At PAVANDHAM INVESTMENTS AND FINANCE COMPANY PRIVATE LIMITED's PavanLoan, we regard your privacy with the utmost seriousness, committing ourselves to the protection of your personal information. This Privacy Policy serves to articulate the procedures we adopt in the collection, application, conservation, and sharing of your personal data, and delineates our strategies for safeguarding your privacy.
Throughout the contents of this policy, the references to "we" or "our" imply the collective operations of PAVANDHAM INVESTMENTS AND FINANCE COMPANY PRIVATE LIMITED and PavanLoan.
As you engage with our loan application, please be assured of our resolute dedication to your privacy. This policy is intended to provide a clear understanding of how we handle your personal information, reflecting our dedicated efforts towards its security.
1. Purposes of Personal Information Utilization
We utilize your personal data with the objectives of:
Delivering the products and services you solicit, whilst enhancing their quality and your user experience.
Addressing your feedback or complaints and maintaining communication with you.
Offering personalized suggestions and tailoring our services to meet your needs.
Undertaking market studies and statistical evaluations to refine our products and services.
Adhering to legal and regulatory mandates, safeguarding both our and your legitimate interests.
2. Cookie Preferences
Our platform employs Cookies along with other related technologies to elevate your experience, tailor services, and analyze usage data. You are at liberty to manage your Cookie preferences. Declining Cookies, however, may limit the functionality and services available to you.
3. Collection and Use of Personal Information
When engaging with our loan application, we may gather personal information as follows:
Primary Information: Such as your legal name, means of communication, and birthdate.
Financial Information: Details on your income and debt obligations.
Employment Data: Information concerning your profession and your employer.
Credit Standing: Your credit score and detailed reports on your creditworthiness.
Other Communications: Your interactions with our service, including feedback and other relevant communications.
How We Collect Your Data
We acquire your personal information through:
Direct provision by yourself.
Automated mechanisms upon application usage.
Third-party verification of your identity and financial status.
To avert financial fraud and accurately assess your eligibility for our services, we will request permissions to access certain functionalities of your device, including the camera, photo library, and contact list, as part of our KYC requirements.
4. Authorization for Access and Information Collection
In order to apply for a full loan through our app, users are required to provide authorization for us to access the following permissions on their devices:
Camera Access Permission: It is crucial for the app to access your device's camera to enable the capture of images or videos. This requirement is part of the identity verification process, aimed at preventing financial fraud.
Location Access Permission: Our app requires the ability to access your location data to ensure that you reside within our loan service area. This is vital as services are restricted to certain geographical boundaries.
Contacts Permission: Access to your contact list is necessary for the app to conduct checks against compliance with local regulations in India and to identify potential risk factors such as consecutive numbers, thereby reducing the likelihood of financial fraud and credit risk.
Following the completion of the loan qualification review, we ensure that all personal data collected is promptly deleted, guaranteeing no long-term retention.
5. Personal Information Sharing Controls
Your personal information remains under strict confidentiality, protected from being sold, traded, or disclosed to third parties unless such actions are predicated upon your consent or legal necessity. Should circumstances necessitate the sharing or transferring of personal data, our protocol demands strict compliance with legal standards and adherence to the principles outlined in this Privacy Policy, with effective measures deployed to secure your information.
6. Measures for the Protection of Personal Information
The safeguarding of your personal information receives our utmost attention. We adopt various technical measures and management practices to protect your personal data's safety, integrity, and confidentiality.
Data encryption technology is utilized to ensure the secure handling of your personal information.
We rigorously limit access to personal information to only those with necessary authorization, effectively managing their permissions.
Security inspections and maintenance of our information storage systems are performed regularly.
Our organization has developed a detailed privacy protection policy, providing staff with relevant training to enhance their competency in protecting user privacy.
7. Adjusting Your Personal Details
You possess the capability to access, adjust, or expunge your personal information under our care. For these purposes, we invite you to get in touch with us via the contact methods we've made available. Our commitment is to promptly address your needs regarding your personal data.
8. Connect With Us
For any queries or feedback regarding our Privacy Agreement or how we manage your personal information, please contact us using the following details:
Business Name: PAVANDHAM INVESTMENTS AND FINANCE COMPANY PRIVATE LIMITED
CIN: U67129MH1992PTC067718
Email: contact@pavandhamin.com
Address: 21/22 Manorama Chambers2ndfloor 316 S V Road Bandra (w) Mumbai, Maharashtra, 400050 India
We assure you of our dedication to address your concerns as quickly and effectively as possible.
9. Privacy Agreement Adjustments
As our practices in handling personal information evolve and as we aim to stay compliant with legal requirements, updates to this privacy agreement may be necessary. In the event of critical changes, you will be notified through suitable means to stay informed of our privacy practices.
10. Loan Provider Overview
Name of Loan Provider: PAVANDHAM INVESTMENTS AND FINANCE COMPANY PRIVATE LIMITED
CIN: U67129MH1992PTC067718
Email Support: contact@pavandhamin.com
COR Number: 14ยท07523, issued by RBI
Address: 21/22 Manorama Chambers2ndfloor 316 S V Road Bandra (w) Mumbai, Maharashtra, 400050 India
We recommend that you take the time to carefully read through and understand our Privacy Agreement before engaging with our offerings. If there are any aspects of the agreement that you'd like to discuss or clarify, please don't hesitate to get in touch with us.
