscene, pornographic, or other material or content that would violate rights of publicity and/or privacy or that would violate any law; (ii) any commercial material or content (including, but not limited to, solicitation of funds, advertising, or marketing of any goods or services); and (iii) any material or content that infringes, misappropriates or violates any copyright, trademark, patent right or other proprietary right of any third party. You shall be solely liable for any damages resulting from any violation of the foregoing restrictions, or any other harm resulting from your posting of content to this website.
You acknowledge and agree that the Company owns all legal right, title
and interest in and to the Website, including any intellectual
property rights which subsist in the Website (whether those rights are
registered or not). You further acknowledge that the Website may
contain information which is designated confidential by the Website
and that you shall not disclose such information without the Company's
prior written consent.
The Company grants you a limited license to access and make personal use of the Website, but not to download any material from it (other than page caching) or modify it, or any portion of it, except with express written consent of the Company and / or its affiliates, as may be applicable. Any unauthorized access to the Website or any networks, servers or computer systems connected to Website and any attempt to modify, adapt, translate or reverse engineer any part of the Website or re-format or frame any portion of the pages of the Website, save to the extent expressly permitted by these Terms, is not permitted. This license is non-transferable and does not permit any resale or commercial use of the Website or its contents; any downloading or copying of account information for the benefit of anyone other than your use; or any use of data mining, robots, or similar data gathering and extraction tools. This Website or any portion of this Website (including but not limited to any copyrighted material, trademarks, or other proprietary information) may not be reproduced, duplicated, copied, sold, resold, visited, distributed or otherwise exploited for any commercial purpose without express written consent of the Company and / or its affiliates, as may be applicable. Any unauthorized use of the Website shall terminate the permission or revoke the license granted by the Company.
The Company has the right and liberty to monitor the content of the Website at all times which shall include information provided in your account. The monitoring of the Website is important to determine the veracity of the information provided by you and that every User remains in consonance with the Terms provided herein. Subject to the Terms mentioned herein the Company shall also have the liberty to remove any objectionable content which is in contravention of the Terms herein or share such information with any governmental authority as per procedures laid down by the law for the time being in force in India.
The Company may wish to stop providing the services through the Website, and may terminate your use of it at any time without giving notice of termination to you. Unless the Company informs you otherwise, upon any termination, (a) the rights and licenses granted to you in these terms will end; and (b) You must stop using the Website. The Company reserves the right to suspend or cease providing any service related to the Website and shall have no liability or responsibility to you in any manner whatsoever if it chooses to do so.
The Website may provide links to other third party websites. However since the Company has no control over such third party websites, you acknowledge and agree that the Company is not responsible for the availability of such third party websites, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such third party websites. You further acknowledge and agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such third party websites.
The Website and all content and services provided on the Website are provided on an "as is" and "as available" basis. The Company expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, and security and accuracy, as well as all warranties arising by usage of trade, course of dealing, or course of performance. The Company makes no warranty, and expressly disclaims any obligation, that: (a) the content will be up-to-date, complete, comprehensive, accurate or applicable to your circumstances; (b) The Website will meet your requirements or will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Website or any services offered through the website will be accurate or reliable; or (d) the quality of any products, services, information, or other material obtained by you through the website will meet your expectations.
The Company (including its officers, directors, employees, representatives, affiliates, and providers) will not be responsible or liable for (a) any injury, death, loss, claim, act of god, accident, delay, or any direct, special, exemplary, punitive, indirect, incidental or consequential damages of any kind (including without limitation lost profits or lost savings), whether based in contract, tort, strict liability or otherwise, that arise out of or is in any way connected with (i) any failure or delay (including without limitation the use of or inability to use any component of the Website), or (ii) any use of the Website or content, or (iii) the performance or non-performance by us or any partnering financial institution, even if we have been advised of the possibility of damages to such parties or any other party, or (b) any damages to or viruses that may infect your computer equipment or other property as the result of your access to the Website or your downloading of any content from the Website.
You agree to indemnify, save, and hold the Company, its affiliates,
contractors, employees, officers, directors, agents and its third
party associates, licensors, and partners harmless from any and all
claims, demands, losses, damages, and liabilities, costs and expenses,
including without limitation legal fees and expenses, arising out of
or related to your breach of this Terms, your violation of any law or
the rights of a third party, or your use of the website.
The Company reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify the Company, including rights to settle, and you agree to cooperate with the Company’ defense and settlement of these claims. The Company will use reasonable efforts to notify you of any claim, action, or proceeding brought by a third party that is subject to the foregoing indemnification upon becoming aware of it. This paragraph shall survive termination of these Terms.
