Privacy Policy for Shopfins
At Shopfins, our commitment to excellence extends beyond just the range of financial services we provide. As a premier financial institution, we offer personal loans, home loans, business loans, car loans, and insurance, and our top priority is always the privacy and security of our customers and website users. That's why we are proud to announce that we will now facilitate loans from leading banks and NBFCs, providing even more options for our clients. Before using our services, we encourage all of our customers to carefully review this Privacy Policy, which outlines the process by which we collect, use, disclose, and protect your personal information.
Information We Collect
We may collect the following types of information about you:
- Personal Information : We collect personal information that can be used to identify you, such as your name, date of birth, address, phone number, email address, and government-issued identification number. This information is collected when you apply for a loan, sign up for an account, or otherwise interact with our services.
- Financial Information : We collect financial information, such as your bank account number, credit score, and income information, in order to process loan applications and evaluate your creditworthiness. This information is also used to verify your identity and to help us make informed lending decisions.
- Information from Third-Party Sources : We may collect information from third-party sources, such as credit reporting agencies, to verify the information you provide us and to help us make informed lending decisions. This information may include your credit history, credit score, and other financial information.
- Usage Information : We collect information about how you use our services, including your transactions and activities on our website, IP address, and device information. This information is used to improve our services and to better understand how our users interact with our website and services.
- Insurance Information : If you purchase insurance from us, we may collect information about your coverage, premium payments, and claims history.
How We Use Your Information
We use the information we collect about you for the following purposes:
- To process loan applications : We use your personal, financial, and usage information to process your loan application and to determine your creditworthiness.
- To verify your identity : We use your personal information to verify your identity and to ensure that you are who you say you are.
- To provide customer service : We use your personal and financial information to respond to your inquiries and to provide you with customer support.
- To improve our services : We use your usage information to improve our services and to better understand how our users interact with our website and services.
- To underwrite insurance policies : If you purchase insurance from us, we may use your personal, financial, and usage information to underwrite your policy and to determine your insurance premium.
- To comply with legal requirements : We may use your information to comply with legal requirements, such as anti-money laundering regulations.
Disclosure of Your Information
We do not sell or rent your personal information to third parties for marketing purposes. However, we may share your information with the following types of third parties for the purposes described in this Privacy Policy:
- TService Providers : We may share your information with service providers that perform services on our behalf, such as credit reporting agencies, loan processing companies, insurance underwriters, and customer service providers.
- Legal Entities : We may disclose your information to government agencies or other legal entities if required by law or if we have a good faith belief that such disclosure is necessary to comply with a legal obligation, to prevent or investigate fraud or other illegal activities, or to enforce our Terms of Use.
- Affiliates : We may share your information with our affiliates for the purposes described in this Privacy Policy.
Contact Info
Plot no 46, 4th floor, 1-10, 68/8, Chikoti Gardens,
Prakash Nagar, Begumpet,
Hyderabad, Telangana 500016.
info@shopfins.com
Email Id: info@shopfins.comIf you have questions, concerns, or suggestions regarding our Privacy Policy, we can be reached using the contact information on our Contact Us page or at info@shopfins.com
