We, QIHOO INDIA FINANCE PRIVATE LIMITED, a company incorporated under the Companies Act 2013, having its registered office at Chamber no 2, ground floor 1005, sector 31-32A, Gurgaon, Haryana, India, 122001 (hereinafter shall be referred to as “Company” or "LendingAdda" or "Us" or "We" or “Our”) are the owner and operator of the mobile application/ website (hereinafter referred to as “Platform”).
UPON ACCEPTANCE, THIS POLICY CONSTITUTES A LEGAL AGREEMENT BETWEEN YOU, AS THE USER OF THE PLATFORM, AND LENDINGADDA, AS THE OWNER OF THE PLATFORM.
THIS POLICY DESCRIBES OUR POLICIES AND PROCEDURES FOR COLLECTION, USE, STORAGE, PROCESSING, DISCLOSURE AND PROTECTION OF ANY INFORMATION, INCLUDING, BUT NOT LIMITED TO, BUSINESS OR PERSONAL INFORMATION PROVIDED BY YOU AS A USER (“User” or “YOU/R”) WHILE USING THE PLATFORM. USER SHALL MEAN ANY PERSON/ PERSONS, WHO VISITS, USES, DEALS WITH AND/ OR TRANSACTS THROUGH THE PLATFORM OR AVAILS OUR SERVICES AND INCLUDES A BROWSER.
BY VISITNG/ ACCESSING THE PLATFORM, AND VOLUNTARILY PROVIDING US WITH INFORMATION (PERSONAL AND / OR NON- PERSONAL), YOU ARE CONSENTING TO OUR USE OF IT IN ACCORDANCE WITH THIS POLICY AND APPLICABLE LAWS. THIS POLICY DOES NOT APPLY TO THIRD-PARTY WEBSITES/ MOBILE APPLICATIONS THAT ARE CONNECTED VIA LINKS TO THE PLATFORM. IF YOU DO NOT AGREE WITH THIS POLICY, PLEASE DO NOT PROCEED FURTHER TO USE / ACCESS THIS PLATFORM.
THIS POLICY IS A PART OF THE PLATFORM TERMS & CONDITIONS LOCATED AT http://www.lendingadda.com/policy/terms_and_conditions.htmlAND ALL CAPITALIZED TERMS UNDER THIS POLICY THAT HAVE NOT BEEN SPECIFICALLY DEFINED HEREIN SHALL HAVE THE MEANING AS ASCRIBED TO IT UNDER THE PLATFORM TERMS & CONDITIONS.
1. USER ACKNOWLEDGEMNET AND CONSENT
a. Users acknowledge that by accessing the Platform, Users expressly consent, authorize and confirm Us to collection, maintenance, usage, handling and disclosures of User information including the sensitive personal data by Us in accordance with this Policy.
b. Users acknowledge and understand that based on Your written request, We will collect Your credit reports and credit data on Your behalf from credit information companies that We collaborate with. In this regard, You, authorize Us, to request and receive Your credit score / report from such credit information companies, now and on a periodic basis, until such time You communicate in writing to Us to discontinue such requests.
d. Users acknowledge that they have the option not to provide or agree to the collection of information. If a User chooses not to agree with the Policy, they will not be entitled to use Our services.
2. COLLECTION OF INFORMATION
You irrevocably authorize and consent Us to collect your information hereinafter:
A. Personal Data and Information collected directly
i. Personal Information:
Personal information includes any information concerning the personal or material circumstances of an identified or identifiable User, e.g. name, e-mail address, gender, date of birth, postal address, phone number, a unique login name, password, password validation, marital status, family details, business information and other details shared via application form or via email or via any other medium.
It can also include information such as username, account number, password and any other personally identifiable information.
While You can browse some sections of Our Platform without being a registered member as mentioned above, most activities (such as availing of loans on the Platform) requires registration and for You to provide the above details.
ii. Financial Information:
The Company may have access to User’s financial information such as bank account, details regarding payment instrument, and transaction data pertaining to Users collected from partnering merchants; and/or bureau data collected from financial organizations (including, inter-alia, TransUnion CIBIL Limited and other credit bureaus);
The Company may also have access to User’s payment card details like the credit, debit card and/ or internet banking account information etc. collected via the Platform. User, by submitting these details expressly consents to the sharing of its information with the sellers/ merchants, third-party payment processors, payment gateways, payment aggregators and other third-party service providers.
