shall mean natural or legal person who is at least 21 years of age and who can legally enter into a contract in India and could use the services and products provided on the Thirdpartycollateral.com in accordance with the terms and conditions recorded hereinafter and has agreed to become a paid member of this Site and whose membership fee is not in arrears.
Primary security is the asset created out of the credit facility extended to the borrower. these assets are directly associated with the business / project of the borrower for which the credit facility has been extended by the lender. for ex, debtors and stocks created out of the working capital facilities extended by a bank. Collateral security is any other security offered over and above the primary security for securing repayment of the loan. For example, hypothecation of jewellery or mortgage of house for securing repayment of working capital loan.
When such collateral security is offered by a person other than a borrower for securing repayment of loan/ debt of the borrower, it is termed as third party collateral security. Generally , such third party either becomes a co borrower or a guarantor for the loan program of the borrower and signs relevant documents and agrees to the terms and conditions of the lending bank / NBFC or financial institution. The owner of the third party asset/ security sometimes also becomes part of the management or partner in a business of a borrowing entity.
Create a new entrepreneur cult in India who can materialize their business aspirations by leveraging on third party assets and create win win for all i.e themselves, lender and the financer
Thirdpartycollateral.com shall generally mean to be listing borrowers and lenders of immovable assets which can be offered as securities and they are referred to as security/ assets/ property / collateral security.
Thirdpartycollateral.com( OR 'WEBSITE' OR 'we' Or 'OUR') is a web portal that intend to create a 'win win' or a genuine synergy between the owners of the assets and the Asset borrowers. The terms and conditions of on which the assets will be used for such borrowing programs will be decided by both the parties. This productive collaboration shall enable the owner of the asset to realize returns on the assets and the borrower to avail loans through the organized channels of financing to materialize his business objectives. The arrangement also results in a more fundable credit exposure for the financial institutions/ banks and NBFCs. The intended arrangement is within the permitted present Laws of India and governing authority RBI. The specific third party collateral arrangement will also be specifically approved by a particular lender to which such proposal will be presented. Any fringe/ Negative outcomes of the same are not intended and the owner of the assets and the borrowers of the securities need to carefully check the proposal, terms and conditions of the agreement, legality, and we will not be responsible for any default , loss or damage, financial or otherwise incurred by either of the parties or a lender as a result of breach of contract, misrepresentation or fraud by the either party .
Listing on Thirdpartycollateral.com of any proposal does not mean the genuineness or trustworthiness of any such user or the client. Our suggestions or our recommendations to accept or reject any proposal or credentials of the either parties shall mean only that we have formed our opinion depending upon the information and data that are shared by the user/clients, third party experts like, valuers, engineers, chartered accountants, company secretaries, lawyers, rating agencies etc govt agencies like ministry of corporate affairs, income tax , sales tax, central excise etc, and information that is publicly available in print and digital media. Our opinion and recommendations can be wrong and biased if the base information media is not true or correct. The parties are required to exercise necessary prudence and vigilance while undertaking and culminating any deal based on any data or recommendation from this site or the officers of this portal.
Thirdpartycollateral.com shall merely facilitate a transaction of borrowing and lending of security or assets between two interested users/ clients and provide services incidental to that. Thirdpartycollateral.com neither lends nor borrows through this website. We are neither a financial institution, nor run a collective investment scheme or a chit fund, nidhi , co operative credit society, micro finance or any other such financial scheme. Our advisory services or management consultancy shall have a separate mandate or service agreement as and when rendered to the clients and as agreed by the client and us.
Persons who cannot enter into legally binding contract in accordance with the provisions of the Indian Contract Act, 1872 including person below the age of 21 years or of unsound mind and un-discharged insolvents, loan repayment defaulters with any bank / financial institution/ or any other financial constituents or as per latest CIBIL Records are not entitled to use the Site.
Persons under the age of 21 years are not permitted to get engaged with this Site and have no permission to call for any services or products or to lend or to borrow from through this Site. Users suspended or removed from the system by Thirdpartycollateral.com for any reason. Also Users shall not have more than one active account. Users are prohibited from selling, trading, or otherwise transferring their Thirdpartycollateral.com account to another party.
