Personal Data Collection and Disclosure Policy
1. Introduction
Knight Loan ("Company," "We," or "Us") is committed to safeguarding the personal data of our customers ("Customer," "You"). This Personal Data Collection and Disclosure Policy outlines how we collect, use, protect, and disclose your personal information in connection with our services provided through our website and the Knight Loan App.
2. Types of Personal Data We Collect
We collect various types of personal data to provide and enhance our services, including but not limited to:
Personal Identification Information:
Full name
Date of birth
Residential address
Contact information ( phone number)
Financial Information:
Bank account details
Credit score and credit history
Transaction records
Device Information:
Device type and model
Operating system and version
IMEI number, IMSI number, MAC address, serial number, Android ID
Screen size and hardware specifications
SMS Data:
SMS messages related to your financial transactions
Account Credentials:
Username and password (secured and encrypted)
3. How We Collect Personal Data
We collect personal data through the following methods:
Direct Collection:
Information you provide when registering an account, applying for a loan, or using our services.
Automated Collection:
Data collected automatically when you use our App, such as device information and usage patterns.
Third-Party Sources:
Information from credit bureaus, banks, mobile network providers, employers, and other partners to verify your identity and assess creditworthiness.
4. Purpose of Personal Data Collection
We use your personal data for the following purposes:
Service Provision:
To process and manage your loan applications and disbursements.
Identity Verification:
To verify your identity and assess your creditworthiness.
Account Management:
To administer and manage your account, including login authentication and security measures.
Communication:
To send you updates, notifications, and information related to our services.
Compliance:
To comply with legal obligations, including anti-money laundering (AML) and "know-your-customer" (KYC) regulations.
Improvement of Services:
To analyze usage data and improve our App and services.
Marketing:
To send you marketing communications, promotions, and special offers (with your consent).
5. Disclosure of Personal Data
We may disclose your personal data in the following circumstances:
To Service Providers and Partners:
Third-party vendors, affiliates, and partners who assist us in operating our business and providing services to you. These entities are contractually obligated to protect your data.
Legal Requirements:
When required by law, regulation, or legal process, such as responding to subpoenas or court orders.
Protection of Rights:
To protect the rights, property, or safety of Knight Loan, our customers, or others, including in response to legal claims.
Aggregated and Anonymized Data:
We may share aggregated or anonymized data that does not identify you personally for analytical or statistical purposes.
6. Data Security
We implement robust security measures to protect your personal data from unauthorized access, alteration, disclosure, or destruction. These measures include:
Encryption:
Your data is encrypted during transmission and storage to ensure its confidentiality and integrity.
Access Controls:
Restricting access to personal data to authorized personnel only.
Regular Audits:
Conducting regular security assessments and audits to identify and mitigate potential vulnerabilities.
7. Data Retention
We retain your personal data for as long as necessary to fulfill the purposes outlined in this policy, comply with legal obligations, resolve disputes, and enforce our agreements. Specifically:
Transactional Data:
Retained for a minimum of seven (7) years following the relevant transaction or termination of your account, in compliance with the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA).
Anonymized Data:
Anonymized data may be retained indefinitely for legitimate business purposes.
8. Your Rights
Withdraw your consent for data processing at any time, without affecting the legality of prior processing.
To exercise these rights, please contact our Customer Service through the provided channels. We aim to respond to all legitimate requests within one (1) month.
9. Changes to This Policy
We may update this Personal Data Collection and Disclosure Policy from time to time to reflect changes in our practices or legal requirements. The updated policy will be posted on our website and within the App, with the effective date revised accordingly. We encourage you to review this policy periodically to stay informed about how we handle your personal data.