Disclaimer

Important Legal Information

Please read this disclaimer carefully before using Krab.ai's services.

General Disclaimer

The information provided by Krab.ai Technologies Pvt. Ltd. and Krab Inc. ("Krab.ai") on our website, mobile applications, and through our services is for general informational purposes only. All information is provided in good faith; however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information.

Not a Financial Institution

IMPORTANT NOTICE:

Krab.ai is NOT a bank, NBFC, or financial institution. We are a technology platform that uses artificial intelligence and machine learning to connect truckers with RBI-licensed financial institutions. All lending decisions, loan disbursements, and collections are handled by our partner NBFCs and banks.

No Financial Advice

Nothing on our platform constitutes professional financial, investment, legal, or tax advice. The information provided through our AI/ML algorithms and services is for informational purposes only and should not be relied upon as a substitute for professional advice. Always consult with qualified professionals before making financial decisions.

AI/ML Technology Disclaimer

Our services utilize artificial intelligence and machine learning technologies that:

  • May not always provide accurate predictions or recommendations
  • Are based on historical data and patterns that may not predict future outcomes
  • Should not be the sole basis for making business or financial decisions
  • Are continuously evolving and may change without notice

Loan Approval Disclaimer

While we advertise "60-minute approval," please note:

  • This refers to our AI's initial assessment only
  • Final loan approval is subject to verification by partner financial institutions
  • Actual disbursement time may vary based on various factors
  • Not all applications will be approved
  • Terms and conditions are determined by the lending partner, not Krab.ai

No Guarantee of Results

We do not guarantee any specific results from using our services, including but not limited to:

  • Loan approval or specific loan amounts
  • Interest rates or loan terms
  • Business growth or profitability
  • Fuel savings or route optimization benefits
  • Income increase or cost reduction

Third-Party Services

Our platform integrates with various third-party services including banks, NBFCs, payment gateways, and other service providers. We are not responsible for:

  • The actions or omissions of these third parties
  • The accuracy of information provided by third parties
  • Any losses resulting from third-party services
  • Third-party terms, conditions, and policies

Limitation of Liability

Under no circumstances shall Krab.ai, its directors, employees, partners, agents, suppliers, or affiliates be liable for any indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from:

  • Your use or inability to use our services
  • Any unauthorized access to or use of our servers and/or any personal information stored therein
  • Any interruption or cessation of transmission to or from our services
  • Any bugs, viruses, or similar issues transmitted through our services
  • Any errors or omissions in any content or for any loss or damage incurred

Indemnification

You agree to defend, indemnify, and hold harmless Krab.ai and its affiliates from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees arising out of or relating to your violation of these terms or your use of our services.

Regulatory Compliance

While we strive to ensure our platform complies with applicable laws and regulations, users are responsible for ensuring their use of our services complies with all applicable local, state, national, and international laws and regulations.

Changes to This Disclaimer

We reserve the right to modify this disclaimer at any time. Changes will be effective immediately upon posting to our website. Your continued use of our services constitutes acceptance of any modifications.

Contact Information

If you have any questions about this disclaimer, please contact us at:

Email: legal@krab.ai

Phone: +91 1800-123-KRAB

Address: HSR Layout, Bengaluru, Karnataka 560102

Last Updated: January 1, 2025
Effective Date: January 1, 2025