Terms & Conditions

Read the detailed information carefully. We believe in 100% transparency.

Terms & Conditions

By accessing or using the PayKare platform, you agree to be bound by these Terms & Conditions. PayKare acts as a Lending Service Provider (LSP) working in partnership with regulated NBFCs/Banks.

1. Eligibility

To use our services, you must be an Indian citizen, at least 18 years of age, and possess a valid PAN and Aadhaar card.

2. Key Fact Statement (KFS)

Before executing any loan contract, you will be provided with a standard Key Fact Statement (KFS). The KFS contains the all-inclusive Annual Percentage Rate (APR), recovery mechanism, and details of the grievance redressal officer. You are bound only by the terms accepted in the KFS.

3. Credit Bureau Reporting

You acknowledge that your loan repayment behavior (both positive and negative) will be reported to Credit Information Companies (CICs) such as CIBIL, Equifax, Experian, or CRIF High Mark, as mandated by the RBI.

4. Platform Usage

You agree to provide true, accurate, and complete information. Any fraudulent activity or submission of fake documents will result in immediate account termination and legal action.