Making credit worthy for all

What is axio Pay Later?

axio Pay Later is the most hassle-free way to get instant credit, via a completely digital process, for purchases made online. You only need to complete a one-time setup process, which should not take more than 2 minutes and doesn't require credit card details. Once the setup is complete, you get access to a Pay Later limit on the payments page on the partner website to shop immediately and make payments either within 30 days or with EMIs ranging from 3 to 18 months.

What are the key benefits of axio Pay Later?

● Access to credit within 2 minutes. Get an instant decision.

● Completely digital process.

● No credit card or salary history required.

● No cancellation fee.

● No pre-closure charges

● Seamless checkout on our partner website using this payment mode

What are the eligibility criteria to use axio Pay Later?

You need to have an account with our partner website, a valid PAN card, Aadhaar card and a bank account in the listed banks. Your age must be 21 years or above. Further eligibility is decided on the basis of a host of variables, like your previous bookings & cancellations history on the partner website, your credit bureau history, and so on. Our models will rate your performance basis these variables and enable or disable this payment mode for you and decide the Pay Later limit for your account.

How do I sign up for axio Pay Later?

Go to the “Pay Later” registration page on our partner's mobile app and follow these simple on-screen instructions.

Step 1: Verify

● Provide your PAN and Aadhaar/Virtual ID (VID) details for verification. Complete verification by confirming the one-time password (OTP) sent on your Aadhaar-linked mobile number.

● Once the OTP is entered, your profile will be verified and evaluated, and the Pay Later limit will be determined, which will be displayed to you on the next screen.

Step 2: Accept

Your approved axio Pay Later limit will be displayed here along with the loan agreement & Key Facts Statement(KFS) with important information such as applicable charges, repayment schedules, etc. Please read and accept the agreement to complete the Pay Later registration.

Step 3: Repayment

You will have to link your bank account/debit card to process your monthly EMI repayments whenever you use this limit for booking or shopping.

● To successfully set this up, your bank account/debit card will be charged up to ₹5, which will be refunded to your bank account within 3-5 business days.

● Only a few banks are supported for now. You can find the complete list on-screen during set-up.

Who is the lending partner(s), and why am I providing my details to them?

axio Pay Later is offered to you by CapFloat Financial Services Private Limited in association with Karur Vysya Bank as its co-lending financial partner.

CapFloat Financial Services Private Limited is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. It is listed in RBI's list of NBFCs and is permitted to lend money to retail customers, and small and medium businesses. CapFloat Financial Services Private Limited operates in accordance with the legal framework and regulations prescribed by the RBI.

Is it mandatory to provide PAN Card and Aadhar/VID details?

PAN and Aadhaar or VID are mandated by regulations for completing basic Know Your Customer (KYC) checks. If you don't have a PAN or Aadhaar/VID, you will not be able to complete the registration.

What is Aadhar Virtual ID (VID)? Can it be used in place of my Aadhar number?

Aadhaar Virtual ID (VID) is an alternative to your Aadhaar number. You can provide your VID instead of your Aadhaar number for KYC completion. This is the new feature implemented by UIDAI (the organization responsible for issuing Aadhaar numbers to citizens of India), considering the privacy of a person's Aadhaar number and associated details. VID is a temporary 16-digit numerical code that can be generated on the UIDAI website against any specific Aadhaar number. It can be generated any number of times and the original Aadhaar number cannot be retrieved using this code. More details on VID can be found here.

How can I generate my Aadhar VID?

Step 1: Visit UIDAI's website at http://uidai.gov.in/

Step 2: Click on the "Virtual ID (VID) Generator" from the “Aadhaar Services” section

Step 3: You will be taken to a new “VID Generation” page

Step 4: Enter your 12-digit Aadhaar number and the security code

Step 5: Now click on the "Send OTP" button

Step 6: An OTP will be sent to your mobile number registered with Aadhaar

Step 7: Enter the OTP and select the option to either "Generate VID" or "Retrieve VID"

Step 8: Now click on the “Submit” button

Step 9: You will get the message on your registered mobile number mentioning the 16- digit virtual ID for your Aadhaar number

I don’t remember my Aadhar number, how do I find it?

You don't have to worry if you’ve forgotten your Aadhaar number. Now you can find your Aadhaar number online within a few minutes by following these steps:

● Go to the Resident Portal of UIDAI here

● Enter your Full Name, Email ID, or Mobile Number in the box

● Enter the security code and click on the “Get OTP” button

● You will get an OTP on your registered number. Enter the OTP in the box and click on the “Verify OTP” button.

● You will receive your Aadhaar number on your mobile phone

I didn’t receive a One-Time Password (OTP) after entering my PAN and Aadhar details

The OTP is sent by the Unique Identification Authority of India (UIDAI) to the phone number registered with your Aadhaar card, as per their database. If you haven’t received an OTP after entering your details:

● Make sure you are checking the mobile number registered with your Aadhar card for the OTP.