The Service(s) or a Product(s) and information displayed on the Site is an "invitation to offer" to the End User. Your order for purchase of either Service(s) or Product(s) constitutes your "offer" which shall be subject to the terms and conditions as listed below. Thirdpartycollateral.com reserves the right to accept or reject your offer. If you have supplied us with your valid email address, we will notify you by email as soon as possible to confirm receipt of your instruction and email you again to confirm details and therefore process the instruction accordingly for provision of Services(s) or Products(s). Our acceptance of your instructions for either rendition of services or provision of any product will take place upon rendition of Service(s) or dispatch of the Product(s) ordered. No act or omission of Thirdpartycollateral.com prior to the actual dispatch of the Product(s) or rendition of services ordered will constitute acceptance of your offer. Similarly, no act or omission of Thirdpartycollateral.com prior to the actual rendition of services shall constitute acceptance of your offer.
Every effort has been made to ensure, that the information contained on the Site is correct, however Thirdpartycollateral.com makes no warranty as the accuracy, comprehensiveness, or correctness of any Service(s) or a Product(s) on the Site, and provides all Service(s) and Product(s) on an "as is" basis. By using this Site, you ("you" or the "End User") agree to these terms and conditions ("Terms and Conditions" or "T&C;" or "Terms") that we have provided. If you do not wish to agree to these Terms and Conditions, please refrain from using this Site.
Thirdpartycollateral.com holds the complete right to de-activate any lender/borrower on its own accord if the lender/borrower is suspected or found to be from competition engaging or trying to engage in any malicious activity.
In case it comes to your knowledge that any member of this website has committed breach of commitment or fraud or misrepresents his financial status than you may inform Thirdpartycollateral.com in writing and upon receipt of such information Thirdpartycollateral.com shall call upon such third party to explain the allegations made in your Notice and upon receipt of an explanation from such third party Thirdpartycollateral.com shall in its own discretion decide as to whether such a person should be prohibited from using the website.
These terms and conditions that apply to the user of this Site. By using this Site, User agrees to comply with all of the terms and conditions hereof. The right to use this Site is personal to User and is not transferable to any other person or entity. User shall be responsible for protecting the confidentiality of User's password(s), if any. User acknowledges that, although the internet is often a secure environment, sometimes there are interruptions in service or events that are beyond the control of Thirdpartycollateral.com, and Thirdpartycollateral.com shall not be responsible for any data lost while transmitting information on the internet. While it is Thirdpartycollateral.com's objective is to make the Site accessible 24 hours per day, 7 days per week, the Site may be unavailable from time to time for any reason including, without limitation, routine maintenance. You understand and acknowledge that due to circumstances both within and outside of the control of Thirdpartycollateral.com, access to the Site may be interrupted, suspended or terminated from time to time. Thirdpartycollateral.com shall have the right at any time to change or discontinue any aspect or feature of Thirdpartycollateral.com, including, but not limited to, content, hours of availability and equipment needed for access or use. Further, Thirdpartycollateral.com may discontinue disseminating any portion of information or category of information, may change or eliminate any transmission method and may change transmission speeds or other signal characteristics.
Upon subscription of our services, Thirdpartycollateral.com grants you a limited license to access and make personal use of the Site. This license does not include any downloading or copying of account information for the benefit of another vendor or any other third party; caching, unauthorized hypertext links to the Site and the framing of any Content available through the Site, uploading, posting, or transmitting any content that you do not have a right to make available (such as the intellectual property of another party); uploading, posting, or transmitting any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment; any action that imposes or may impose (in Thirdpartycollateral.com's sole discretion) an unreasonable or disproportionately large load on Thirdpartycollateral.com's infrastructure; or any use of data mining, robots, or similar data gathering and extraction tools. You should not bypass any measures used by Thirdpartycollateral.com to prevent or restrict access to the Site.
