In the course of serving you, R.K. FINTRADE-Instant cash loan services are provided by VIMAL INFIN PRIVATE LIMITED, R.K. FINTRADE PRIVATE LIMITED is a Non-Banking Financial Company (NBFC) duly registered with the Reserve Bank of India (RBI) .(hereinafter shall be referred to as “R.K. FINTRADE-Instant cash”, “Company”, “We, “Us” “Our (The words Website and Platform are hereinafter used interchangeably).
We believe fairness and transparency are important and power the decisions we make. This includes how we gather and respect your personal identifiable information, but we also recognize that you expect us to treat this information appropriately. We’ve written this online Privacy Policy to empower and inform you about your privacy while on our website or while using our mobile application.
R.K. FINTRADE-Instant cash understand the reason behind collection of your information and its usage and the manner in which we collect, use, store and share information about you (“Privacy Policy”).
CONSENT
You hereby expressly consent to provide the information that may be required in relation to the Services (as defined below) being rendered on the Platform by us. You acknowledge that we shall collect the information detailed under this Privacy Policy to facilitate lending & non-lending services by partnering with various financial lenders, third parties, service providers, etc based on your requirement to avail such Services (“Services”).
R.K. FINTRADE-Instant cash will only be using the information for providing the Services to you.
In order to avail any Services being provided by R.K. FINTRADE-Instant cash by itself or in partnership with the lenders or other third parties it is important that you read, understand, acknowledge and unconditionally agree to be bound by the terms and conditions of this privacy policy.
If you do not agree to this policy or any part thereof, please do not use/ access/ download/ install the platform or any part thereof.
For the users consenting to continue accessing the Platform and avail the Services, this Privacy Policy explains our policies and practices regarding the collection, use, and disclosure of Your information.
COLLECTION OF INFORMATION
The collection of information under this Privacy Policy are conducted for the following categories of services:
(i) Part A: Information for Digital Lending Services: Information collected by Platform for facilitation of Loans being disbursed by the financial lending partners whose details are available on the Website and the Application and who are registered with the Reserve Bank of India (“Lending Partners”).
(ii) Part B: Information for Non-Lending Services: Information collected by Platform while registering a User on the Platform or while providing Value Added Services (i.e. all services other than facilitation of loans).
Information we collect about you
In order to facilitate the lending and non-lending services, R.K. FINTRADE-Instant cash will be required to access, collect and share Personal Information with its lending partners that may be banks or NBFCs registered with the Reserve Bank of India or any other third-party providing value added services in partnership with R.K. FINTRADE-Instant cash. In such cases, R.K. FINTRADE-Instant cash will share the information securely and ensure that all personal information recipients comply with confidentiality, fidelity and secrecy obligations and sign covenants in this regard.
R.K. FINTRADE-Instant cash may make information available to third parties that are financial and non-financial companies, government agencies, courts, legal investigators, and other non-affiliated third parties as requested by You or Your authorized representative, or otherwise when required or permitted by law.
In due course of using our Services, you are required to submit data to enable our Services. For example, your name, date of birth, , phone number, bank account details, gender, race, nationality, occupation, marital status, our application collects basic information , such as contact list, GPS, device information, calendar, etc.We use this data to create your profile and provide you with the best available services. Mentioned below is some of the data we collect from you:
Calendar
We use calendar permission to add payment reminders, to view and modify existing reminders set by us. We will strictly modify reminders set by us and other reminders are neither read nor stored. This permission is voluntary and can be revoked at any time.
Device Information
We additionally collect certain device information provided herein for our lending and non-lending services. Information which the Application collects, and its usage, depends on how you manage your privacy controls on your device.
GPS Permission
Collect and monitor information about the location of your device to do risk assessment for credit scoring.
Contact List
When a User uses the Services, we automatically record information about the
User's usage ("Contact List").
PURPOSE OF COLLECTION
We shall use the information collected from you for facilitating the lending and non-lending Services for the following purposes as detailed below. We understand the importance of your information and ensure that it is used for the following intended purposes only.
The intended purpose of collecting information provided by you is to:
establish identity and verify the same;
to facilitate your KYC as per instructions from our Lending Partners;
troubleshoot problems, monitor, improve and administer our Platform;
provide our service i.e. facilitating loans to You or providing our value-added services or non-lending services to you.
design and offer customized products and services offered by our third-party partners;
analyse how the Platform is used, diagnose service or technical problems and maintain security;
send communications notifications, information regarding the products or services requested by You or process queries and applications that You have made on the Platform;
measure consumer interest and satisfaction in our products and services and manage Our relationship with You;
conduct data analysis in order to improve the Services / Products provided to the User;
use the User information in order to comply with country laws and regulations;
use the User information in other ways permitted by law to enable You to take financial services from our lending partners.
resolve disputes and detect and protect us against suspicious or illegal activity, fraud and other criminal activity;
customize your experience and enforce our terms and conditions.
the contact details (i.e. the phone number) of the third party individuals (including your relatives and friends) that are voluntarily added by you at the time of loan application may be used for the purpose of establishing contact in case we are unable to contact you, including at the time of collection of installments.
