Privacy Policy
As the owner, we will inform you under which terms and conditions oyescredit will process the personal data you provide to us and under our control, and the extent to which it is reasonably determined, and the form and manner in which you exercise your privacy rights, to control and protect your personal data in accordance with laws, regulations, guidelines and other applicable provisions.
Likewise, we will inform you that while processing the personal data you provide to us, we will put in place the necessary measures to comply with laws and regulations.
Since oyescredit uses automated information technology services to perform the authorization process, certain information is required from the holder.
Before obtaining the information, the information will be used for credit risk analysis; oyescredit will request and obtain the express consent of the holder based on the following information:
Personal & Phone Information
We need to collect your personal information. The information include but not limited to name, gender, photo, BVN number and other information like job infomation. The information is required as a part of registration process to access our service. Our app also collects mobile number for verification to check the active SIM status on the device, uniquely identify you and prevent frauds and unauthorised access.
We need specific information about your phone, including hardware model, system version number, unique device identifier (such as IMEl, serial number, SSAID), SIM card information (including network operator, roaming status, MNC and MCC codes), WIFI information (including MAC address). This information will help us identify the device and ensure that there is no unauthorized device on your behalf to prevent fraud. It also helps us evaluate the credit worthiness of the richness of our credit file.
Camera
We need your camera permission so that you can easily scan or take picture documents required for your loan application. These documents help to prove your real identity, which is one of the important steps of KYC.
Personal Data Collected
Personal data (“Personal Data”) that you provide to us by any means , through public access or through any other lawful source (“Personal Data”) at any time, are subject to laws and regulations benefits that may help you in this regard may include:
Personal Data:
1.Name, paternal surname, maternal surname, home address (including street, external number, internal number, neighborhood, city or mayor's office, federal entity, zip code), occupation, email address, date and place of birth, nationality, landline and/or mobile phone numbers, marital status, gender, professional and academic training, labor data (such as name, address and phone number of the company you work for, and your title), migration data, geographic location, IP address , identification and contact data, and data of the same nature and only in this category.
2.Financial and/or estate data: BVN, credit institution to which your bank account belongs, information related to bank accounts and/or transactions, information about your income, related to your Credit-related data history, and data of the same nature and only in this category
Likewise, we inform you that we do not process personal data of a sensitive nature ("Sensitive Data") for the purposes set out in this Privacy Statement.
The personal data described is collected directly through our computer applications and through electronic means or other technologies (“electronic means”).
As part of the client registration process and/or existing or past legal relationships, oyescredit may request and/or retain copies of documents that contain or relate to personal data, which will also be protected by security measures. Technically, administratively and physically, it is necessary to protect your personal data. In addition, oyescredit may collect contact lists, call and message records solely for the purpose of assessing the feasibility of providing services to holders.
oyescredit may process personally identifiable and contact data of third parties (i.e. relatives, friends or others) which constitute the data and content of this Privacy Statement and inform the above-mentioned third parties.
Transfer of Personal Data
oyescredit may disclose or transfer your personal data at the request of the competent authorities or in any case provided in articles 10 and 37 of the law without the consent of the owner of the personal data, in accordance with the law and its regulations, and in accordance with the law and/or any other situation where the regulations do not require the consent of the holder.
In addition, oyescredit may transfer your personal data to any controlling, subsidiary and/or affiliated companies operating in accordance with the same standards, processes and/or internal policies on which oyescredit operates. Some of the purposes for which your personal data may be transferred to entities of the same oyescredit group of companies are mentioned below, by way of example but not limitation:
The personal data you provide to oyescredit may be compiled and stored in oyescredit's proprietary database, which is processed only for the purposes set out in this Privacy Statement.
The credit service relies on a wider range of service providers and we do not exclude that some of your information may be transferred to third parties for processing and calculation. Data transmission will be encrypted and protected in accordance with the requirements of this agreement to ensure that no data leakage or loss occurs during transmission.
Your data may be transmitted to third parties, including through interface transmission, SDK transmission, etc. The content we share will strictly comply with the relevant data security requirements in Nigeria. oyescredit will enter into a data confidentiality agreement with the corresponding third party to keep your data safe.
Purpose of Collection of Personally Identifiable Information
oyescredit uses your personal data for the following original purposes and purposes necessary to provide the service:
(1) In order to inquire about the basic information of the user borrowing money from the applicant, we need to collect the applicant's or user's mobile phone number, citizen number, address, educational background and other basic information;
(2) In order to review the user's employment information to lend funds to the applicant, we must collect employment information such as the applicant's or user's occupation, industry, income, company name, company size, etc.;
(3) In order to prevent the applicant, that is, the user himself from being unable to communicate , it is necessary to communicate with the user through the emergency contact , and we must collect relevant emergency contact information;
(4) In order to review the user's identity information to get loans , we must collect the front and back images of the applicant's or user's ID card, proof of work and other information;
(5) In order to facilitate the approval of the user's loan application and the release of the loan amount, we need to collect the applicant's or user's receiving account information;
(6) The management, control, administration and processing of credit applications and, where appropriate, the granting of credit applications.
(7) To control, manage, execute and perform credit contracts with customers according to corresponding requirements. To administer, control and administer administrative fees (through any contact details provided in the application), extrajudicial fees and services provided by oyescredit (where applicable).
(8) To investigate changes made to customer transaction data.
(9) To fulfill business or financial obligations;
(10) To serve for customer inquiries, questions, clarifications or claims;
(11) To collect statistical data and historical records of users and customers;
(12) Creation, maintenance and training related to risk prediction models;
(13) To maintain the security of information and operations;
(14) Identity Theft Protection.
Options and methods to limit the use or disclosure of personal data
Owners may restrict the use or disclosure of their personal data by using the means enabled by oyescredit for such purposes, including
If more information is required or if there are questions about how to use the above mechanisms, holders may contact oyescredit by email to our Personal Data Office, whose data has been previously provided.
Safety Notice
This website/app is designed to protect your personal information and maintain the accuracy of your confirmation. We implement reasonable physical, administrative and technical security measures to protect your personal information from unauthorized access, use and disclosure. For example, we encrypt all sensitive personal information when we transmit such information over the Internet. We also require our registered third-party service providers to protect such information from unauthorized access, use and disclosure.
We combine the security of our products with state-of-the-art technology in multiple steps to ensure our systems to maintain strong security measures, and the overall privacy and data security design allow us to protect our systems. We strive to prevent unauthorized access, alteration, disclosure or destruction of the information we hold, including:
(1) We encrypt information to protect the privacy of your data in transit;
(2) We provide security features such as OTP verification to help protect your account;
(3) We review our information collection, storage and processing practices, including physical security measures, to prevent unauthorized access to our systems;
(4) We limit access to personal information to employees, contractors and agents who need the information to process. Anyone granted this access is bound by strict contractual confidentiality obligations and may be subject to disciplinary action or dismissal if you do not meet these obligations.
We will periodically review this Privacy Policy and ensure that we process your information in accordance with it.
Links to other websites
Our website links to other websites that may collect personally identifiable information about you. We are not responsible for the privacy practices or the content of these linked sites. In accordance with this policy, we only process the disclosure and use of the data we collect. If you visit any website through a link on our website, please be sure to review the privacy policy of each website. Their data collection practices and policies may differ from those mentioned in this Policy, and we have no control or responsibility over any of them.
Contact us
If you have any questions about this Privacy Statement or your personal information, please contact us so we can help.
Email: ragekay@oyescedit.online
Address: 88 Bode Thomasst, Surulere 101241, Lagos, Nigeria