Privacy Policy
THIS PRIVACY POLICY (“Policy”) has been drafted in accordance with the Information Technology Act, 2000 and the Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011.
Please read this Policy carefully before accessing or using the Service. This Policy contains important terms that affect your legal rights. It is understood that upon submission of the application form, you agree to be bound by the terms and conditions set forth below and automatically consent to the collection, use, storage, analysis and manipulation of your data information in accordance with this Policy to provide you with a great customer experience. If you do not wish to be bound by these terms and conditions, you may not access or use DC Loan Service.
Please note that this Policy may be amended from time to time to comply with Data Privacy requirements, coverage and technology security advancements and such modifications shall be effective immediately upon posting of the modified Agreement.
Your Consent
You hereby give your acknowledgement and consent to DC Loan to use your personal data for the aforesaid Purposes and Services.
You agree that your consent will remain in place until your withdrawal by officially notifying the app in writing.
1. The App and Clients
Company has developed and solely owns a mobile personal finance software application called “DC Loans” (“App”, which expression shall include future releases of the App). Company makes the App available for download and use on mobile phones to clients (“Clients”). Downloading and installing the App shall be deemed to constitute sufficient proof that Clients have read, understood and accepted this Policy.
2. Personal Information
2.1. “Personal Information” means the Transaction Information as defined in the Terms of Service and includes information that is contained in text messages (that is, SMS) sent by providers of services and/or products (including but not limited to financial institutions, mobile carriers and utility companies) to Clients’ mobile telephone number(s) in connection with one or more transactions across multiple financial accounts (including purchase, payments, billing information and service notifications related thereto). Without limitation, Transaction Information includes:
2.1.1 Mobile phone numbers of Clients
2.1.2 Email addresses of Clients
2.1.3 Partial payment card data only to the extent such card data is disclosed in the said messages
2.1.4 Information related to the transaction in question including identity of the service or product and the price or fee paid or payable in respect thereof.
3. Purpose of Collection and Use of Personal Information
Company may collect, store, access and use Personal Information solely to the extent required for Company to enable Clients to utilize the features of the App and to provide better user experience to Clients. Such use shall expressly include sharing the Personal Information with Affiliates and Lenders.
4. Sharing of Personal Information with Third Parties
Company shall not publish, sell, give on rent, trade or otherwise transfer Personal Information to third parties, except as may be required by law, or pursuant to the order of a court or regulatory authority, or in order for Company to enforce its rights, or as expressly stated by this Policy. In the event Company needs to share Personal Information with third parties, Company shall enter into non-disclosure agreements or equivalent covenants that are, at the least, as protective as the provisions of this Policy.
5. Choice
Company reasonably presumes that Clients who make available Personal Information to Company are doing so out of their own volition. Company does not compel Clients to disclose Personal Information. At any time, Clients may opt not to provide Personal Information by uninstalling the App.
6. Correctness and Integrity of Personal Information
Company accesses Personal Information as aforesaid from SMS messages on an ‘as is’ basis. Therefore, Company shall not be responsible in any way for the correctness, completeness and integrity of any Personal Information collected hereunder.
7. Security
Company shall take all reasonable precautions by way of using current industry standard encryption technologies to protect Personal Information from loss, misuse and unauthorized access, disclosure, alteration and destruction.
8. Limit of Liability
Notwithstanding anything to the contrary in this Policy or any other terms of service or use applicable as between Company and Clients, Company’s aggregate liability hereunder shall be limited to Rs.1000/- (Rupees One Thousand Only) and shall not extend to any indirect or remote damages whatsoever, including but not limited to special, incidental, consequential, or punitive damages or loss of profits.
9. Enforcement
For any inquiries and complaints, the following email address may be used: feedback@DC.in. All inquiries and complaints shall be looked into promptly and without charging any fee to the inquirer / complainant.
10. Compliance
Company shall always cooperate with regulatory authorities and investigating agencies in India in the matter of treatment of Personal Information.
11. Changes in privacy policy
- We reserve the right to change, modify, add, or remove portions of this Privacy Policy at any time for any reason. In case, any changes are made in the Privacy Policy, we shall update the same on the App. Once posted, those changes are effective immediately, unless stated otherwise. We encourage you to periodically review this page for the latest information on our privacy practices. Continued access or use of the Services constitute Your acceptance of the changes and the amended Privacy Policy.
If we decide to change our Privacy Policy, we will post those changes on this page so to make you aware of the information we collect, how we use it, and under what circumstances we share and disclose it.