This privacy policy (the "Policy") together with our Terms and Conditions as set out on the 【Borrom money】 mobile application (the"App") and any additional terms and conditions apply to your use of the App and any of the services provided by 【Borrom money】 ("we" or "us") using our App.
This Privacy Policy (Policy) sets out the modalities for the collection, use and disclosure of information collected on the Platform (as defined below). This Privacy Policy applies only to personal information collected on the Platform. This Privacy Policy does not apply to information we collect otherwise, including information collected offline. Please read this Privacy Policy carefully. By continuing to use the Services or access the Platform, you agree to this Privacy Policy. If you do not agree to this Privacy Policy, you may not be able to use the Services.
We collect your data to facilitate service to you, verify your identity and create a credit score to determine which loans are available to you. The data will be uploaded to our server. The information you provide includes:
Borrow money will request permission to read contacts on the select contacts page and order confirmation screen. After obtaining your authorization, we will obtain all your contact information, including name, mobile phone number, time of adding, and encrypt and transmit this information to our server (https://api.borrowmoneyy.com). Contact data is only used to analyze your loan eligibility and recommend suitable loan products to you, verify user authenticity and prevent fraud. It also helps you quickly fill out contact information pages. We will protect your contact data and we will not share data with third parties. If you no longer use this product, you can contact us to delete your data.
Borrow money will apply for permission to read SMS messages on the order confirmation interface, obtain all SMS messages, and encrypt and upload the SMS data (content, number, sending time) to our server (https://api.borrowmoneyy.com). The SMS listing data will help us identify the various accounts you hold and the cash flow patterns you hold, assist us in our credit risk assessment, and be able to determine your risk profile. Provides you with credit rating analysis to help you more easily access corresponding services from regulated financial entities and platforms, as well as financial services from other service providers. We strictly protect data and will never share data with third parties. If the user does not use it for a long time, the data can be requested to be deleted.
Borrow money collect and upload a list of metadata from installed apps to the server (https://api.borrowmoneyy.com), which includes app name, package name, installation of each installed app on your device time, update time, version name and version to assess your credit eligibility and enrich your profile, approved custom loan offers. We will keep this application information in our system database and will not share it with others. If you do not use it for a long time, you can request to delete the data.
We need access to your storage to ensure the smooth running of the application and to assess that there is enough storage in future updates.
We will take appropriate and feasible measures to avoid collection of personal information irrelevant to the purposes of collection and use. If we use your personal information beyond the intended purposes and the reasonable and directly related scope of use, we will further inform you and obtain your explicit consent before using your personal information.
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.
We collect and upload location information from your device to reduce the risk of your account. We will store your location information in our system database.
We collect and monitor the information about the location of your device to provide serviceability of your loan application, to reduce risk associated with your loan application and to provide pre-approved customised loan offers. This also helps us to verify the address, make a better credit risk decision and expedite know your customer (KYC) process.
Information the App collects, and its usage, depends on how you manage your privacy controls on your device. When you install the App, we store the information we collect with unique identifiers tied to the device you are using. We collect 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 your device includes the hardware model, build model, RAM, storage; unique device identifiers like IMEI, serial number, SSAID; SIM information that includes network operator, roaming state, MNC and MCC codes, WIFI information that includes MAC address and mobile network information to uniquely identify the devices and ensure that no unauthorized device acts on your behalf to prevent frauds.
We collect information about your device to provide automatic updates and additional security so that your account is not used in other people’s devices. In addition, the information provides us valuable feedback on your identity as a device holder as well as your device behaviour, thereby allowing us to improve our services and provide an enhanced customized user experience to you.
In the process of your use of this Platform, we may collect the following types of personal information.
1. Basic personal information: name, identification number, profile picture, phone number and email address
2. Work information: name of organization, department and position
3. Network identity information: account, IP address
4. Personal communication information: messages, chats, documents, calendar information uploaded, released, submitted, and sent by you
5. Contact information: phone contact list, friend list and group list
6. Personal Internet records: operations stored in logs, including history of using software, search history, click history, Cookies
7. Personal active device information: including hardware model, type and version of operating system, device screen size, device hardware serial number, MAC address, unique device identity number (IMEI, Android ID, IDFA, OpenUDID, SIM card IMSI information), time zone, language setting and installed application information(Application name).
