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Terms and Conditions

Amazon Pay Later – Terms & Conditions

Welcome to the terms and conditions for Amazon Pay Later (“Terms”). These Terms are applicable between you and Amazon Pay (India) Private Limited (“Amazon”) for the transactions for purchase of goods or services you make through select online medium, or marketplaces (“Digital Property”) using the “Amazon Pay Later” payment method (“Amazon Pay Later”). It is clarified that these Terms are applicable only if Amazon Pay Later is available for payment on the Digital Property. These Terms are applicable in addition to any terms and conditions that may be applicable to your use of the Digital Property where Amazon Pay Later is available as a payment option.
The following terms & conditions apply to any and all transactions made on Digital Property using the Amazon Pay Later payment option: –

  • Amazon Pay Later is a payment option available to certain select customers to make payments on the Digital Property. Amazon Pay Later option may only be available for purchase of select good or services on the Digital Property.
  • If a customer chooses to paying using Amazon Pay Later, the customer will transact with CapFloat Financial Services Private Limited (“axio”) and the co-lender, if any, engaged by axio from time to time (“co-lender”). Under Amazon Pay Later, axio will provide a credit facility to the customers to make purchases on the Digital Property and make repayments against the same on a deferred basis in instalments (“Facility“). Prior to providing the Facility, axio and its co-lender may (in its discretion) conduct credit approval checks for the customer.
  • Provision of the Facility is at the discretion of axio, and axio reserves the right to reject (exercisable in its discretion) the Facility to a customer, with or without any notice or reason and without any liability.
  • Amazon has no role to play pertaining to the offering of the Facility or the terms on which the Facility is provided by axio and its co-lender, including but not limited to its issuance, approval, extension, collection, pre-closure or closure of the Facility and such matters are solely determined by axio.
  • As a pre-requisite to avail the Facility, a customer must have a valid Amazon.in account, a PAN (permanent account number) card, and an officially valid document as address proof. The customer must also have a bank account with one of the specified banks in India. axio may specify the banks for this purpose from time to time, which will be listed on axio’s website.
  • In order to avail the Facility, the customer must enter into a loan agreement with axio and its co-lender (“Loan Agreement“) as an essential pre-condition, in the form notified by axio. You may also be required to make a pre-payment to axio towards the Facility extended by axio.
  • Amazon Pay Later can only be used for purchases on the Digital Property if the customer has sufficient balance / limit available under the Facility granted by axio.
  • The amount of the Facility may be modified and the Facility may be cancelled by axio in its sole discretion, and without assigning any reason and without any liability. Amazon has no role in this regard.
  • Repayment of the Facility is governed by the terms notified by axio from time to time. Amazon and axio may make various modes and mediums available for repayment of the Facility, which may be made using the Amazon.in mobile application and/or other mechanism, as made available
  • Availing the Facility is governed by the terms and conditions prescribed by axio mentioned below and any other terms that axio may notify from time to time.
  • By using Amazon Pay Later, by availing the Facility provided by axio along with its co-lender, each customer hereby fully and unconditionally releases and completely discharges Amazon and its affiliates against any claims (howsoever arising) in respect of availing of the Facility, and all such claims (if any) will lie only against axio.
  • If a customer consents for axio and its co-lender to collect any data / information from Amazon, such customer consents for and permits Amazon to share with axio, the data / information (so requested by axio) of such customer in possession of Amazon, which was collected from the said customer by Amazon in respect of the customer’s KYC for other products offered by Amazon.
  • The customers also agree and acknowledge that Amazon and its affiliates will not be liable or responsible for any claim on account of availability or non-availability of Amazon Pay Later facility on Amazon.in.
    Amazon reserves the right to cease to make Amazon Pay Later available as a payment option, at any time without prior notice and without any liability.
  • By using Amazon Pay Later by availing the Facility, the customer acknowledges that Amazon and axio and its co-lender, if any, may use the customer’s data in connection with the Facility, including without limitation for processing and activation of the Facility. In this regard, the customer agrees and consent for Amazon to share the information or data pertaining to the customer with axio.
  • The customers agree that Amazon and its affiliates will not be liable for any losses or damages suffered by the customers on account of use of Amazon Pay Later or the Facility, including as a result of any fraud in connection with such use.
  • If an order for which payment has been made using the Amazon Pay Later facility is cancelled, any refund to the customers or cancellation of the Facility will be undertaken by axio. The customers hereby agree and acknowledge that Amazon has no role in this regard and that Amazon will not be liable or responsible for any claim on this account.
  • Amazon will not be held liable for any dispute arising out of or in connection with use of the Amazon Pay Later payment option or the Facility.
  • You authorize Amazon and/or axio and co-lender, if any, to communicate with you, through emails or SMS or notifications on websites / mobile applications or any other mode, in connection with use of the Amazon Pay Later or the Facility. You acknowledge that axio and co-lender, if any, may communicate with you through IVR or telephonically.
    Please contact axio for any queries in relation to the Facility or Amazon for any queries in relation to availability of Amazon Pay Later.