Company clarifies that it cannot view the User’s banking username and passwords, and the same will be securely stored in separate encrypted areas with the financial services providers.
iii. Collection of Device Information:
The information the Platform collects, and how that information is used, depends on how You manage Your privacy controls on Your device.
When You install Our mobile application, 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 mobile application 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 behavior, thereby allowing Us to improve Our services and provide an enhanced customized user experience to You.
The key information collected from the device is further detailed below
We don’t collect Your personal SMSs from Your inbox.
We only collect financial SMS (5-6 digit Financial SMS) from Your inbox which helps Us in identifying the various accounts that You are holding and the cash flow patterns that You have as a user to help Us determine Your risk profile and to provide You with the appropriate credit analysis to enable You to take financial facilities from Us.
While using the Application, it periodically sends the financial SMS information to Our servers.
We collect location information from Your device to reduce the risk associated with Your account.
As a part of Our loan journey, We require references from the loan applicant. In this regard, We collect Your contact information to detect close contacts to enable You to autofill the data during the loan application process.
We require the storage information permission to enable the Application to enable You to upload photos and/or documents to complete the application form during Your loan application journey.
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 Application during Your loan application journey.
f. List of Installed Applications
Help Us determine Your risk profile and to provide You with the appropriate credit analysis to enable You to take financial facilities from Us.
B. Personal Data from Third Parties
i. Credit Reports:
We also collect Your credit reports and credit data on Your behalf in the event You have requested the same from Us. In this regard, You:
a. Authorize Us, to request and receive Your credit score / report from credit information companies, now and on a periodic basis, at its discretion until such time You communicate in writing to Us to discontinue such requests.
b. further fully understand that the purpose of this credit score / report is to enable Us to effectively make personalized offers to You and enable faster processing of credit applications to help provide speedier access to credit through Our Platform.
c. also understand that We may apply for the credit score / report either ourselves directly or through any of their partner tie ups who are members of credit information companies, and fully authorize Us to share Your details with such partner.
ii. Social Media:
We also collect information and data through Facebook, Twitter, LinkedIn or other social media accounts of the Users which have been linked to the account on the mobile application, if any.
C. Collection of Other Non-Personal Information
i. Additional 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 behavior to better understand, protect and serve Our users and improve Our services. This information is compiled and analyzed 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 Platform or not), which URL You next go to (whether this URL is on Our Platform or not), Your computer browser information, and Your IP address.
If You send Us personal correspondence, such as emails or letters, or if other users or third parties send Us correspondence about Your activities or postings on the Platform, We collect such information into a file specific to You.
The Company may use "cookies" as required on the Platform. "Cookies" is a term generally used for small text files a web site uses to recognize repeat users, facilitate the user's ongoing access to and use of the site, allow a site to track usage behaviour and compile aggregate data that will allow content improvements and targeted advertising, preferences etc.
Cookies themselves do not personally identify the User, but it identifies User device. Generally, cookies work by assigning a unique number to the computer that has no meaning outside the assigning site.
For the purpose of this Policy Users are informed that cookies also exist within mobile applications when a browser is needed to view certain content or display an advertisement within the application.
iii. Web Beacons
The web pages of the website contain electronic images known as “web beacons”, sometimes called single-pixel gifs and are used along with cookies to compile aggregated statistics to analyse how the website is used. Web beacons may also be used in some of the Company’s emails to so as to know which emails and links recipients have opened, allowing it to gauge the effectiveness of its customer communications and marketing campaigns.
3. MODE OF COLLECTION OF INFORMATION
We may collect User information in a manner that includes the following:
a. Information that the User provide to Us by filling in registration / enrollment / signing up forms on the Platform/ or availing any other financial service from the Platform.
b. Information that the User provides when Users writes directly to Us by way of e-mail, letters, messages, etc.
c. Information that the User provides merely by accessing/navigating the Platform.
d. Information collected by the Company through independent third-party sources like merchants, financial organizations (including, inter-alia, TransUnion CIBIL Limited and other credit bureaus.
