SalaryDay is an advanced fintech product that offers short-term personal loans to the employed professionals. We’re a group of closely knit fintech experienced personnel who have gathered to work for a common cause – Disrupting the fintech industry with a millennial innovative product who are either new to credit or not considered by the established financial institutions for various reasons.
Through our SalaryDay app we intend to provide short-term personal loans to any eligible salaried employee post verifying the KYC, and income and employment documentation.
Updated as on 25th November 2023
1.2. At SalaryDay, we are committed to protecting your personal data and respecting your privacy. Please read the following terms of the Policy carefully to understand our practices regarding your personal data and how we will treat it. This Policy sets out the basis on which any personal data we collect from you, we collect about you, or that you provide to us, will be processed by us.
1.3. The services we offer you on or through the App are referred to as “Services“. Please note that unless specifically defined in this Policy, capitalised terms shall have the same meaning ascribed to them in our Terms and Conditions, available at ("Terms & Conditions"). Please read this Policy in consonance with the Terms.
1.4. By using all or a part of the Services, you agree and consent to the collection, storage, use, and disclosure of your personal data in accordance with this Policy.
2.1. We collect, use, store, and transfer personal data about you to provide you with, or in connection with, the Services. Such personal data includes:
2.2. Wherever required, we indicate the optional and mandatory fields. As a customer, you always have the option to not provide any information by choosing not to use a particular service or feature on the app. While you can browse some sections of our App without registering, few specific activities, such as availing of loans require registration and for you to provide the above details. The app will clearly display the personal information which is been collected from you, and you have the option to accept or deny providing such personal information. However, this will limit the services provided to you on the app.
2.3. We collect your personal data to provide you with access to the App and Services. In certain cases, we are required to collect personal data as required by law, or under the Terms. If you fail to provide us that data as and when requested by us, we will not be able to perform our obligations under the arrangement we have with you or are trying to enter into with you (for example, to provide you with features of the Services). In this case, we may have to cancel or limit your access to the Services (or part thereof).
3.1. We use different methods to collect and process personal data about you. This includes:
4.1. We will only use your personal data in accordance with the applicable law. Most commonly, we will use your personal data to provide you with the Services, or where we need to comply with a legal obligation.
4.2. You agree and acknowledge that by using our Services and creating an account on the App, you authorise us, our associate partners, and affiliates to contact you via email, phone, or otherwise. This is to ensure that you are aware of all the features of the Services and able to avail them.
4.3. In general, we use your personal data for the following purposes and activities undertaken without direct human supervision or control:
We will share Your information with only our registered third parties including our regulated financial partners for provision of Services on the App. We will share Your information with third parties only in such manner as described below:
5.2. Sharing data with technical partners:We may disclose your data / information with other technology partners to track how the user interaction with the App on our behalf.
5.3. Disclosing to Credit Bureaus:We will disclose the information to our credit partners like Credit Bureaus, to perform credit assessments which will help us in analysing credit worthiness of your profile.
5.4. Disclosing with other entities:We and our affiliates may share Your information with other business entity, in case of merger, or acquisition by that business entity, or re-organization, amalgamation, restructuring of business for continuity of business. On happening of such transaction, any business entity (or the new combined entity) receiving any such information from SalaryDay shall be bound by this Policy with respect to your information
We will share your information under a confidentiality agreement with the third parties and restrict use of the said Information by third parties only for the purposes detailed herein. We warrant that there will be no unauthorised disclosure of your information shared with third parties.
5.5. Link to third-party SDK:The App linked to a registered third-party SDK which collects data on our behalf and stores in a secured server. The data is used to perform a credit risk assessment. The stored data is protected and stored by application-level encryption. They enforce key management services to limit access to data.
Our third-party service provider employs separation of environments and segregation of duties and have strict role-based access control on a documented, authorized, need-to-use basis. We ensure that our third-party service provider takes extensive security measures in order to protect your personal information against loss, misuse or alteration of the data.
Our third-party service provider provides hosting security. They implement industry-leading anti-virus, anti-malware, intrusion prevention systems, intrusion detection systems, file integrity monitoring, and application control solutions.
By using the App, you hereby grant your consent to SalaryDay to share/disclose your Personal Information
Please note that your Aadhaar number shall never be disclosed.
In case we use or disclose your information for any purpose not specified above, we will take your explicit consent.
