Your Loan Data Privacy
At iLoanWala, we protect your sensitive financial information with bank-level security measures.
Transparent Practices
Clear explanation of how we collect and use your loan application data
Minimal Data Collection
We only gather what's necessary for loan comparisons and applications
Bank-Level Security
Enterprise-grade encryption for all your financial information
Complete Control
You decide what to share and can delete data anytime
1. Our Commitment to Your Financial Privacy
iLoanWala understands the sensitivity of your loan application data. We implement rigorous security measures to protect your personal and financial information throughout the loan comparison and application process.
2. Information We Collect
When you use iLoanWala, we may collect: Basic identification details, financial information for loan eligibility checks, credit score (with your permission), and browsing behavior to improve our services. We never store your full banking credentials.
3. How We Use Your Data
Your information helps us: Provide accurate loan comparisons, connect you with suitable lenders, detect and prevent fraud, improve our services, and (with consent) send relevant financial offers. We never sell your data to third parties.
4. Data Security Measures
We employ multiple security layers including: AES-256 encryption for data in transit and at rest, regular security audits, strict access controls, and automatic logout for inactive sessions. Our systems are PCI DSS compliant.
5. Your Privacy Rights
You can: Access your stored data, request corrections, delete your account, opt-out of marketing, and withdraw consent for data processing. Contact our Data Protection Officer at dpo@iLoanWala.com for any privacy concerns.
6. Policy Updates
We may update this policy to reflect changes in regulations or our services. Significant changes will be notified via email or platform notifications. The 'Last Updated' date at the bottom indicates the latest revision.