Introduction:
The purpose of this User Data Policy is to explain how our lending application, in compliance with the laws of Pakistan, collects, processes, and uses user data. We understand the importance of protecting user data, and we are committed to complying with all relevant laws and regulations.
Data Collection:
Our lending application collects the following types of user data:
1. Personal Information: We collect personal information such as name, address, email address, phone number, reference contact, live selfie and date of birth.
2. Financial Information: We collect financial information such as bank account number, credit history, and income.
3. Usage Information: We collect usage information such as IP address, browser type, device type, and operating system.
Data Processing and Use:
We may share user data with the following parties:
1. Financial institutions and credit bureaus for the purpose of assessing the creditworthiness of the user.
2. Service providers who provide services to us, such as data processing, customer service, and marketing.
3. Regulatory authorities and law enforcement agencies as required by law.
Data Security:
We take reasonable measures to protect user data from unauthorized access, use, or disclosure. We use industry-standard security technologies and procedures to safeguard user data.
User Rights:
Users have the following rights with respect to their data:
1. The right to access their data.
2. The right to correct their data.
3. The right to delete their data.
4. The right to object to the processing of their data.
5. The right to withdraw their consent for the processing of their data.
Changes to the User Data Policy:
We may update this User Data Policy from time to time. We will notify users of any material changes to the User Data Policy by posting the updated policy on our website or by sending an email to users.