Any unauthorized use by you shall terminate the permission or license granted to you by Thirdpartycollateral.com. By using this Site and by accepting to agree to these terms and conditions you also agree that you shall not hack or otherwise hire some third party to hack the site or use any other unauthorized means without a written consent of Thirdpartycollateral.com and access any third party information. You shall in such an event be liable of a criminal offence and Thirdpartycollateral.com shall institute appropriate legal proceedings to claim damages. Thirdpartycollateral.com also reserve rights to institute proceedings in accordance with the law relating to intellectual property rights violation or infringement available to it in case the misuse of this website is a person or an entity that belongs to out of India. In case of any legal proceedings, the powers shall vest with appropriate court in Mumbai legal jurisdiction.
Our website users may experience difficulty in accessing website from 1.00am am to 3.00 am due to website updates. We apologize for the inconvenience caused to our users.
- you are of legal age to form a binding contract and are not a person barred from receiving services or goods under the laws as applicable in India.
-Also you are more than 21 years of age.
-You also agree to provide true, accurate, current and complete information about yourself as prompted by the Site's registration form. If you provide any information that is untrue, inaccurate, not current or incomplete (or becomes untrue, inaccurate, not current or incomplete), or Thirdpartycollateral.com has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, Thirdpartycollateral.com has the right to suspend or terminate your account and refuse any and all current or future use of the Site (or any portion thereof).
- As Thirdpartycollateral.com is a website that enables borrowers to find lenders of the security and lenders to find borrowers of the same, it considers provisions of wrong information on this web portal willingly an act that would constitute misrepresentation, fraud and cheating.
- If you use the Site, you are responsible for maintaining the confidentiality of your account and password, and for restricting access to your computer. You agree to accept responsibility for all activities that occur under your account or password. Because of this, we strongly recommend that you exit from your account at the end of each session.
-You agree to notify Thirdpartycollateral.com immediately of any unauthorized use of your account or any other breach of security.
-Thirdpartycollateral.com reserves the right to refuse service, terminate accounts, or remove or edit content in its sole discretion. In the event, Thirdpartycollateral.com finds that the information shared by the User of the website is incorrect or that the User is in breach of terms or conditions of the website or User is in default of the lenders and borrowers agreement than in such case Thirdpartycollateral.com may add the name and details of such person in the list of persons who are blacklisted from using the services of this site.
User shall be responsible for obtaining and maintaining all telephone, computer hardware and other equipment needed for access to and use of this Site and all charges related thereto. Thirdpartycollateral.com shall not be liable for any damages to the End User's equipment resulting from the use of this Site.
Thirdpartycollateral.com and any other microcites, individual sites or merchant available through external hyperlinks with our Site are our private property. All interactions on this Site and/or the Microsites must comply with these Terms and Conditions. we do insist and require that all end users restrict any and all activity in connection with the use of this Site and the Microsites to that which involves lawful purposes only. End User shall not post or transmit through this Site any material which violates or infringes in any way upon the rights of others, or any material which is unlawful, threatening, abusive, defamatory, invasive of privacy or publicity rights, vulgar, obscene, profane or otherwise objectionable, which encourages conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any law, or which, without Thirdpartycollateral.com's express prior, written approval, contains advertising or any solicitation with respect to Products or Services. Any conduct by an End User that in Thirdpartycollateral.com's exclusive discretion restricts or inhibits any other End User from using or enjoying this Site and/or any of the Microsites is strictly prohibited. End User shall NOT use this Site or any of the Microsites to advertise or perform any commercial, religious, political or non-commercial solicitation, including, but not limited to, the solicitation of users of this Site and/or the Microsites to become users of other on- or offline services directly or indirectly competitive or potentially competitive with Thirdpartycollateral.com. The foregoing provisions of this Section apply equally to and are for the benefit of Thirdpartycollateral.com, its subsidiaries, affiliates and its third party content providers and licensors, and each shall have the right to assert and enforce such provisions directly or on its own behalf.
Thirdpartycollateral.com shall have the right, but not the obligation, to monitor the content of the Site at all times, including any chat rooms and forums that may hereinafter be included as part of the Site, to determine compliance with this Agreement and any operating rules established by Thirdpartycollateral.com, as well as to satisfy any applicable law, regulation or authorized government request. Without limiting the foregoing, Thirdpartycollateral.com shall have the right to remove any material that Thirdpartycollateral.com, in its sole discretion, finds to be in violation of the provisions hereof or otherwise objectionable. You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.
