Line of Credit available through ‘SNAPMINT CREDIT ADVISORY PRIVATE LIMITED’ are provided by our partner banks. Personal information connected to the application is shared with the banks.
In order to help us further identify you, we may also gather information about the device you are using to access the 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 credit line application, your past use of the ‘SNAPMINT 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.
Our app may further collect following information for credit assessment purpose, to uniquely identify you and prevent frauds and unauthorized access by fraudsters. Any acceptance or denial of such permissions may affect your approval process.
We collect names and packages of each installed application in your device when you download the Snapmint app and send them to our backend servers (via https://api.snapmint.com) to assess lending and other apps for credit risk assessment. This allows us to complete your onboarding, giving a purchase limit, for loan processing and give you pre-approved offers with your explicit consent.
Information the App collects, and its usage, depends on how you manage your device’s privacy controls. When you install the App, we store the information we collect with unique identifiers tied to your device.
We collate information from the device when you download and install the App and explicitly seek permissions from you to get the required information from the device.
The information we collect from the device include the OS version, brand, build model, RAM (available & total), internal & external storage (available & total), display language, unique device identifiers; SIM information that includes network operator and network type; to uniquely identify your devices and ensure that no unauthorized devices acts on your behalf which helps us in preventing frauds.
Our partner banks have access to all information which you share with us. We might also share information with the merchant on whose website you are using our 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.
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 account, 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.
You have the option to withdraw your consent to contact you and for the ongoing collection, usage, and disclosure of your information. You can also request the deletion of your Snapmint account. If you haven't made any purchases so far, you can submit a request to revoke consent or delete your account along with your details. On the other hand, if you've placed orders with Snapmint or its partner merchants, we're a licensed NBFC regulated by RBI, and thus, we're required to retain your data. Therefore, revoking data consent or deleting your data won't be feasible in such cases. For new users, sending an email to firstname.lastname@example.org allows them to revoke consent or delete their account, but keep in mind that this action might affect your access to our services.
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.