 

axio Facility: Terms and Conditions

  1. I confirm that I have carefully read and fully understood all the terms and conditions that are listed online at https://axio.co.in/terms-conditions/ and those applicable to availing financing facility from CapFloat Financial Services Private Limited (“axio” or “Lender”) and its co-lender and privacy requirements that are listed online at & https://axio.co.in/privacy-policy/. I accept the terms & conditions unconditionally and agree that these terms and conditions may be amended or modified by axio (CapFloat Financial Services Private Limited) at any time and I will be bound by the amended terms & conditions that are in force.
  2. I confirm that I am a resident of India and at least 18 (Eighteen) years of age.
  3. I can read, write and understand English language and is of sound mind. Further to this I have no objections in receiving communications with respect to this facility in English language.
  4. I have an annual household income greater than INR 3 lacs.
  5. I understand that sanction of the facility is at the sole discretion of axio (CapFloat Financial Services Private Limited) and it reserves the right to reject my application for the facility without assigning any reasons whatsoever.
  6. I understand that the facility sanctioned to me is funded both by axio and its co-lender in a specific proportion.
  7. I shall indemnify axio (its agents, employees, officers and directors) against all or any losses suffered by axio (its agents, employees, officers and directors) on account of breach of undertakings, representations and warranties by me including any legal action / proceedings initiated by me or any third party in connection with this Agreement and unauthorized access to or storage of my information or Personal Data by axio (its agents, employees, officers and directors) which are solely attributable to any breach, negligence or fraud by me.
  8. I declare that all the particulars and information and details given / filled in the application form provided by axio and its co-lender, if any, and information provided by me to axio and its co-lender, if any, are true, correct and accurate and I have not withheld / suppressed any material and relevant information from axio and its co-lender, if any.
  9. By accepting these terms and conditions and availing the facility, I understand that my successors, heirs and assigns will also be bound by the terms of this facility.
  10. I hereby agree to provide axio and its co-lender with all information and documents as may be required by axio and its co-lender in order to complete the Know Your Customer (KYC) requirements as required under applicable law. I acknowledge that axio and its co-lender may conduct KYC in any manner permitted under applicable law, including without limitation, (i) collection and verification of physical copies of the documents; (ii) eKYC in accordance with paragraph below; or (iii) obtaining KYC information and documents from a third party in accordance with applicable law. Further, axio and its co-lender may also avail the services of a third party for the purpose of conducting KYC.
  11. I also authorize NSDL e-Governance Infrastructure Limited (NSDL e-Gov) to and in respect of the following activities, on behalf of axio and its co-lender, if any :
    1. Use my Aadhaar details for KYC proof, enabling me to eSign the loan agreement and/or eSign the Mandate and authenticate my identity through the Aadhaar Authentication system (Aadhaar based e-KYC services of UIDAI) in accordance with the provisions of the Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016 and the allied rules and regulations notified thereunder and for no other purpose;
    2. Authenticate my Aadhaar through one-time password (“OTP”) or Biometric for authenticating my identity through the Aadhaar Authentication system for obtaining my e-KYC through Aadhaar based e-KYC services of UIDAI and use my Photo and Demographic details (Name, Gender, Date of Birth and Address) for KYC proof, in connection with the loan agreement and the Mandate and for no other use / purpose;
    3. I agree that axio and its co-lender, if any, may avail services from any third party to conduct Aadhaar based KYC authentication i.e. authentication services provided by UIDAI, where my personal identity information /data that is obtained from me and matched with the personal identity information/data that is stored in the UIDAI’s central identity data repository in order to provide Aadhaar enabled services to me;
  12. I agree that axio and its co-lender may receive and update credit reports, basis their respective share in the sanctioned facility, from any/all credit bureaus or any other agency/ regulatory authority as required and as permitted under applicable law
    axio makes no representations about:

