Aads Financial

Privacy Policy - Loans

Last Updated: July 26, 2024

Privacy Policy

Introduction

Welcome to AAds Financial Private Limited (“we,” “us,” “our”). We are a loan facilitator providing Business Loans, Personal Loans, Home Loans, and Car Loans through our collaboration with various private and NBFC banks. This Privacy Policy outlines how we collect, use, disclose, and protect your information when you visit our website or use our mobile application (collectively, the “Site”). By using our Site, you agree to the collection and use of information in accordance with this policy.

Information We Collect

We may collect and process the following personal information that you voluntarily provide to us through our loan application forms:

Name
Phone number
Email address
City

How We Use Your Information

We use the information we collect to:

Facilitate and process your loan applications.
to facilitate your KYC.
Communicate with you about your loan application status and related services.
Provide, operate, and maintain our services.
design and offer customized products and Services on Our Platform from time to time;
Improve, personalize, and expand our services.
send communications notifications, information regarding the products or Services requested by You or process queries and applications that You have made on Our Platform;
use Your information in order to comply with country laws and regulations;
Prevent fraud and enhance security.

We will use and retain the information for such periods as necessary to provide You the Services on the Platform, to comply with our legal obligations, to resolve disputes, and enforce the agreements entered into by You and for such other reasons as specified in Clause V below.

Sharing of Data with Third Parties

Any Personal Data that We have access to shall not be shared without Your consent, unless specified in the following cases wherein we are obliged to share:

Explicit Consent: In various processes such as submission of applications or availing of product/service offerings, We shall seek Your explicit consent to use/share Your Personal Data.
Need-to-Know Basis: In our business and operational processes, We only share the data on a “need-to-know” basis to designated personnel or partners or service providers.
Legal and Regulatory Compliance: We will share your data with competent legal, statutory, regulatory agencies, authorities, or partners/service providers acting on our behalf in the following cases:
We disclose and share Your information with the lending partners and our third-party partners for the facilitation of a loan, facility, or line of credit.
For enabling the provision of the products/services availed by You, strictly on a “need-to-know” basis and subject to applicable laws.
We will disclose the information to our third-party technology and credit partners to perform credit checks and credit analysis, like Credit Bureaus or third-party data source providers.
We will share your information under a confidentiality agreement with third parties and restrict the use of the said Information by third parties only for the purposes detailed herein. We warrant that there will be no unauthorized disclosure of your information shared with third parties.
We may disclose Your information, without prior notice, if We are under a duty to do so to comply with any legal obligation or an order from the government and/or a statutory authority, or to enforce or apply Our terms of use, or assign such information in the course of corporate divestitures, mergers, or to protect the rights, property, or safety of Us, Our users, or others. This may include exchanging information with other companies and organizations for the purposes of fraud protection and credit risk reduction.
Where it is directed or required by legal, regulatory, statutory, governmental authorities, or judiciary under any applicable laws, regulations, or judicial pronouncements through a legally obligated request.
Where it is required to verify, mitigate, or prevent fraud, or to manage risk or recover funds in accordance with applicable laws/regulations.
When You make purchases through our services, we may collect and store information about You to process your requests and automatically complete forms for future transactions, including (but not limited to) your phone number, address, email, billing information, and payment preferences. This information may be shared with third parties which assist in processing and fulfilling Your requests, including payment gateway processors, and for providing You with products/services to better serve Your needs and interests. Such sharing shall be in accordance with Your instructions and subject to appropriate confidentiality and security requirements.
We may share Your Personal Data with our group, associate, or affiliate companies to comply with regulatory requirements or restrictions applicable to Us and/or to our group, associate, or affiliate companies.
We may share your data with third parties, group companies, or affiliates for the purpose of undertaking recovery and collection activities. We may also share your information with the below-mentioned entities for them to communicate with you for the indicated purposes.