4. USE OF INFORMATION
You explicitly authorize and consent that We may use the information provided by You in the following ways:
a. to establish identity and verify the same;
b. monitor, improve and administer Our Platform;
c. design and offer customized products and services offered by Our third-party financial partners;
d. analyze how the Platform is used, diagnose service or technical problems and maintain security;
e. send communications notifications, information regarding the products or services requested by You or process queries and applications that You have made on the Platform;
f. manage Our relationship with You and inform You about other products or services We think You might find of some use;
g. conduct data analysis in order to improve the services provided to the User;
h. use the User information in order to comply with applicable laws and regulations;
i. For fraud prevention and detection;
j. use the User information in other ways permitted by law to enable You to take financial services from Our lending partners.
k. We will use and retain Your information for such periods as necessary to provide You the services on Our Platform, to comply with Our legal obligations, to resolve disputes, and enforce Our agreements.
l. Share the User information with Our lender partners enabling them to pull out credit reports through independent credit bureau agencies including, inter-alia, TransUnion CIBIL Limited etc.
5. STORAGE OF INFORMATION
We store and process Your personal information on Ali cloud servers and other cloud service providers within India. Some of the safeguards We use are firewalls and 2048 bit data encryption using SSL, and information access authorization controls. We use reasonable safeguards to preserve the integrity and security of Your information against loss, theft, unauthorised access, disclosure, reproduction, use or amendment. To achieve the same, We use reasonable security practices and procedures as mandated under applicable laws for the protection of Your information. Information You provide to Us may be stored on Our secure servers located within or outside India.
However, You understand and accept that there’s no guarantee that data transmission over the Internet will be completely secure and that any information that You transmit to Us is at Your own risk. We assume no liability for any disclosure of information due to errors in transmission, unauthorized third party access to Our Platform and data bases or other acts of third parties, or acts or omissions beyond Our reasonable control and You shall not be entitled to hold Us responsible for any breach of security.
6. DISCLOSURE OF INFORMATION
a. We will share Your information with third parties to facilitate provisioning of services by Us to You only in such manner as described below:
b. We may share Your information with third parties under a confidentiality agreement for provision of services which inter alia restricts such third parties from further disclosing the information unless such disclosure is for the purpose as detailed under that confidentiality agreement.
c. We may disclose Your information to the financial service providers, banks or NBFCs and Our third-party partners for providing the services as detailed under the Terms & Conditions;
d. We may share Your information with Our third-party partners in order to conduct data analysis in order to serve You better and provide services on Our Platform;
f. We may disclose Your information to authorities as requested upon applicable laws and regulations.
7. THIRD PARTY WEBSITES
With this Policy We’re only addressing the disclosure and use of data collected by Us. If You visit any websites through the links on the Platform, please ensure You go through the privacy policies of each of those websites. Their data collection practices and their policies might be different from this Policy and We do not have control over any of their policies neither do We have any liability in this regard.
We might post Your data, excluding personally identifiable information, on various pages of Our Platform that will be visible to people other than registered Users. If You wish to not have Your information shared please let Us know at email@example.com .
"Phishing" usually occurs when users of a website are induced by an individual/entity into divulging sensitive personal data by using fraudulent websites and/ or e-mail addresses. In the event You provide information to a website or respond to an e-mail which does not belong to Us or is not connected with Us in any manner, You will be a victim to Phishing. We do not send e-mails requesting a user for payment information, user name or passwords. However, We may verify the user name, password etc. provided by You from time to time.
9. SEVERABILITY AND EXCLUSION
We have taken every effort to ensure that this Policy adheres with the applicable laws. The invalidity or unenforceability of any part of this Policy shall not prejudice or affect the validity or enforceability of the remainder of this Policy. This Policy does not apply to any information other than the information collected by Us through the Platform. This Policy shall be inapplicable to any unsolicited information You provide Us through the Platform or through any other means. This includes, but is not limited to, information posted in any public areas of the Platform. All unsolicited information shall be deemed to be non-confidential and the Company shall be free to use and/ or disclose such unsolicited information without any limitations.
10. GOVERNING LAW AND DISPUTE RESOLUTION
This Policy shall be governed by and construed in accordance with the laws of the Republic of India. The courts at Gurugram, Karnataka, India shall have exclusive jurisdiction in relation to any disputes arising out of or in connection with this Policy.
11. NO WAIVER
The rights and remedies of available under this Policy may be exercised as often as necessary and are cumulative and not exclusive of rights or remedies provided by law. It may be waived only in writing. Delay in exercising or non-exercise of any such right or remedy does not constitute a waiver of that right or remedy, or any other right or remedy.
12. CONTACT US
If You have grievance with respect to use of Your personal information, please write to Ms Kanika at firstname.lastname@example.org .
The Company is a company based in India. By browsing/using the Platform, You hereby acknowledge that the Company is not responsible or liable in any manner to comply with any local laws of Your territory except India.