This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
SMS
We collect all your text message data, specifically, we monitor sender's name, description and transaction amount for credit risk assessment. This allows for faster and faster loan payments.
Camera
Use a camera to capture documents and/or photos required for the application and assessment process.
Locations
Collect and monitor information about device locations for risk assessment and scoring.
Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
Children's Privacy
Our Service does not address anyone under the age of 18. We do not knowingly collect personally identifiable information from anyone under the age of 18. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 18 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
Changes to this Privacy Policy
We may update our Privacy Policy from time to time. We will not prominently notify you of changes to the Privacy Policy. But you can go to the about us page to view the latest privacy agreement
Before changes become effective, we will update the "Last Updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
Service Discretion
You acknowledge that your entitlement to receive a loan from us at our sole discretion and we will not be liable in the event of your loan application being rejected or if we provide you a loan of a lesser amount.
Service Fees
We may offer you the opportunity to apply for Loans in certain amounts. However, if we accept your application and grant you a Loan We will charge a processing fee which is payable to us on top of paying back the borrowed amount (“Processing Fee”). The Processing Fee payable is stated together with the loan amount at the time you apply for each Loan. The Loan shall be credited into your FabiCash Account less deduction of the applicable Processing Fees and which deduction you hereby agree consent to.
Loan Due Date or rollover
You agree to repay the Loan by the date specified when you take the Loan (“Due Date”). If you fail to repay the Loan and Processing Fee on the Due Date, we will automatically rollover your Loan for a period of time ("Rollover Period") and charge you an additional fee ("Rollover Fee") in the amount. You must then repay the loaned amount, Processing Fee and Rollover Fee by the end of the Rollover Period. You hereby irrevocably agree that we may rollover your Loan and charge the Rollover Fee for so long as your Loan remains unpaid.
Default
If you still have not repaid the Loan amount and fees, by the end of the Rollover Period, you will be in default. You agree that any default may be shared by us to third party lending institutions and platforms within twenty (20) days of your default, or such other time period as required/permitted in terms of the law, and such report may affect your ability to borrow money with digital lending platforms in the future. Overdue amounts will be rounded up to the nearest whole Ghana Cedi. You will become responsible for all costs we or our suppliers may incur in collecting the payment in accordance with applicable law.
Recovery of Loans and Costs
You expressly agree and authorise us to debit the amount of the Loan, Processing Fee, Rollover Fee or any other applicable fees from any of your accounts, identified by you, which has your name and exclusively belongs to you as necessary for the payment due in respect of the Loan on the Due Date or, before or after the Rollover Period. You expressly agree to pay any bank charges relating to the aforesaid deduction.
Contact Us
If you have any questions about this privacy policy, you can contact us by email: support@AlphaKash.biz