Personal Loan Privacy Policy

INTRODUCTION

• This Privacy Policy (“Policy”) outlines Newstar Finance NBFI (“we”, or “us”) practices in relation to the storage, use, processing, and disclosure of personal data that you have chosen to share with us when you download and use our mobile application NSF.mn Finance loans: “NSF.mn” or use the services made available on https://sso.NSF.mn.mn/ (the app is referred to as the “App” and the App and the website are collectively referred to as the “Platform”).
• The services we offer you on or through the Platform are referred to as “Services”. Please note that unless specifically defined in this Policy, capitalized terms shall have the same meaning ascribed to them in our Terms and Conditions, available at Mobile App (“Terms” & Conditions agreed). Please read this Policy in consonance with the Terms and conditions.
• At Newstar Finance NBFI, we are committed to protecting your personal data and respecting your privacy. Please read the following 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 the personal data we collect from you, we collect about you, or that you provide to us, will be processed by us.
• By providing us with the consent to process your personal data, you acknowledge that we will collect, store, use, and disclose your personal data in accordance with this Policy.

THE DATA WE COLLECT

What information do we collect?

We collect personal information from you when you apply for a loan, use our website or mobile app, or contact us for customer support. This information may include your:

• Name
• Address
• Date of birth
• Contact information (phone number and email address)
• Employment information
• Salary income
• Credit history

Identity and profile-related data

This includes your first and last name, parents’ name, date of birth, gender, photographs, educational qualifications and background, purpose of loan, employment status, company name, and marital status.

How do we use your information?

We use your personal information to:

• Process your loan application
• Provide you with our digital loaning services
• Communicate with you about your loan account
• Prevent fraud and detect suspicious activity
• Improve our services and products

How do we share your information?

We may share your personal information with the following third parties:

• Credit bureaus
• Loan servicers
• Fraud prevention companies
• Other financial institutions (if you have authorized us to do so)

We will not share your personal information with any third parties for marketing purposes without your consent.

How do we protect your information?

We use a variety of security measures to protect your personal information from unauthorized access, use, or disclosure. These measures include:

• Encrypting your personal information in transit and at rest
• Using firewalls and other security technologies to protect our systems from unauthorized access
• Regularly reviewing our security policies and procedures

Your choices

You have the right to:

• Access your personal information
• Correct any inaccurate personal information
• Request that we delete your personal information
• Restrict our processing of your personal information

• To exercise any of these rights, please contact us by phone number: (+976) 72003030

Changes to this Privacy Policy

We may update this Privacy Policy from time to time. If we make any material changes, we will notify you by posting a revised Privacy Policy on our website or mobile app.

Contact us

If you have any questions about this Privacy Policy, please contact us:

• By phone number: (+976) 7746-6006

Communications From Us

We may from time to time contact you via calls, SMS, emails, and other communication channels to provide you with information pertaining to our Services, notifications on updates our Services (when we consider it necessary to do so), educational information and promotions. We may also notify you if we need to temporarily suspend the App for maintenance, and keep you informed on security, privacy, or administrative-related communications. By setting up an account on NSF.mn, you consent to us contacting you via call, SMS, push notifications, or through any other communication channel, as we may deem fit.