Terms And Conditions

Terms And Conditions For Cashback

This document lays out the Terms and Conditions, which shall be applicable for various incentives, rewards, bonus etc. payable to a Business for a Campaign scheduled by Minion Ventures Private Limited (hereinafter referred to as “KredX”) in the upcoming Festive Season. The word “Business” as used in this Terms and Conditions. Reference to masculine in this Terms and Conditions shall include the feminine and neuter gender. The term "KredX" refers to Minion Ventures Private Limited., a company incorporated in India under the Companies Act 2013 and having its registered office at Ground Floor, Tower A, Salarpuria Softzone Wing 'A', Outer Ring Road, Bellandur, Karnataka – 560103.

General Term and Conditions

  1. Definitions

(a) “Campaign” shall refer to promotional activities undertaken by KredX for marketing and propagating the products and services offered by KredX during the Festive Season as defined below.

(b) “Business” shall refer to a person(s)/entity(ies) empanelled with KredX as a Business who refers potential customers who are interested in availing the services/products offered by KredX.

(c) ‘KredX’ shall include the subsidiaries, group companies, holding company and affiliates of KredX in addition to KredX as defined above.

  1. The Offer will be available only to Businesses of KredX.
  2. Participation/availing of the Offer is voluntary and free, subject to these Terms and Conditions.
  3. To avail the Offer, the Business concerned needs to register themselves with KredX.
  4. The offer, rewards, benefits etc. granted under this Campaign cannot be used or redeemed in combination with any other discounts or promotions or vouchers or any other such promotions offered by KredX.
  5. KredX reserve the right, at its sole discretion to add/alter/modify/change/vary all or any of these Terms and Conditions, or to extend, withdraw or replace these Offers, either wholly or in part, without prior intimation/notice and without assigning any reason.
  6. The Business acknowledges and agrees not to hold KredX responsible or liable for, any losses, damages, costs, charges, expenses, claims, actions or demands suffered by Business or its agents, relatives, etc. (whether direct or indirect), in relation to accessing and/or availing the benefits under the Offer.
  7. KredX does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit under the Offer.
  8. The Offers under the Campaign are not transferable, is not for sale or re-sale nor redeemable for cash.
  9. Any applicable taxes must be paid by the Business concerned.
  10. Offer will be valid only during the period specified above unless extended by KredX at its sole discretion.
  11. KredX shall not be liable for any indirect, incidental, and consequential damages/losses or for any loss or damage arising due to force majeure event.
  12. In the event of any misuse or abuse of the Offer by a Business or their agents, KredX reserve the right to deny the Offer.
  13. In case of any dispute regarding the interpretation of any of the clause or term of these Terms and Conditions, the opinion of KredX shall be final and binding on all parties to the dispute.
  14. Any dispute regarding these Offers will be subject to exclusive jurisdiction of courts in Bengaluru, Karnataka. 

Specific Terms and Conditions

Terms And Conditions For Lucky Draw

This document lays out the Terms and Conditions, which shall be applicable to the lucky draw (hereinafter referred to as "Lucky Draw") sponsored by Minion Ventures Private Limited (hereinafter referred to as "KredX"), wherein the eligible Business shall have a chance to win an iPhone 14 or a staycation as a reward for marketing the products/services of KredX. By participating in the Lucky Draw, the Business(s) fully and unconditionally agree(s) to accept and abide by the terms and conditions of the Lucky Draw as stated hereinafter. The word “Business” as used in this Terms and Conditions. Reference to masculine in this Terms and Conditions shall include the feminine and neuter gender.

General Term and Conditions

  1. Definitions

(a) “Campaign” shall refer to promotional activities undertaken by KredX for marketing and propagating the products and services offered by KredX during the Festive Season as defined below.

(b) “Business” shall refer to a person(s)/entity(ies) empanelled with KredX as a Business who refers potential customers who are interested in availing the services/products offered by KredX

(c) “Festive Season” shall refer to the period staring from 1st July 2023 and ending on 31st October, 2023.

