TERMS OF SERVICE  

Multiply.com.sg  Terms of Service

Multiply.com.sg (“we”, “us”, “our”) is a product of IFS Capital Limited (“IFS”). We offer a service that allows you to submit an application for a business loan to IFS (“Service”). The Service is made available to you for free.

These terms of service (the “Terms of Service”) apply to your access and use of our Services and its associated websites, APIs, applications button, widgets, SMS and e-mail notifications as well as any information, text, graphics, photos or other materials uploaded, downloaded or appearing on the Services (collectively referred to as the “Content”). Your access to and use of the Content signifies your acceptance of these Terms of Service and agreement to be bound by them.

We may amend and vary these Terms of Service from time to time by amending this page. The amendments will be effective from the date they are posted on this page. You should check this page whenever you access or use our Content. Your continued access and use of our Content will constitute your acceptance of the amendments.

1.       Business Loan Applications
By submitting a business loan application through our Services, you acknowledge that we will be relying on the information provided therein for the purpose of processing your loan application. You also warrant and represent that: (a) all information and documents provided to us in connection with your loan application are true, complete and accurate; and (b) you have disclosed all information which you know or ought to reasonably know and have not withheld any material fact that could affect the assessment of your loan application.

In order for us to verify and assess your loan application, you authorise us to: (a) conduct due diligence and credit checks on your loan application as we deem necessary; (b) disclose any information relating to your loan application to our affiliates, suppliers, service providers or any government authority; and/or (c) make further enquiries with our affiliates, suppliers, service providers or any government authority.

You acknowledge that the submission of a loan application through our Services does not guarantee approval of such loan application by us. We have the sole and absolute discretion to approve or reject any loan application without having to provide any reasons. Any subsequent grant of loan facilities (if any) would be on such terms and conditions as we may determine in our sole and absolute discretion.

2.       Your Use of Our Content
You represent and warrant that you will not do any of the following while assessing or using our Content: (a) license, sublicense, sell, resell, transfer, assign or otherwise commercially exploit or make available to any third party the Content in any way; (b) modify or make derivative works based on the Content, or reverse engineer or access the underlying software for any reason; (c) access or search, or attempt to access or search, the Content by any means (automated or otherwise) other than through the currently available, published interface which is provided by us; (d) interfere with or disrupt the Content or the servers or networks providing the Content; or (e) perform any action with the intent of introducing to the Content any software viruses, worms, Trojan horses or other harmful computer code, files, scripts, agents or programs.

You shall ensure that that you use the Content in accordance with all applicable law.  You are responsible for making all arrangements necessary for you to have access to the Content. You are also responsible for ensuring that all persons who access the Content through your internet connection are aware of these Terms of Service, our Data Protection Policy as well as applicable law, and that they comply with them.

3.       Accuracy and Availability of Our Content
We do not guarantee that our Content is accurate, up-to-date, secure and free from, malware or software viruses. All information in our Content is for your general reference only. We do not accept any responsibility whatsoever in respect of such information. We also do not guarantee that the provision of the Content will be uninterrupted and that it will always be available. To the fullest extent permitted by law, we shall not be liable for any loss and/or damage incurred if the Content is unavailable at any time or for any period.

4.       Changes to Our Content
Our Content is subject to change and may be modified, deleted or replaced from time to time at our sole and absolute discretion. We may stop (permanently or temporarily) providing the Content, including the Services (or any features within the Content) to you or to users generally without prior notice. We also have the right to impose any limits on your use of the Content without prior notice.

5.       Intellectual Property
Intellectual property rights means rights such as copyright, trademarks, domain names, design rights, database rights, patents and all other intellectual property rights of any kind whether or not they are registered or unregistered (anywhere in the world). All intellectual property rights subsisting in respect of the Content belong to us or have been lawfully licensed to us for use in connection with the Content. All rights under applicable laws are hereby reserved.

You agree that we are free to use, disclose, adopt and modify all and any ideas, concepts, knowhow, proposals, suggestions, comments and other communications and information provided by you to us (the “Feedback”) in connection with your use of the Content without any payment to you. You hereby waive all and any rights and claims for any consideration, fees, royalties, charges and/or other payments in relation to our use, disclosure, adoption and/or modification of any or all of your Feedback.

6.       Data Protection
You agree and consent to us using and processing your personal data as set out in the Data Protection Policy, as amended from time to time. Our Data Protection Policy can be found at www.ifscapital.com.sg

7.       Suspension and Termination of Access
We reserve the right to cease providing you with all or part of the Content for any reason, including: (a) where we deem, in our sole discretion, that you have violated any provision of these Terms of Service; (b) you create risk or possible legal exposure for us; and/or (c) our provision of the Content to you is no longer commercially viable.