We may share your information with:

Lending Partners: To process your loan applications, we collaborate with various lenders, including:

Lenders

Piramal Finance	Lending Partner
We Rize	Lending Partner
Au Bank	Lending Partner
Bajaj Finance	Lending Partner
Punjab Housing Finance	Lending Partner
Incred Finance	Lending Partner

Usage of Your Personal Data

We use Your Personal Data in our business activities for providing and performing, among other actions, the following:

To facilitate the transactions or report on these transactions;
To undertake research and analytics for offering or improving our products / services and their security and service quality;
To share with You, updates on changes to the products / services and their terms and conditions including Site/Platform’s terms and conditions;
To take up or investigate any complaints / claims / disputes;
To respond to your queries or feedback submitted by You;
To verify your identity for us to provide products / services to You;
To enable us to provide You with selective offers and promotions, search results, location-based services;
To conduct audits and for record keeping purposes;
To carry credit checks, screenings or due diligence checks as lawfully required by Us and/or Bureaus;
To undertake financial / regulatory / management reporting, and create and maintain various risk management models;
To auto populate such third party pages basis Your click on advertisement instances on our website and Your proceeding to such pages;
To comply with the requirements of applicable laws / regulations and / or court orders / regulatory directives received by Us;

Data Security

We take the security of your personal information seriously and implement various measures to protect your data. However, no method of transmission over the Internet or electronic storage is completely secure, so we cannot guarantee absolute security.

Purging of your Personal Data

You may choose to close and/or delete Your account at any point of time by making such choice through Site/Platform. With this We will no longer provide Your data for external processing as mentioned above. However, We may retain Your Personal Data as long as the purpose for its usage exists, after which the same shall be disposed off by Us except for any record retention required as per applicable law. The provisions of various laws require Your transaction logs to be stored for longer periods post the deletion of an account. Further, in the event of the pendency of any legal, regulatory and/or statutory proceeding or receipt of any legal and / or regulatory direction to that effect, We may be required by the law of the land to retain your Personal Data for longer periods.

Storage of your Personal Data

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.

We may process, store and retain Your Personal Data on Our servers where the data centres are located, and/or on the servers of third parties having contractual relationships with Us. All data is stored in India only. We will retain your data for the period that you continue to be our customer and for such period as required to comply with any obligation under any law for the time being in force.

The information that is collected from you may be transferred to, stored and processed at any destination as permitted under applicable law. By submitting information to Us, You agree to this transfer, storing and / or processing. We will take such steps as We consider reasonably necessary to ensure that Your information is treated securely and in accordance with this Privacy Policy.

Cookie Policy

Please note that a “cookie” is a small piece of information stored by a web server on a web browser so it can be later read back from that browser. We may use cookie and tracking technology depending on the features offered. No Personal Data will be collected via cookies and other tracking technology; however, if you previously provided Personal Data, cookies may be tied to such information.

Links to other websites

Our website may contain links to other websites which are not maintained by Us. This privacy policy only applies to Us. You are requested to read the other websites’ privacy policies when visiting these websites.

Changes to This Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the updated Privacy Policy on this page. You are advised to review this Privacy Policy periodically for any changes.

Contact Us

If you have any questions or concerns about this Privacy Policy, please contact us at:

AAds Financial Services Private Limited
Email: [email protected]
Address: Offiice No. 803, 8th Floor Jaina-1 Tower District Canter Janakpuri New Delhi 110058,INDIA

Details of Associated Third Parties


Entity Name	Services Provided
PIRAMAL FINANCE LIMITED	Lending Partner
Wortgage Technologies Private Limited (We Rize)	Lending Partner
AU Financiers (India) Ltd	Lending Partner
Bajaj Finance Limited	Lending Partner
PNB Housing Finance Limited	Lending Partner
InCred Financial Services Limited	Lending Partner

Governing Law & Jurisdiction

This policy will be governed by and construed in accordance with the laws of India, and any disputes will be subject to the exclusive jurisdiction of the courts of Delhi.