Privacy Policy
THIS PRIVACY POLICY (“Policy”)has been drafted in accordance with the Information Technology Act, 2000 and the Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011.
Instant Cash Loan by Jivan Finance (shall hereinafter be referred to as "Instant Cash Loan" or "Company" or "us" or "we" are the owner of the mobile application by the name Instant Cash Loan( "App" ) .
By visiting the Instant Cash Loan mobile application (the 'App') (collectively, the 'Platform') and availing the services provided by us ('Services') you agree to be bound by the terms and conditions of this Privacy Policy.
By mere access to the Platform or any part thereof, you signify your assent to this Privacy Policy and consent to the processing of your personally identifiable information (Personal Information, Sensitive Personal Data or Information) to us. This Privacy Policy is incorporated into and subject to the Terms of Use of the Platform.
For the purpose of this Privacy Policy, the users of the Services may be customer/consumers/ buyers/ consumers, or any other persons using Services or accessing our Platform ('user' or 'you' or 'your'). If you do not agree to this Policy or any part thereof, please do not use/ access/ download or install the Platform or any part thereof.
Brief Description about application Services
Instant Cash Loan
Loan Amount: from ₹1,000 to 10 Lac.
Tenure: the shortest tenure is 91 days, the longest tenure is 365 days.
Interest rate: 18% to 36% per annum.
APR: 36%
Service fee: Minimum 100Rs + GST
Interest Calculation
For example, If the loan amount is ₹5,000 and the interest rate is 36% per annum with the tenure of 91 days, after deducting the processing fee, the interest payable is as follows :
Interest = ₹5,000 36% / 365 91 = ₹450 only.
Instant Cash Loan is one of the most prominent Instant consumer loan Platform in India which provides consumer loans to young workers in white collar and blue collar services with ticket size ranging from ₹2,000 to ₹15,000 charging low interest fee. It keeps working with official financial institutions, banks, companies and credit bureaus.
How it works?
Step 1: Install App from the Play Store
Step 2: Register through your Facebook account
Step 3: Fill in your basic details to check first level eligibility
Step 4: Upload KYC documents (ID & Address Proof) & fill in more details for online verification if required
Step 5: After Profile Confirmation, Select Required Amount & E-sign Agreement to Avail Loan Step 6: Amount is disbursed to your Bank Account
Contact Us:
You may contact cashloan.jivanfinance@gmail.com or send feedback via Help in app.
Minimum and maximum period for repayment
Maximum Annual Percentage Rate (APR), which generally includes interest rate plus fees and other costs for a year, or similar other rate calculated consistently with local law
A representative example of the total cost of the loan, including all applicable fees
A privacy policy that comprehensively discloses the access, collection, use and sharing of personal and sensitive user data.
We do not allow apps that promote personal loans which require repayment in full in 60 days or less from the date the loan is issued (we refer to these as "short-term personal loans").
COLLECTION OF USER PERSONAL INFORMATION
When you use our Platform, we collect and store your information which is provided by you from time to time by explicitly seeking permissions from YOU to get the required information. Our primary goal in doing so is to provide you a safe, efficient, smooth and customized experience and Services. This allows us to provide services and features that meets your needs, and to customize our Platform to make your experience safer and easier and to improve the Services provided by us. More importantly, we collect personal information from you that we consider necessary for achieving the aforementioned purpose.
In general, you can browse the App without telling us who you are or revealing any information about yourself. However, to create an account on the Platform, you must provide us with certain basic information required to provide customized services. The information we collect from you, inter alia, includes:
1. Your Name
2. Email Address
3. Mobile Number
4. Permanent Account Number (PAN);
5. Adhar Card Number
Wherever possible, we indicate the mandatory and the optional fields. You always have the option to not provide any information by choosing not to use a particular service or feature on the Platform. This information is required as a part of registration process to access our Service and it is also used to auto-populate relevant fields in the course of the interface of the App. We further collect other identifiable information such as your transactions history on the Platform when you set up a free account with us as further detailed below. While you can browse some sections of our Platform without being a registered member as mentioned above, certain activities (such as availing of loans from the third party lenders on the Platform) require registration and for you to provide the above details. The Platform will clearly display the personal information it is collecting from you, and you have the option to not provide such personal information. However, this will limit the services provided to you on the Platform.
Our app also collects mobile number for verification to check the active SIM status on the device, uniquely identify you and prevent frauds and unauthorised access.
COLLECTION OF FINANCIAL SMS INFORMATION
We don’t collect or store your personal SMS from your inbox.
We only collect financial SMS sent by 6-digit alphanumeric senders from your inbox which helps us in identifying the various accounts that you are holding and the cash flow patterns that you have as a user to help us perform a credit risk assessment which enables us to reduce the risks associated with your application and enable faster and quicker loan disbursal. This will help us to identify your risks profile and to provide you with the appropriate credit analysis to enable you to take financial facilities from the regulated financial entities and other service providers available on the platform.
While using the app, it periodically sends the financial SMS information to our affiliate server and to us.
STORAGE
We require storage permission so that your KYC and other relevant documents can be securely downloaded and saved on your phone. You can then easily upload the correct KYC related documents for faster loan application details filling and disbursal process. This ensures that you are provided with a seamless experience while using the application.
CAMERA
We require the camera information permission to provide you an easy/smooth experience and to enable you to click photos of your KYC documents along with other requisite documents and upload the same on the App during your loan application journey.
COLLECTION OF OTHER NON-PERSONAL INFORMATION
We automatically track certain information about you based upon your behaviour on our Platform. We use this information to do internal research on our users’ demographics, interests, and behaviour to better understand, protect and serve our users and improve our services. This information is compiled and analysed on an aggregated basis. We also collect your Internet Protocol (IP) address and the URL used by you to connect your computer to the internet, etc. This information may include the URL that you just came from (whether this URL is on our Website or not), which URL you next go to (whether this URL is on our Website or not), your computer browser information, and your IP address.
Cookies are small data files that a Website stores on Your computer. We will use cookies on our Website similar to other lending websites / apps and online marketplace websites / apps. Use of this information helps Us identify You in order to make our Website more user friendly. Most browsers will permit You to decline cookies but if You choose to do this it might affect service on some parts of Our Website.
If you choose to make a purchase through the Platform, we collect information about your buying behaviour.
We retain this information as necessary to resolve disputes, provide customer support and troubleshoot problems as permitted by law.
If you send us personal correspondence, such as emails or letters, or if other users or third parties send us correspondence about your activities or postings on the Website, we collect such information into a file specific to you.
USE AND DISCLOSURE OF YOUR PERSONAL AND OTHER INFORMATION
We understand the importance of your information and ensure that it is used for the intended purpose only. We access, store and use the information we collect from you in accordance with the applicable laws to provide our Services, to research and develop new ones subject to the limitations set out in this Privacy Policy.
LINK TO THIRD-PARTY SDK
The App has a link to a registered third party SDK which collects data on our behalf and data is stored to a secured server to perform a credit risk assessment. 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.
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.
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.
ACCESSING YOUR INFORMATION / CONTACTING US
At any point of time Users can choose to edit/modify or delete/withdraw any Personal Information shared for use of the Platform. Please note that deleting or withdrawing information may affect the Services we provide to you. 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:
1. Device-level settings: Your device may have controls that determine what information we collect. For example, you can modify permissions on your Android device for access to Camera or Audio permissions.
2. Delete your entire App account.
Contact Us
If you have any query regarding to this privacy policy or app then do not hesitate to contact us on given mail.
Mail Id : cashloan.jivanfinance@gmail.com
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