By using Trading Mantra’s services (hereinafter referred to as “Trading Mantra,” which includes its affiliates, successors, and assigns as applicable), you agree to abide by these Terms and Conditions, which may be updated, modified, or replaced by TheBankBazar periodically. These Terms and Conditions, along with the Service, apply to all loans provided.
This agreement (the “Terms”) is between you and Trading Mantra, whose principal office is located at Unit 1241A, 12th Floor, Gaur City Mall, Greater Noida West, Sector 4, Uttar Pradesh, 201301. It governs your use of Trading Mantra’s proprietary risk evaluation and measurement software system (“Trading Mantra”) and the services described herein (“Service”).
Additional terms may apply to specific Services, such as those related to particular events, promotions, or special arrangements. These supplemental terms will be communicated to you for the relevant Service(s). They will be considered part of these Terms for the applicable Service(s). In case of any conflict between supplemental or amended terms and these Terms, the supplemental or amended terms will take precedence for the specific Services involved.
Trading Mantra reserves the right to modify these Terms at its discretion. Unless stated otherwise, changes will take effect when Trading Mantra posts the updated Terms or any amended policies or supplemental terms on the relevant Service(s). By continuing to access or use the Services after such updates are posted, you agree to be bound by the revised Terms.
Trading Mantra may approve or continue to provide a loan to a borrower if the following conditions are met. If you are an individual, you must be at least 18 years old. If you represent a non-individual entity, you must have the proper authorization from that entity to agree to these Terms.
Unless otherwise authorized in writing by Trading Mantra, you are permitted to operate only one account. You acknowledge that any misuse of your account not attributable to Trading Mantra will be your responsibility, and you will be liable for any resulting consequences.
By agreeing to these Terms, you consent to the use of any information provided during account setup in accordance with Trading Mantra’s privacy policy, which is considered part of these Terms.
The Service provides access to the Trading Mantra System, which includes verifying the information you provide on the Trading Mantra portal and assessing your creditworthiness. Subject to Trading Mantra’s sole and absolute discretion, you may be able to submit a Credit Facility Application for a short-term credit facility (“Advance”) to a licensed entity partnered with Trading Mantra (“Trading Mantra Partner”) and use other functionalities of the Trading Mantra System as permitted. Trading Mantra is not obligated to disclose its assessment of your creditworthiness to you, your nominees, heirs, or successors.
You understand that Trading Mantra allows you to submit a Credit Facility Application based on its proprietary systems, formats, methodologies, and algorithms in Trading Mantra systems only.
The Trading Mantra System dynamically evaluates the risk associated with each Credit Facility Application based on factors such as the Advance amount, credit eligibility criteria, and other requirements set by the Trading Mantra Partner. Each Credit Facility Application may be evaluated separately. Due to the dynamic nature of these assessments, there is no guarantee that Trading Mantra will allow you to submit a Credit Facility Application for every Advance you seek.
You agree that Trading Mantra or an Trading Mantra Partner may, at their discretion and through authorized agents or agencies, verify the information provided, check credit references, review employment details, and obtain credit reports to assess creditworthiness. The Service does not guarantee that the Advance you seek will be disbursed by the Trading Mantra Partner. Trading Mantra will make a preliminary determination of your creditworthiness and forward this determination to the Trading Mantra Partner. The final decision to grant the Advance rests with the Trading Mantra Partner, which will use its own credit decision processes and methodologies. The Trading Mantra Partner may reject any recommendation from Trading Mantra regarding your Credit Facility Application or Advance.
You are required to repay the Advance, along with all applicable interest, charges, and fees, to the Trading Mantra Partner as specified by them and when they become due. Trading Mantra’s services are solely focused on connecting you with credit providers. Once you are connected to the Trading Mantra Partner or the credit provider, Trading Mantra’s role and services are considered complete.
You acknowledge that an Advance provided under the Loan Documentation constitutes a separate transaction between you and the Trading Mantra Partner, independent of Trading Mantra’s services. Any disputes regarding the Advance must be resolved directly between you and the Trading Mantra Partner. You agree not to involve Trading Mantra in such disputes. If you attempt to do so, Trading Mantra reserves the right to take any actions necessary to protect its interests.
