Terms of Service

1. Acceptance of Terms

By downloading, installing, or using the DebtFree application ("App"), you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use the App. DebtFree is developed and operated by DebtFree Technologies ("we", "us", or "our"), based in Chennai, India.

2. Description of Service

DebtFree is a personal finance management application that helps users:

• Track loans, EMIs, and outstanding balances across multiple lenders
• Automatically import loan data via PAN-based Account Aggregator (AA) consent
• Plan debt repayment using Snowball and Avalanche strategies
• Calculate interest savings from prepayments
• Receive an AI-generated Debt Health Report and chat-based advice
• Get push notification reminders for upcoming EMI due dates

3. Not Financial Advice

IMPORTANT: The information, calculations, AI responses, and suggestions provided by DebtFree — including the AI Debt Advisor and AI Debt Health Report — are for informational purposes only and do not constitute financial, investment, legal, or tax advice. We are not responsible for any financial losses arising from decisions made based on information provided by the App. Always verify important figures independently and consult a licensed professional for major decisions.

4. PAN-Based Account Aggregator (AA) Import

DebtFree's PAN Auto-Import feature operates under the RBI-regulated Account Aggregator framework. By using this feature, you explicitly consent to:

• Share your financial information held by participating Financial Information Providers (banks, NBFCs, credit bureaus) with DebtFree via a licensed Account Aggregator
• A one-time or recurring data-fetch consent, which you can view, pause, or revoke at any time from within the App or directly via your AA app
• DebtFree using the fetched data (loan balances, EMIs, interest rates, tenures) solely to populate your loan dashboard and power the AI Advisor

We do not retain raw bureau reports beyond what is necessary to display your loan summary, and consent can be withdrawn at any time without affecting your ability to use manual loan entry.

5. User Accounts

You must provide accurate information when creating an account (phone number or email). You are responsible for maintaining the confidentiality of your account credentials and OTP codes. You agree to notify us immediately of any unauthorised use of your account. We reserve the right to suspend or terminate accounts that violate these Terms or applicable law.

6. Plans, Pricing, and Billing

DebtFree offers three plans:

• Free — ₹0, unlimited loan tracking, Manual credit entry, and 10 AI advisor messages per month.
• Pro — ₹149/month (or ₹1,199/year), including 100 AI advisor messages per month, the AI Debt Health Report, and priority reminders.
• Lifetime — ₹1,999 one-time payment, including 300 AI advisor messages per month using an advanced AI model, with no recurring charges.

All payments are processed securely through Razorpay. Subscriptions (Pro plan) auto-renew at the end of each billing cycle unless cancelled beforehand. You may cancel anytime from the Profile screen; access continues until the end of the current billing period. Refunds are available within 7 days of purchase for first-time subscribers, subject to review.

7. AI Advisor Usage Limits

The AI Debt Advisor uses Claude AI (by Anthropic) to provide personalised debt advice based on a summary of your loan data. Each plan includes a monthly message allowance (10 / 100 / 300 depending on plan). Limits reset on the first day of each calendar month and do not roll over. AI responses may occasionally be inaccurate, incomplete, or based on outdated rate assumptions — always verify figures against your actual loan statements.

8. Prohibited Uses

You agree not to:

• Use the App for any unlawful purpose or in violation of any applicable Indian law or RBI regulation
• Attempt to gain unauthorised access to our systems, other users' accounts, or AA consent flows
• Reverse engineer, decompile, or modify the App
• Share your account credentials with others
• Use the App's outputs to provide regulated financial advice to third parties for commercial gain

9. Limitation of Liability

To the maximum extent permitted by applicable law, DebtFree Technologies shall not be liable for any indirect, incidental, special, consequential, or punitive damages — including loss of profits, data, or goodwill — arising from your use of the App, reliance on AI-generated advice, or inaccuracies in PAN-imported loan data sourced from third-party Financial Information Providers.

10. Changes to Terms

We may modify these Terms at any time. Significant changes will be communicated via in-app notification or email at least 7 days before taking effect. Continued use of the App after changes take effect constitutes acceptance of the revised Terms.

11. Governing Law & Contact

These Terms are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts of Chennai, Tamil Nadu, India.

For questions about these Terms, contact us at support@debtfreeapp.in · debtfreeapp.in