Thirdpartycollateral.com will communicate with you through any of the mode using email, SMS and telephone or all of them or any other mode. Account holders must provide a valid email address and contact telephone and/ or mobile number to Thirdpartycollateral.com for this purpose.
Please note Thirdpartycollateral.com will not be able to contact the customer in case customer's number is part of DNC (Do Not Call) list as generated by TRAI (Telecom Regulatory Authority of India). In this case we request customers to call us on our call center number.
When you use the Site or send emails to Thirdpartycollateral.com, you are communicating with Thirdpartycollateral.com electronically. You consent to receive communications from Thirdpartycollateral.com electronically.
From time to time, Thirdpartycollateral.com will also send you marketing material. If you do not wish to receive such material, you may unsubscribe from our mailing list at any time by using the unsubscribe function in the electronic marketing communication or by contacting support@Thirdpartycollateral.com
We may have to cancel certain orders which seek rendition of services that Thirdpartycollateral.com is unable to accept . We reserve the right, at our sole discretion, to refuse or cancel any order for any reason. We may also require additional verifications or information before accepting any instruction or registering you on are portal as a lender or a borrower of the security. the funding may get rejected at any stage due to lack of information or verifiable information.
Upon User communications or through listing on this Site, User shall be deemed to have granted to Thirdpartycollateral.com a royalty-free, perpetual, irrevocable, non-exclusive license to use, reproduce, modify, publish, edit, translate, distribute, perform, and display the communication alone or as part of other works in any form, media, or technology whether now known or hereafter developed, and to sublicense such rights through multiple tiers of sub-licensees.
Credit card information will be masked on your account and will not be visible to Thirdpartycollateral.com Customer Service operators.
Credit card information collected for the purpose of payment of Product(s) or Services purchased at Thirdpartycollateral.com will be stored securely using a 128 bit Secure Socket Layer ("SSL") technology or on a cloud.
You agree, understand and confirm that the credit card details provided by you for availing of services on Thirdpartycollateral.com will be correct and accurate and you shall not use the credit card which is un-lawfully owned by you, thus you must not pay or attempt to pay for services using fraudulent credit card information. You further agree and undertake to provide the correct and valid credit card details to Thirdpartycollateral.com. In case of orders that amount to Rs.10,000 or more, the customer will be required to provide the last four digits of the credit card used to place the order, for the purpose of verification.Further the said information will not be utilized and shared by Thirdpartycollateral.com with any third parties unless required for fraud verifications or by law, regulation or court order. Thirdpartycollateral.com will not be liable for any credit card fraud. The liability for use of a card fraudulently will be on you and the onus to 'prove otherwise' shall be exclusively yours.
Thirdpartycollateral.com reserves the right to recover the cost of Service(s) and Product(s), collection charges and lawyers fees from persons using the Site fraudulently. Thirdpartycollateral.com reserves the right to initiate legal proceedings against such persons for fraudulent use of the Site and any other unlawful acts or omissions in breach of these terms and conditions.
Thirdpartycollateral.com assumes no liability whatsoever for any monetary or other damage suffered by you on account of the delay, failure, interruption, or corruption of any data or other information transmitted in connection with use of the Site; and/or any interruption or errors in the operation of the Site. You expressly understand and agree that Thirdpartycollateral.com and its subsidiaries, affiliates, officers, employees, agents, partners and licensors shall not be liable to you for any direct, indirect, incidental, special, consequential or exemplary damages, including, but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if Thirdpartycollateral.com has been advised of the possibility of such damages), resulting from use of the Site, sale and supply of Products content or any related goods and services. Thirdpartycollateral.com, its associates and technology partners make no representations or warranties about the accuracy, reliability, completeness, current-ness and/or timeliness of any content, information, software, text, graphics, links or communications provided on or through the use of the Site or that the operation of the Site will be error free and/or uninterrupted. This limitation of liability section shall prevail over any conflicting or inconsistent provision contained in any of the documents comprising this Agreement. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, trojan horses and other items of a destructive nature.
