Rupeek Referral - Terms

Last Updated 13 March, 2017

Terms and Conditions for Rupeek Referral Program also known as Rupeek Partner Program.


The Rupeek Referral Program (hereinafter referred to as “Rupeek Partner Program”) allows registered Rupeek Fintech (“Rupeek”) users who have availed at least one loan through Rupeek (a “Rupeek User”) to earn rewards (either in cash or kind as per the discretion of Rupeek and as communicated from time to time) by referring other potential users to Rupeek.


To participate, Rupeek Users must agree to these terms, which become part of the Rupeek Terms of Service. Terms that are not defined here will have the same meaning given to them in the Rupeek Terms of Service.


Changes to these terms

We may make changes to these terms for referrals from time to time. If we do this, we will post the changed terms on the Site and will indicate at the top of this page the date the terms were last revised. You understand and agree that your continued use of the Service or the Site after we have made any such changes constitutes your acceptance of the new Terms of Referral.

Definitions:

  • “Referrer(s)” for the purpose of this program shall mean a user(s) of Rupeek who has availed a Gold loan through Rupeek (as defined hereunder) and has referred a Referee for availing of products offered through Rupeek
  • “Referee(s)”, for the purposes of this offer shall be the individuals/Partnerships who has been referred for the products/services by the Referrer.
  • "Referral reward" shall mean the payment due to the Referee, either in cash or kind as per the discretion of Rupeek and as communicated from time to time and is subject to the discretion of Rupeek.
  • “Rupeek Referral Program” also called as "Rupeek Partner Program" shall mean the online/app-based/telephonic or any other platform under which the Referrer(s) shall refer the Referee(s) to products/services offered through Rupeek and get Referral reward in return as per the terms of the Rupeek Referral Program
  • A "Qualifying Transaction" must have a loan amount of at least Rs. 50,000 or higher under the Gold loan schemes with pre-closure charges. It is not applicable if the said user already has an existing live or closed loan with Rupeek
  • “Offer” shall mean each individual offer of products/services as may be made available by Rupeek to the Referrers from time to time
  • "Partner" shall mean any third party whose Products/Services are offered by Rupeek

General Terms and Conditions:

  • In cases of more than one Referrer providing the same reference, the first one to make that referral will be entitled to make the reference. In the event of a dispute, Rupeek shall have the sole and final discretion in deciding the first Referrer.
  • The Referrer confirms having obtained the consent of the person referred for providing his/her details to Rupeek
  • Referrals under this program should only be used for personal and non-commercial purposes, and only shared with personal connections that will appreciate receiving these invitations. Referral cards (either physical or digital), should not be published or distributed where there is no reasonable basis for believing that all or most of the recipients are personal friends.
  • Rupeek, at its sole discretion, will contact the Referees, for individual Offers of products and services by Rupeek
  • All products/services offered are at the sole discretion of Rupeek
  • A reference under Referral Program shall not automatically entitle the Referee to the individual product/service being offered; this would be subject to the terms of each individual Offer
  • The Reward is subject to availability and shall be at the discretion of the terms of each individual Offer, that are provided to the Referrer/Referee
  • These terms and conditions applicable to Referral Program are in addition to and not in derogation of the terms and conditions as may be applicable to the products/services being made available to the Referrer(s)/Referee(s) by Rupeek and its Partners
  • The participation in the program is entirely voluntary and it is understood, that the participation by the Referrer shall be deemed to have been made on a voluntary basis

Other Terms and Conditions

  • Rupeek does not guarantee and make any representation about the usefulness, worthiness and/or character of the Rewards
  • The existence of a dispute, if any, regarding the Rewards shall not constitute a claim against Rupeek
  • Rupeek reserves the right to modify/change all or any of the Terms and Conditions applicable to the Offer without assigning any reasons or without any prior intimation whatsoever. Rupeek also reserves the right to discontinue the Offer without assigning any reasons or without any prior intimation whatsoever
  • The Rewards cannot be clubbed with any other discount/voucher under the Referral Program
  • The Referrer who has provided a reference to Rupeek shall be entitled to the referral reward only for the first qualifying transaction conducted by the Referee(s) through Rupeek
  • Reward(s) will be automatically paid to the Referrer within a period of one month from the date of the qualifying transaction
  • The Referrer who has provided a reference to Rupeek shall not be entitled to the reward under the Referral Program, if the details provided of such references are incomplete or incorrect or invalid
  • The Referee(s) are entitled to the referral reward only for their first qualifying transaction conducted through Rupeek
  • Reward(s) may not be earned by creating multiple User Accounts or by artificially creating multiple Qualifying transactions. Reward(s) accrued to multiple Referrer(s) may not be combined. The payment, if applicable as per the payment policy prevalent at the time of payment, will be made in the Registered Bank Account of the Referrer registered with Rupeek.
  • Notwithstanding anything contained herein, Rupeek reserves the right at any time at its absolute discretion without prior notice to vary, withdraw, cancel, or invalidate the Referral Program, without having to give a reason thereof, and without compensation whatsoever. Further, Rupeek has the discretion to reject any claim in the event of irregularity, discrepancy, or dispute, and its decision shall be final, conclusive and binding
  • All claims against Rupeek, if any, are subject to the exclusive jurisdiction of the competent courts/tribunals of Bangalore
  • Payments in relation to Rewards, which are subject to Income Tax, Service Tax, Gift Tax and other taxes/laws applicable at the time of making the calculations and payment, shall be borne by the beneficiary. The beneficiary shall be liable to bear any such tax for the benefits derived under the Referral Program.
  • Neither Rupeek nor any of its directors and employees, representatives, agents, and its Affiliates shall be held liable in event the Declaration and Undertaking given by Referrer(s) to Rupeek is found to be false and untrue. The Referrer(s) agrees, at its own expense, to indemnify, defend and hold harmless Rupeek, its directors and employees, representatives, agents, and its affiliates against any claim, suit, action or other proceedings brought against Rupeek, its directors and employees, representatives, agents, and affiliates by the person(s) referred in respect to the use of his information/details as shared by the Referrer(s) with Rupeek.

  • Benefits:

    Referrer Benefits

    • Referrer (you) gets 1-month interest waiver on one of your existing loan with a maximum interest waiver of Rs. 2000
    • If there are no existing loans, referrer (you) gets 1-month interest waiver on one of the next loans, if the first interest accrual date is on or before the expiry date of the referral voucher

    Referee Benefits

    • Referee (your friend) gets 1-month interest waiver on the first loan, which should be equal to or more than Rs. 50000/-, through Rupeek and keeps the loan live for a minimum of 30 days

    Referral Scheme - Terms & Conditions

  • Referrer (you) gets the referral benefit only when referee (your friend) applies your valid referral code on the Rupeek app during registration
  • Referrer (you) gets the referral benefit after referee (your friend) takes their first loan, which should be equal to or more than Rs. 50000/-, through Rupeek and keeps the loan live for a minimum of 30 days
  • Referee (your friend) gets 1-month interest waiver on the first loan, which should be equal to or more than Rs. 50000/-, through Rupeek and keeps the loan live for a minimum of 30 days
  • For ePay Simple Interest (1,2 & 3) schemes, full accrued interest should be paid after to get the benefit of rebate
  • Referral scheme offer cannot be clubbed with any other offer or promotions
  • Referral scheme is valid only when both referee and referrer take schemes through Rupeek
  • Rupeek reserves the right to change or withdraw the offer, anytime at the sole discretion of the Management. The terms & conditions of this offer are subject to change without any prior notice. Disputes are subject to Bangalore jurisdiction.