You acknowledge that the Website is a platform bringing Users and financial institutions together and that the Company is not engaged in either grant of loan or borrowing any money. The Company in no manner warrants or guarantees the performance of a service provider that is providing services through the Website. You acknowledge that the Company in no manner guarantees that the financial institutions have provided all the information on this Website which is true and correct including details about their services, addresses, phone numbers etc. You acknowledge that it is your responsibility to verify such information and the Company is in no manner liable if the information provided on this Website is untrue or incorrect. You acknowledge that the Company is in no manner responsible for any claim of money or damages in the event that a loan is either not granted, or sanctioned or disbursed or misrepresentation or fraud or any other such illegal act on the part of the financial institutions whose services or products are sought to be accessed through the website.
You are licensing to the Company and its service providers, affiliates and partners, any information, data, passwords, materials or other content (collectively, "Content") you provide through or to the Website. The Company and its service providers, affiliates and partners may use, modify, display, distribute and create new material using such Content to provide its services to you. The Company and its service providers, affiliates and partners may also use, sell, license, reproduce, distribute and disclose aggregate, non-personally identifiable information that is derived through your use of the Website. By submitting Content, you automatically agree, or promise that the owner of such Content has expressly agreed that, without any particular time limit, and without the payment of any fees, the Company and its service providers, affiliates and partners may use the Content for the purposes set out above. As between the Company and its service providers, affiliates and partners, the Company owns your confidential account information.
By using the Website, you authorize the Company and its service providers, affiliates and partners to access third party sites designated by you, on your behalf, to retrieve information requested by you, and to register for accounts requested by you. For all purposes hereof, you hereby grant the Company and its service providers, affiliates and partners a limited power of attorney, and you hereby appoint the Company and its service providers, affiliates and partners as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and stead, in any and all capacities, to access third party internet sites, servers or documents, retrieve information, and use your information, all as described above, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such activities, as fully to all intents and purposes as you might or could do in person. YOU ACKNOWLEDGE AND AGREE THAT WHEN COMPANY OR ITS SERVICE PROVIDERS OR ITS AFFILIATES OR ITS PARTNERS ACCESSES AND RETRIEVES INFORMATION FROM THIRD PARTY SITES, COMPANY AND SERVICE PROVIDER ARE ACTING AS YOUR AGENT, AND NOT THE AGENT OR ON BEHALF OF THE THIRD PARTY. You agree that third party account providers shall be entitled to rely on the foregoing authorization, agency and power of attorney granted by you. You understand and agree that the service is not endorsed or sponsored by any third party account providers accessible through the service.
The laws of the India, without regard to its conflict of laws rules,
will govern these Terms and Conditions, as well as your and our
observance of them. In any dispute or legal action relating to your
use of the Website or these Terms, the courts located in Mumbai, India
shall have exclusive jurisdiction. In any legal action that may be
initiated, the prevailing party will be entitled to recover all legal
expenses incurred in connection with the legal action, including but
not limited to costs, both taxable and non-taxable, and reasonable
You may not assign or otherwise transfer your rights or obligations
under these Terms. The Company may assign its rights and duties under
these Terms without any such assignment being considered a change to
the Terms and without any notice to you. If we fail to act on your
breach or anyone else's breach on any occasion, we are not waiving our
right to act with respect to future or similar breaches. You will
observe these other terms and conditions. If any of these Terms is
found to unenforceable or invalid by a court, that Term will be
enforced to the fullest extent permitted by applicable law and the
other Terms will continue to remain valid and enforceable.
These Terms, together with those agreements made a part of these Terms by reference, make up the entire agreement between the Company and you relating to your use of the Website, and replace any prior understandings or agreements (whether oral or written) regarding your use of the Website. You agree that Service Provider is a third party beneficiary of the above provisions, with all rights to enforce such provisions as if Service Provider were a party to this Terms and Conditions.
You must be at least 18 years of age to use the Service, and you must
be the subject of the credit report that you are seeking. You agree
not to use the Request Form to attempt to obtain Credit Report about
any other person other than you.
You hereby authorize Cylsys to do all of the following in connection with providing you the Services:
Cylsys may communicate you via email, text or online display or other means of delivery in Cylsys’s logical sole discretion. You hereby agree that your endorsement shall be adjacent with your account with Cylsys, which will enable Cylsys to present you with your credit report from time to time. This authorization shall be straight away and automatically terminated with the deactivation of your account.
If you leave any enquiry on our Cylsys’s page, you authenticate that your user id and password can be created by Cylsys.
Please feel free to share your feedback with us. We will assume no
responsibility for reviewing unsolicited ideas and will not incur any
liability as a result of any similarities between those ideas and
materials that may appear in future on the Website. Please do not
reveal trade secrets or other confidential information in your
messages to the Company or the Website. Any and all rights to
materials submitted to us become the exclusive property of the
You can write to us on: email@example.com