–Last Update 2/6/2017
Loans available through ‘SIMPLIFY CREDIT ADVISORY PRIVATE LIMITED’ are provided by our partner banks. Personal information connected to the application is shared with the banks.
Information we collect about you:
When you register to use ‘SIMPLIFY CREDIT ADVISORY PRIVATE LIMITED’ services by applying for a loan through partner merchant websites or through our website, we collect your name, email-id, mobile number and loan/shipping/current residence address. We may also collect additional information from you in order to enable us to verify your identity. We may collect your financial information to determine your qualification for the loan.
In order to help us further identify you, we may also gather information about the device you are using to access the ‘SIMPLIFY CREDIT ADVISORY PRIVATE LIMITED’ services or the Site, including any information about the device, its location, IP address of the device and any other information sent to us by the device. We may also gather information about your use of our Site or any merchant website, including your interaction with the loan application, your past use of the ‘SIMPLIFY CREDIT ADVISORY PRIVATE LIMITED’ service; any past purchases that you’ve made using the service and any actions you have taken relating to your application.
We may also obtain information about you from third party sources. For example, we work with identity verification companies that will help us identify you. As part of the qualification process, we will obtain information about you, including your personal information and credit report, from credit reporting agencies.
Web Information Collection:
Retaining your Information:
We retain your information in our database for as long as your account is active or is required to comply with our legal obligations, to resolve disputes and/or enforce our agreements.
How and when your information is shared with other parties:
We work with many partner merchants, vendors and banks. These partners include credit reporting agencies, financial service providers, identity verification services, service providers and electronic payment service providers. We may share your information with any of our vendors or partners which allow them to perform the service which they have agreed with us. In each case, such exchange is governed by data security agreements to prevent sharing of your information (accept in cases where any part of the information needs to be shared to provide services or is required by law).
Our partner banks have access to all information which you share with us.
We also might share information with the merchant on whose website you are using ‘SIMPLIFY CREDIT ADVISORY PRIVATE LIMITED’ services.
We may also share your information in response to a judicial proceeding, court order or legal process or for the purpose of preventing fraud or criminal activity, as mandated by the law or to protect our legal rights.
How we may use your information:
Some of our employees and our representatives will have access to your information. We have robust rules and guidelines in place to ensure that this information is protected and kept confidential.
We will use your information for our everyday business activities, including working with the banks to investigate your credit worthiness. Processing transactions with you, collecting repayment amounts on your loan, resolving disputes or otherwise to maintain your account. We may also use your information to reduce risk of fraudulent transactions and to better assess credit risk. For this reason, some of our employees and representatives will have access to your information. In this case, employees are required to comply with our data privacy policies to keep all such information confidential.
How we safeguard your information:
We maintain strong security safeguards to ensure the security and confidentiality of your personal information, protect against any anticipated threats to the security of your personal information, protect against unauthorized access to your information, and ensure the proper disposal of your personal information. We have adopted a comprehensive security policy that complies with law and regulations and reflects industry standards.
Our security policy requires us to consistently monitor the risk of any threats to the administrative, technical, and physical safeguards we have put in place to protect your information. The safeguards include, at a minimum, firewalls and data encryption and restricting access to your personal information only to those employees who have a need to know such information to carry on our operations. Further, access to our physical office is restricted only to our employees and representatives. These safeguards are reviewed and adjusted periodically based on ongoing risk assessments.
Compliance with state laws:
We comply with all rules and regulations (applicable on Services provided by SIMPLIFY CREDIT ADVISORY PRIVATE LIMITED’) mandated by the government of India. These rules are regularly updated by the concerned authorities and our legal team ensures that we remain law compliant.
Confidentiality, security and integrity of customer information:
Employees of ‘SIMPLIFY CREDIT ADVISORY PRIVATE LIMITED’ are regularly sensitized about the importance of confidentiality and privacy. Management will take steps necessary to ensure only employees with a legitimate business reason for knowing personally identifiable customer information shall have access to such information. To the extent practicable, access will be limited by computer access codes and granting limited access to areas in which sensitive customer information is retained. Employees will be informed at the time of their initial employment of these standards. Violation of this policy through misuse of sensitive information will result in disciplinary action against the offending individual.