1. Acceptance of Terms
By accessing or using the website (www.venusbarter.com), VMoney mobile/web application, or availing any loan/product offered by Venus Barter Private Limited ("Company", "we", "us", or "our"), you ("User", "Borrower", "you") agree to be bound by these Terms and Conditions ("Terms"), the Privacy Policy, Fair Practices Code, Interest Rate Policy, Grievance Redressal Policy, and the specific loan agreement/sanction letter.
If you do not agree, do not use our services or apply for a loan.
2. Eligibility
- Indian resident aged 21–60 years.
- Valid PAN, Aadhaar, mobile number, and email.
- Satisfactory credit profile.
- Not barred by law or insolvent.
- Accurate disclosures; misrepresentation may lead to rejection or recall.
3. Loan Products and Application
- Unsecured personal loans up to ₹2,00,000.
- Tenure typically 3–24 months.
- Digital application, e-KYC, and e-sign.
- Approval at Company discretion.
4. Interest, Fees, and Charges
- Interest on reducing balance basis.
- Fees disclosed in KFS.
- No hidden charges.
- Prepayment rules as per RBI norms.
5. Repayment and Default
- EMI schedule per loan agreement.
- Auto-debit / UPI / approved modes.
- Defaults may attract charges and reporting.
- RBI-compliant recovery practices.
6. Representations and Warranties
- Information provided is true and complete.
- Capacity to enter agreement.
- No undisclosed defaults.
7. Intellectual Property and Platform Use
- Platform content owned by Company.
- Limited license to use.
- No misuse or unauthorized access.
8. Limitation of Liability
- Services provided on as-is basis.
- No liability for indirect damages.
- Liability capped at loan amount.
9. Indemnity
You agree to indemnify the Company against losses from breach or misuse.
10. Termination
- Access may be suspended for breach or fraud.
- Relationship ends post repayment.
11. Governing Law and Dispute Resolution
- Governed by laws of India.
- Jurisdiction: Ahmedabad, Gujarat.
- Grievance → RBI Ombudsman → Courts.
12. Miscellaneous
- Terms may be updated.
- Force majeure and severability apply.
- Electronic records valid.
By proceeding with the loan, you confirm acceptance of these Terms.