At MilegaLoan, we prioritize the privacy and security of your personal information. This Privacy
Policy explains how we collect, use, share, and protect the data you provide when using our
website and services. Please note that MilegaLoan is not a direct lender but an aggregator that
connects users with various third-party lenders.
By using our website and services, you agree to the practices outlined in this policy.
1. Information We Collect
a. Personal Information
To connect you with suitable lenders, we may collect personal information, including but not
limited to:
- Full name
- Contact details (email, phone number)
- Financial information (income, employment status, bank details)
- Identification information (ID number, date of birth)
This information is necessary to help lenders assess your eligibility for loans and credit card
services.
b. Non-Personal Information
We may also collect non-personal data automatically when you visit our website, such as:
- IP address
- Browser type and version
- Device information
- Pages visited, time spent on our site, and other usage statistics
2. How We Use Your Information
a. Personal Information
The personal data we collect is used to:
- Connect you with relevant third-party lenders based on your financial needs and eligibility.
- Verify your identity and financial status to match you with appropriate loan or credit
products.
- Communicate with you regarding your application, updates, or services.
- Improve the user experience by understanding your needs and preferences.
b. Non-Personal Information
We use non-personal data for:
- Improving website performance and functionality.
- Analyzing user trends to enhance the overall user experience.
3. Sharing of Information
We may share your personal information with:
- Third-Party Lenders: To help assess your loan or credit card eligibility
and provide you with tailored offers. Your data will only be shared with lenders you consent
to interact with.
- Service Providers: We may use third-party service providers for hosting,
security, and data analytics, but they are bound by strict confidentiality agreements.
- Legal Authorities: If required by law, we may disclose your information to
comply with legal processes or protect our rights and the rights of others.
Please note that once your data is shared with third-party lenders, their own privacy policies
apply. MilegaLoan is not responsible for how lenders use your information after receiving it.
4. Data Security
We take your data security seriously and implement various safeguards, including:
- Encryption: All personal information transmitted through our platform is
encrypted to prevent unauthorized access.
- Secure Storage: Data is stored in secure servers with restricted access.
- Regular Monitoring: We monitor our systems for potential vulnerabilities to
ensure your information is protected.
However, while we strive to protect your information, no method of transmission or storage is
completely secure, and we cannot guarantee absolute security.
5. Cookies and Tracking Technologies
We use cookies and similar tracking technologies to enhance your browsing experience and collect
non-personal data. These technologies help us:
- Understand user preferences.
- Track interactions with our website.
- Customize content and advertising.
You can modify your browser settings to reject cookies, but this may affect your experience on
our site.
6. Your Rights
As a user of our platform, you have the right to:
- Access: Request access to the personal information we hold about you.
- Correction: Update or correct any inaccuracies in your personal data.
- Deletion: Request the deletion of your personal data, subject to legal and contractual
obligations.
- Opt-Out: Opt out of receiving promotional communications from us.
To exercise any of these rights, please contact us at [email protected].
7. Third-Party Links
Our website may contain links to third-party websites, including lender websites. We are not
responsible for the privacy practices of these third parties. Please review their privacy
policies before providing any personal information.
8. Changes to This Policy
We may update this Privacy Policy from time to time to reflect changes in our services or
applicable laws. Any changes will be posted on this page, and we encourage you to review the
policy periodically.
9. Contact Us
If you have any questions or concerns regarding this Privacy Policy, please contact us at
[email protected].
By using MilegaLoan’s website, you agree to the collection, use, and sharing of your information
as described in this policy.
Please read the following terms and conditions carefully before applying for a personal loan or
credit card with MilegaLoan. By applying, you agree to the following terms:
1. Loan and Credit Card Eligibility
- Applicants must be at least 18 years of age and have a valid government-issued ID.
- Eligibility for personal loans and credit cards will be based on the applicant’s credit
history, income level, and financial standing, as determined by the lenders.
- Applicants must provide accurate and up-to-date information during the application process.
Any false or misleading information may result in the rejection of the application.
2. Loan Terms
- Loan amounts, interest rates, and repayment periods will be determined based on the
applicant's eligibility and financial profile.
- Repayment must be made as per the agreed-upon tenure, with options for monthly or
quarterly payments, depending on the loan agreement.
3. Credit Card Terms
- Credit card limits will be determined based on the applicant’s credit score, income, and
spending habits.
- All credit card users are responsible for making timely monthly payments. Failure to do
so may result in penalties and could impact your credit score.
- Cash advances and purchases are subject to interest rates specified in the credit card
agreement. Rates may vary based on your creditworthiness.
4. No Hidden Charges
- All charges related to personal loans and credit cards, including processing fees,
interest rates, and other applicable fees, will be clearly communicated at the time of
application.
- MilegaLoan does not impose hidden fees. Any applicable fees will be transparent and
disclosed upfront during the application process.
*It is advised to thoroughly check all the fees and charges with the lender before going
for their product.
5. Processing and Approval
- Applications for personal loans and credit cards are subject to approval based on
our internal assessment of the applicant’s creditworthiness, financial condition,
and documentation.
- Approval and disbursement of funds may take up to a specific number of working hours
after all required documentation has been verified.
- MilegaLoan and their lenders reserves the right to reject any application without
providing specific reasons for rejection.
6. Interest Rates
- Interest rates on loans and credit cards will vary based on market conditions,
credit history, and other factors assessed during the application.
- Rates are subject to change based on regulatory requirements or market conditions,
but any changes will be communicated in advance.
7. Default and Late Payments
- Failure to make timely payments as per the loan or credit card agreement will result
in late payment charges, as specified in the agreement with the lender.
8. Privacy and Data Security
- All personal and financial information provided by applicants will be securely
stored and protected in accordance with applicable data protection laws.
9. Modification of Terms
- MilegaLoan reserves the right to modify these terms and conditions at any time.
Any changes will be communicated to existing customers in advance, with the
option to accept or decline the new terms.
- Continued use of the loan or credit card services after receiving notice of
changes to terms will be considered acceptance of the new terms.
10. Governing Law
- These terms and conditions are governed by the laws of India.
11. Customer Support
- For any queries or concerns regarding your personal loan or credit card, please
contact our customer support team at [email protected].
