Terms of Service

NoPaperForms Solutions Private Limited (NPF) through its product Collexo is technology and operating partner to its financing partners. As a service provider, Collexo is fully responsible for communicating, transacting and processing on behalf of its financing partners. At no point, Collexo is represented as a lending company that lends money on it's own accord. Collexo provides services to various banking & financial services companies and Non-banking Financial Companies (NBFC) (collectively referred to as 'Lending Partners') as a 'Servicer'. Collexo has developed technology for evaluating credit worthiness using customer data collected through loan application and other credit verification documents of the customer. Please refer to your Loan Agreement for details on your contract with the Financing Partner.

List of Financing Partners that Collexo is associated with include

Eduvanz Financing Private Limited

Please refer to your Loan Agreement for details on your contract with the Financing Partner.

  1. You declare that all the particulars and information provided by you in this application form are true, correct, complete and up-to-date in all respects and that you have not withheld any information whatsoever.
  2. You hereby declare that you are 18 years of age or above, sound person being competent to contract and an Indian resident and citizen.
  3. By clicking on “Next” or registering with us, you understand and agree to be bound by these terms and conditions, the Privacy as well as any other terms and conditions displayed on our website.
  4. You confirm that you have/had no insolvency proceedings against me nor have you ever been adjudicated insolvent by any court or other authority and you further confirm that you have read the information on various loan products made available on behalf of it's financing partners by NoPaperForms Solutions Private Limited through its product Collexo (hereinafter referred to as “Collexo”) on the website www.collexo.com
  5. You authorize Collexo , by itself or on behalf of it's financing partners, to exchange, share all information and details as provided by me in my application and in relation to my existing loans and/or repayment history to any third party including but not limited to its financing partners, service providers, banks, financial institutions, credit bureaus, telecommunication companies, statutory bodies, etc. for customer verification, personalization of products or services, credit rating, data enrichment, marketing or promotion of Collexo services or related products or that of its associates and affiliates or for enforcement of your obligations and you shall not hold Collexo (or any of its financing partners or its/their agents/representatives) liable for the use/sharing of the information as stated above.
  6. You agree and affirm that Collexo or any of it's financing partners, may contact me and communicate with me over telephonic calls, whatsapp, or SMS on the mobile number mentioned in the application, or through any other communication mode (“Communication Modes”) to verify the details provided by me on the application. Further, You confirm that you would like to know through the above mentioned Communication Modes various loan offer schemes or loan promotional schemes or any other promotional schemes relating to various products/services offered by Collexo and/or its associated partners from time to time and hereby authorize Collexo, employees, agents, associates to contact me from time to time for the same.
  7. You agree and confirm that laws in relation to the unsolicited communication referred to in the “National Do Not Call Registry” (the “NDNC Registry”) as laid down by the Telecom Regulatory Authority of India will not be applicable for such communication/calls/ SMSs received from Collexo, its employees, agents and/or associates.
  8. By using the Website or Collexo Services, you authorize Collexo, directly or through third parties, to make any inquiries we consider necessary to validate your identity and to collect information about you in accordance with our Privacy Policy. This may include asking you for further information that will allow us to reasonably identify you, requiring you to take steps to confirm ownership of your email address or financial instruments, or verifying your information against third party databases or through other sources. We may also ask you for identifying documents to help us validate your identity. Collexo reserves the right to close, suspend, or limit access to your account and/or the Services in the event Collexo is unable to obtain or verify this information.
  9. By using the Collexo Service, you give Collexo or its financing partners permission to obtain your credit report from RBI registered credit bureaus in connection with the review of your application for credit. A credit report may also be requested in connection with a credit extension, credit limit request, account renewal, account collection action or dispute investigation. You understand and acknowledge that Collexo or its partner financing institutions may report negative information (such as late payments, missed payments, or other defaults) about your account to credit reporting agencies.