(d) ‘KredX’ shall include the subsidiaries, group companies, holding company and affiliates of KredX in addition to KredX as defined above.

  1. The Offer will be available only to Businesses of KredX.
  2. Participation/availing of the Offer is voluntary and free, subject to these Terms and Conditions.
  3. To avail the Offer, the Business concerned needs to register themselves with KredX.
  4. The Offer granted under this Campaign cannot be used or redeemed in combination with any other discounts or promotions or vouchers or any other such promotions offered by KredX.
  5. KredX reserve the right, at its sole discretion to add/alter/modify/change/vary all or any of these Terms and Conditions, or to extend, withdraw or replace the Offer, either wholly or in part, without prior intimation/notice and without assigning any reason.
  6. KredX shall not be responsible or liable in any manner whatsoever for any deficiency or inadequacy in the services rendered by third party vendors who provide staycation or other services as part of the Offers proposed hereunder, including their agents or representatives, and the Business acknowledges and agrees not to hold KredX responsible or liable for, any losses, damages, costs, charges, expenses, claims, actions or demands suffered by the Business or their agents, relatives, etc. (whether direct or indirect), in relation to accessing and/or availing the benefits under the Offer.
  7. KredX holds out no warranty and makes no representation about the quality, delivery or otherwise of the goods and services offered by a vendor or service partner of KredX who facilitates availing various benefits, services contemplated as part of the Offer hereunder. Any issue or dispute or claim arising out of or in relation to availing the benefits under the Offer must be resolved by the Business concerned directly with the merchant partner/vendor without any reference to KredX.
  8. KredX does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit under the Offer.
  9. The Offer under the Campaign is not transferable, is not for sale or re-sale nor redeemable for cash.
  10. Any applicable taxes must be paid by the Business concerned.
  11. Offers will be valid only during the period specified above unless extended by KredX at its sole discretion.
  12. The Offer does not guarantee any reservations or admissions at merchant partner’s outlet/staycation location owners who facilitates various benefits contemplated under this Offer and Businesses are advised to contact such merchant partner directly, before visiting or availing of any benefits.
  13. The availability of the Offer shall be subject to the terms and conditions stipulated by the respective merchant partner, as applicable from time to time.
  14. In case the merchant partner refuses to provide the Offer, despite adhering to all the applicable terms and conditions, please retain the original bill issued by the merchant partner and share the copy of the same with KredX, within 72 (seventy- two) hours of the incident.
  15. KredX shall not be liable for any indirect, incidental, and consequential damages/losses or for any loss or damage arising due to force majeure event.
  16. In the event of any misuse or abuse of the Offer by a Business or their agents, KredX reserve the right to deny the Offer.
  17. In case of any dispute regarding the interpretation of any of the clause or term of these Terms and Conditions, the opinion of KredX shall be final and binding on all parties to the dispute.
  18. Any dispute regarding the Offer will be subject to exclusive jurisdiction of courts in Bengaluru, Karnataka.

Specific Terms and Conditions

Reward and Procedure of Lucky Draw

Miscellaneous

Terms And Conditions For Business Partners

This document lays out the Terms and Conditions, which shall be applicable for various pay-outs, incentives, rewards, bonus etc. payable to a Direct Selling Agent (“DSA”) for a Campaign scheduled by Minion Ventures Private Limited (hereinafter referred to as “KredX”) in the upcoming Festive Season. The term "KredX" refers to Minion Ventures Private Limited., a company incorporated in India under the Companies Act 2013 and having its registered office at Ground Floor, Tower A, Salarpuria Softzone Wing 'A', Outer Ring Road, Bellandur, Karnataka – 560103.

General Term and Conditions

  1. Definitions

(a) “Campaign” shall refer to promotional activities undertaken by KredX for marketing and propagating the products and services offered by KredX during the Festive Season as defined below

(b) “DSA” or “Direct Selling Agent” shall refer to a person(s)/entity(ies) empanelled with KredX as a DSA who refers potential customers who are interested in availing the services/products offered by KredX

(c) “Festive Season” shall refer to the period staring from 1st July 2023 and ending on 31st October, 2023.