● Check your mobile network connectivity. If it is weak, try later from an area with good mobile network connectivity.

How do I update my mobile number linked to Aadhar?

Updating your Aadhaar mobile number requires biometric authentication, and it cannot be done by post or online, according to the UIDAI. You will need to visit the nearest Permanent Enrolment Center / Aadhaar Kendra.

How long is KYC valid using Aadhar number or Aadhar VID?

The current KYC process using OTP verification of your Aadhaar or VID number is valid for 1 year. We are working on enabling other modes of KYC to extend the validity of the account for more than a year. A customer can have only one OTP based account across Registered Entities

My internet got disconnected while registering. What should I do now?

In such cases, you can resume the axio Pay Later registration process on regaining connectivity. The process will take you to the step you had left unfinished.

Is the information I share to avail axio Pay Later secure?

Our partner websites follow certified data security standards to ensure the safety of your data. axio also follows the same standards for keeping your data secure. In addition, axio is mandated to follow data security standards mandated by Indian government regulations and any other governing laws and regulations as applicable.

Why was my axio Pay Later registration declined?

Here are the probable reasons for your axio Pay Later registration getting rejected:

● Multiple incorrect OTP attempts for Aadhaar verification.

● No entry of OTP for Aadhaar verification for a specified time-period.

● You did not accept the final loan agreement after the generation of the Pay Later limit

● You are currently not eligible as per internal evaluation policies.

● Your KYC document verification failed

● Your downpayment was unsuccessful

Do I have to provide PAN and Aadhar details every time I make a Pay Later transaction?

Registration is a one-time process. You do not have to share these details every time you make a transaction.

What are the available EMI plans for using axio?

axio currently offers a 30 day credit period option and EMI plans for 3, 6, 9, 12 & 18 months. The available plans for your purchase will be displayed on the payment page during checkout.

How many purchases can I make with axio?

You can make multiple purchases using axio up to your available limit approved as part of the registration. Please note that as per regulations, for KYC undertaken using Aadhaar number/VID and OTP, there is a regulatory cap on the amount of total purchases of Rs. 60,000 using axio.

For KYC undertaken using offline document verification process, there is no regulatory cap on the limit usage. This is subject to underwriting criteria.

Do axio purchases entail interest costs?

While choosing to pay by EMIs (3-18 months), there might be interest costs associated. The details of the interest cost payable will be communicated to you on the payment page while choosing the EMI plan.

Is auto-repayment setup mandatory during purchase?

Auto-repayment setup is mandatory. The one-time setup can be done:

(i) at the time of registration

(ii) during a purchase using axio Pay Later

Do I need to make any down payment?

Yes, some axio Pay Later purchases require a down payment to be made. In these instances, your purchase using axio Pay Later will be successful only if the down payment is made successfully.

Can I change my EMI plan?

We are sorry to inform you that you will not be able to change your EMI plan(s) once the purchase has been made.

My down payment failed. Will I get an option to retry payment?

In case you were unable to make the down payment due to technical issues and you want to reattempt making the payment, please contact us at ask@axio.co.in or call us on 080-68075001. We will be happy to assist you.

How much will be deducted from my axio Pay Later limit on making a booking?

An amount equivalent to your order value will be deducted from your axio Pay Later credit limit. Whenever you repay the monthly installments, the amount equivalent to the principal value in your installments will be replenished in the Pay Later credit limit. But your regulatory limit or sanctioned limit (subject to underwriting) may not increase.

Can I convert a transaction I already made using another payment method to axio Pay Later?

You will not be able to change the payment method of an order once it is successfully placed.

Will I get reward points for using axio Pay Later?

Sorry, you will not accrue any reward points for making bookings using axio Pay Later. However, if you repay using your debit card, you can accrue reward points on the repayments in your debit card, if applicable by your bank.

Why am I being contacted by axio claiming that I have taken a loan from them for online purchases?

Several e-commerce companies have partnered with axio, the brand name of CapFloat Financial Services Private Limited, a Reserve Bank of India recognized Non-Banking Financial company to provide the Pay Later facility to our customers. Since our e-commerce partner doesn't hold the license to give credit to customers, axio has provided credit to you via the e-commerce partner.

My payment failed while placing an order, will I get an option to retry payment?

In case the payment failed on your order, you will get an option to retry the payment using a different payment method than axio Pay Later.

When is my axio repayment due?

The first EMI for your booking will be due on the 5th day of the month after the subsequent month of purchase. You can also check your repayment schedule via the KFS.

For example: If you've made a transaction using axio Pay Later in April, the first EMI will be due on 5th of June (month next to the subsequent one). All the subsequent EMIs will be due on 5th of the subsequent months after June.

How does the repayment work?

Repayment can happen in two ways:

(i) Auto repayment: which is a one-time setup during registration or at the time of purchase using axio Pay Later

What happens in case my auto-repayment setup fails during booking?