You agree to allow Trading Mantra to send you payment reminders periodically, in accordance with applicable laws. Additionally, you authorize Trading Mantra to use (a) any User Generated Content and/or (b) other information you have provided access to, for the purpose of sending payment reminders to you or to others who can be contacted through you. This includes contacting individuals who may not be users of the Trading Mantra System, as permitted by law.
You explicitly permit Trading Mantra to use any information you provide or generate for its collections agency services, in relation to:
(a) any credit facility you have obtained from a credit issuing entity, regardless of whether Trading Mantra was involved in facilitating that credit facility; or
(b) any credit facility obtained by a third party from a credit issuing agency, if Trading Mantra’s analysis suggests that the information you provided can help contact such a person.
This may involve either (i) deriving contact information for the third party from your provided information and contacting them directly, or (ii) reaching out to you to request contact information for the third party or to ask you to inform the third party that Trading Mantra is trying to reach them.
You are responsible for securing the data network access needed to use the Services. Any data usage rates and fees imposed by your internet or mobile network provider will apply if you access the Services from a wireless-enabled device. Additionally, you must acquire and maintain compatible hardware or devices necessary to access and use the Services and Trading Mantra Systems, including any updates. Trading Mantra does not guarantee that the Services will function on any specific hardware or device. Moreover, the Services may experience delays or interruptions due to the use of the Internet and electronic communications.
Subject to your compliance with these Terms, Trading Mantra grants you a limited, non-exclusive, revocable, and non-transferable license in India to:
You may not:
You understand that all User Generated Content, as permitted by the Trading Mantra System, is solely the responsibility of the individual from whom it originated. This means you are entirely responsible for any User Generated Content you upload, download, post, email, transmit, store, or otherwise make available through your use of the Service. Trading Mantra does not control, nor does it guarantee the accuracy, integrity, or quality of User Generated Content. Your use of the Service and any User Generated Content is at your own risk.
By entering into this agreement, you have opted to use the security measures provided by Trading Mantra, despite the availability of other security options. While Trading Mantra employs industry-standard security measures to protect the Service from viruses and malicious attacks, it does not guarantee that the Service will be free from loss, corruption, attacks, viruses, interference, hacking, or other security breaches.
Trading Mantra warrants that, during the term of this agreement, it will implement commercially reasonable security measures.
The Services are provided on an “as-is” and “as-available” basis. Trading Mantra is not responsible for any failures in telecommunications networks or other communication links used to access the Services.
To the fullest extent permitted by law, Trading Mantra and its directors, officers, employees, and agents shall not be liable for any incidental, indirect, special, punitive, consequential, or other damages arising from or related to the Services.
You agree to defend, indemnify, and hold harmless Trading Mantra, along with its officers, directors, employees, and agents, from any and all claims arising from your use of the Services, breach of these Terms, or violation of applicable laws.
The user acknowledges and agrees that Trading Mantra, as an aggregator, may share leads with partnered brands related to credit cards and other financial products once the user expresses interest in the service. The user also consents to receive communications via calls, SMS, emails, or other methods from partnered banks and other financial institutions regarding credit cards and other financial services. These partnered brands have the authority to contact the user to assist with service approval based on eligibility. Financial institutions and banks may retain and use your information as needed. By providing your contact details, you agree to receive all information, reports, statements, and announcements through the communication methods you have provided.
By using the Service, you consent to the collection and use of certain information about you in accordance with Trading Mantra’s Privacy Policy and these Terms.
All notices and communications required under this Agreement must be in writing and will be considered given upon receipt if sent through:
If any term, condition, or provision of this Agreement is found by a court of competent jurisdiction to be invalid, unlawful, or unenforceable to any extent, that term, condition, or provision will be severed. The remaining terms, conditions, and provisions will continue to be valid and enforceable to the fullest extent permitted by law.
No waiver of any breach of this Agreement shall be deemed a waiver of any prior, concurrent, or subsequent breach of the same or any other provisions. Additionally, a waiver will only be effective if it is made in writing and signed by an authorized representative of the waiving party.
Trading Mantra will not be liable for any failure or delay in performing the Services if such delay or failure is due to causes beyond its control, including but not limited to strikes, riots, fires, floods, natural disasters, or other similar events.
These Terms, along with any supplementary terms or appendices prescribed by Trading Mantra or Trading Mantra Loan Partner, constitute the complete agreement between the parties.
Trading Mantra addresses the fundamental need for fast, convenient, and transparent access to credit in India.
