This Privacy Policy governs the manner in which Skyfinco collects, uses, maintains, and discloses information collected from users. We are committed to ensuring that your privacy is protected and your data is secure.
1 Information We Collect
As a financial intermediary and AMFI-registered Mutual Fund Distributor, Skyfin collects specific data to facilitate financial services:
- Identity & Documentation: To simplify the borrowing journey, we collect necessary financial documents for preliminary verification.
- Loan Application Details: Information required to evaluate loan eligibility for products such as Personal, Home, and Business loans.
- Professional Data: For executive partners and sub-DSAs, we may track performance, network leverage, and payout details.
- Asset Information: Details regarding securities (Mutual Funds, equity shares) or property used as collateral for secured loans.
2 How We Use Your Information
The information collected is used to bridge the gap between clients and lenders:
- Loan Facilitation: Identifying potential borrowers and marketing appropriate financial products.
- Consultation: Guiding clients through the evaluation of loan terms and final disbursal processes.
- Platform Operations: Providing partners with digital tools, including CRM dashboards and real-time application tracking.
- Cross-Selling: Offering a broad portfolio of investment and protection products, including insurance and mutual funds.
3 Sharing with Third Parties
To fulfill our role as a multi-lender Direct Selling Agent (DSA), we share relevant data with our financial partners:
- Banking Partners: Including HDFC Bank, ICICI Bank, State Bank of India (SBI), IDFC FIRST Bank, and Kotak Mahindra Bank.
- NBFC Partners: Including Bajaj Finserv, Tata Capital, Aditya Birla Capital, and Piramal Finance.
- Support Teams: Dedicated relationship and credit support teams who assist in navigating complex lender policies.
4 Data Security & Technology
We utilize a modern technology ecosystem to manage and protect your sensitive data:
- Automated Systems: Use of automated payout systems and digital tracking to ensure consistency, transparency, and data integrity.
- Professional Oversight: Operations are managed by a team of trained financial advisors with industry expertise, ensuring compliance with data protection standards.
5 Purpose of Processing
The primary purpose of data processing is to transition clients and partners toward financial freedom and professional autonomy. This includes:
- Improving Conversions: Enhancing lead conversion rates and customer satisfaction through seamless multi-lender access.
- Business Support: Managing short-term operational expenses for businesses via working capital loans.
- Operational Efficiency: Ensuring faster loan disbursements and consistent cash flow for all stakeholders.
