Last Updated: August 20, 2024
This page contains the terms and conditions ( “Terms of Use” ) that apply to any registered user or individual ( “User”/ “You” / “Your” ) who has access / browses / uses any of the Platform (defined below ) / Account (“defined below” ) / Services (defined below ).
Please read the following Terms and Conditions carefully before accessing, browsing, or using the Mera Kal Platform, owned and operated by DN Cube Technology Solutions Private Limited, referred to as “DCTSPL”, a company, incorporated under the provisions of the Companies Act, 2013, (CIN) U74999KA2022PTC162702 and having its registered office at 2965, 4th Cross, 12th Main, Indiranagar, HAL 2nd Stage N Road, Bangalore - 560008, Karnataka, India.
Big Dreamz Finclusion Private Limited (referred to as “BDFPL”/ “Company”/ “Mera Kal”/“We”/ “Our”/ “Us”), is a wholly owned subsidiary of “DCTPSL” and having CIN U74999KA2022PTC167369.
Mera Kal is the registered trademark of Big Dreamz Finclusion Private Limited.
The Company is, inter alia, engaged in the business of (i) providing customer acquisition services and loan origination services to lending partners (NBFCs/Banks), ii) providing financial planning services such as mutual fund investments and is an AMFI registered distributor, with ARN-261254 valid until 5 January 2026.
The Client business is carried out under the brand name “Mera Kal”, iii) and in providing the technology platform to enable the above.
The Company thus collaborates with lending partners and other companies to offer various financial products through its website/(platform) https://merakal.in (“Platform”).
Mera Kal provides mutual fund investment services and loans against insurance policies, and other related services.
If you do not agree to any of the terms mentioned in this agreement, you should exit the site.You may only access the Platform / Services / Account for lawful purposes.You are solely responsible for the knowledge of and adherence to any and all laws, rules, and regulations pertaining to Your access and/or use of the Platform / Services / Account. You represent and warrant that You are competent and eligible to enter into a legally binding agreement and be bound by these Terms of Use. Further, Mera Kal shall carry out all activities that are required to fulfil its regulatory obligations for the provision of Services.
You agree to provide accurate information and comply with all KYC and regulatory requirements.
You confirm that you are a resident Indian and if opting for mutual fund investments, remit funds from a legitimate source in accordance with applicable law. Certain restrictions may apply to investments from the United States of America and Canada.
To apply for loans on our platform you can apply by submitting the application form on our website/Whatsapp bot or speaking with our customer support team.
For initial inquiries on loans against insurance policies, we require your name, mobile number, and a soft copy of your insurance policy document.
To invest in mutual funds, please reach out to our customer support team.
You acknowledge the risks associated with online Services and agree to be responsible for the security of your personal information. You must notify Mera Kal of any unauthorised use of your data.
You hereby accept the applicable schedule of charges, fees, commissions including the key facts informed to you by Mera Kal or the lender.
Mera Kal shall not process incomplete/defective application forms, for which if any loss or delay is caused to customers, customers will not hold Mera Kal liable for such loss or delay. Submission of a loan application to Mera Kal does not imply automatic approval and the lender will decide the quantum of the loan at its sole and absolute discretion. The lender in its sole and absolute discretion may either sanction or reject the application for granting the loan.
The lender shall have the right to make disclosure of any information relating to You including personal information, details in relation to the Loan, defaults, security, etc. to the Credit Information Bureau of India (CIBIL) and/or any other governmental/regulatory/statutory or private agency/entity, credit bureau, the lender’s other branches/subsidiaries/affiliates/rating agencies, service providers, other banks/financial institutions, any third parties, any assignees/potential assignees or transferees, who may need, process and publish the information in such manner and through such medium as it may be deemed necessary by the publisher/ Company/ including publishing the name as part of wilful defaulter's list from time to time, as also use for KYC information verification, credit risk analysis, or for other related purposes.
The lender reserves its right to reject the loan application and retain the loan application form along with the photograph, information, and documents.
In respect of any delayed payments, without prejudice to all other rights of the lender under these Terms & Conditions: The lender shall be entitled to recover Penal Charges from You as described in the Schedule of Charges.
You shall furnish any additional documents as and when required by the lender. There is no impediment or restriction (whether legal or judicial) against customers and/or their assets filed/reported by any other bank/financer. The funds shall be used for the purpose for which the loan has been applied and will not be used for speculative or antisocial purposes. The information furnished by customers is true and accurate.
The Borrower agrees that he/she is not a Politically Exposed Person (PEP) and further undertakes to immediately intimate the lenders in the event that he/she and/or any of their family members/close relatives becomes a PEP. In this situation, the lenders will seek senior management approval to sustain the business relationship. The account will then undergo Customer Due Diligence procedures, including ongoing enhanced monitoring, as required for PEP category customers.