The User with immediate effect waives any right which had accrued to him from using the website to initiate any legal action against Thirdpartycollateral.com. User also acknowledges that the credibility of a lender or a borrower of the security as depicted upon the website is based on the information that is provided to Thirdpartycollateral.com. In case there is a non disclosure of information to Thirdpartycollateral.com of the information, and the judgment of Thirdpartycollateral.com is impaired and the ratings or credibility of a lender or a borrower is not found to be correct, Thirdpartycollateral.com shall not be responsible for any claims, losses, damages or liabilities. Thirdpartycollateral.com in any event is not responsible for return of subscription money or fees or other charges collected from the user. The aggrieved party shall have exclusive right to initiate proceedings against such other party. Thirdpartycollateral.com do provide the necessary information and support to the aggrieved party However, no party shall make any claim against Thirdpartycollateral.com and shall conduct an independent due diligence of the borrower or lender before dealing with them.
Under no circumstances shall Thirdpartycollateral.com, its subsidiaries, employees, officers, affiliates, directors, agents, suppliers, shareholders, non executive directors or its licensors involved in creating, producing, transmitting or distributing products or services on this site, granting or receiving securities/assets from a member associated with the Thirdpartycollateral.com website be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from either misrepresentation, fraud, coercion, breach of trust, misappropriation, cheating or for any other such reason of its end users or of third parties including but not limited to loss of profits and loss of goodwill or loss of interest.
User agrees to indemnify and hold Thirdpartycollateral.com (and its officers, directors, agents, subsidiaries, joint ventures, and employees) harmless from any claim or demand, including reasonable attorneys' fees, or arising out of or related to your breach of this T&C;, or your violation of any law or the rights of a third party including but not limited to breach of any warranties, representations or undertakings or in relation to the non-fulfillment of any of your obligations under this T&C; or arising out of violation of any applicable laws, regulations including but not limited to Intellectual Property Rights, payment of statutory dues and taxes, claim of libel, defamation, violation of rights of privacy or publicity, loss of service by other subscribers and infringement of intellectual property or other rights. This clause shall survive the expiry or termination of this T&C.;
If any of the Terms shall be deemed void, invalid or unenforceable for any reason, that condition shall be deemed several and shall not affect the enforceability of any remaining provision.
The Site may provide End Users with the ability to send email messages to other End Users and non-End Users and to post messages on the Site. Thirdpartycollateral.com is under no obligation to review any messages; information or content ("Postings") posted on the Site by End Users and assumes no responsibility or liability relating to any such Postings.
You understand and agree not to use any functionality provided by the Site to post content or initiate communications that contain:
If you are no longer interested in receiving e-mail announcements and other marketing information from us, or you want us to remove any personal information that we have collected about you, you can opt-out anytime by sending an e-mail about your request to support@Thirdpartycollateral.com
We use third-party service providers to serve ads on our behalf across the Internet and sometimes on this site. They may collect anonymous information about your visits to our website, and your interaction with our products and services. They may also use information about your visits to this and other websites to target advertisements for goods and services. This anonymous information is collected through the use of a pixel tag, which is industry standard technology used by most major websites. No personally identifiable information is collected or used in this process. They do not know the name, phone number, address, email address, or any personally identifying information about the user.
The Site or third parties may provide links to other World Wide Web sites or resources. Because Thirdpartycollateral.com has no control over such sites and resources, you acknowledge and agree that Thirdpartycollateral.com is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such sites or resources. You further acknowledge and agree that Thirdpartycollateral.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.
Access to and use of password protected and/or secure areas of the Site is restricted to authorized Users only. Unauthorized individuals attempting to access these areas of the Site may be subject to prosecution.
You can pay Thirdpartycollateral.com using payumoney services or direct RTGS/ NEFT transfer to our designated bank account. All transactions are processed in INR (Indian Rupees)
You acknowledge that the Thirdpartycollateral.com is not engaged in either providing of properties for loan or borrowing properties for loan from any member of the website. You acknowledge that the Thirdpartycollateral.com managing this website and neither Thirdpartycollateral.com or any of its subsidiary or affiliate has any interest in either grant of asset/ security or in borrowing security from a member registered on the website.