Your transaction will be declined. You will have to retry the payment from the “Your Orders” page for that particular order.

Can I change the auto repayment setting after registering for axio Pay Later?

No, once the auto-repayment is set up, you will not be able to change the bank or repayment mode from the partner app. This feature will be available on the app shortly. However, you can call our customer care center to get the auto repayment settings changed through an offline process.

Can I repay the outstanding amount in parts?

Currently, the capability to partly repay the outstanding dues is not available on the platform. However, you can pay the total outstanding amount from the Pay Later dashboard without any additional charges. You will just have to pay the interest amount accrued till that day of the month.

What happens if my debit card/bank doesn’t have sufficient funds at the time of autodeduction of funds towards EMI repayments?

In such a case, we will notify you through email and/or SMS about repayment rejection from the bank and provide details on how to manually complete the payment to avoid any late payment fees/penalties that the lending partner may impose.

Will I get any reminder notification for EMI payments?

Yes, you will be notified about upcoming payments via SMS and/or email 3-4 days before the due date, so that you can keep the bank account well-funded for the repayments.

Can I change my repayment date?

Repayment dates cannot be changed.

What happens if I don’t pay my EMI on time?

It is imperative to pay your EMI on time to avoid late payment charges, maintain a good credit rating, prevent suspension of the axio payment facility, and prevent any legal action.

Please maintain an adequate balance in your account around the repayment date. Not paying your EMI on time could result in a negative impact on your CIBIL score and all other bureau scores.

Will I incur any late payment fees/penalties for delayed payments?

If you miss your payments on the due date, we request you to manually pay them as soon as possible. Non-payment even after 3 days after the due date might attract a late payment penalty. For more information, please visit this link on our website

What should I do if

a. my bank account got debited by an amount that is more than my monthly installment

b. I manually made a repayment, but still, my money got deducted?

In all such cases, the excess funds deducted will be credited by CapFloat Financial Services Private Limited to the respective bank account in 5-7 business days.

Do I have to make multiple payments in case I have placed more than one order using axio Pay Later?

To keep it very convenient for you, we club monthly instalments across all your bookings with axio Pay Later into one total EMI amount. This amount will be due on the due date and will be deducted from your bank account/debit card basis the auto-repayment setup you chose.

Can I cancel the purchase made using axio Pay Later?

Yes. Just like any other booking on the partner website, you can cancel or request cancellation any time before availing the service.

In case of cancellation, how will the refund be processed?

There is a cooling period of 30 days during which cancellations are refunded. Post this period, we will not be able to refund your amounts.

In case you have not paid even a single installment for the product, then on cancelling we will credit your EMI limit with the total order value. If you've already made a payment towards EMI repayments, we will credit the paid amount back to your bank account/debit card, along with reinstating your Pay Later limit as mentioned above. This amount should be reflected in your bank account within 3-5 business days. We may reach out to you via Email /SMS /Call in case further details are required to process the refund.

Do you charge any cancellation fee specifically for axio Pay Later?

There is no Pay Later specific cancellation fee in case you cancel the booking using this limit. However, the standard cancellation fees relevant to the merchant may still apply.

Why is my Pay Later account blocked?

Your Pay Later account could be blocked due to multiple reasons, such as:

● Your KYC has expired

● You have overdue payments (your repayment was more than 30 days delayed from the due date)

● Due to internal partner website policies

● Due to our partner's internal policies

What can I do to unblock the account?

If your account is blocked due to payments not paid on time, please complete the pending payments. If the repayment is overdue for less than 30 days, your account will be unblocked automatically once we receive the payment confirmation. If the payment is made after 30 days of the due date, we will reassess your profile and take the decision on reinstatement. If it is blocked due to expiry of KYC, we will provide details of the process to complete Full KYC and extend validity. If its blocked due to partner's policies, you need to wait for profile re-evaluation (which happens periodically). We will notify you about the reinstatement of your account.

How can I cancel my axio Pay Later account?

To cancel your axio Pay Later account, you'll have to ensure that all the outstanding dues are cleared. Only if there are no outstanding dues, we will be able to process account cancellation requests. If all the dues are clear, please call our customer service team to request account cancellation.

What does mandate cancellation mean?

Mandate cancellation means cancelling the existing mandate linked to the loan account. Once cancelled, we will not be able to process any auto-debit from the borrower’s respective bank account. All further dues need to be paid manually, any delay of which may lead to late payment fees and penalties charged to the borrower, and an adverse impact on the borrower’s CIBIL score.

If I place a cancellation request, is it permanent or temporary?

The cancellation will be permanent.

If I want to use the credit facility post-cancellation, how do I do that?

In the future, if you want to use the facility, the mandate needs to be registered again.

Will cancellation be considered as deactivation?

No, it is subject to clearing of dues and other policies. The Acceptance/Rejection status notification will be sent to you via SMS.