By accepting these Terms of Use, you consent to be contacted by Mera Kal via various communication channels, including calls, SMS messages, WhatsApp messages, and notifications.
Mera Kal may provide promotional materials and incentives for referring new users. Terms and conditions apply to such promotions.
Mera Kal may use cookies for standard operation and collect data through them. Our Privacy Policy does not cover cookies used by third-party websites linked on our site. We may provide links to third-party platforms that collect Personal Information. These platforms are governed by their own terms of use.
You do not have ownership of any intellectual property rights associated with Mera Kal. Copying or reproducing any material is prohibited.
The Terms of Use shall be governed and construed in accordance with the laws of India without reference to conflict of laws principles. All disputes arising in relation to shall be subject to the exclusive jurisdiction of courts at Bangalore.
You will inform Mera Kal of any change in your residential or employment address.
You hereby authorise and give consent to the lender to disclose, without notice to You, information furnished by You in the application form(s)/ related documents executed/ to be executed in relation to the facilities to be availed by You from the lender, to the lender’s other branches/ subsidiaries/ affiliates/ Credit Bureaus/ Rating Agencies/ Service Providers, banks/ financial institutions, governmental/ regulatory authorities or third parties for information verification, credit risk analysis, or for other related purposes that the lender may deem fit.
You hereby confirm having read, and understood the terms and conditions applicable to the loan including the application form and the Terms and Conditions/Agreement and accept the same.
You confirm being a citizen of India.
You confirm that Mera Kal shall not be liable for any delay in delivery or non-delivery of the loan.
You are aware that a false declaration could render you liable to prosecution under the applicable act, rules, and regulations.
You also confirm that:
In the case of loan cancellation, the applicable pro-rata Annualised Percentage Rate on any outstanding loan amount will have to be borne by You and understand that Processing Fee is non-refundable charges and would not be waived/ refunded in case of loan cancellation or where the loan has not been disbursed.
The sanction or any other loan communication received by you online is only a conditional approval and shall not give rise to any obligations to the lender to disburse the loan or otherwise. The conditional approval shall be subject to the final sanction issued by the lender after receipt of all documents including KYC documents.
The loan-related information like "welcome letter", “key fact statement” "repayment schedule", "Terms and condition", "disbursal advice (as applicable to Loan Against Life Insurance Policies)", will be sent to the e-mail id mentioned by you in the loan application form.
The lender reserves the right to transfer the loan to another entity at its own discretion.
If You desire to question any statement or any part thereof You shall furnish the lender full details of the same within 15 days of the receipt of the statement. It is however clarified that You shall not be entitled to default or delay the payment of the interest or any part thereof on the ground of such dispute or question.
You understand that your loan may be serviced by Mera Kal under a platform-based arrangement and therefore, agree to share your loan-related details with Mera Kal for the purpose of loan servicing.
You understand that before your loan has been disbursed, it will be subject to a lien being marked against your insurance policy, with the lien being removed only once the loan is fully repaid.
Mera Kal may link You to other third-party platforms that may collect Your Personal Information and aid Mera Kal in providing Services. Mera Kal uses third-party vendors/service providers/ for functions such as but not limited to concluding know-your customer (“KYC”) obligations, onboarding customers, analytics, payment gateways, digital signatures.
You acknowledge and understand that by clicking on the links You have provided your consent to use the third-party platforms and that Mera Kal does not control the third-party platforms. These third-party service providers may have their own terms of use governing the usage of their platform which You may be subject to in addition to this Terms of Use. This Terms of Use does not govern any interaction with or usage of the platforms of these third-party providers. You are advised to review the Terms of Use of these third-party service providers carefully.
The parties hereby agree that the period of time during which Mera Kal is prevented or delayed in the performance or fulfilling any obligation hereunder, due to unavoidable delays caused by an event of Force Majeure shall be added to Mera Kal’s time for performance thereof; and Mera Kal shall have no liability by reason thereof. In such an event Mera Kal agrees and endeavours to fulfil its obligations under this agreement as expeditiously as possible upon ceasing such an event of Force Majeure. A “Force Majeure” event for the purposes of this Agreement shall include an act of God, flood, earthquake, fire, explosion, strike, war, civil commotion, insurrection, embargo, riots, political disturbances, lockouts, epidemics, pandemics, any act, law, regulation or order of the government, systemic electrical, telecommunications, network or other utility failures affecting Mera Kal to render services, including failure on account of a cyber threat / risk.
Big Dreamz Finclusion Private Limited has its registered office at 2965, 4th Cross, 12th Main, Indiranagar HAL 2nd Stage,Bangalore - 560008, India and corporate address at Church St 46/1, Cobalt, Haridevpur, Shanthala Nagar, Ashok Nagar, Bengaluru - 560001, India.