8.       No Warranty
We provide the Content on an “as is” and “as available” basis without warranties of any kind. To the fullest extent permitted by applicable law, we and/or our affiliates make no representation or warranty (express, implied or otherwise), including the implied warranty of merchantability, non-infringement or fitness for a particular purpose. We do not represent and warrant that: (a) the Content is accurate, adequate, current or reliable, or may be used for any purpose other than for general reference; (b) the Content is free of defect, error, omission, virus or anything which may change, erase, add to or damage your software, data or equipment; (c) any message sent via the internet in relation to, or in connection with, the Content will be free from interception, corruption, error, delay or loss; (d) access to the Content will be available or be uninterrupted; (e) the use of the Content will achieve any particular result; and (f) any defects in the Content will be corrected.  Notwithstanding the foregoing, we will use reasonable endeavours to correct any defects in the Content if: (i) it is likely to be used by us and/or IFS to make a decision that affects the individual to whom the personal data relates; (ii) it is likely to be disclosed by us and/or IFS to another organisation; or (iii) requested by the individual to whom the personal data relates.

9.       Indemnity and Liability
You agree to defend, indemnify and hold us harmless from and against all liabilities, damages, claims, actions, costs and expenses (including without limitation legal fees), arising out of or in connection with your breach of any of these Terms of Service and/or your use of the Content. We may, if necessary, participate in the defence of any claim or action and any negotiations for settlement. No settlement which may adversely affect our rights or obligations shall be made without our prior written approval. We reserve the right, at our own expense and on notice to you, to assume exclusive defence and control of any claim or action.

Nothing in these Terms of Service seeks to or shall limit or exclude liability for death or personal injury caused by negligence, for fraud or for any other type of liability that cannot be limited or excluded under applicable law. To the maximum extent permitted by applicable law, in no event will we and/or our affiliates be liable to you or any other person for any: (a) indirect, incidental, special, punitive or consequential loss or damage of any kind; (b) loss of actual or anticipated income (whether direct or indirect); (c) loss of actual or anticipated profits (whether direct or indirect); and/or (d) loss of contracts or business (whether direct or indirect), howsoever arising under or in connection with these Terms of Service, whether in contract, tort (including but not limited to negligence), any other causes of action, breach of statutory duty or otherwise.

To the fullest extent permitted by applicable law, our maximum aggregate liability to you arising under or in connection with these Terms of Use, whether in contract, tort (including but not limited to negligence), any other causes of action, breach of statutory or otherwise, shall not exceed an amount equal to: (i) S$500.00 or, if that limit is found unenforceable, (ii) S$1000.00 or, if that limit is found unenforceable, (iii) S$2000.00.

To the fullest extent permitted by law, a party’s liability to the other party under or in connection with these Terms of Service is reduced to the extent, if any, to which the other party’s acts or omissions cause or contribute to its own loss or damage. You shall take all reasonable steps to mitigate any loss incurred by or in connection with these Terms of Service.

10.   Third Party Links and Resources
There may be links in our Content which may take you to third party websites or services. You acknowledge and agree that we are not responsible for the accuracy or availability of any information provided such third party websites and services. The links to third party websites and services do not constitute an endorsement by us of such websites or services, including the Information, products, advertising or other materials contained therein. We are not and shall not be a party to any transaction between you and the third party website or service.

11.   Feedback
If you have any queries or your use of the Content is not satisfactory, you may reach out to us for assistance at info@multiply.com.sg. A lack of response shall not be deemed to constitute any acquiescence or waiver from us.

12.   General
The rights of each party under these Terms of Service may be exercised as often as necessary, are cumulative and not exclusive of rights or remedies provided by law and may be waived only in writing and specifically. Delay in the exercise or non-exercise of any right is not a waiver of that right. If any provision these Terms of Use is found to be invalid or unenforceable then such invalidity or unenforceability will not affect the other provisions of these Terms of Service, which will remain in full force and effect. If there are two or more persons adhering to these Terms of Service, their liability under the Terms of Service is joint and several, and their rights under the Terms of Service are joint.

The terms, conditions and warranties contained in these Terms of Service that by their reading and/or context are intended to survive the performance hereof shall so survive the completion of performance, cancellation, expiration or termination of these Terms of Service.

These Terms of Service constitutes the entire agreement between you and us with respect to the subject matter hereof and there are no provisions, understandings, communications, representations, warranties, undertakings, collateral agreements or agreements between you and us relating  to the Content other than as set out in these Terms of Service. Notwithstanding the foregoing, other agreements between you and us may govern the use of certain portions of the Service. This Agreement supersedes any prior or contemporaneous provisions, understandings, communications, representations, warranties, undertakings, collateral agreements and agreements between you and us, whether oral or written, with respect to the subject matter hereof, and you acknowledge that you have not relied on any of the foregoing in agreeing to enter into these Terms of Service.

These Terms of Service (and any and all disputes arising out of or in connection with these Terms of Use (including without limitation any alleged breach, or challenge to the validity or enforceability, of these Terms of Use or any provision hereof)) will be subject to the laws of Singapore. Any and all disputes arising out of or in connection with these Terms of Service will be finally settled by binding arbitration under the Arbitration Rules of the Singapore International Arbitration Centre (“Rules”) (which Rules are deemed to be incorporated by reference into this Agreement) by one arbitrator, appointed in accordance with the Rules. The arbitration will take place in Singapore and the language of the arbitration will be English.