Privacy Policy
Your confidence in choosing SHYAMKAMAL INVESTMENTS LIMITED's Shyam Credit is highly valued by us, and we take our responsibility to safeguard your personal information very seriously. This Privacy Policy provides detailed insights into the protocols we follow to collect, employ, secure, and divulge your personal data.
In this text, “we” and “our” encompass both SHYAMKAMAL INVESTMENTS LIMITED and Shyam Credit as a single entity.
This policy serves to elucidate the manner in which we handle personal information within mobile applications. We encourage you to meticulously peruse this document to grasp our methods of managing your personal data.
1. Loan Provider Profile:
Provider Name: SHYAMKAMAL INVESTMENTS LIMITED
CIN: L65990MH1982PLC028554
Customer Support Email:
Financial License: No. 14·06627, issued by Reserve Bank of India
Address: 8 Sai Complex Wing B, Kandarpada 44 D P Rd Dahisar, West Mumbai, Maharashtra, 400068 India
2. Revising Our Privacy Commitment
To accurately represent our data management practices and legal compliance, we may make revisions to this privacy agreement as needed. Significant changes will be communicated to you via established notification means to maintain transparency and trust.
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. 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.
5. Consent for Data Collection and Use
Applicants desiring to secure a full loan through our app must agree to allow the following permissions on their devices:
Camera Usage: Authorization for the app to access the camera for taking photos or recording videos is essential. This facilitates the verification of applicant identity, a critical step in preventing financial deceit.
Geolocation Access: Granting the app permission to access your location is required to confirm service availability in your region. Service provision is limited to specific geographical locations, and verification ensures compliance.
Access to Contacts: The app's access to your address book is necessary for conducting checks on your contacts. This includes ensuring the numbers meet the legal standards in India and identifying any sequential numbers to avert financial fraud and lessen credit risks.
Please be aware that all data gathered during this process will be expungedly removed from our systems following the evaluation of loan qualification, with no long-term data storage.
6. Personal Information Protection Initiatives
Protecting your personal data is of critical importance to us. To this end, we utilize both technological solutions and managerial protocols to secure the safety, integrity, and privacy of your personal information.
Your personal data is safeguarded using state-of-the-art encryption techniques.
We maintain strict control over who can access personal information, carefully managing their access privileges.
Our team regularly performs security audits and upgrades on our personal data storage systems.
We've instituted a comprehensive privacy protection system and ensure our employees receive ongoing training to maintain a high level of expertise in data protection.
7. Management of Personal Information Sharing and Transfer
We place the utmost importance on the privacy and security of your personal information. It is our policy not to sell, trade, or otherwise share your personal data with third parties without your prior consent, except as may be necessitated by law or regulation. In instances where the sharing or transfer of personal information is required, we commit to strictly adhering to the laws and regulations as well as the provisions of this Privacy Policy.
We will undertake reasonable precautions to ensure the protection of your personal information's security during such activities.
8. Inquiries and Feedback
Should you have any questions, feedback, or concerns about this Privacy Agreement or how we handle your personal data, please do not hesitate to contact us via:
The Name of Company: SHYAMKAMAL INVESTMENTS LIMITED
CIN: L65990MH1982PLC028554
Email:
Postal Address: 8 Sai Complex Wing B, Kandarpada 44 D P Rd Dahisar, West Mumbai, Maharashtra, 400068 India
We pledge to address your concerns swiftly and effectively.
Prior to accessing our products and services, we ask that you carefully read and understand this Privacy Agreement. For any questions or uncertainties you may encounter, our support team is always on hand to provide assistance.
