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Borrowing with BharatPe Money: Understanding Your Responsibilities

Continuing our exploration of BharatPe Money's lending services, this article dives into the user covenants outlined in their terms and conditions. These covenants essentially define your responsibilities as a borrower through their platform.

Representing Yourself Accurately:

• No Politically Exposed Persons (PEP): You confirm you're not a PEP, a person holding a prominent public function or with close family ties to one.
• Truthful KYC Details: The information you provide during Know Your Customer (KYC) verification, such as address proof and identity documents, must be accurate and up-to-date. You're also responsible for informing BharatPe Money and the lender of any changes to this information.

Understanding Your Obligations:

• Separate Agreements: The loan agreement with the lender is a separate contract from the BharatPe Money terms and conditions. Stopping use of the BharatPe app doesn't absolve you of your loan repayment obligations.

Maintaining Responsible Borrowing:

• Legal and Ethical Conduct: You agree not to engage in any illegal or unethical activities related to the loan. This includes following all applicable laws and regulations, as well as adhering to the terms set forth by BharatPe and their partner lenders.
• Respecting User Privacy: You won't solicit others to engage in unlawful acts or share personal information belonging to someone else.
• Account Security: You're responsible for using your account securely and not accessing another person's account for yourself or anyone else.

The Takeaway: Building Trust

These user covenants emphasize the importance of transparency, responsible borrowing practices, and upholding the law. By fulfilling these obligations, you build trust with BharatPe Money, their partner lenders, and contribute to a healthy financial ecosystem.