Terms and Conditions for loan against mutual funds
1. Introduction
Goalstox Technologies Pvt. Limited ("Goalstox") collaborates with Smallcase Technologies Private Limited ("Smallcase") and its associate companies, Essential Investment Managers Private Limited and Nexum Finvest Private Limited, to facilitate loans against mutual funds ("LAMF") for our users through an agreement dated 2nd Jan 2024. By applying for a LAMF through Goalstox, you ("User") agree to the following terms and conditions, in addition to Goalstox's Terms and Conditions.
2. Services
Goalstox provides a platform to connect users with Smallcase and its associates for the purpose of availing LAMF. The actual loan services, including sanctioning and disbursal, are provided by Smallcase and its associate companies.
Goalstox is Amfi-registered mutual fund distributor (MFD with ARN-249633), Goalstox is neither an advisor, nor provides any investment research.
3. User Information and Data Sharing
To facilitate the LAMF process, Goalstox will share the following user information with Smallcase:
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Personal details (Full name, PAN number, date of birth)
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Contact information (email address, mobile number)
By proceeding with the LAMF application, you consent to this data sharing. Smallcase and its associates may request additional information directly from you to complete the loan sanctioning and disbursal process.
4. User Responsibilities
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Accuracy of Information: You are responsible for ensuring that all information provided to Goalstox and Smallcase is accurate and up-to-date.
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Compliance: You agree to comply with all applicable laws and regulations while using the services.
5. Loan Terms
The specific terms of the LAMF, including interest rates, loan amounts, tenure, and repayment schedules, are determined by Smallcase and its associate companies. It is your responsibility to review and understand these terms before accepting any loan offer.
6. Limitation of Liability
Goalstox acts solely as a facilitator between the User and Smallcase. Goalstox is not responsible for any decisions made by Smallcase regarding loan approvals, terms, disbursals, or any other actions related to the LAMF.
7. Amendments
Goalstox reserves the right to modify these terms and conditions at any time. Any changes will be communicated to Users through appropriate channels. Continued use of the services after such modifications constitutes acceptance of the revised terms.
8. Governing Law
These terms and conditions are governed by the laws of India. Any disputes arising from or in connection with these terms shall be subject to the exclusive jurisdiction of the courts located in Mumbai, India.
9. Contact Information
For any questions or concerns regarding these terms and conditions, please contact Goalstox at support@goalstox.com.
Note: This document should be read in conjunction with Goalstox's Terms and Conditions and Smallcase's Terms and Conditions.