Here's how we protect your data and respect your privacy.
You will be asked to provide certain information when you apply for this loan. This information is used for verification purposes and the handling of such information will be governed by this Terms and Conditions.
For ease of understanding, “you”, “your”, “Customer” and “Borrower” mean the person who applied for this loan facility and agrees to this Terms and Conditions, while “Fewchore Finance”, “we”, “us”, “our”, “Bank”, “Company” and “Lender” shall mean Fewchore Finance Company Limited, and following an assignment, any person, company or bank to whom the rights and/or obligations of the Lender have been assigned.
You have the right to seek independent legal counsel in order to fully understand the implications and potential consequences of agreeing to this Terms and Conditions prior to ticking the “I agree to the Terms and Conditions” box. By ticking the “I agree to the Terms and Conditions” box,, you indicate that you have read, understood and agreed to be bound by this Terms and Conditions (as may be amended, supplemented and varied from time to time).
From time to time updates to the App may be issued to you. Depending on the update, you may not be able to use the Services until you have downloaded the latest version of the App and accepted any new terms and conditions.
For the purposes of this Agreement, unless the context requires otherwise:
In consideration of you agreeing to abide by this Terms and Conditions, we grant you a non-transferable, non-exclusive license to use the App on your device. We reserve all other rights. Except as expressly set out in this Terms and Conditions or as permitted by any local law, you agree:
At our request, you will be required to provide us with latest financial statements, contingent liability details and any other reasonable information relating to you or your financial affairs. You hereby also consent to us requesting your Employer to confirm and or provide relevant information to us as well as any other information which we may require hereunder.
An Event of Default in terms of this Terms and Conditions will occur if:
If you default in your obligations under this Agreement, we will be entitled to do the following:
The default interest rate:
We hereby agree to act upon this electronic application, as provided by you, for loan facilities with us and you hereby irrevocably and unconditionally agree that this Terms and Conditions shall be binding and enforceable against you.
Please read the following carefully to understand our views and practices regarding your Personal Information and how we will treat it.
Such consent can be withdrawn at any time, provided always that such withdrawal will not affect the legality and binding effect of the processing of your personal information before the consent given was withdrawn.
We collect certain Personal Information about you in various forms. The Personal Information which we collect may be provided by you directly (for example, when you open an Account to use the Service via the App, or you otherwise provide Personal Information to us in a form on our app or website) or by third parties (including but not limited to your employer, providers of “Know-Your-Client” and anti-money laundering services, background check providers, your banks and financial institutions, credit rating and reference providers etc.), or collected by corresponding with us via email or chat, or be collected automatically when you use the App. We may collect information in various forms and for various purposes (including purposes permitted under Applicable Law).
Information obtained from you or from your Mobile Device directly:
Information collected whenever you use the App:
Collection of Location
We collect your geo-location information when the App is running in the foreground. We endeavor to cease collection of your geo-location information when the App is in the background, but such information may still be collected unintentionally. You can always choose to disable the geo-location tracking information on your Mobile Device temporarily. However, this may affect the functionalities available on the App.
Collection of Financial SMS Information
Collection of Contact List
Collection of Installed Applications
We collect a list of the installed applications metadata information which includes the application name, package name, installed time, updated time, version name and version code of each installed application on your device to assess your credit worthiness and enrich your profile with pre-approved customized loan offers only for the purpose of this service and undertake not to disclose the information to a third party without your prior consent.
We require the storage information permission that allows the App to enable you to upload photos and/or documents to complete the application form during your loan application journey.
We require the camera information permission to provide you an easy/smooth experience and to enable you to click photos of your KYC documents along with other requisite documents and upload the same on the App during your loan application journey.
Media, Photos and Files
We require the media, photos, and files permission that allows the App to enable you to upload photos or documents to complete the application form during your loan application journey.
To better understand your identity and ensure that your users meet their credit needs. Therefore, before you submit your application, we need your authorization to collect "Contact" and "SMS" Information, and upload them to Fewchore Mobile and other credit rating and reference platforms. We are committed to using secure data transfer protocol to encrypt data and ensure the security of information. Please feel free to use. If you do not agree, please log out and uninstall the Application.
Information collected from Third Parties
Information about Third Parties you provide to us
You may provide us with Personal Information relating to other third-party individuals (such as Personal Information relating to your spouse, family members, friends and emergency contact). You will of course need their consent to do so–see Section 12 “Acknowledgement and Consent”, below, for further information.