Last Updated: [26/08/2025]
At LoanPath we accessible from [www.loanpath.in] and (http://www.loanpath.in) your privacy is extremely important to us. This Privacy Policy explains how we collect, use, and safeguard your information when you apply for financial products such as Personal Loan, Business Loan, Self-Employed Professional Loan, and Used Car Loan through our platform.
We operate as a Direct Selling Agent (DSA) partner of LoanMantra (Lending Partner), and therefore some of your information will be shared with LoanMantra and its associated banks/NBFCs for processing your loan applications.
By using our website or submitting your information, you agree to this Privacy Policy.
1. Information We Collect
When you interact with LoanPath, we may collect the following information:
- Personal Identification Information: Name, address, contact details, date of birth, Aadhaar, PAN, and other KYC documents.
- Financial Information: Bank details, income proof, employment/business details, credit bureau reports (CIBIL, Experian, etc.), GST (if applicable).
- Loan Application Information: Loan type, amount required, repayment capacity, collateral details (if applicable).
- Technical Data: IP address, browser type, cookies, and website usage statistics.
2. How We Use Your Information
We use your information only for legitimate business and regulatory purposes, including:
- To process and forward your **loan applications** to **LoanMantra and its partner Banks/NBFCs**.
- To conduct **creditworthiness checks** through credit bureaus.
- To comply with **RBI and regulatory guidelines**.
- To communicate with you regarding loan status, offers, and service updates.
- For fraud detection, risk management, and internal audits.
3. Sharing of Information
Your information may be shared with:
- LoanMantra (DSA Partner) for loan processing and onward submission to banks/NBFCs.
- Lending Institutions (Banks/NBFCs) for verification, approval, and disbursement of loans.
- Credit Bureaus for assessing your credit history.
- Regulatory Authorities if required under law (e.g., RBI, FIU, tax authorities).
- Third-Party Vendors/Service Providers (IT support, verification agencies) under strict confidentiality agreements.
👉 We do **not sell or trade** your personal information to unaffiliated third parties.
4. Consent
By providing your details on our website or through our representatives, you consent to:
- Collection, processing, and sharing of your data with LoanMantra and its lending partners.
- Receiving communications (SMS, calls, emails, WhatsApp) related to your loan application or similar financial services.
5. Data Security
- We implement industry-standard safeguards including *encryption, secure servers, and restricted access to protect your information. However, no electronic storage method is 100% secure, and we cannot guarantee absolute data security.
6. Data Retention
We retain your personal data only as long as necessary to:
- Complete your loan process.
- Fulfill legal/regulatory obligations.
- Maintain records for dispute resolution and audits.
7. Your Rights
As per the **Digital Personal Data Protection Act, 2023 (India)**, you may:
- Request access, correction, or deletion of your personal data (subject to regulatory retention).
- Withdraw consent for marketing communications.
- Contact us for any privacy-related concerns.
8. Cookies & Tracking
- Our website may use cookies and similar technologies to improve user experience. You may disable cookies in your browser, but certain features may not work properly.
9. Third-Party Links
- Our website may contain links to third-party sites. We are not responsible for the privacy practices or content of such external websites.
10. Changes to Privacy Policy
- We may update this Privacy Policy from time to time. Any changes will be posted on this page with a revised “Last Updated” date.
11. Contact Us
- For privacy-related queries, please reach out to us:
Website: https://loanpath.in
Email: support@loanpath.in