Can I pause/stop instead of cancellation/deactivation?

Yes, you can pause/stop standing instructions to auto-debit your account. Doing so will put the mandate presentations temporarily on hold. If you decide to not use the facility for some time, you can put it on hold. You can resume the mandate later without any extra charges.

Can I resume the mandate if paused?

Yes, you can place a request to resume.

Where can I place the cancellation request?

You can place the cancellation request by clicking on this link and submitting the relevant details.

For any queries related to axio Pay Later, you can reach out to our partner’s customer care portal or axio’s customer service: Call us at 1860 419 0999 or email us at ask@axio.xo.in

Sachet Portal

Sachet portal is the State Level Coordination Committee (‘SLCC’) initiative that allows customers to lodge complaints. The SLCC is the joint forum formed in all States to facilitate information sharing among the Regulators viz. RBI, SEBI, IRDA, NHB, PFRDA, Registrar of Companies (RoCs) etc. and Enforcement Agencies of the States viz Home Department, Finance Department, Law Department, Economic Offences Wing (EOW) etc., with the objective to control the incidents of unauthorized acceptance of deposits by unscrupulous entities.

Regulated Entity Details

Axio Pay Later is offered in partnership with axio (CapFloat Financial Services Pvt Ltd). CapFloat Financial Services Pvt Ltd (axio) is a Non Banking Financial Corporation (NBFC) and is a regulated entity under Reserve Bank of India (RBI) operating in accordance with the legal framework and regulations as prescribed.

Credit facility offered can either be fully funded (100%) by axio or it can be co-funded by both axio and KVB (Karur Vysya Bank Ltd.) in 20:80 split respectively. If so, the user’s bureau report will reflect the approved amazon pay later credit facility under CapFloat Financial Services Pvt Ltd (axio) and Karur Vysya Bank Ltd in 20:80 split in the same ratio respectively. This is at axio’s discretion.

Data Storage Guidelines and Privacy Policy of the LSP

Axio’s Privacy Policy: https://axio.co.in/privacy-policy/

Razorpay’s Privacy policy : https://razorpay.com/privacy/

Customer Care Details

axio Customer Service :
In case of any queries please write to “ask@axio.co.in” or reach out at 080-68-75001

Razorpay customer service

https://razorpay.com/docs/payments/dashboard/support/#:~:text=Chat%20with%20Us,-This%20feature%20is&text=chat%20with%20us%3A-,Log%20into%20the%20Razorpay%20Dashboard.,chatting%20with%20our%20support%20team.

Nodal Grievance Redressal Officer

Mr. Arvind Subramaniam - Grievance Redressal officer of Razorpay
Designation - Data Privacy Head
Address - SJR Cyber Laskar, Hosur Rd, Adugodi, Bengaluru, Karnataka 560030
Contact - 1800 123 1272

https://axio.co.in/wp-content/uploads/2022/12/Axio-GRO-Details.pdf

https://axio.co.in/wp-content/uploads/2022/11/Grievance-Redressal-Policy-Website-V.1.8.pdf

Details about the Lending Service Provider and the Digital Loan Application

For the credit facility axio Pay Later, Razorpay Software Pvt. Ltd acts as the Lending Service Provider and services the users through axio application which acts as a Digital Loan Application, in partnership with CapFloat Financial Services Private Limited (axio) which is an NBFC registered with the Reserve Bank of India.

Can I add spends on behalf of others?

Yes, you can. To do so, tap on the Rupee symbol (₹), create a new group, or select an existing group. Add the person who has made the spend. Tap the “+” button on the bottom right of the screen, which will display a list of your spends. Tap the “+” button again to add a new spend. The dropdown has “Paid By You” as the default. Tap on it to add the name of the group member who has made the spend, along with other details. Once done, tap on “Split” to allocate the amount among members of the group and tap on “Done”.

How can I settle my dues (my pending spends)?

If you owe money, tap on the “You Owe” button in the “Groups” tab or within a group. This will show you a list of friends to who you owe money to.

Can I track money that people owe me, but without letting them know?

Yes, you can do that. On the home screen, tap on the Rupee symbol (₹), and then on the “Add Group” button below. Then select group members. From the “Create Group” page, you will see two options – “Shared Group” and “Private Group”. Select Private Group. You can input details of the money owed to you/ as well as money which you owe to others. Do note that a) other group members will not receive any messages or notifications about group activities b) a Private Group cannot be changed to a Shared Group or vice versa

Can I add or remove a person from my group?

Adding or removing group members can only be done by the person who created the group.

How can I leave a group?

To leave a group, tap the “Exit” icon on the top right of the group. If there are unsettled dues (from you or owed to you), you will see a prompt prior to leaving the group. Pending amounts to/from you will continue to show up in the app for other members till all dues are settled.

Can I delete a group?

A group can be deleted only by the person who created it. Once deleted, data pertaining to that group cannot be retrieved and all expense and split-related information will be lost.