(d) ‘KredX’ shall include the subsidiaries, group companies, holding company and affiliates of KredX in addition to KredX as defined above.

(e) “NPA” or “Non- Performing Assets” shall mean and refer to an invoice of a seller referred by a DSA which remains overdue for payment on the platform of KredX for a period of 5 (five) days or more from the due date.

(f) “PF” shall refer to Processing Fee.

  1. These Offers will be available only for DSA’s of KredX.
  2. Participation/availing of these Offers are voluntary and free, subject to these Terms and Conditions.
  3. To avail the Offer, the DSA concerned needs to register themselves with KredX.
  4. The offer, pay outs, rewards, benefits etc. granted under this Campaign cannot be used or redeemed in combination with any other discounts or promotions or vouchers or any other such promotions offered by KredX.
  5. KredX reserve the right, at its sole discretion to add/alter/modify/change/vary all or any of these Terms and Conditions, or to extend, withdraw or replace these Offers, either wholly or in part, without prior intimation/notice and without assigning any reason.
  6. The DSA hereby acknowledges and agrees not to hold KredX responsible or liable for any losses, damages, costs, charges, expenses, claims, actions or demands suffered by DSA or their agents, relatives, etc. (whether direct or indirect), in relation to accessing and/or availing the benefits under the Offers.
  7. KredX does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit under the Offers.
  1. The Offers under the Campaign are not transferable, is not for sale or re-sale nor redeemable for cash.
  2. Any applicable taxes must be paid by the DSA concerned.
  3. Offers will be valid only during the period specified above unless extended by KredX at its sole discretion.
  4. KredX shall not be liable for any indirect, incidental, and consequential damages/losses or for any loss or damage arising due to force majeure event.
  5. In the event of any misuse or abuse of these Offers by a DSA or their agents, KredX reserve the right to deny the Offers.
  6. In case of any dispute regarding the interpretation of any of the clause or term of these Terms and Conditions, the opinion of KredX shall be final and binding on all parties to the dispute.
  7. Any dispute regarding these Offers will be subject to exclusive jurisdiction of courts in Bengaluru, Karnataka.

Specific Terms and Conditions

1) Incentives for getting pre sanction documents and Sanctioned Cases

Plan:

Payouts per Case in Rupees

Case Logins

0/-

Pre-Sanction Document submission Completed

1000/-

Sanction Released

1000/-

PF

50% of PF

  1. Leads generated by DSAs will be considered valid from the period starting from 1st July 2023 and ending on 31st October 2023.
  2. The overall status of leads generated by DSAs will be collated and updated at the end of every month and the payouts will be released in the 1st week of the following month in normal course unless such payment is delayed for operational reasons.
  3. Payouts will be released within the first 15 (fifteen) days of the following month.

(Example: For all cases referred by a DSA from 1st July 2023 will be collated and notified in 1st week of August and in normal course by 2nd week of August 2023, the payouts will be processed.)

2) PF-Value-Based Bonus:

Volume Based Bonus

% Share

Volume

Payouts

If the PF-Value we collect is up to 5 Lakh

3%

₹500,000/-

₹15000/-

If the PF- Value is more than 5 Lakh

5%

₹700,000/-

₹25000/-

  1. Leads generated by DSAs will be considered only for the period starting from 1st July 2023 and ending on 31st October 2023.
  2. If the total PF Payouts received by DSA is equal to or less than 5 Lakh rupees, the DSA will receive 3% additional payouts over and above the regular payouts.
  3. If the total PF Payouts received by DSA crosses 5 Lakh rupees during the interregnum period of the Festival Season, the DSA will get 5% additional Payouts over and above the regular payouts for the balance period of Festival Season.
  4. Payouts will be released at the end of the Festive Season.