By visiting this Aadhar Pe Loan mobile application (“App”) and/or platform and using the services provided by us (“Services”), you agree to be bound by this terms of this Privacy Policy. By accessing to the Platform or any part thereof, you expressly agree to comply to Aadhar Pe Loan’s (“we” or “our” or “us” ) use and disclosure of your personal information in accordance with this Privacy Policy. When you visit/ access the platform, through the website or the app and voluntarily providing us with information (personal and/ or non-personal) for the products or otherwise, you consent to our use of it in accordance with this policy.
The term—“user” here shall mean the customer/consumer, or any person who access our our Platform/ App or use our services. If you do not agree to this Policy or any part thereof, please do not use or access our Platform or any part.
Loan Amount: from ₹ 2,000 to 50,000.
Tenure: 61+ days (minimum period, including renewal period), upto 182 days (maximum period, including renewal period)
Maximum Annual Interest Rate: 0.095% per day. The maximum interest rate is 34.7% per annum.
Processing Fee: Upto 16% of Loan Amount (additional 18% GST to be paid)
Example: For ₹5,000 loan of 91 days duration, with interest rate is 0.095% per day, after deducting the processing fee, the interest payable will be as follows:
Interest Payable = ₹ 5,000*34.7%/365*91 = ₹432.25
Maximum Annual Percentage Rate(APR): 182%
COLLECTION OF PERSONALLY IDENTIFIABLE INFORMATION
We collect and store your information (personal information) you provided from time to time after we seeking permissions from you to get the necessary information, when you use our Platform (our Website or App). By doing this, we intend to provide you with safe, efficient, smooth and customized experience and services. And this allows us to provide services and features that meets your needs, and to customize our Platform to make your experience safer and easier and to improve the services provided by us. More importantly, we collect personal information from you that we consider necessary for achieving the aforementioned purpose
You’re allowed to browse the Website or App without telling us who you are or revealing any personal information about yourself. However, when you want to create an account on the Website or App, the following information shall be provided by you to process customized services. The information we collect from you, inter alia, which include:1) full name; 2) address; 3) family information; 4) phone number; 5) email; 6) postal code; 7) university/college details; 8) permanent account number (PAN); 9) academic records and certificates.
There are mandatory and optional fields we have indicated,and you always have the choice to not provide your personal information by choosing not to use a particular service or feature on the Platform. We also collect other identifiable information (your payment card details and transaction histories on the Platform) from you when you set up a free account with us as further detailed below. While you can browse some sections of our Platform without being a registered member as mentioned above, certain activities (such as availing of loans from the third party lenders on the Platform) requires registration and for you to provide the above details. The Platform shall clearly display the personal information it is collecting from you, and you have the option to not provide such personal information. However, this will limit the services provided to you on the Platform.
SMS
During our loan journey, we need to read your financial SMS sent by banks and billers. To provide the best loan offer based on the financial SMS’s, your financial transactions are used to create your financial and risk profile.
CAMERA
We require the camera information permission to provide you an easy/smooth experience and to enable you to click photos of your KYC documents along with other requisite documents and upload the same on the App during your loan application journey.
STORAGE
We require the storage information permission that allows the App to enable you to upload photos and/or documents to complete the application form during your loan application journey.
LOCATION
We collect location information from your device to reduce the risk associated with your account.
CONTACT
As a part of our loan journey, we require references from the Loan applicant. In this regard, during filing the form on our App, we collect your contact information to detect close contacts to enable you to autofill the data during the loan application process.
Furthermore, we collect contact information from your device for the purposes of risk analysis by enabling us to detect credible references. The more credible the references are, the lower is the risk associated to a User.
INSTALLED APPLICATIONS
We collect a list of the installed applications’ metadata information which includes the application name, package name, installed time, updated time, version name and version code of each installed application on your device to assess your credit worthiness and enrich your profile with pre-approved customized loan offers.
COLLECTION OF OTHER NON-PERSONAL INFORMATION
We automatically track certain information about you based upon your behaviour on our Platform. We use this information to do internal research on our users' demographics, interests, and behaviour to better understand, protect and serve our users and improve our services. This information is compiled and analysed on an aggregated basis. We also collect your Internet Protocol (IP) address and the URL used by you to connect your computer to the internet, etc. This information may include the URL that you just came from (whether this URL is on our Website or not), which URL you next go to (whether this URL is on our Website or not), your computer browser information, and your IP address.