    1. the timeliness, of the services contained on the axio its website and/or mobile application for any purpose; and
    2. the suitability, reliability, availability, of the services contained on the axio website and/or mobile application for any purpose.
  13. axio shall (and shall procure that its agents, employees, directors and officers shall) comply with all Data Protection Legislations and such compliance shall include, but not be limited to, maintaining a valid and up to date registration or notification (where applicable) under the Data Protection Legislation. For the purpose of this Agreement, “Data Protection Legislation” means the legislation and regulations relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual including (without limitation):
    1. the Information Technology Act, 2000 (as amended from time to time), including the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (“Privacy Rules”) and any other applicable rules framed there under;
    2. all other applicable banking industry guidelines (whether statutory or non-statutory) or statutorily-backed codes of conduct relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual issued by any regulator and applicable to us to any of the Parties; and
    3. any other Applicable Law solely relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual.
  14. By availing the loan from axio and its co-lender, if any, under these terms and conditions, I acknowledge that axio and its co-lender, if any, may use my data or information in connection with the loan, including without limitation for the processing of the loan application. In this regard, the customer agrees and consent for axio and its co-lender, if any, to share the information or data pertaining to the customer with any third party which is involved in the processing of the application, or use of the loan facility etc.
  15. I hereby declare that no other account has been opened nor will be opened using the OTP based KYC in non-face-to-face mode.
  16. I understand and acknowledge that axio and its co-lender reserves the right to modify the sanctioned facility amount as per its internal policy at its discretion without assigning any reasons.
  17. axio reserves the right to cancel / suspend the services of the facility if in axio’s opinion the security of the website and/or mobile application or of the data could be compromised for any specific customer, without assigning any reasons.

I further authorize axio and all its group companies to keep me informed (vide telephone, SMS, mail, e-mail etc.) in relation to the facility and also for any such promotional schemes and/or activities as they may require.

Terms & Conditions while signup

  1. These Additional Terms shall be applicable for making an application for the facility (“Loan Facility”) made available by CapFloat Financial Services Private Limited (“Axio” or “Lender”).
  2. I confirm that I have carefully read and fully understood all the terms and conditions that are listed online at https://capitalfloat.com/terms-conditions/ and those applicable to availing financing / loan from Axio and privacy requirements that are listed online at & https://capitalfloat.com/privacy-policy/ (“Standard Terms”). In addition to the Standard Terms, I accept that following terms and conditions shall be applicable for making an application for the Loan Facility (“Additional Terms”). I accept and agree that these Additional Terms may be amended or modified by Axio at any time and I will be bound by the amended terms & conditions that are in force.
  3. I understand that approval of the Loan Facility is at the sole discretion of Axio. Axio may accept or deny my application made in accordance with these terms based on its internal underwriting criteria.
  4. I understand that the minimum age criteria to avail personal loan facility is 23 years and maximum age criteria is 58 years.
  5. I confirm that my household income is greater than INR 3 lakhs.
  6. I will be using the funds from personal loan only for legal purposes (personal needs i.e. paying school fees, renovating from home, taking a vacation etc).
  7. I hereby agree that grant of Loan Facility shall be subject to acceptance of Loan Agreement.
  8. I shall indemnify Axio (its agents, employees, officers and directors) against all or any losses suffered by Axio (its agents, employees, officers and directors) on account of breach of undertakings, representations and warranties by me including any legal action / proceedings initiated by me or any third party in connection with this Agreement and unauthorized access to or storage of my information or Personal Data by Axio (its agents, employees, officers and directors) which are solely attributable to any breach, negligence or fraud by me.
  9. I hereby agree to provide all information as may be required by Axio in order to process my application for the Loan Facility, including all Know Your Customer (KYC) documents and information as may be specified or required under applicable law for grant of loan by Axio. Such information or documents may be collected by Axio either itself or through any third party appointed by Axio to collect such information or documents on Axio’s behalf. I declare that all the particulars and information and details given / filled in the application form provided by Axio and information provided by me to Axio are true, correct and accurate and I have not withheld / suppressed any material and relevant information from Axio.
  10. I agree that Axio may receive and update credit reports from any/all credit bureaus or any other agency/ regulatory authority as required and as permitted under applicable law
  11. Axio makes no representations about:
  12. the timeliness, of the services contained on the Axio its website and/or mobile application for any purpose; and
  13. the suitability, reliability, availability, of the services contained on the Axio website and/or mobile application for any purpose.
  14. Axio shall (and shall procure that the its agents, employees, directors and officers shall) comply with all Data Protection Legislations and such compliance shall include, but not be limited to, maintaining a valid and up to date registration or notification (where applicable) under the Data Protection Legislation. For the purpose of this Agreement, “Data Protection Legislation” means the legislation and regulations relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual including (without limitation):
  15. the Information Technology Act, 2000 (as amended from time to time), including the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (“Privacy Rules”) and any other applicable rules framed thereunder;
  16. all other applicable banking industry guidelines (whether statutory or non-statutory) or statutorily-backed codes of conduct relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual issued by any regulator and applicable to us to any of the Parties; and
  17. any other Applicable Law solely relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual.
  18. By making an application under these Additional Terms, you acknowledge that Axio may use my data or information in connection with the loan, including without limitation for the processing of the loan application. In this regard, the customer agrees and consent for Axio to share the information or data pertaining to me with any third party which is involved in the processing of the application, or use of the Loan Facility etc.
  19. Axio reserves the right to cancel / suspend the services if in Axio’s opinion security of the website and/or mobile application or of the data could be compromised for any specific customer, without assigning any reasons.
  20. I/We further authorize Axio and all its group companies to keep me/us informed (vide telephone, SMS, mail, E-mail, Whatsapp etc.) of all such promotional schemes and/or activities as they may require.

