This Privacy Policy ("Policy") outlines how ASNAR INNOVATIVE TECHNOLOGY PRIVATE LIMITED ("we", "us", or "our") collects, uses, discloses, and safeguards your personal and financial data when you use the Loan Asnar mobile application ("App"). By using this App, you agree to the data handling practices described herein.
Important: We work in partnership with Khyati Finseck Private Limited, a registered NBFC under the Reserve Bank of India, for loan services. While we provide the technology platform, all credit decisions and disbursements are handled solely by the NBFC.
a. Basic Identification and Contact Data
Full name, date of birth, gender
Mobile number and email address
Official identification numbers (e.g., PAN, Aadhaar)
Photograph or selfie for identity verification
b. Financial Background and Work Details
Bank details such as account number and IFSC
Proof of income like salary slips or employment letters
Credit report information from approved bureaus
c. Device and Technical Interaction Data
Device model, OS version, IP address, device identifiers;
d. External Data Sources
Information from bank aggregators, credit bureaus, and KYC agencies (with consent)
To Verify Your Identity and Background
We use your personal details (such as PAN, Aadhaar, etc.) to confirm that you are who you claim to be. This step is essential to prevent identity fraud and to meet regulatory KYC (Know Your Customer) obligations.
To Review and Process Your Loan Application
Your data allows us—and our lending partner—to evaluate your eligibility for a loan. This includes assessing your financial profile, creditworthiness, and ability to repay.
To Communicate With You About Your Application
We may contact you via SMS, phone call, email, or in-app messages to share updates about your loan status, approval outcome, repayment reminders, or service-related notices.
To Ensure Risk Management and Detect Fraud
We analyze user behavior and submitted documents to identify suspicious activity, prevent misuse, and reduce the risk of defaults or financial fraud on the platform.
To Improve Our App and Customer Experience
Your usage patterns, feedback, and interaction data help us understand what features work well and what needs improvement—so we can offer you a better, more secure experience.
To Fulfill Legal and Regulatory Requirements
As part of financial services regulation, we are required by Indian law to collect and store certain data, report to authorities if necessary, and cooperate with audits or legal inquiries.
To provide you with secure and efficient loan services through the Loan Asnar App, we may share your information with the following trusted entities:
Our Lending Partner – NBFC
We share your loan-related information with Khyati Finseck Private Limited, our registered NBFC partner, so they can assess, approve, and disburse your loan.
Credit Bureaus
We may submit your personal and financial details to authorized credit bureaus (such as CIBIL or Experian) to check your credit score and evaluate your repayment history. This helps determine your loan eligibility.
Third-Party Service Providers
We work with reliable external partners to help process your application. These include:
KYC verification providers (to confirm your identity)
Analytics platforms (to detect fraud and assess credit risk)
Payment processors (to manage loan disbursements and repayments)
Government Authorities and Regulators
If required by law or regulation, we may disclose your data to government bodies, law enforcement agencies, or financial regulators.
IDFA (Apple Identifier for Advertisers): Used to monitor fraud and optimize marketing
Contact Access: Used for credit profiling and fraud detection (with prior consent)
Camera Use: For capturing documents and selfies during the KYC process
Location Data: Used to verify your place of application and prevent identity fraud
Note: We do not access or use SMS data on iOS devices.
Encryption: All your data is encrypted both when it's being transmitted over the internet and when it's stored, making it unreadable to unauthorized users.
Secure Access Controls: Only authorized users can log in to our system, and we use multi-layered login protections to prevent misuse.
Ongoing Security Monitoring: We regularly monitor the App for vulnerabilities, suspicious activity, or attempted breaches and take immediate action when needed.
Restricted Data Access: Sensitive information is only accessible to authorized personnel, based on job roles, and all access is logged and tracked.
Despite these efforts, it's important to understand that no online or mobile system can guarantee complete security. We are continuously improving our systems to minimize risks.
Remembering You: Cookies help keep you logged in and store your preferences for a smoother experience.
Understanding Usage Patterns: We analyze how users interact with the App to identify problems and improve features.
Measuring Performance: Tracking helps us see which content or features are most helpful and how well our marketing is working.
You can manage or disable cookies through your device settings or browser. However, doing so may limit certain features or affect how the App functions.
For any data-related inquiries, feedback, or complaints, you can reach our designated contact below:
Grievance Contact
ASNAR INNOVATIVE TECHNOLOGY PRIVATE LIMITED
Email: team@asnarinnotech.com
Phone: 8972240613
Address: 2nd FLOOR, PLOT NO. -4, MINARCH TOWER, SECTOR-44, Gurgaon Sector 45, Gurgaon - 122003, Haryana, India
We aim to respond to all valid requests within 30 working days.
We may amend this Policy from time to time. Any changes will be reflected within the App. Continued use of the App after updates constitutes your acceptance of the revised policy terms.