These Terms and Conditions (“T&C”) govern the relationship between RMDC Fin Serv (“we,” “us,” or “our”) and individuals or entities (“you” or “DSA Partner”) who wish to join us as Direct Selling Agents (DSAs). By registering as a DSA with RMDC Fin Serv, you agree to comply with these T&C and all applicable Indian laws.
- General
1.1. RMDC Fin Serv provides a platform for individuals or entities to work as DSAs, facilitating loans and other financial products for our partnered Non-Banking Financial Companies (NBFCs).
1.2. RMDC Fin Serv acts as an intermediary and does not assume any financial risk or liability related to the actions or outcomes of DSA activities.
- Role of the DSA Partner
2.1. As a DSA Partner, your role is to:
- Source potential customers for financial products offered by NBFCs.
- Educate customers about the loan products and assist with the loan application process.
- Collect and submit accurate and complete customer documents to RMDC Fin Serv or the NBFC.
2.2. You are solely responsible for ensuring that customers meet the eligibility criteria and comply with the terms set by the NBFC.
- No Guarantee of Income or Success
3.1. RMDC Fin Serv does not guarantee any specific income, incentives, or success rates for DSAs. Your earnings will depend on the volume and quality of business sourced by you and approved by the NBFC.
3.2. RMDC Fin Serv is not liable for delays, rejections, or disputes related to customer applications submitted by the DSA.
- Compliance and Legal Responsibility
4.1. You are required to comply with all applicable Indian laws, including but not limited to the Indian Contract Act, 1872, the Prevention of Money Laundering Act, 2002, and any NBFC-specific regulations.
4.2. You must ensure that no fraudulent, misleading, or illegal activities are conducted under your DSA partnership. Any violation will result in immediate termination and legal action.
- Confidentiality
5.1. You agree to keep all customer and business information confidential and use it solely for purposes related to loan facilitation through RMDC Fin Serv.
5.2. Misuse of confidential information will result in immediate termination of the partnership and potential legal action under the Information Technology Act, 2000.
- Disclaimer of Liability
6.1. RMDC Fin Serv shall not be held liable for:
- Losses, claims, or disputes arising from the DSA’s actions or omissions.
- Rejection of customer applications or delays in processing by NBFCs.
- Non-payment or discrepancies in commissions due to disputes between the DSA and the NBFC.
6.2. All financial and legal risks related to customer sourcing and application accuracy rest solely with the DSA Partner.
- Payment and Commission
7.1. Commissions will be paid to the DSA Partner based on successful loan disbursals and in accordance with the terms agreed upon at the time of onboarding.
7.2. RMDC Fin Serv is not liable for any disputes regarding commission rates or payments from NBFCs.
7.3. RMDC Fin Serv reserves the right to withhold or adjust payments in cases of fraud, errors, or violations of these T&C.
- Termination
8.1. RMDC Fin Serv reserves the right to terminate the DSA partnership at any time without notice if:
- There is evidence of fraud, misrepresentation, or non-compliance with these T&C.
- The DSA fails to meet performance expectations or violates applicable laws.
8.2. Upon termination, the DSA must cease all activities under the RMDC Fin Serv partnership and return any company property or documentation in their possession.
- Indemnity
9.1. The DSA Partner agrees to indemnify and hold RMDC Fin Serv harmless from any claims, damages, losses, or liabilities arising from:
- Inaccurate or incomplete customer documentation.
- Misrepresentation or fraudulent practices.
- Legal disputes with customers, NBFCs, or third parties.
- Amendments
RMDC Fin Serv reserves the right to modify these T&C at any time. DSAs will be notified of significant changes, and continued participation in the program constitutes acceptance of the updated terms.
- Governing Law and Jurisdiction
11.1. These T&C are governed by the laws of India.
11.2. Any disputes arising from this agreement shall be subject to the exclusive jurisdiction of the courts in [New Delhi, India ].
- Declaration
By registering as a DSA with RMDC Fin Serv, you declare that:
- You have read, understood, and agreed to these Terms and Conditions.
- All information provided during the registration process is accurate and truthful.
- You accept full responsibility for your actions as a DSA and will comply with the applicable laws and policies of RMDC Fin Serv and its partnered NBFCs.