KYC t&c:

Verify your identity using paperless KYC verification
A share file will be downloaded and verified automatically from UIDAI.
Aadhaar number
OTP will be sent to the mobile number/email registered with your Aadhaar
Enter security code
By clicking on ‘Agree & Continue’, you agree to OTP based OKYC verification Terms & Conditions.
Terms and Conditions
I confirm that I have carefully read and fully understood all the terms and conditions that are listed online at
https://axio.co.in/terms-condition and those applicable to availing financing / loan from CapFloat Financial Services Private Limited, formerly known as Zen Lefin Private Limited (“Axio” or “Lender”) and privacy requirements that are listed online at & https://axio.co.in/privacy-policy/. I accept the terms & conditions unconditionally and agree that these terms and conditions may be amended or modified by Axio at any time and I will be bound by the amended terms & conditions that are in force.
I understand that sanction of the loan(s) is at the sole discretion of Axio.
I shall indemnify Axio (its agents, employees, officers and directors) against all or any losses suffered by Axio (its agents, employees, officers and directors) on account of breach of undertakings, representations and warranties by me including any legal action / proceedings initiated by me or any third party in connection with this Agreement and unauthorized access to or storage of my information or Personal Data by Axio (its agents, employees, officers and directors) which are solely attributable to any breach, negligence or fraud by me.
I declare that all the particulars and information and details given / filled in the application form provided by Axio and information provided by me to Axio are true, correct and accurate and I have not withheld / suppressed any material and relevant information from Axio.
I hereby agree to provide Axio with all information and documents as may be required by Axio in order to complete the Know Your Customer (KYC) requirements as required under applicable law. I acknowledge that Axio may conduct KYC in any manner permitted under applicable law, including without limitation, (i) collection and verification of physical copies of the documents; (ii) Obtaining documents through Offline Aadhaar Validation as advised under the KYC guidelines of RBI (iii) Obtaining documents through Central KYC repository with my explicit consent (iv) eKYC in accordance with paragraph 6 below; or (v) obtaining KYC information and documents from a third party in accordance with applicable law. Further, Axio may also avail the services of a third party for the purpose of conducting KYC.
I also authorize NSDL e-Governance Infrastructure Limited (NSDL e-Gov) to and in respect of the following activities, on behalf of Axio:
Use my Aadhaar details for KYC proof, enabling me to eSign the loan agreement and/or eSign the Mandate and authenticate my identity through the Aadhaar Authentication system (Aadhaar based e-KYC services of UIDAI) in accordance with the provisions of the Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016 and the allied rules and regulations notified thereunder and for no other purpose;
Authenticate my Aadhaar through one-time password (“OTP”) or Biometric for authenticating my identity through the Aadhaar Authentication system for obtaining my e-KYC through Aadhaar based e-KYC services of UIDAI and use my Photo and Demographic details (Name, Gender, Date of Birth and Address) for KYC proof, in connection with the loan agreement and the Mandate and for no other use / purpose;
I agree that Axio may avail services from any third party to conduct Aadhaar based KYC authentication i.e. authentication services provided by UIDAI, where my personal identity information /data that is obtained from me and matched with the personal identity information/data that is stored in the UIDAI’s central identity data repository in order to provide Aadhaar enabled services to me;
I agree that Axio may receive and update credit reports from any/all credit bureaus or any other agency/ regulatory authority as required and as permitted under applicable law
Axio makes no representations about:
the timeliness, of the services contained on the Axio its website and/or mobile application for any purpose; and
the suitability, reliability, availability, of the services contained on the Axio website and/or mobile application for any purpose.
Axio shall (and shall procure that its agents, employees, directors and officers shall) comply with all Data Protection Legislations and such compliance shall include, but not be limited to, maintaining a valid and up to date registration or notification (where applicable) under the Data Protection Legislation. For the purpose of this Agreement, “Data Protection Legislation” means the legislation and regulations relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual including (without limitation):
the Information Technology Act, 2000 (as amended from time to time), including the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (“Privacy Rules”) and any other applicable rules framed thereunder;
all other applicable banking industry guidelines (whether statutory or non-statutory) or statutorily-backed codes of conduct relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual issued by any regulator and applicable to us to any of the Parties; and
any other Applicable Law solely relating to the protection of Personal Data and processing, storage, usage, collection and/or application of Personal Data or privacy of an individual.
By availing the loan from Axio under these terms and conditions, you acknowledge that Axio may use your data or information in connection with the loan, including without limitation for the processing of the loan application. In this regard, the customer agrees and consent for Axio to share the information or data pertaining to the customer with any third party which is involved in the processing of the application, or use of the loan facility etc.
I hereby declare that no other account has been opened nor will be opened using the OTP based KYC in non face-to-face mode.
Axio reserves the right to cancel / suspend the services of the loan if in Axio’s opinion the security of the website and/or mobile application or of the data could be compromised for any specific customer, without assigning any reasons.
I/We further authorize Axio and all its group companies to keep me/us informed (vide telephone, SMS, mail, e-mail, Whatsapp etc.) of all such promotional schemes and/or activities as they may require.

