Privacy Policy

BS Loan ("we", "our", "us") is committed to protecting and respecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your personal information when you use our mobile application, website, and related services (collectively referred to as "Services").

BS Loan is developed and operated by BEAUTIFUL SECURITIES LIMITED. Loan products and related financial services are provided by DEALING BENEFICIAL FINANCIAL SERVICES PVT. LTD., a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). BEAUTIFUL SECURITIES LIMITED acts solely as a technology and information service provider and does not directly engage in lending. All loan approvals and disbursements are independently handled by DEALING BENEFICIAL FINANCIAL SERVICES PVT. LTD.

By accessing or using our Services, you agree to the collection and use of your information in accordance with this Privacy Policy, including sharing certain data with our direct lender.

Information We Collect

To provide our Services, we may collect the following types of information:

Personal Information

When you register for an account or apply for a loan, we may collect personal details such as:

• Full name
• Contact information (email, phone number)
• Address
• Date of birth
• Government-issued identification (e.g., Aadhar, PAN)
• Bank account details
• Income details
• Employment status
• Credit history and other financial information

Finance Information

How We Use Your Information

We use the information we collect for the following purposes:

• To Provide and Improve Services: To process your loan applications, communicate with you, and improve the overall user experience on the BS Loan platform.
• Loan Processing: To share your data with approved Lenders, such as DEALING BENEFICIAL FINANCIAL SERVICES PVT. LTD., for the purpose of loan review, approval, and disbursement.
• Compliance with Legal Obligations: To comply with applicable laws, regulations, and financial industry standards (including Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations).
• Customer Support: To respond to your inquiries, resolve issues, and provide customer support services.
• Marketing and Communications: To send you updates, promotional offers, and other information related to the Services, unless you opt out of receiving such communications.

Permissions and Data Usage

1. Location Permission

We request permission to access your location in order to provide loan offers that are relevant to your area, ensure compliance with regional laws, and offer a more personalized experience. Your location data will only be used while you are actively using the app and will not be tracked in the background.

2. Camera Permission

Our app requires access to your camera to assist you with submitting identification documents such as your Aadhaar and PAN cards. Additionally, the camera supports facial recognition, which is used for:

• Identity Verification: To ensure the person applying for the loan matches the identity documents submitted.
• Fraud Prevention: The system uses liveness detection, a technology that verifies if the person in front of the camera is a real person (and not a photo or video), reducing the risk of fraud during the application process.
• Faster Loan Approval: Facial recognition speeds up the verification process, helping you get approved for your loan more quickly.

Rest assured, all images collected are used solely for verification purposes and are securely stored in compliance with our privacy policies.

3. Contacts Permission

By accessing your contacts, we can improve the security and accuracy of the loan approval process, helping us verify your identity more effectively. This helps us authenticate your application, prevent fraud, and ensure a safer and faster approval process. Your contacts are used only with your permission, and we guarantee they will remain private and used solely to enhance and personalize your loan application.

4. IDFA (Advertising Identifier) Permission

We utilize your advertising identifier (IDFA) to improve the app's performance. This data is used exclusively to enhance service quality, ensuring that your privacy is always protected.

5. Facial Recognition

We use facial recognition to:

• Prevent Fraud: By performing liveness detection, we ensure that the person applying for the loan is present and actively participating in the verification process, making it harder for fraudsters to use photos or videos.
• Speed up Loan Approval: This technology allows for faster verification and processing of your loan application, ensuring a quicker and more efficient experience.

Use of Third-Party SDKs

Our app utilizes several third-party Software Development Kits (SDKs) to enhance functionality and improve user experience. These include:

• sqflite: Used for efficient local database management, allowing secure data storage and retrieval.
• Facebook SDK: Employed to support user attribution and advertising analytics, helping us track engagement and optimize advertising strategies.
• Firebase Instance ID: Manages and tracks device instances, facilitating push notifications and user analytics.
• Adjust SDK: Helps with advertising analytics and attribution tracking, optimizing ad campaigns.
• Firebase: Powers real-time database functionalities, push notifications, and analytics services.

These SDKs contribute to improving the performance, security, and personalization of our app. They also assist with data analytics, advertising optimization, and communication with users.

Ensuring Compliance of Third-Party SDKs

We are committed to ensuring that all third-party SDKs integrated into our app adhere to applicable policies and standards, including those set forth by Google Play. The steps we take to ensure compliance include:

• Regular Review and Evaluation: We continuously evaluate and review all third-party SDKs to ensure they comply with privacy and data protection regulations, such as GDPR, CCPA, and Google Play’s policies.
• Timely Updates and Security Maintenance: We regularly monitor and apply updates to third-party SDKs to reduce the risk of security vulnerabilities and compliance issues.
• Privacy and Data Protection: All third-party SDKs are subject to stringent privacy reviews. We verify that data collection, storage, and processing are in line with our privacy policy and legal obligations.
• User Consent: Features that collect user data, such as push notifications through Firebase or analytics via Facebook SDK, are only activated after obtaining explicit user consent. This is clearly communicated through our app’s privacy policy.
• Testing and Monitoring: Comprehensive automated testing is conducted to ensure that integrated SDKs function correctly and do not violate any policies.

By adopting these measures, we ensure the seamless integration of third-party SDKs while safeguarding user privacy and data security, in full compliance with all relevant policies.

Sharing Your Information

We may share your personal information in the following cases:

• With Lenders: We may share your information with our partnered Lender(s), including DEALING BENEFICIAL FINANCIAL SERVICES PVT. LTD., to process your loan application and facilitate loan approval and disbursement.
• Service Providers: We may share your information with third-party vendors or service providers who assist in the operation of our platform or provide services related to loan processing.
• Legal Requirements: We may disclose your information as required by law, such as in response to subpoenas, court orders, or legal processes, or to protect the rights, property, or safety of BS Loan, our users, or others.

Data Security

We take the security of your personal information seriously. We implement industry-standard security measures to protect your data from unauthorized access, use, or disclosure. However, please note that no method of transmission over the internet or electronic storage is 100% secure, and we cannot guarantee absolute security.

Data Retention

We retain your personal information for as long as necessary to provide the Services, comply with legal obligations, resolve disputes, and enforce our agreements. Once your information is no longer required for these purposes, we will securely delete or anonymize it.

Your Rights and Choices

• Access and Correction: You have the right to access and correct the personal information we hold about you. You can update your account details by logging into the platform or by contacting our support team.
• Deletion: You may request the deletion of your account and personal data. However, certain information may need to be retained for legal or regulatory purposes.
• Opt-Out of Communications: You may opt out of receiving promotional communications by following the unsubscribe instructions included in our emails or by contacting us directly.

Children's Privacy

Our Services are not intended for children under the age of 18. We do not knowingly collect or solicit personal information from children under 18. If we become aware that we have inadvertently collected personal information from a child under 18, we will take steps to delete such information.

Changes to This Privacy Policy

We may update this Privacy Policy from time to time. Any changes will be posted on this page, and we will update the "Effective Date" at the top of the policy. Please review this Privacy Policy periodically to stay informed about how we are protecting your information.

Contact Information

If you have any questions or concerns about this Privacy Policy or how your personal information is handled, please contact us at: