Privacy Policy

Bankers Loanz (“we”, “our”, or “us”) values your privacy and is committed to safeguarding your personal information. This Privacy Policy outlines how we collect, use, share, and protect your data when you use our digital platforms.

Information We Collect

We may collect the following types of information:

Personal Information: Your name, contact details, PAN, Aadhaar (if voluntarily provided), income, bank details, etc., necessary to process loan applications.

Credit Information: Your credit report and score for loan eligibility assessment, accessed with your consent via TransUnion CIBIL or other bureaus.

Principles for Processing Personal Data:

We collect and process your data based on these principles: Lawfulness, fairness, and transparency.

Purpose limitation: Only for specific, lawful loan-related and compliance activities Data minimization and accuracy Integrity and confidentiality of information using appropriate security controls.

How We Process Personal Data:

Your data is collected and processed through:

Our website and secure online forms

Third-party integrations (credit bureaus, KYC providers)

Document uploads via digital and offline channels

All channels are secured with encryption and access controls.

Legal Basis for Processing:

We process your personal data based on:

Your consent (e.g., for credit report access)

Contractual necessity (e.g., to process your loan application)

Legal obligations (e.g., KYC norms, reporting to regulators)

Legitimate interest (e.g., fraud prevention, product improvement)

Accuracy and Completeness of Data:

We rely on the data provided by you. You are responsible for ensuring it is accurate and complete. You can request corrections by contacting our support or grievance redressal team.

Retention of Personal Data:

Credit Bureau data (e.g., CIBIL reports) is retained for up to 6 months or until no longer needed, whichever is earlier Other personal data is retained only as long as necessary for legal, regulatory, or operational reasons Data is securely deleted or anonymized after retention limits are met.

Information Sharing:

We may share your data only with:

RBI-registered banks and NBFCs for loan processing

Third-party service providers (e.g., for credit checks, KYC, document verification) under strict confidentiality.

Regulatory or legal authorities where required by applicable law

We do not sell your personal data. All sharing complies with applicable laws and uses secure channels.