The customers (users) of CapFloat Financial Services Private Limited (CFSPL) – known by the brand name “axio”, using this site by implication, means that user have gone through and agreed and abide by following, disclaimer, Terms & Conditions.

No Warranty

It is imperative to note that axio has taken required efforts to ensure that the information/ statement/ certificate provided on the axio’s Web Site / App is reasonably accurate, however, axio does not warrant its accuracy, completeness or suitability, correctness, adequacy validity, whatsoever for any purpose. As such database provided is without any warranty, express or implied, as to their legal effect.

No Liability

  • Though, axio has taken proper care/precaution to make the database reliable, axio will not be held responsible for any liability that may arise out of any such error in the data base. Further, axio does not represent that axio’s Web Site / App is free of viruses or harmful components.
  • Use of any information/statement/certificate on axio’s Web site / App shall be at your own risk.
  • All information/statements/certificates should be used in accordance with applicable laws. And axio does not undertake any kind of liability whatsoever for the same.
  • In case of transaction/ statement /certificate is not in agreement with your record or with the information that you have, you are requested to write to axio. You are free to mail your queries on ask@axio.co.in
  • axio has provided information/data base on the Web Site on an “as is where is ” basis. axio expressly disclaims to the maximum limit permissible by law, all warranties, express or implied, including, but not limiting to implied warranties of merchantability, fitness for a particular purpose and non-infringement.
  • axio disclaims all responsibility for any loss, injury, liability or damage of any kind resulting from and arising out of, your use of the site.

Miscellaneous

  • It will be the sole responsibility of the User to ensure that the use of name and password are kept confidential and not disclosed to any third party, including any representative of the axio, or its agents and shall take all possible care to prevent discovery of the under name or password by any person.
  • axio makes no representations about the timeliness, of the services contained on the axio web site / app for any purpose.
  • axio makes no representations about the suitability, reliability, availability, of the services contained on the axio website and app for any purpose.
  • axio shall not be responsible if any information/ database/ statement/ certificate/ page is printed/ downloaded from axio’s site / app and after printing/ downloading complete/partial, text/information is altered/ removed/ obscured contained therein.
  • axio, at no event, be liable/ responsible for any direct, indirect, punitive, incidental, special, consequential damages or any damages whatsoever including, without limitation, damages for loss of use, data or profits, arising out of or in any way connected with the use of the axio’s websites / app.
  • axio, at no event, be liable/ responsible for any direct, indirect, punitive, incidental, special, consequential damages or any damages for the delay or inability to use the axio web site, or failure to provide services, or for any information, date, statement, certificate, software, and any other services obtained through the axio web sites, or otherwise arising out of the use of axio website / app.
  • Certain services, such as accounting information depends on continuous connection to the axio’s database. axio makes no assurance, representation, promise whatsoever that such connectivity will always be available.
  • axio reserves the right to suspend these services if in axios opinion security of the site / app or of the data could be compromised.
  • axio may also suspend services on the website / app for any customer at its sole discretion without assigning any reason whatsoever. In such event user shall contact axio offices for any clarification.
  • axio, has offered as privileged service to the User (without any charge). However, axio reserves the right to levy any service charges as applicable from time to time in consideration for the services provided herein to the user. In case user is not consenting to any service charges then, user may opt out of axio services.