How do I add a bill or group?

To split a spend, tap the “Split” icon when you edit a transaction and then the “Friends” button below to add a new group. Start typing in the name of whoever you’d like to split the bill with and then on “Done” above. You can also add a group first by tapping on the “Groups” tab on the home screen and then on “New Group”. Once the group is created, you can add a spend to it and chat with other group members.

What is Bill Split and how does it work?

Bill Split in axio is a feature that lets you split spends with your friends, colleagues, roommates, or family. Create a group for specific activities (like a Goa trip) or for specific users (like roommates) or instances (like lunch with colleagues). Then add your spends to the group and allocate who pays how much. Split and settle spends over a chat with group members, all from within the app itself.

How can I delete my data from the app/server

To delete your data from the app: – From app Settings, disable backup – From phone Settings, select the app, tap on Storage – Select the “Clear Data” option (the exact sequence may vary across phones) To delete your data from the server: – From app Settings, disable Backup – The “Delete backup” option will now be enabled – Tap on it to delete your data from our servers – Uninstall the app Note: If you choose to reinstall the app, it will detect the SMSes on your phone and recreate your spend summary based on them.

How can I restore axio data on reset/ to a new phone?

On your old phone, ensure “Backup” is switched ON and the text below says “up to date”. This backup is linked to your email id associated with the app. On the new phone (or after resetting the existing phone), first, ensure this email id is added to the device as a Google Account. On installing axio, it will detect and prompt which email ID you wish you use (if you have more than one ID). Select this ID. The app will check for an associated backup profile and, if found, prompt you to restore it. You can then continue using the app on the new phone with your existing data. Remember to use and verify the same mobile number to get all group and axio-related data as well.

How can I export data to PDF/CSV(Excel)?

You can export your data in two ways:

• In the Money Manager tab, tap on the pie chart icon which will take you to the categorical view of the transaction for that month. Now, tap on the filter icon on the top right of your screen. Select the date range, review the data, and export it. You will receive your report via email in PDF and CSV (Excel) format. Do remember to check your Spam / Promotions tabs in case you do not see the mail in your Inbox.
• From the money manager tab. navigate to the Profile Screen by tapping on the profile icon at the top right of your screen. From the Profile Screen - use the Email Statements option under the Expense Tracking section.

Can I use axio across multiple devices?

Currently, axio does not support syncing across devices. You should ideally use your registered email ID and phone number only on a single device at a time. Using axio on multiple devices with the same email id or phone number can cause problems when restoring your data.

Cash/wallet spends marked “Expense” are not visible in the chart

In the app, cash/wallet spends are marked as ‘not an expense’ by default to avoid duplication with ATM withdrawals and wallet load/top-up, respectively. You can edit the transaction and set it as ‘expense’ and view these transactions from the cash or wallet account. To change the behavior entirely, from the Accounts section, tap on “See All” and select the cash/wallet account. Tap on the three dots above, go to Settings, and change the default “Not an expense” setting to “Expense”. All your cash/wallet spends will appear in the main expense bar chart. Remember to set your ATM withdrawal/wallet top-up transactions as ‘not an expense’ to avoid any double counting.

I’m unable to see any spends in the app (Xiaomi, Vivo, Lenovo)

You might have installed axio on a new phone or have reset your phone, in which case there will be no SMSes. Once you start receiving SMSes, axio will automatically detect them and display your spend summary. This is a known issue with these phone models, where some settings need to be enabled: Xiaomi – Add axio to Autostart via Security App>>Permissions>>Autostart. Xiaomi has added extra permission for “Service SMS” in MIUI8 and above. You can enable it from Security App>>Permissions>>Other Permissions>>axio. Vivo – Switch on axio to run in the background from iManager>>App manager>>Autostart manager. Lenovo – From Settings>>Power Manager>>Background App Management, enable autostart for axio. Other devices may also require you to specifically enable the app to run in the background. Once done, kill the app from the active apps list and relaunch it. Run the Rescan SMS option from Settings.

How can I allocate ATM withdrawal amounts to spends?

To account for cash withdrawn from ATMs, you can add cash spends manually by tapping on the “+New Transaction” option in the Money Manager tab, and then adding spend details and assigning a category and tags. Cash spends are marked as ‘not an expense’ by default to avoid double counting with ATM withdrawals and are displayed in the pie chart with the breakup of category-wise spends.

How do I add spends manually if no SMS is received?

At times, the bank may not send an SMS for a transaction or you may not receive it due to poor network/on roaming, etc. You can add such spends manually by tapping the “+ New Transaction” option on the Money Manager tab and selecting the account from the drop-down list. Alternately, from that account’s page in the app, you can tap on the three dots above and select “Add Spend”.

axio does not detect SMSes from my bank/service provider

We are continually adding support for more and more businesses and services. If your bank or service provider/merchant is currently not supported, please report the SMS by tapping on the Profile Icon and then on Biz Messages. Select the sender to view all messages received from that sender. Tap on “Request to Support” so this SMS format can be incorporated in a later update.