Cookies are small data files that a Website stores on Your computer. We will use cookies on our Website similar to other lending websites / apps and online marketplace websites / apps. Use of this information helps Us identify You in order to make our Website more user friendly. Most browsers will permit You to decline cookies but if You choose to do this it might affect service on some parts of Our Website.
We retain this information as necessary to resolve disputes, provide customer support and troubleshoot problems as permitted by law.
If we receive personal emails from you, such as correspondences or letters, or if we receive correspondence about your activities or postings on the Platform from other users or third parties, we will collect such information into a file specific to you.
COLLECTION OF DEVICE INFORMATION
The information the App collects, and how that information is used, depends on how you manage your privacy controls on your device. When you install the App, we store the information we collect with unique identifiers tied to the device you’re using. We collect information from the device when you download and install the App and explicitly seek permissions from YOU to get the required information from the device.
The information we collect from your device includes the unique ID i.e. IMEI number, information on operating system, SDK version and mobile network information including carrier name, SIM Serial and SIM Slot, your profile information, list of installed apps, wi-fi information.
We collect information about your device to provide automatic updates and additional security so that your account is not used in other people’s devices. In addition, the information provides us valuable feedback on your identity as a device holder as well as your device behaviour, thereby allowing us to improve our services and provide an enhanced customized user experience to you.
USE AND DISCLOSURE OF YOUR PERSONAL AND OTHER INFORMATION
In general, we access, store and use the information we collect from to provide our Services, to research and develop new ones. e use personal information to provide you with the services you request and we customize user’s experience and improve our services. Your personal information may be used for marketing you some products , we will provide you the options to opt-out of such uses.
We use personal information to provide the services you request, to customize your user experience and to improve our services. To the extent we intent to use your personal information to market any product to you, we will provide you the ability to opt-out of such uses.
Your personal information are used to:1) resolve disputes; 2) resolve problems; 3) help provide safe service; 4) analytical analysis; 5) measure consumer interest and satisfaction in our products and services; 6) customize your experience; 7) detect and protect us against suspicious or illegal activity, fraud and other criminal activity; 8) enforce the terms and conditions; 9) improvement of our services and as otherwise described to you at the time of collection. In our efforts to continually improve our product and service offerings, we collect and analyze demographic and profile data about our users' activity on our Website.
DISCLOSURE TO THIRD PARTIES
We may share your information with third parties, such as our regulated financial partners for provision of services on the Platform and/or for facilitation of a loan / facility to You. Your information will be shared with third-parties only in such manner as described below:
(i) we share Your information with our third-party partners to conduct data analysis in order to serve you better and provide services on our Platform,
(ii) we disclose and share Your information with our financial service providers, banks or NBFCs and Our third-party partners and for facilitation of a loan or facility or line of credit or purchase of a product,
(iii) we may disclose Your information, without prior notice. If we are under a duty to do so in order to comply with any legal obligation or an order from the government and/or a statutory authority, or in order to enforce or apply with our terms and conditions or assign such information in the course of corporate divestitures, mergers, or to protect the rights, property, or safety of us, our users, or others. This includes exchanging information with other companies and organizations of fraud prevention and credit risk reduction,
(iv) we may disclose your information, without prior notice, if we are under a duty to do so in order to comply with any legal obligation or an order from the government and/or a statutory authority, or in order to enforce or apply our terms and conditions or assign such information in the course of corporate divestitures, mergers, or to protect the rights, property, or safety of us, our users, or others. This includes exchanging information with other companies and organizations for the purposes of fraud protection and credit risk reduction,
(v) we will disclose the data / information provided by a User with other technology partners to track how the User interact with the Platform on our behalf,
(vi) we and our affiliates may share your information with another business entity should we (or our assets) merge with, or be acquired by that business entity, or re-organization, amalgamation, restructuring of business for continuity of business. Such a transaction should occur than any business entity (or the new combined entity) receiving any such information from us shall be bound by this Privacy Policy with respect to your information,
(vii) we will disclose the information to our third-party technology and credit partners to perform credit checks and credit analysis like Credit Bureaus or third-party data source providers,
(viii) we will disclose Your information under a confidentiality consent with the third parties and restrict the use of the said Information by third-parties only for the purposes detailed herein above.
CHANGES IN THIS PRIVACY POLICY
It is our right to change, add, modify, or remove portions of this Privacy Policy at any time for any reason. In case of any changes made in the Privacy Policy, we will update the same on the Website. 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.
Contacting Us*
If you have any questions about our Privacy Policy or any privacy-related matters, please contact us via email primeappzone@gmail.com.