Privacy Notice

ADITYA BIRLA FINANCIAL SHARED SERVICES LIMITED (hereinafter referred to as the "Company", "we", "us", or "our"), a private entity recognized by Reserve Bank of India, operates as a non-governmental, non-banking financial entity. We are the creators of the Koodana Credit App, a platform dedicated to providing online personal loan services. Protecting your privacy and delivering a satisfactory user experience on our Platform is a priority for us. To communicate our commitment to your privacy, we have established this Privacy Notice that details our approach to handling your personal data. This Privacy Notice is applicable exclusively to the Koodana Credit App and any related documents or communications. It provides information on our personal data handling procedures: the nature of data we gather, the methodologies of its utilization, ways for you to review and modify your data, and the options you have concerning the collection and usage of your data. We uphold the highest principles concerning data protection and privacy. Should you have inquiries or reservations about how we handle personal data, our customer support team is at your service to provide assistance.

Loan Offerings

Loan Amounts: Between Rs. 5,000 and Rs. 200,000.

*Actual due day and annual percentage rate (APR) differ in accordance with the users’ credit score.

Repayment period: ranging from 95 days to a due day within 365 days.

Annual percentage rate (APR): vary from a minimum of 1% to a maximum of 30%.

For instance, if you take a loan of Rs. 5,000 with a 1% annual percentage rate for a year,

Markup fee: (5,000 x 1% / 365) x 365 = Rs. 50

Total repayable: Rs. 5,000 principal + Rs. 50 fee = Rs. 5,050

Equated monthly installment (EMI): Rs. 5,050 divided by 12 months = Rs. 421 per month

Collection & Use of Your Personal Information

Your privacy is a priority at Koodana Credit, and we are dedicated to safeguarding your personal data. "Personal data" refers to any information that could be used to identify you personally, such as your name, address, email, phone number, contact details, or identifiers like your PAN or bank card numbers. In the course of providing our Services and during our interactions, we may gather various data types, including personal data. This information is processed for legitimate reasons, including but not limited to managing our operations, enhancing security measures, refining and personalizing our Services, distributing notifications, marketing materials, and other uses as sanctioned by the law.

Please visit our official site at https://www.koodanacredit.com/ for contact details and to review our Privacy Policy. We ensure that all personal data transmitted to our server is kept confidential and safeguarded with 512-bit SSL encryption technology.

We might collect the following categories of personal data:

• Location Information : We use this to confirm that loan applicants are within the eligible regions to qualify for a loan. This information is only gathered when our App is active in the background on your mobile device. If you choose to turn off location services, it may inhibit the full functionality of our Services.

• Camera and Photo Gallery Access : To facilitate a more efficient loan application process and to authenticate your identity, we will ask for permission to access your camera and photo library. With your consent, this feature enables you to quickly take and upload pictures of yourself (face data) and your PAN card for the Know Your Customer (KYC) procedure. Your data will be transmitted and stored on our server https://www.koodanacredit.com/ confidentially and safeguarded with 512-bit SSL encryption technology . The data will not be retained and will only be stored for as long as the review process of your loan application completes. To see more about your rights and how we handle your personal data, please read the sections below. We ensure your data will not be shared with any third parties, and it will only be reviewed in our loan verification process mechanically.

Collaboration with SDK Services

At Koodana Credit, we prioritize the integrity and management of your data and strive to understand how our customers engage with our Services. To achieve these objectives, we work in tandem with select SDK (Software Development Kit) providers.

A key partner in our operations is AppsFlyer, a tool that equips us with market insights and analytics on user interaction with our Services. For efficient and timely communication, we employ Firebase Cloud Messaging, which allows us to send instant notifications directly to your device, ensuring prompt and cost-free message delivery. Additionally, Meta plays a crucial role in tracking advertisement events for every user.

We want to assure you that when you use our App, your data is anonymized and shared with these third-party services automatically while the App is in use. The type of data shared includes but is not limited to your approximate location, application usage patterns, performance metrics, and device-specific information. All data is encrypted during transfer to maintain its confidentiality and security.

Your Rights Regarding Privacy

Your privacy rights are of utmost importance to us. We commit to obtaining your explicit consent before gathering any of your personal data. The choice is always yours regarding which personal data you share with us, and you have the liberty to withdraw consent and opt-out at any stage. Should you have any reservations about the information we collect, feel free to reach out to us for account deletion to ensure the complete removal of your personal data. You also have the power to regulate the collection of your personal data through your device’s settings or by removing the App.

Safeguarding Your Personal Information

We are deeply committed to ensuring the safety and security of user data. Our approach is rooted in the rigorous implementation of advanced security protocols, including the application of robust encryption methodologies, the deployment of secure servers, and the installation of comprehensive firewall systems. Each measure is meticulously crafted to mitigate risks and prevent unauthorized access, thereby maintaining the confidentiality and integrity of user information. Our commitment to security is dynamic, characterized by an ongoing process of assessment and enhancement of our security infrastructure. Systematic audits are conducted with regularity to identify and rectify potential vulnerabilities, ensuring our defenses are always optimized and resilient. We recognize the inherent challenges associated with digital security, users are encouraged to exercise discretion and adopt robust security practices, collaborating in our mutual endeavor to uphold data integrity and security.

Retaining & Deleting Personal Information

Your personal data will be retained by the Company only for the time necessary as described in our Privacy Policy. Should your account remain inactive for 90 days, we will remove your information from our servers. Nevertheless, we may hold on to your personal data when it is essential to meet legal duties, resolve disputes, or enforce agreements and policies.

Privacy of Minors

We place a high value on the online privacy of young individuals. Our policy ensures that we do not knowingly collect personal data from individuals under the age of 18. If there is any suspicion that such information has been gathered, please get in touch with us via email so we can promptly investigate and take necessary action.

Engaging With Our Customer Support

Your input and queries about our Privacy Policy are invaluable to us. For any questions or comments regarding our privacy procedures or this statement, please contact us at: [email protected] .

ADITYA BIRLA FINANCIAL SHARED SERVICES LIMITED

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