Terms Of Use of Credit Fair's Rewards Program

Details Of our Reward Badges (₹500 and ₹3000):


Eligibility:
  1. These rewards are open to all residents of India who are partnered with K.M Global Credit Private Limited (CREDIT FAIR)
  2. This product is not applicable to the following categories of merchants:
    1. Non-Individuals merchants excluding HUF
    2. Non-Resident Indian Merchants
    3. CREDIT FAIR, its Associates, Group companies and their respective employees including their dependents.
    4. Any other person/group/entity/category of merchants as decided by CREDIT FAIR from time to time at its discretion.
  3. By participating the merchant accepts the disclaimer, terms and conditions and privacy policy on Credit Fair’s website
The eligible participant shall be awarded badges and/or monetary incentives as per the decision of Credit Fair
  1. The participant shall be eligible for reward if
    1. Referrer is Resident Individual or HUF
    2. Referee continue to generate business
    3. the partnership of the Referrer is active
    4. the product is active / not withdrawn as per the withdrawal clause
    5. the partnership of Referee opened within 60 calendar days from the date of acceptance by Referee.
  2. CREDIT FAIR's decision on the rewards and validity of reward shall be final, conclusive and binding. All the computations will be after netting off any incentives, pending payments etc
  3. CREDIT FAIR has absolute rights to modify / revise/ amend /alter the percentage, redemption rates, categories of merchant or any terms and conditions of this product at its sole discretion by giving a day's advance notice to me at my registered email id or my registered mobile number or by displaying the same on CREDIT FAIR's website.
  4. CREDIT FAIR shall have exclusive power to close / withdraw this reward by giving 1 day's prior notice to me at my registered email id or my registered mobile number through social media platform / SMS or my last communication address registered with CREDIT FAIR, without assigning any reason.
  5. Post closure / withdrawal by CREDIT FAIR or closure of partnership by me or upon death, CREDIT FAIR shall retain all the merchants referred by me and those merchants shall continue to remain the merchants of CREDIT FAIR or continue to do transactions through CREDIT FAIR and all the Referral bonus shall be forfeited. Further upon my death, my legal heirs / successor / administrator, shall not be eligible to claim the rewards.
  6. The acts, actions taken by CREDIT FAIR are in good faith in response to any oral or electronic instruction or enquiry by me in respect of any matter in relation to this product and fulfilment of any benefits thereon. I shall not be entitled to claim or allege any loss, damage, liability, expense etc. attributable directly or indirectly, to any such good faith action of CREDIT FAIR.
  7. I shall not be eligible for any interest on the accumulated rewards.
  8. The redemption amount shall be subjected to deduction of all applicable taxes/charges, if any.
  9. I indemnify and hold harmless CREDIT FAIR, its Affiliates, group companies/ associates and their respective directors and employees from and against any damage, loss, cost or liability (including all expenses and costs of enforcing rights under this terms and conditions) arising out of or resulting from (i) any use or disclosure (ii) any leakage of the Confidential Information and (iii) breach or violation of any of the covenants or terms of this product.
  10. All or any disputes arising out of or in connection with this product, shall be Referee to arbitration under the provisions of the Arbitration and Conciliation Act 2015 or as may be amended from time to time. The arbitration proceedings shall be presided by a sole arbitrator appointed by CREDIT FAIR. The venue of arbitration shall be at Mumbai and language of the Arbitration shall be English. The Court in Mumbai shall alone shall have exclusive jurisdiction over any dispute.
  11. This reward cannot be clubbed with any other offer /promotional product offered by CREDIT FAIR.
  12. CREDIT FAIR shall not be held liable/responsible for any actions, claims, demands, losses, damages, costs, charges and expenses, which I may suffer, sustain or incur by participating in this product.
  13. My relationship with CREDIT FAIR shall be on a principal to principal basis and nothing contained in this document shall be construed to create any relationship of agency, partnership, joint venture and/or employment. CREDIT FAIR at its sole discretion shall have the absolute right to accept or reject the merchants being referred without assigning any reason to me. The decision of CREDIT FAIR in this regard shall be final, binding on me and not questionable.
  14. Under no circumstances, I will represent as an agent of CREDIT FAIR to those merchants who are interested in accessing the financing option through CREDIT FAIR and induce or lure the said merchants in accessing the financing facility through CREDIT FAIR. It is clearly understood that my role is very limited to the extent of referring merchants to CREDIT FAIR to get them registered as merchants of CREDIT FAIR and that I shall not offer any facility for the said merchants for trading in secondary markets through CREDIT FAIR. Further, I shall be liable for all consequences that arise as a result of any activity carried out by me outside my role defined herein as a Referrer.
  15. I shall not represent or act on behalf of CREDIT FAIR.
In case you require any clarification or have any concern, kindly write to us at below email id: ops@creditfair.in