Privacy Policy
"Welcome to RSS Cyber Security's Privacy Policy. At RSS Cyber Security, we are committed to protection your personal information and your right to privacy".
This privacy policy applies to the Sky Credit app (hereby referred to as "Application") for mobile devices that was created by Hemant Prajapat (hereby referred to as "Service Provider") as a Free service. This service is intended for use "AS IS".
MircroFinance :
Welcome to SkyCredit, your trusted partner for quick and easy microfinance solutions. Our app provides small loans tailored to meet your urgent financial needs. Whether you need funds for unexpected expenses, emergencies, or personal projects, SkyCredit is here to help.
Features:
Fast Loan Approval: Apply for a loan and get approval within minutes.
Flexible Loan Amounts: Choose from a range of loan amounts to suit your needs.
Transparent Terms: Clear and transparent loan terms with no hidden fees.
Secure Transactions: Your data and transactions are protected with the highest security standards.
User-Friendly Interface: Simple and intuitive design for a seamless user experience.
Repayment Options: Flexible repayment plans to fit your budget.
Personal Loan:
A personal loan policy typically outlines the terms and conditions under which a financial institution or lender offers personal loans to individuals. Here are some common elements that might be included in a personal loan policy:
1. *Eligibility Criteria*:
- Age requirements (usually 18-65 years old)
- Employment status (salaried, self-employed, etc.)
- Minimum income requirements
- Credit score and history
2. *Loan Amount*:
- Minimum and maximum loan amounts available
- Determination of loan amount based on income, credit score, and other factors
3. *Interest Rates*:
- Fixed or variable interest rates upto 24%
- How the interest rate is determined (credit score, loan amount, loan tenure, etc.)
4. *Loan Tenure*:
- Minimum and maximum repayment period (usually 1 to 5 years)
5. *Repayment Terms*:
- Monthly installment amounts
- Due dates for payments
- Methods of payment (bank transfer, direct debit, etc.)
- Late payment fees and charges
6. *Fees and Charges*:
- Processing fees
- Prepayment or foreclosure charges
- Penalties for late payments
7. *Documentation Required*:
- Proof of identity (passport, driver's license, etc.)
- Proof of address (utility bills, lease agreement, etc.)
- Proof of income (salary slips, bank statements, etc.)
- Credit report
8. *Approval Process*:
- Steps involved in the application process
- Time frame for approval and disbursement
- Criteria for loan rejection
9. *Usage of Loan*:
- Purpose of the loan (e.g., debt consolidation, home improvement, medical expenses)
- Restrictions on the usage of funds
10. *Security and Collateral*:
- Whether the loan is secured or unsecured
- Type of collateral required (if any)
11. *Customer Support*:
- Contact information for loan servicing and support
- Process for addressing disputes and grievances
Data Collection and Security:
SkyCredit is committed to protecting your privacy and ensuring the security of your personal information. To provide our services effectively, we collect the following types of data:
Username:
Purpose: To uniquely identify your account within our system.
Usage: Used for account personalization and secure access.
Password:
Purpose: To protect your account and ensure secure login.
Usage: Ensures that only you can access your account, safeguarding your personal and financial information from unauthorized access.
Mobile Number:
Purpose: For account verification and authentication.
Usage: Used to send verification codes, notifications, and important updates regarding your loan application and account status. This adds an extra layer of security to prevent unauthorized access.
Personal Identification Details:
Purpose: To verify your identity and comply with legal and regulatory requirements.
Usage: Includes information such as ID proof, which is necessary for identity verification and fraud prevention.
Financial Information:
Purpose: To assess your loan eligibility and determine appropriate loan terms.
Usage: Includes details about your income and other relevant financial information, which helps us evaluate your creditworthiness and provide suitable loan options.
Representative Example:
Loan Amount: $5,000
Loan Term: 24 months
Interest Rate: 15% APR
Origination Fee: 3%
Monthly Payment: $237.73
Total Repayment Amount: $5,705.52
Total Cost of the Loan:
Principal Amount: $5,000
Total Interest Paid: $705.52
Origination Fee: $150
Total Cost (Principal + Interest + Fees): $5,705.52
How We Protect Your Data:
SkyCredit employs advanced encryption and security measures to protect your personal and financial information. We ensure that your data is securely stored and transmitted, preventing unauthorized access and breaches. Our privacy policy outlines how we collect, use, and protect your information, ensuring transparency and trust.
For a better experience, while using the Application, the Service Provider may require you to provide us with certain personally identifiable information, including but not limited to myteamrss@gmail.com. The information that the Service Provider request will be retained by them and used as described in this privacy policy.
Third Party Access
Only aggregated, anonymized data is periodically transmitted to external services to aid the Service Provider in improving the Application and their service. The Service Provider may share your information with third parties in the ways that are described in this privacy statement.
Please note that the Application utilizes third-party services that have their own Privacy Policy about handling data. Below are the links to the Privacy Policy of the third-party service providers used by the Application:
The Service Provider may disclose User Provided and Automatically Collected Information:
as required by law, such as to comply with a subpoena, or similar legal process;
when they believe in good faith that disclosure is necessary to protect their rights, protect your safety or the safety of others, investigate fraud, or respond to a government request;
with their trusted services providers who work on their behalf, do not have an independent use of the information we disclose to them, and have agreed to adhere to the rules set forth in this privacy statement.
Opt-Out Rights
You can stop all collection of information by the Application easily by uninstalling it. You may use the standard uninstall processes as may be available as part of your mobile device or via the mobile application marketplace or network.
Data Retention Policy
The Service Provider will retain User Provided data for as long as you use the Application and for a reasonable time thereafter. If you'd like them to delete User Provided Data that you have provided via the Application, please contact them at 7366006603 and they will respond in a reasonable time.
Children
The Service Provider does not use the Application to knowingly solicit data from or market to children under the age of 13.
The Application does not address anyone under the age of 13. The Service Provider does not knowingly collect personally identifiable information from children under 13 years of age. In the case the Service Provider discover that a child under 13 has provided personal information, the Service Provider will immediately delete this from their servers. If you are a parent or guardian and you are aware that your child has provided us with personal information, please contact the Service Provider (7366006603) so that they will be able to take the necessary actions.
Security
The Service Provider is concerned about safeguarding the confidentiality of your information. The Service Provider provides physical, electronic, and procedural safeguards to protect information the Service Provider processes and maintains.
Changes
This Privacy Policy may be updated from time to time for any reason. The Service Provider will notify you of any changes to the Privacy Policy by updating this page with the new Privacy Policy. You are advised to consult this Privacy Policy regularly for any changes, as continued use is deemed approval of all changes.
This privacy policy is effective as of 2025-12-01
Contact Us
If you have any questions regarding privacy while using the Application, or have questions about the practices, please contact the Service Provider via email at myteamrss@gmail.com.