  10. You agree to allow Collexo to send you payment reminders from time-to-time. Notwithstanding whether you have consented, you agree that payment reminders may take the form of any available communication. You also agree that if you fail to pay an amount owed to the Financing Partner pursuant to this Agreement, Collexo may engage in collection efforts to recover such amounts from you. These collection efforts may involve contacting you directly, submitting your information to a collections agency, or taking legal action. FAILURE TO PAY MAY AFFECT YOUR CREDIT SCORE.
  11. You undertake to keep Collexo updated of any change in the information provided by you in this application form.
  12. You understand and acknowledge that Collexo shall have the absolute discretion, without assigning any reason to reject my loan application on behalf of it's financing partner and that Collexo shall not be responsible/liable in any manner whatsoever for such rejection.
  13. You further understand and agree that pursuant to this application form, You will be required to submit documents to the satisfaction of Collexo and it's financing partners and accept the loan terms and conditions for availing the loan granted to me by financing partners of Collexo from time to time.
  14. You are responsible for maintaining the secrecy of my passwords, login and account information. You will be responsible for all use of the Website by me and anyone using my password and login information (with or without my permission). You will only use the Website to search for and to apply for loans and should 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.
  15. Every reasonable effort is made to keep the website up and running smoothly. However, we take no responsibility for and will not be liable for the website being temporarily unavailable due to technical issues beyond our control.
  16. We may share your Information with such third parties without the need for further consent from you. Where any of your Information is required for such a purpose, we will take all reasonable steps to ensure that your Information will be handled safely, securely, and in accordance with your rights, our obligations, and the obligations of the third party under the law.
  17. You agree to indemnify Collexo and its financial partners, its respective directors, officers, employees and agents and representatives from and against any and all claims, actions, suits or proceedings, as well as any and all losses, liabilities, damages, costs and expenses (including reasonable legal fees) arising out of:
    • Any misrepresentation, act or omission made by you in connection with your use of our services or website;
    • Any non-compliance by you with these Terms.
  18. You provide your consent for Collexo and it's authorized partners, employees and associates to access any information/documents that the educational institute may possess relating to yours or the student's admission, progress of education, performance during the course and any other relevant information.
  19. Our Services include multiple financial products, so sometimes additional terms and requirements specific to these products or services (including age requirements) may apply. Additional terms will be available with the relevant Services, and those additional terms become part of your agreement with us if you use those Services.
  20. While availing any of the payment method/s available on the Website, we will not be responsible or assume any liability, whatsoever in respect of any loss or damage arising directly or indirectly to you due to: Lack of authorization for any transaction/s, or Exceeding the preset limit mutually agreed by you and between “Bank/s”, or Any payment issues arising out of the transaction, or Decline of transaction for any other reason/s.
  21. Use of the payment facility shall not render Collexo liable or responsible for the non-delivery, non-receipt, non-payment, damage, breach of representations and warranties, non-provision of after sales or warranty services or fraud as regards the products and /or services listed on the Website. You have specifically authorized Collexo or its service providers to collect, process, facilitate and remit payments and/or the Transaction Price electronically in respect of transactions through Payment Facility. You understand, accept and agree that the payment facility provided by Collexo is neither a banking nor financial service but is merely a facilitator providing an electronic, automated online electronic payment, collection and remittance facility for the Transactions on the Collexo Website using the existing authorized banking infrastructure and Credit Card payment gateway networks. Further, by providing Payment Facility, Collexo is neither acting as trustees nor acting in a fiduciary capacity with respect to the Transaction or the Transaction Price.
  22. You understand that upon initiating a Transaction You are entering into a legally binding and enforceable contract with the other User(s) to purchase the products and/or services from the Collexo partners using the Payment Facility, and You shall pay the Transaction Price through Your issuing Bank to the service provider using Payment Facility. You, as a user, may agree with the service provider through electronic communication and electronic records and using the automated features as may be provided by Payment Facility on any extension and the Transaction shall stand amended to such extent. Any such extension or subsequent novation/variation of the Transaction should be in compliance with Payment Facility Rules and Policies.
  23. All refunds are at the sole discretion of Collexo.