Terms and Conditions of Invite to digibank Personal Loan
Terms and Conditions
Program - All existing digiSavings customers (“Customer”) can earn cashback of ₹250 for each friend or family member (“Friend/s”) they invite using unique invitation link (“Link”) to apply for a personal loan (“Loan”); provided these Friend/s applied for the Loan through that Link only, shared by the Customer and the Loan is disbursed in the digiSavings account of these Friend/s by 31st March, 2020.
All Friend/s will also be eligible for ₹250 cashback when they apply for the Loan through the Link shared by the Customer and the Loan get disbursed in their new digiSavings account by 31st March, 2020.
Program Period - 6th February, 2020 to 31st March, 2020 (both days inclusive).
Cashback will be credited to both Customer & Friend/s digiSavings account before 30th April, 2020.
Only those Customer who are having digiSavings account and the Friend/s whom they share the Link get the Loan disbursed in their new digiSavings account by 31st March, 2020 are eligible for this Program.
Only those Friend/s who have applied for the Loan through the Link shared by the Customer and the Loan get disbursed in their new digiSavings account by 31st March, 2020 are eligible for this Program.
All digibank Loan process are applicable to this Program with respect to eligibility criteria, application process, Loan amount limits, interest rates, Loan term, repayment schedule, documents required, cancellation, processing fees & other charges or any other terms & conditions mentioned in following links:
Loan sanctioned to the Friends/s should not be cancelled after disbursement for any reason.
Customers/ Friend/s not meeting any of the above criteria will not be eligible for the cashback amount under this Program.
Other Terms & Conditions
This program is brought to you by DBS Bank India Limited ("DBS").
Customer/ Friend/s authorizes DBS, its associates, subsidiaries and affiliates to contact him/her.
The Customer declares that due consent has been obtained from the Friend/s, to provide his/her contact details to DBS to contact the Friend/s to offer its banking services and products. The Customer agrees and undertakes that she/he shall be responsible to DBS, its associates, subsidiaries and affiliates for any losses or claims that may be occasioned upon DBS, in the event that such declaration or undertaking is found to be untrue.
As part of the Program, the Friend/s acknowledges, understands and agrees that when he/she receives the Link from the Customer, the Customer will know that the Friend/s will open the digiSavings account with DBS. If the Friend/s desires to avoid disclosing this personal information, the Friend/s may choose to apply independently and not respond to the Customer Link received under this Program, however in that scenario he/ she is not eligible for the cashback amount. Likewise, by sharing the Link to the Friend/s, the Customer acknowledges, understands and agrees that the Friend/s will know that the Customer stands a chance to get ₹250 cashback amount if the Friend/s fulfills the eligibility criteria. If the Customer does not desire to disclose this information, he/she should not participate in this Program, however in that scenario he/ she will not get the cashback amount .
₹250 cashback will be shared to the Customer before 30th April, 2020 for every eligible Friend/s who gets their Loan disbursed till 31st March, 2020.
₹250 cashback will be shared to the Friend/s before 30th April, 2020 if the Friend/s applied for the Loan through the Link shared by the Customer and get their Loan disbursed till 31st March, 2020.
Friend/s should not be an existing digibank account holder.
If two different Customer shares their Link with same Friend/s, then only the Customer whose Link was clicked to open the account will be considered eligible.
Opening of digibank account is subject to internal policies of DBS.
Tax liability arising from the Program, if any, will be solely borne by the Customer/”Friend/s”. DBS will have the right to deduct TDS, if applicable, as per existing regulations.
Account closed and opened under same Aadhaar and PAN will not be considered for additional payouts.
DBS reserves the right to and may, at any time, without previous notice and from time to time, modify/withdraw/suspend this Program, with or without any reason.
This Program will be governed by the laws of India and subject to courts in Mumbai.
The participation in the Program is voluntary and by participating in the Program, you are deemed to have read, understood and accepted these Terms and Conditions.