SK Associates (“we”, “our”, or “the Company”) values your privacy and is committed to protecting your personal information. This Privacy Policy explains how we collect, use, share, and safeguard your data when you interact with our website or avail our services.
1. Information We Collect
- Personal Information: We may collect the following types of information: Personal Information: Your name, contact details, PAN, Aadhaar (if voluntarily provided), income, bank details, etc., necessary to process loan applications.
- Credit Information: Your credit report and score for loan eligibility assessment, accessed with your consent via TransUnion CIBIL or other bureaus.
Note: We do NOT access your phone contacts, SMS, call logs, gallery, or telephony data.
2. Principles for Processing Personal Data
We handle your personal information based on the following principles:
- Lawfulness, fairness, and transparency
- Purpose limitation: Data is collected only for specific, lawful, loan-related activities
- Data minimization: Only what is necessary is collected
- Accuracy: We rely on accurate information provided by you
- Integrity & confidentiality: Data is protected using secure systems and controls
3. Legal Basis for Processing Your Data
Your personal data is processed under:
- Consent – e.g., accessing your credit report
- Contractual necessity – to process and submit your loan application
- Legal obligations – such as KYC, compliance, and reporting requirements
- Legitimate interest – fraud prevention, customer support, internal analytics
4. Accuracy and Completeness of Data
We rely on the information you provide.
You are responsible for ensuring that the data you submit is:
- Accurate
- Complete
- Up to date
You may request corrections by contacting our support or grievance team.
5. Your Rights
- You have the right to:
- Access the personal data we hold
- Request correction of inaccurate or incomplete data
- Withdraw consent (where processing is based on consent)
- Opt out of promotional or marketing communication
- Your continued use of our services after updates will be considered your acceptance of the revised policy.
6. Retention of Personal Data
We retain your information only for as long as needed for legal, regulatory, and operational purposes.
- Credit Bureau Data: Stored for up to 6 months or until no longer required
- Other Personal Data: Retained as per applicable law and then securely deleted or anonymized
7. Information Sharing
We may share your information only with:
- RBI-registered Banks and NBFCs for loan processing
- Credit bureaus, KYC verification agencies, and other service partners
- Regulatory authorities, if required under law
We do not sell, trade, or rent your personal information.
All data sharing is done securely and strictly for the purpose of your application.
8. Lending Partners
We work with multiple RBI-registered lending institutions.
Each partner may have its own terms, conditions, and privacy policies.
You are encouraged to review the respective lender’s policy before availing their services.
9. Updates to This Privacy Policy
This Privacy Policy may be updated periodically to reflect changes in:
- Legal requirements
- Our internal processes
- Industry practices
Revised policies will be posted on our website, and continued use of our services will indicate your acceptance of the updated terms.