Data Privacy & Consent Notice

DPDPA 2023 Compliant

Nanokred - Loan Application Consent

By proceeding with this loan application and clicking "I Agree" or "Continue", you hereby provide your free, specific, informed, unconditional, and unambiguous consent to Nanokred (operated by Accredit Technologies), its regulated lending partners, and authorized service providers to collect, store, process, transmit, and verify your personal data in accordance with the Digital Personal Data Protection Act, 2023 (DPDPA), applicable RBI regulations, and other applicable laws in India.

1. Nature of Data Collected

We may collect and process the following categories of personal data, as necessary for loan evaluation and servicing:

  • Identity and KYC information (Name, DOB, PAN, Aadhaar, official identifiers)
  • Contact information (Mobile number, Email address, Residential address)
  • Financial and credit information (Income details, Bank account details, Credit bureau data, Repayment history)
  • Employment and business details (where applicable)
  • Device, technical, and behavioural data for fraud prevention, risk assessment, and security monitoring

2. Purpose of Processing

Your personal data shall be processed strictly for the following purposes:

  • Verification of identity and completion of KYC requirements
  • Evaluation of creditworthiness and loan eligibility
  • Risk assessment, underwriting, and fraud detection
  • Facilitation of loan processing, disbursement, servicing, and recovery
  • Sharing with Credit Information Companies (CICs) and authorized NBFC/lending partners
  • Compliance with applicable legal, regulatory, audit, and reporting obligations

3. Sharing and Disclosure of Data

You expressly authorize us to share your personal data, on a need-to-know basis, with:

  • RBI-registered NBFCs and regulated lending institutions (Lending Partners)
  • Credit Bureaus / Credit Information Companies (as per the Credit Information Companies Act, 2005)
  • Authorized KYC verification agencies, payment service providers, and technology service providers
  • Regulatory, statutory, or judicial authorities where required under applicable law

4. Role of Platform

Nanokred acts as a Digital Lending Platform and/or Loan Service Provider (LSP) facilitating loan origination, processing, and servicing on behalf of regulated lending partners.

The final credit approval, underwriting decision, and loan disbursement are made solely by the respective regulated NBFC or Bank.

5. Data Storage, Retention & Security

Your data is stored securely using reasonable technical and organizational safeguards in accordance with applicable law.

Data is retained only for:

  • Completion of the lending lifecycle
  • Regulatory and legal compliance
  • Audit requirements
  • Fraud prevention
  • Dispute resolution

6. Your Rights Under Applicable Law

Subject to applicable legal and regulatory requirements, you may:

  • Request access to your personal data
  • Request correction or updation of your personal data
  • Withdraw consent at any time (without affecting prior lawful processing)
  • Request grievance redressal through designated grievance channels

7. Consent Declaration

By proceeding, you confirm that:

  • You have read and understood this Privacy & Consent Notice.
  • You voluntarily consent to the processing of your personal data as described above.
  • You authorize Nanokred and its regulated lending partners to use your data for lawful lending-related purposes.
  • You acknowledge that this consent is provided in accordance with the Digital Personal Data Protection Act, 2023 (DPDPA) and applicable RBI regulations.