We will use and retain only such basic personal information such as your name, contact information, address details and such other information which are necessary for the provision of Services and for such periods as necessary to provide You the Services on the Platform, to comply with our legal obligations, to resolve disputes, and enforce our agreements.
DISCLOSURE TO THIRD PARTIES
We will share Your information only with our third parties including our regulated financial partners, vendors etc for facilitation of Services on the Platform.
We will share the information only in such manner as described below:
We disclose and share Your information with the financial service providers, banks or NBFCs and our Lending Partners for facilitation of a loan or facility or line of credit or purchase of a product;
We share Your information with our third-party partners in order to conduct data analysis in order to serve You better and provide Services our Platform;
We may disclose Your information, in order to enforce or apply our terms of use 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.
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.
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. Should such a transaction occur than any business entity (or the new combined entity) receiving any such information from us shall be bound by this Policy with respect to your information.
We will disclose the information to our third-party technology or third-party data source providers;
We will share Your information under a confidentiality agreement with the third parties and restrict use of the said information by third parties only for the purposes detailed herein. We warrant that there will be no unauthorised disclosure of your information shared with third parties.
We may share your personal information with the governmental authorities, quasi-governmental authorities, judicial authorities and quasi-judicial authorities if we are acting under any duty, request or order as part of our legal obligations and in accordance to the applicable laws. By accepting this Privacy Policy, you hereby provide your consent to disclose your personal information for such regulatory disclosure.
Any disclosure to third parties is subject to the following:
If we are under a duty to disclose or share your personal data in order to comply with any legal or regulatory obligation or request, we shall not seek your explicit consent however we shall reasonably endeavour to notify the same to you accordingly as the case may be as stated under subclause 3;
We shall take your express consent in the event we share your personal data with third parties;
We shall share your information with third-party only on a need basis and only for the purpose stated hereunder, as per the applicable laws.
We shall additionally seek express consent through a separate consent for at appropriate stages of data collection, if so required under applicable laws.
DATA RETENTION AND DELETION
We at R.K. FINTRADE-Instant cash promise to protect your personal data from unauthorized access, misuse, and disclosure using the right security measures based on the type of data and how we are processing the same. We retain information about you to provide a seamless experience, to contact you in case of support required and about your account, to detect, mitigate, prevent, and investigate fraudulent or illegal activities during the course of the Services. We retain your data for as long as necessary to provide you with our services. We may also retain and use your basic personal information inter alia as name, contact number, transactional details and address details as necessary to comply with our legal obligations, resolve disputes, and enforce our agreements which shall always be in accordance with applicable laws. Subject to this section, we may delete your data upon reasonable written request for the same at any stage. However, you may not be able to use our services after deletion.
LINK TO THIRD-PARTY SDK AND OTHER SITES
The App has a link to registered third party SDKs, Application Programming Interface (API) integrations, redirections which collects data on our behalf and data is stored to a secured server. We ensure that our third-party service provider takes extensive security measures in order to protect your personal information against loss, misuse or alteration of the data as required under the applicable laws.
Our third-party service provider employs separation of environments and segregation of duties and have strict role-based access control on a documented, authorized, need-to-use basis. The stored data is protected and stored by application-level encryption. They enforce key management services to limit access to data.
Furthermore, our registered third-party service provider provides hosting security – they use industry-leading anti-virus, anti-malware, intrusion prevention systems, intrusion detection systems, file integrity monitoring, and application control solutions.
Our Platform links to other websites that may collect information about you. We are not responsible for the privacy practices or the content of those linked websites. With this Policy we’re only addressing the disclosure and use of data collected by Us. 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.
CHANGES IN THIS 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 Platform. 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.
SECURITY PRECAUTIONS
The Platform intends to protect your information and to maintain its accuracy as confirmed by you. We implement reasonable physical, administrative and technical safeguards to help us protect your information from unauthorized access, use and disclosure. For example, we encrypt all information when we transmit over the internet. We also require that our registered third-party service providers protect such information from unauthorized access, use and disclosure.
Our Platform has stringent security measures in place to protect the loss, misuse and alteration of information under control. We endeavour to safeguard and ensure the security of the information provided by you. We use Secure Sockets Layers (SSL) based encryption, for the transmission of the information, which is currently the required level of encryption in India as per applicable law.
We blend security at multiple steps within our products with the state-of-the-art technology to ensure our systems maintain strong security measures and the overall data and privacy security design allow us to defend our systems ranging from low hanging issue up to sophisticated attacks.
YOUR RIGHTS
Modifying or rectifying your information: In the event that any Personal Information provided by You is inaccurate, incomplete or outdated then You shall have the right to provide Us with the accurate, complete and up to date data and have Us rectify such data at Our end immediately. We urge You to ensure that You always provide Us with accurate and correct information/data to ensure Your use of Our Services is uninterrupted. In case of modification of Personal Information, Users will be required to furnish supporting documents relating to change in Personal Information for the purpose of verification by the Company.
Your Privacy Controls: You have certain choices regarding the information we collect and how it is used:
Your device may have controls that determine what information we collect. For example, you can modify permissions on your iOS device or Browser to remove any permissions that may have been given. However, Platform does not provide a guarantee of Services if any such controls are exercised.