LendingPark.in the owner and operator of LendingPark is committed to protect your privacy and the privacy of data you entrust to us. This Privacy Policy explains that commitment and how we collect, retain, and use personal information. This Privacy Policy is an addendum to the 'Privacy' head in our Terms & Conditions and applies to all our users and shall be read in conjunction with our Terms & Conditions. In case of any conflict between the Privacy head provided in the Terms & Conditions and the terms of this Privacy Policy, this Privacy Policy shall prevail. This Privacy Policy is subject to change from time-to-time. By using our services/products the user consents to adhere to the existing Privacy Policy.

What information do we collect and how is it used?

We collect personal and financial information about you when you provide it to us. For example, when you create a either a Lender/ Investor Account or a Borrower Account, we may collect your name, date of birth, tax identification number, mailing address, email address, credit card number, pan number, tan number, income tax returns, bank account number, passport details, photographs, identity proofs, date of birth proofs, signature proofs, photograph, address proof, contact proofs, bank statement, proof of income, credit card statements, statement of investments, name of business(if self-employed), type of business, financial statement of business, ITR of business, bank statements of business, total employee base of business, evidence of employee related compliances, years since incorporation of business, type of residence whether owned or rented, type of family, highest level of education, source of income, number of dependents, time at residence and current city, company name and designation, amount of loan required, purpose of loan required driving license details, personal statements, reasons for seeking finance, income sources and other information that we request during the registration process, and any information that you provide on your LendingPark.

The collected information is necessary to provide the services we offer and also assess financial stability and perform a credit assessment of the user.

There is some information that members are required to provide and other information that they provide voluntarily. Additional information may be gathered during your subsequent use of the site, whenever you choose to provide it. We also collect information about your loan account balance and payment history. This information is necessary for providing the services which we offer.

We might also collect information such as the IP addresses from which the users access our website, the browser types and the versions used, and the operating system of their computers. This information is collected to improve our website, for the improvement of our services, to help diagnose technical problems and to administer our website.

Sensitive personal data or information

For the purposes of this Privacy Policy, the information that qualifies for safeguard and protection include information pertaining to i) password; ii) financial information such as Bank account or credit card or debit card or other payment instrument details; iii) physical, physiological and mental health condition; iv) sexual orientation; v) medical record and history; vi) biometric information; vii) any detail relating to these as provided to us for availing our services; viii) any of the information received under these by us for processing, stored or processed under a lawful contract or otherwise.

Any information which is freely available or accessible in public domain or furnished under the Right to Information Act, 2005 or any other law for the time being in force shall not be regarded as sensitive personal data and will not qualify for our safeguard and protection measures.

The user, by providing us with the details (while registration etc.) shall be assumed to have expressly consented to furnish such information to us of his/her own free will and also that he/she acknowledges the fact that the data furnished shall be retained in our database for as long as it is required for the purpose for which the information has been furnished. By providing the sensitive personal information, the user also acknowledges to be aware of the purpose for which the information has been furnished and will be utilized as such.

We will not be responsible for the authenticity of the personal information or sensitive personal data or information supplied by the user to us.

Disclosure of information

We do not disclose the sensitive personal data or information provided to us, to any third party, except i) with prior permission of the user whose information is being disclosed; ii) if such disclosure is necessary for compliance of a legal obligation.

The information can only be shared by us without the prior permission of the user, on receiving a request to the effect from a Government agency.

Information provided by users may be viewed or accessed by us, our associated companies, our associates based outside India or our auditors. Our staff can also access this information for the purpose of resolving a problem, addressing a support issue, investigating a suspected violation of the Terms & Conditions, or, as may be required by law.

Our employees and any third-party intermediaries that have access to information described herein are subject to a non-disclosure agreement or policy consistent with the terms in this Privacy Statement.

We undertake that the information of the users shall be used, only for purposes related to the services provided by us and nothing else. We will stop using the information and will either terminate or return the said information, as agreed, within thirty days of the termination of the agreement between us and a user.

Whenever we obtain your personal information, we use commercially reasonable efforts to protect it from unauthorized access or disclosure. However, we are not insurers of the security of your personal information. Accordingly, we assume no liability for any disclosure of data due to errors in transmission, unauthorized third party access or other acts of third parties, or acts or omissions beyond our reasonable control.

How can you correct or update your information?

Users can update or change their information by contacting us or by following the instructions provided on our website for updating or changing the information furnished by them.

Our employees and any third-party intermediaries that have access to information described herein are subject to a non-disclosure agreement or policy consistent with the terms in this Privacy Statement.

Withdrawal Of Consent

A user can anytime withdraw his/her consent for the retention and usage of his/her personal information by us. However, the user shall then, not be eligible to avail the service/s for which the information was furnished.

Security

We are committed to having security measures in place to help protect against the loss, misuse and alteration of the data in our database. We have complied with reasonable security practices and procedures, and have a comprehensively documented information security programme and information securing policies.

We assume no liability for any disclosure of data due to errors in transmission, unauthorized third party access or other acts of third parties, or acts or omissions beyond our reasonable control.

Cookies

We use cookies, which are small files that are stored by your browser on your computer's hard drive. This information allows us to process your online transactions and requests and to help us make sure you are who you say you are after you've signed into a password-protected area of one of our websites. Cookies are required in order to use password-protected services on our website.

Third-Party Sites

The services we provide may contain links to other websites. We do not control and are not responsible for the privacy practices or the content of these other websites. Users should check the policy statement of these websites to understand their policies, because those who access a linked site or integrated third-party service may be disclosing their private information to third parties. It is the responsibility of customers and users to keep such information private and confidential.

Opt Out Policy

Except with respect to essential communications regarding the services we provide and accounts such as transaction confirmation and password change messages, we allow users to opt out of receiving e-mail messages from us. Newsletters, announcements, and other e-mail messages that we send to a group of customers or users, other than essential communications regarding the services we provide and accounts, include instructions for opting out of future similar communications. We do not send e-mail messages to users on behalf of third parties.

Grievance Officer

We shall timely address and attempt to rectify any discrepancies and grievances of our users pertaining to the sensitive personal information furnished by them. For this purpose, you can write or email us at support@lendingpark.in. We shall redress the grievances of the users furnishing the information within one (1) month from the date of receipt of the grievance.