Privacy Policy

Last Updated: May 05, 2025

1. Introduction

Radio Supply Stores Private Limited (hereinafter "we") operates the digital personal loan platform AbonorFin (hereinafter "the Platform") to deliver financial services. This policy is crafted in strict accordance with the Digital Personal Data Protection Act (2023) (DPDPA) and guidelines set by the Reserve Bank of India (RBI).

Important Note: The terms outlined here pertain to your core rights. Please read carefully.

2. Scope of Information Collection

When accessing the AbonorFin application, we may collect the following categories of personal information to elevate service quality and secure your account:

a. Directly Provided Personal Information

• Identity Details: Name, gender, date of birth, PAN ID, Aadhaar ID, and additional identifying information.
• Contact Information: Mobile number or address book data.
• Financial Information: Household income and expenditures, monthly earnings, loan records, repayment history, transaction logs, and other related financial data within the app.
• Employment Information: Job type, years of service, pay schedule, and additional employment particulars.

b. Automatically Collected Technical Data

• Approximate Location Data: GPS coordinates (used solely to confirm service eligibility within India). With your permission, we may gather approximate location data to ensure services are provided exclusively to users in India and comply with geographical restrictions.

c. Sensitive Information Requiring Authorization

• Camera Access: Facial images captured via the camera (for KYC verification). We may request access to your camera to photograph your ID or conduct facial recognition to validate identity authenticity.
• SMS Access: We require access to your SMS messages to accurately evaluate loan eligibility. By reviewing financial-related SMS records, we can streamline the loan application process and ensure seamless loan handling.

By collecting this information, we aim to offer personalized, secure services tailored to your needs. Refusal to provide certain information may impact your ability to utilize specific features or services.

3. Purpose of Information Usage

During your use of the AbonorFin application, personal information provided by you will be utilized for the following objectives:

a. Provide Personalized Services

We leverage identity, financial, and employment data to offer customized loan products and services. By analyzing income, expenses, credit history, and other metrics, we recommend loan options best suited to your requirements.

b. Identity Verification and Security Measures

By collecting camera and SMS permissions, along with device information, we conduct identity verification and anti-fraud procedures to safeguard your account and loan transactions. Facial recognition technology may be employed to match your face with your identity document.

c. Optimize Service Experience

Device information, GPS location, and other data assist us in refining app performance and delivering location-specific services. For instance, services are exclusively offered to users in India, and location data collection ensures accurate service area targeting.

d. Loan Evaluation and Review

Financial and SMS data are essential for accurately assessing loan eligibility. By accessing banking and financial SMS records, we gain insights into your financial standing and improve loan application processing and repayment arrangements.

e. Legal and Compliance Requirements

We utilize your information to fulfill legal obligations under applicable laws and regulations, such as anti-money laundering and anti-fraud measures. In the event of disputes or investigations, we may disclose your information to relevant regulatory bodies.

f. Enhance Product and Service Quality

By analyzing usage data (e.g., session duration), we continually refine product features, enhance user experience, and incorporate feedback to ensure a more convenient and efficient app experience.

Please note that your personal information will be used solely for the purposes outlined above. We pledge not to misuse your information for unauthorized purposes and will implement reasonable technical safeguards to protect your data. Disagreement with certain uses may affect your ability to access specific features or services but will not impede your use of core functionalities.

4. Data Sharing Mechanism

We undertake not to sell or rent your personal information to third parties. Information sharing may occur under the following circumstances:

• Partnerships: We may share information with partners (e.g., financial institutions, credit assessment firms) to facilitate tailored loan services. Partners are obligated to protect your privacy under the law.
• Legal Compliance: In compliance with laws and regulations, we may disclose your information to adhere to judicial processes or legal requirements.
• Business Transfers: In the event of mergers, acquisitions, or asset transfers, your personal information may be transferred to the new entity, which will adhere to this privacy policy.
• Conditions for Sharing: All third parties must sign data protection agreements and process data exclusively for the agreed-upon purposes.

5. Data Security Measures

a. Technical Protections

• AES-256 encrypted storage
• SSL/TLS transmission encryption
• Regular security audits
• Industry-standard technologies such as data encryption and access controls

b. Management Measures

• Principle of least privilege access
• Employee confidentiality agreements
• Annual privacy training

c. Storage Locations

Personal information is stored on servers located within India to ensure compliance with local laws and regulations and guarantee data security.

d. Security Assurance

We adopt industry-standard technical measures to protect your personal information from unauthorized access, disclosure, or modification. Despite these measures, inherent risks exist in internet transmission, and absolute security cannot be guaranteed.

6. User Rights Protection

Under applicable laws, you may possess the following rights in specific circumstances:

• Right to Access: You may request a copy of your personal information.
• Right to Rectify: If your information is inaccurate or incomplete, you may request corrections.
• Right to Delete: Under certain conditions, you may request the deletion of your personal information.
• Right to Withdraw Consent: You may withdraw consent for the collection and use of your personal information at any time, without affecting the legality of processing conducted prior to withdrawal.

7. Children's Privacy Protection

This application strictly prohibits use by individuals under 18 years of age. If data from children is inadvertently collected, it will be promptly deleted.

8. Policy Updates Notification

We reserve the right to modify this policy. Significant changes will be communicated via:

• In-app pop-up notifications
• Official website publication (https://www.radiosupplyloan.com/)

The updated privacy policy will take effect immediately upon publication. Continued use of the application signifies acceptance of the updated agreement.

9. Contact Information

Email: support@radiosupplyloan.com