8. Personal location information: GPS information, WLAN access point, Bluetooth, base station and other sensor information, itinerary, travel and residence information
9. Information from your interaction with our App, services, and contents, including, but not limited to, device ID, device type, unique device identifiers; geo-location information, computer, operating system and connection information, statistics on page views, IP address and standard web log information
Please note that part of the abovementioned information alone will not be sufficient to identify a specific individual. In case we combine such non-personal information with other information to identify certain natural person, or use the same in combination with personal information, then such non-personal information may be deemed as personal information during such combination, and we will anonymize and de-identify such personal information unless with your authorization or otherwise provided by laws and regulations.
• To provide and maintain the Service
• Verify your identity and contact details
• To notify you about your transactions & changes to our Service
• Contact you and update you on the performance of our Services
• Communicate with you and process your requests
• Offer surveys, promotions, and marketing communications
• Contact supplied personal references to verify accuracy of information and coordinate as to the identity and personal circumstances of the client
• To Provide funds transfer services and related services
• To provide customer care and support
• To monitor the usage of the Service
• To detect, prevent and address technical issues
• Provide electronic funds transfer services and related services
• Collection of delinquent accounts
We believe that data security is a very important thing, so we have technical, physical, management and legal mechanisms to protect your information, such as servers with high computer security measures and SSL certificates for secure connections to ensure privacy. And protect the collected personal data from damage, loss, alteration, destruction or unauthorized use, access or processing. At any time, we will not disclose, share, or transmit your personal information to third parties without your authorization.
In order to provide you with better and more personalized services, such as providing more personalized but consistent services on different server or devices, providing search recommendations, customer service or push information and other services suitable for your needs and understanding product suitability, we will collect your preference, user behavior, location and device information.
We access, store and use the information we collect from you to provide our
Services, as well as to research and develop new ones. We use personal information to provide the services you request, to customize your user experience and to improve our services. To the extent we intent to use your personal information to market any product to you, we will provide you the ability to opt-out of such uses.
The Website/App intends to protect your personal information and to maintain its accuracy as confirmed by you. We implement reasonable physical, administrative and technical safeguards to help us protect your personal information from unauthorized access, use and disclosure. For example, we encrypt all sensitive personal information when we transmit such information over the internet. We also require that our registered third party service providers protect such information from unauthorized access, use and disclosure.
We blend security at multiple steps within our products with state of the art technology to ensure our systems maintain strong security measures and the overall data and privacy security design allow us to defend our systems.
Currently, we will not transmit such information abroad and if there is cross-border data transmission, we will comply with relevant national regulations or ask for your permission.
We are highly concerned with the security of your personal information. We have established a data security system to regulate and implement relevant security technical measures in order to prevent your personal information from unauthorized access, amendment and from damage or loss of data. Our network services have adopted a transport layer security protocol and other encryption technologies to ensure the security of your data transmission in the network.
We have taken strict data processing permission control to avoid illegal use of data; we have applied various data desensitization methods such as coding and screening and other de-identification technologies to enhance the security of personal information in use; we have adopted encryption technology widely used in the industry to store your personal information and isolated it with data isolation technology, for example, we will encrypt all the information stored in our servers and your terminal devices. We have always implemented such technical measures and organizational management methods and may revise them from time to time to enhance the overall security of the system.
By using the Website/App and/ or by providing your information, you consent to the collection and use of the information you disclose on the Website in accordance with this Privacy Policy, including but not limited to your consent for collecting, using, sharing and disclosing your information as per this privacy policy. If we decide to change our privacy policy, we will post those changes on this page so that you are always aware of what information we collect, how we use it, and under what circumstances we disclose it.
We will make every reasonable effort to notify every user in case of any substantial amendments to this Privacy Policy, such as post notifications on this Platform. Please review this Privacy Policy on a regular basis in order to check such amendments. We will also update the last update date and the effective date at the top of this Privacy Policy. Your continued use and access to this Platform after the renewal of this Privacy Policy will be deemed as your acceptance of the updated Privacy Policy and otherwise please cease to use or access to this Platform.
You have certain choices regarding the information we collect and how it is used. 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.
Delete your entire App account. You can also request to remove content from our servers based on applicable law or by writing to our Grievance Officer.
Borrow money reserves 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 website. 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.
If you have any questions, concerns or dissatisfaction with this Privacy Policy, you may email us at our appeal email address: borrowmoneyc@gmail.com.