What are the Banks, Cards, and Services supported by axio?

Net Banking, Credit Cards, and Debit Cards Andhra Bank, Axis Bank, Bank of Baroda, Canara Bank, Central Bank of India, Citibank, Corporation Bank, Dhanlaxmi Bank, HDFC Bank, HSBC, ICICI Bank, Indian Bank, IndusInd Bank, Jammu and Kashmir Bank, Kotak Mahindra Bank, Punjab National Bank, RBL Bank, Standard Chartered Bank, State Bank of India, Syndicate Bank, United Bank of India, Vijaya Bank, YES Bank Net Banking and Debit Cards Allahabad Bank, Bandhan Bank, Bank of India, Bank of Maharashtra (debit cards only), Catholic Syrian Bank, City Union Bank, Cosmos Bank, DCB Bank, DBS Bank, Dena Bank, Deutsche Bank, Federal Bank, IDBI Bank, IDFC Bank, India Post, Indian Overseas Bank, Karnataka Bank, Karur Vyasa Bank, Lakshmi Vilas Bank, Oriental Bank of Commerce, PMC Bank, PSB Bank, Royal Bank of Scotland (RBS), Saraswat Bank, Shamrao Vithal Co-op. Bank, South Indian Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, Tamilnad Mercantile Bank, TJSB Bank, Union Bank of India, UCO Bank Credit Cards American Express, TATA Businesses, Services, Wallets ACT Broadband, Aircel, Airtel, Airtel Money, Amazon Pay, Axis PayGo, BookMyShow, BSNL, Cleartrip, FreeCharge, Goibibo, ICICI Meal Card, ICICI Multi-Wallet Card, Idea, Infosys SmartCard (iMoney), IRCTC, JioMoney Wallet, MakeMyTrip, MobiKwik, MoboMoney, Olacabs, Paytm, PayZapp, Pockets, Reliance Mobile, Sodexho, Tata Docomo, Ticket Restaurant, Vodafone, Yatra, Zeta DTH Airtel, DishTV, Sun, Tata Sky, Videocon Utilities (Gas, Electricity) Adani Gas, APEPDCL, APSPDCL, BESCOM, BSES, CESC, DHBVN, Gujarat Gas, GUVNL, Mahanagar Gas, MSEDCL, Sabarmati Gas, TANGEDCO (TNEB), TATA Power, TSSPDCL, UHBVN, UPPCL Insurance HDFC Life, ICICI Prudential, Kotak Life, LIC, MAX Life, SBI Life

Which platforms does axio support?

axio is available on Android. With axio Money Manager on your Android phone, you can enjoy facilities like expense tracking, split and settle spends.

Do you upload SMSes or transaction data?

axio securely transmits and saves your messages from businesses on our secure servers. We do so only if you have enabled backup for your convenience. This helps you recover the data when you change your handset or reset your phone. Your data is used only to enhance your experience and is not shared with any third-party. When you categorise a spend, anonymised merchant data is sent to the server. No transaction data is sent. OTPs and personal SMSes are not sent to the server.

Does axio read my personal messages and OTPs?

Does axio read my personal messages and OTPs?

Nodal Grievance Redressal Officer

axio Nodal Grievance Redressal Officer - https://axio.co.in/wp-content/uploads/2022/12/Axio-GRO-Details.pdf

https://axio.co.in/wp-content/uploads/2022/11/Grievance-Redressal-Policy-Website-V.1.8.pdf

What is Money Manager on axio?

axio is a one-stop solution for all your financial needs. You can use the axio app for all banks and cards. axio can automatically present you information on all your spends, bills, and tickets, helping you make sense of where your money goes. You can also split expenses with friends.

What is axio?

axio (formerly known as Capital Float, Walnut & Walnut 369) is the brand name of CapFloat Financial Services Private Limited, an NBFC registered with the RBI, which is the lending partner.

What is axio Personal Loan?

axio Personal Loan is a completely digital and hassle-free way to apply for a personal loan where the loan amount offered ranges from ₹30,000 to ₹4,00,000.

In order to avail a personal loan from axio, the user must have used one of axio’s products (Amazon Pay Later, axio Pay Later). For the user to be eligible they need to have a verified mobile number, a valid permanent account number (PAN) card (used to fetch credit bureau records from relevant entities) and do the KYC process (which is done either through user’s details available on CERSAI portal or through OTP based Aadhaar oKYC via UIDAI/Digilocker). The user must be at least 23 years of age and not above 58 years of age. The user must be a resident of India. Further eligibility is decided based on information already available with the user’s history with our existing products, credit bureau history, income estimation model and KYC details. Based on these and a host of other factors, axio, will decide the approved Personal Loan amount for the user. During the journey, the user has to agree to the terms and conditions, sanction of the loan.

