Loanicloud.com (“we”, “us”, or “our”) respects your privacy. This page is used to inform website visitors and service users regarding our policies with the collection, use, and disclosure of Personal Information if anyone decided to use our Service.
If you choose to use the Loanicloud.com Service, then you agree to the collection and use of information in relation to this policy. The Personal Information that we collect is used for providing and improving the Service and for credit risk assessment. We will not use or share your information with anyone except as described in this Privacy Policy.
Information Collection and Use
For a better experience while using our Service and to perform the loan appraisal process, we may require you to provide us with certain personally identifiable information and grant specific access permissions. The information that we request will be retained by us and used as described below.
1. iCloud Account Information
This is the core information required to secure your loan. We will request your iCloud account login information to:
- Establish Collateral: Control of the iCloud account is used as a security measure for your repayment obligations.
- Risk Management: In the event of a breach of payment obligations, we may use this access to temporarily lock the device remotely in accordance with the agreed terms.
Our Commitment: We commit to using this information ONLY for the purpose of securing and recovering the loan. We DO NOT access your other personal data (such as photos, messages, notes, etc.) stored on iCloud.
2. Location Data
We use your location data to:
- Verify the accuracy of the address information you provide.
- Assess credit risk, which is a key factor in our appraisal model.
Our Commitment: We do not track or store your real-time location data when you are not using the Service.
3. Contacts
We request access to your contacts to:
- Help you quickly select and fill in reference contact information when applying for a loan.
- Perform credit risk assessment by analyzing and verifying the authenticity of your social network.
Our Commitment: We only collect necessary information and commit to confidentiality. We do not use this to make harassing calls to your relatives unless otherwise specified in the loan agreement.
4. Camera
We request permission to use your camera to:
- Capture portrait photos and both sides of your Identity Documents (ID Cards/Passports) for identity verification (eKYC).
- Provide facial recognition functionality to enhance the security of your loan account.
Note: All captured images are used solely for verification purposes and will be encrypted and secured according to regulations.
5. Photo Library
We request access to your photo library to:
- Allow you to upload pre-captured images of Identity Documents or related documents to complete your profile.
Our Commitment: We only access the specific images you actively choose to upload; we strictly do not access other images in your library.
6. Installed Application List
We may collect a list of applications installed on your device to:
- Analyze usage behavior to serve the credit risk assessment model.
- Ensure safety, prevent fraud, and comply with lending regulations.
Our Commitment: We anonymize this data and use it only for statistical analysis purposes; we do not disclose your personal information.
Log Data
We want to inform you that whenever you use our Service, in a case of an error in the app, we collect data and information (through third-party products) on your phone called Log Data. This Log Data may include information such as your device Internet Protocol (“IP”) address, device name, operating system version, the configuration of the app when utilizing our Service, the time and date of your use of the Service, and other statistics.
Service Providers
We may employ third-party companies and individuals due to the following reasons:
- To facilitate our Service;
- To provide the Service on our behalf;
- To perform Service-related services; or
- To assist us in analyzing how our Service is used.
We want to inform users of this Service that these third parties have access to your Personal Information. The reason is to perform the tasks assigned to them on our behalf. However, they are obligated not to disclose or use the information for any other purpose.
Security
We value your trust in providing us your Personal Information, thus we are striving to use commercially acceptable means of protecting it. But remember that no method of transmission over the internet, or method of electronic storage is 100% secure and reliable, and we cannot guarantee its absolute security.
Children’s Privacy
These Services do not address anyone under the age of 18. We do not knowingly collect personally identifiable information from children under 18. In the case we discover that a child under 18 has provided us with personal information, we immediately delete this from our servers. If you are a parent or guardian and you are aware that your child has provided us with personal information, please contact us so that we will be able to do necessary actions.
Changes to This Privacy Policy
We may update our Privacy Policy from time to time depending on system development, service changes, or new legal requirements. We will notify you of any changes by posting the new Privacy Policy on this page.
These changes are effective immediately after they are posted on this page. We advise you to review this page periodically for any changes. Your continued use of the Service after the changes take effect constitutes your acceptance and agreement to the revised Privacy Policy.
Contact Us
If you have any questions or suggestions about our Privacy Policy, do not hesitate to contact us.
- Website: https://loanicloud.com/
- Email: [email protected]
- Address: Shelton Street, Covent Garden, London, United Kingdom