You acknowledge that the Thirdpartycollateral.com is not at all responsible for any claim or damage in case either the person who has agreed to provide security has not granted such security or the person who has agreed to borrow the security does not do so. You also acknowledge that the Thirdpartycollateral.com in no manner warrants or guarantees the performance of terms and conditions of either a borrower or lender of the security. Thirdpartycollateral.com in no manner warrants and guarantees that either the provider of the security or the recipient of security has provided all the information on this website which is true and correct including his address, phone numbers, security valuation, title, possession or the mortgageability etc. You acknowledge that it is your responsibility to verify the information about the person on the website and Thirdpartycollateral.com is in no manner liable if the information provided on this website is untrue or incorrect. You also acknowledge that Thirdpartycollateral.com is in no manner responsible for any claim of money or damages in the event of misrepresentation about financial status or commission of a fraud or a cheating or any other such illegal act by the either party.
All details of the members of this Thirdpartycollateral.com website and their financial status, included in or available through this site are provided for use without warranties of any kind, either express or implied, Thirdpartycollateral.com, its shareholders, its holding company, its subsidiaries, and its licensors do not warrant that the information or other material which is palced on the website by any person is correct including his finacial status or capability or has not approached the other user of this website with a criminal intent to either cheat or misappropriate or deny any other user of its legitimate claims. By uploading any content, representation or statement of your financial status or your proof of residence you represent and warrant that you have the lawful right to reproduce and distribute such content and that the content complies with all laws and is true and authentic and is not in any event placed on the website to defraud other users or create a false impression in their minds that you have a sound financial status or are reasonably capable of providing any valuable assets for mortgage or borrowing any such asset. You also represent that you have not ever been accused to any fraud, misrepresentation or default in repayment of any claims or monies to any third party whether a bank or fiancial institution of not. You also represent that there are no outstanding disputes in connection with your moral turpitude or financial status. You hereby represent and warrant to Thirdpartycollateral.com that you are legally competent to execute, be bound by and adhere to terms and conditions of Thirdpartycollateral.com. Your use of this site is solely at your risk. You agree that Thirdpartycollateral.com shall have no responsibility for any damages suffered by you in connection with this site or any content contained therein or any damage suffered in the event of default or misrepresentation by any other user of this website.
Use of this Site and any Term and Conditions stated in this policy is subject to laws of India. Appropriate Courts of Mumbai will have exclusive jurisdiction of dealing with all disputes arising from use of this site.
The trademarks, logos and service marks ("Marks") displayed on the Site are the property of Thirdpartycollateral.com and other respective persons. End Users are prohibited from using any Marks for any purpose including, but not limited to use as meta-tags on other pages or sites on the World Wide Web without the written permission of Thirdpartycollateral.com or such third party which may own the Marks. All information and content including any software programs available on or through the Site ("Content") is protected by copyright. End Users are prohibited from modifying, copying, distributing, transmitting, displaying, publishing, selling, licensing, creating derivative works or using any Content available on or through the Site for commercial or public purposes.
In case any of these conditions are deemed invalid, void, or for any reason unenforceable, the parties agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the unenforceable condition shall be deemed severable and shall not affect the validity and enforceability of any remaining condition. From time to time Thirdpartycollateral.com may offer special promotional offers which may or may not apply to your Thirdpartycollateral.com account. To avail of such promotional offers, you agree to be bound by any additional terms and conditions for these special offers which are laid down by Thirdpartycollateral.com. This T&C; and the relationship between you and Thirdpartycollateral.com will be governed by the laws as applicable in India. Any dispute(s) arising out of this T&C; will be handled in the competent courts of mumbai. The failure of Thirdpartycollateral.com to act with respect to a breach by you or others does not waive its right to act with respect to subsequent or similar breaches. Thirdpartycollateral.com does not guarantee it will take action against all breaches of this T&C.; Except as otherwise, expressly provided in this T&C;, there shall be no third-party beneficiaries to this T&C.; This T&C; constitutes the entire agreement between you and Thirdpartycollateral.com and governs your use of the Site, superseding any prior agreements between you and Thirdpartycollateral.com with respect to the Site.