Based on the eligibility criteria, axio will conduct field investigations for certain users, prior to the disbursal of the loan in order to verify the address entered by the user. For such users, loans will be disbursed only if the field investigation report is positive.

When a user avails a loan, the following items are deducted before disbursing the loan amount into their bank account.

1.Pre EMI - Interest is charged to the user from the date of loan booking till the date of first EMI start date, This is deducted from the loan amount at the time of loan booking.

2.Processing Fee - A fee of 2% of the loan amount (excl. GST) is charged to the user as processing fee at the time of loan booking. This is deducted before disbursal.

Regulated Entity Details

CapFloat Financial Services Pvt Ltd (axio) is a Non Banking Financial Corporation (NBFC) and is a regulated entity under Reserve Bank of India (RBI) operating in accordance with the legal framework and regulations as prescribed. Personal loan offered is fully funded (100%) by axio or it can be co-funded by both axio and Vivriti Capital Private Limited in 20:80 split respectively. If so, the user’s bureau report will reflect the approved personal loan facility under CapFloat Financial Services Pvt Ltd (axio) and Vivriti Capital Private Limited in 20:80 split in the same ratio respectively. This is at axio’s discretion.

Details about the Digital Loan Application

For personal loan axio Digital acts as a Digital Loan Application, in partnership with CapFloat Financial Services Pvt Ltd (axio) which is a NBFC registered with Reserve Bank of India.

What is pre-EMI?

The loan start date is on the 5th of the following month from the date of disbursal. The pro-rata interest from the date of disbursal till the 5th of the next month is calculated as pre-EMI.

What is the processing fee charged?

The Processing Fee (PF) includes the charges involved in facilitating the application process end-to-end. A standard PF of 2% plus GST of the loan amount plus is levied

Will I need to sign a loan agreement?

Yes, you may be asked to sign the loan agreement.

What verifications is this offer subject to?

When our field executive meets you for KYC pick-up, please ensure you have the following original documents:

• PAN card
• Proof of Address.

How do I get a copy of the loan agreement?

A copy of the loan agreement can be downloaded before agreement acceptance via OTP. You will receive a copy of the same via SMS at the time of disbursement of the loan.

Will I need to sign any physical agreement?

No signature on the physical agreement is needed. Acceptance of the agreement will be validated via clickwrap acceptance of T&C.

Will I be charged a fee for setting up auto repayment?

No additional fee is charged for setting up auto repayment. It is free of cost.

Why do I need to set up auto repayment?

Automatic payments are necessary to help you avoid late payments on your installments. Our protocols ensure that we never see your password as it is encrypted. We do not store your login and password credentials and will not have access to your account.

What is KYC and why is it required?

KYC stands for "Know Your Customer". It is a process by which financial institutions obtain information about the identity and address of the customers. This process helps to ensure that the services offered are not misused. Financial institutions are required to complete the KYC procedure while processing loan applications and also periodically update the same.

Why do I have to give you my bank statements?

The data from your bank statements are referred to while underwriting your application. Post the assessment, the best loan offer is presented to you at the next stage of the application process.

What are the documents required for getting a personal loan?

• PAN card (original)
• Aadhar details
• Proof of current address

How much time does it take to transfer the money into your account?

If you've successfully completed the application, you will receive the amount within 10 mins. However this is dependent on internal eligibility criteria. axio will conduct field investigations for certain users, prior to the disbursal of the loan in order to verify the address entered by the user. For such users, loans will be disbursed only if the field investigation report is positive.

Are there any pre-closure charges?

No, you can pre-close the loan any time you want. There are no charges apart from the outstanding principal amount.

What is the loan amount you offer?

The loan amount offered ranges between Rs.30,000 and Rs. 4 lakhs

Who can apply for personal loans?

To apply for personal loans, the following conditions need to be met

• Must be an existing customer at axio can apply for a personal loan.

• Age must be at least 23 and not more than 58

• Must be a citizen of India

Data Storage Guidelines and Privacy Policy

axio Privacy Policy: https://axio.co.in/privacy-policy/

Customer Care Details

axio Customer Service

In case of any queries please write to “ask@axio.co.in” or reach out at 080 6807 5001

Nodal Grievance Redressal Officer

axio digital nodal Grievance Redressal Officer - https://axio.co.in/wp-content/uploads/2022/12/Axio-GRO-Details.pdf

https://axio.co.in/wp-content/uploads/2022/11/Grievance-Redressal-Policy-Website-V.1.8.pdf

Sachet Portal

Sachet portal is the State Level Coordination Committee (‘SLCC’) initiative that allows customers to lodge complaints. The SLCC is the joint forum formed in all States to facilitate information sharing among the Regulators viz. RBI, SEBI, IRDA, NHB, PFRDA, Registrar of Companies (RoCs) etc. and Enforcement Agencies of the States viz Home Department, Finance Department, Law Department, Economic Offences Wing (EOW) etc., with the objective to control the incidents of unauthorized acceptance of deposits by unscrupulous entities.