You hereby warrant that all personal data that you provide us with is accurate, up-to-date, and true. When you use our Services, we make best efforts to provide you with the ability to access and correct inaccurate or deficient data, subject to any legal requirements.
7.1.You agree and acknowledge that your personal data will continue to be stored and retained by us for as long as necessary to fulfil our stated purpose(s) and for a reasonable period after termination of your account on the App or access to the Services. Your data is stored in our servers which are located in India.
7.2 Your Privacy Controls: You enjoy specific controls regarding the information we collect and use:
Device-level settings: Your device may have controls that determine what information we collect. For example, you can modify permissions on your device for access to Camera or Audio permissions.
Delete the App from your device: You can delete the app from your device. By doing so, you will no longer be able to access our in-app services.
Request to delete: You are also authorised to raise a request with us to modify/edit or delete/withdraw Personal Information partially/fully, shared by you. You can do this by raising a request to our Grievance Officer, whose contact details are at the end of this page. Please note that deleting or withdrawing information may affect our Services offered to you. In case of modification, you must submit required supporting documentation for the purpose of verification by the company.
8.1. We implement appropriate security measures to protect your personal data from unauthorised access, and follow standards prescribed by applicable law, including the Information Technology Act, 2000 and rules thereunder. We implement reasonable physical, administrative and technical safeguards to help us protect your information from unauthorized access, use and disclosure. We also ensure that our registered third-party service providers protect such information from unauthorized access, use and disclosure.
8.2. Our App has stringent security measures in place to protect the loss, misuse and alteration of information under control. We use Secure Sockets Layers (SSL) based encryption, to transmit the information, which is currently the appropriate level of encryption practiced in India as per applicable law.
8.3. We aim to protect from unauthorized access, alteration, disclosure or destruction of information we hold, through various practices, such as:
8.4. Data Protection Laws: Data protection laws vary among countries. We and our affiliates or third-party service provider, maintain your information on servers located in India. We also comply with certain legal frameworks relating to the transfer of data as mentioned and required under the Information Technology Act, 2000, and rules made thereunder.
8.5. Complaints: We respond to the formal written complaints by contacting the person who made the complaint. We work with the appropriate regulatory authorities, including local data protection authorities, to resolve any complaints regarding the transfer of your data that we cannot resolve with you directly.
Our Services may, from time to time, contain services provided by or links to and from the websites of our partner networks, service providers, financial institutions, advertisers, and affiliates (“Third Party Services“). Please note that the Third-Party Services that may be accessible through our Services are governed by their own privacy policies. We do not accept any responsibility or liability for the policies or for any personal data that may be collected through such Third-Party Services. Please check their policies before you submit any personal data to such websites or use their services.
You have the authority to update any inaccuracies or outdated Personal Information you've provided. It's essential to provide accurate details to ensure uninterrupted use of our services. If any changes are made to your Personal Information, the company may request supporting documents for verification purposes.
Privacy management:You hold control over the data we gather and its utilization:
Your device settings might allow you to manage the information we access. For instance, on your Android/iOS device or Browser, you can adjust permissions to revoke previously granted access. Nevertheless, exercising these controls does not assure continued service from the Platform.
Uninstall the application from your device. Additionally, as per Clause C, you may request the removal of content from our servers.
For reporting problem: You have the right to report a security incident. You're entitled to prevent unauthorized use of your information by our personnel/agents by informing us within 10 days of learning about the intended use. You can use this right anytime by reaching out to us at firstname.lastname@example.org
You retain the right to decline specific data usage, limit disclosure to third parties, request data deletion, and revoke previously granted consent for personal data collection. However, this denial won't affect the right of Lending Partners to retain loan-related data or of non-lending service providers to hold data related to services provided to you. Moreover, if consent is denied, the Platform does not assure continued service provision and cannot be held liable if such controls are enacted.
We keep our Policy under regular review and may amend it from time to time, at our sole discretion. The terms of this Policy may change and if it does, these changes will be posted on this page and, where appropriate, notified to you by email. The new Policy may be displayed on-screen and you may be required to read and accept the changes to continue your use of the Services.
Name: Konakonla Srikanth
SalaryDay – Goyal Associates Limited.
Address: Plot no. 57, 5th Floor, Dwaraka Central, Hitech City Rd,
VIP Hills, Jaihind Enclave, Madhapur, Telangana 500081.
Email Address: email@example.com
Phone No: 8977008131
Time: Monday to Saturday – 10am to 7pm