What is TripMoney Travel Credit Line?

TripMoney Travel Credit Line is the hassle-free way to get an instant credit facility, via a completely digital process, for purchases using EMI on the MakeMyTrip app and GoIbibo App. The user has to complete the one-time registration process and can then avail of the TripMoney Travel Credit Line payment option during checkout on the MakeMyTrip app and GoIbibo App as instant loans, over EMIs ranging from 3 to 12 months. The user can easily track the purchases, repayments, and history from a simplified dashboard for this payment mode within the MakeMyTrip and GoIbibo app .

For the user to be eligible they need to have a makemytrip.com account with a verified mobile number, a valid permanent account number (PAN) card (used to fetch credit bureau records from relevant entities) and do the KYC process (which is done either through user’s details available on CERSAI portal or through OTP based Aadhaar e-KYC via UIDAI). The user must be 18 years of age or above and a resident of India. Further eligibility is decided based on information already available with MakeMyTrip and GoIbibo, credit bureau history, income estimation model and KYC details. Based on these and a host of other factors, axio, the lending partner will decide the approved TripMoney Travel Credit Line credit facility for the user.

For all transactions done in a month using TripMoney Travel Credit Line, the bill is generated at the month's end and is due on the 5th of the next month. E.g. for all purchases done between 1-30 June, the bill will be due on 5th July. Users can set up auto repayment using e-mandate by validating through Netbanking or Debit card or via UPI autopay for certain eligible users. This can be used for auto pay on the due date for a hassle-free repayment experience. The users can additionally go to the TripMoney Travel Credit Line dashboard from within the MakeMyTrip app and manually pre-pay the dues or foreclose the loan via UPI payment option.

In case of missed on-time repayments, a late fee (details present in KFS and sanction letter) is levied by axio and the credit facility may be permanently blocked

Regulated Entity Details

TripMoney Travel Credit Line is offered in partnership with axio (CapFloat Financial Services Pvt Ltd). CapFloat Financial Services Pvt Ltd (axio) is a Non-Banking Financial Corporation (NBFC) and is a regulated entity under the Reserve Bank of India (RBI) operating in accordance with the legal framework and regulations as prescribed.

The credit facility offered can either be fully funded (100%) by axio or it can be co-funded by both axio and KVB (Karur Vysya Bank Ltd.) in a 20:80 split respectively. If so, the user’s bureau report will reflect the approved TripMoney Travel Credit Line credit facility under CapFloat Financial Services Pvt Ltd (axio) and Karur Vysya Bank Ltd in a 20:80 split in the same ratio respectively. This is at axio’s discretion.

Data Storage Guidelines and Privacy Policy

axio Privacy Policy: https://axio.co.in/privacy-policy/

MMT’s Privacy Policy: MMT Privacy Policy

GoIbibo’s Privacy Policy :GoIbibo Privacy Policy

Customer Care Details

axio Customer Service In case of any queries please write to “ask@axio.co.in” or reach out at 080-68-75001

MMT customer service Please visit the My Trips section on App or Website https://www.makemytrip.com/.

GoIbibo customer service Please visit the My Trips section on App or Website https://www.goibibo.com/

Nodal Grievance Redressal Officer

axio Nodal Grievance Redressal Officer -https://axio.co.in/wp-content/uploads/2022/12/Axio-GRO-Details.pdf
https://axio.co.in/wp-content/uploads/2022/11/Grievance-Redressal-Policy-Website-V.1.8.pdf

MMT/GI Nodal Grievance Redressal Officer

Name: Vinod Asrani

Designation: VP- Loss Prevention|Risk Management| Operations & Transformation

Address: Tower B, DLF Building No. 5, DLF Cyber City, DLF Phase 2, Sector 24, Gurugram, Haryana 122002

Telephone/Mobile: 1-800-102 8747

Email ID: riskcontrol@makemytrip.com

Sachet Portal

Sachet portal is the State Level Coordination Committee (‘SLCC’) initiative that allows customers to lodge compliant. The SLCC is the joint forum formed in all States to facilitate information sharing among the Regulators viz. RBI, SEBI, IRDA, NHB, PFRDA, Registrar of Companies (RoCs) etc. and Enforcement Agencies of the States viz Home Department, Finance Department, Law Department, Economic Offences Wing (EOW) etc., with the objective to control the incidents of unauthorized acceptance of deposits by unscrupulous entities.

Details about the Lending Service Provider and Digital Loan Application

For the credit facility, Tripmoney Fintech Solutions Private Limited acts as the Lending Service Provider and services the users through makemytrip.com the application which acts as a Digital Loan Application, in partnership with CapFloat Financial Services Pvt Ltd (axio) which is an NBC registered with Reserve Bank of India.