Privacy Policy

*Last Updated: August 23, 2024*

Welcome to the ‘Leny Loan’ application (the ‘Application’). Leny Loan is owned and operated by LENG YUE TECHNOLOGY NETWORK LTD

This Privacy Policy is designed to explain how we collect, use, share and protect your personal information. Your privacy and data security are important to us. Please read the following carefully to understand how we handle your information.

1. Who we are

Company name: LENG YUE TECHNOLOGY NETWORK LTD

Company Address: 59, Broad Street, Lagos Island, Lagos State, Nigeria

Email: support@lenyloan.com.

2. Contact Information

The application allows you to set up emergency contact numbers during the loan application process. Additionally, we upload and store your contact list and address book data, including authorized contacts, to assist in credit analysis.

3. Use of the Application

Credit requests are processed exclusively through our mobile application. By using the app, you agree to this policy and our terms and conditions. If you disagree, please do not use the app.

4. Mobile Device Data Collection

We collect authorized device information such as name, model, and operating system for security, fraud prevention, and advertising purposes.

5. Location Tracking

With your consent, we monitor the device’s location for credit analysis, security, and advertising purposes.

6. Access to Storage and Camera

To complete the credit request and verify your identity, we request access to your device’s storage and camera.

7. Purpose of Data Collection

We collect facial data for features such as identity verification and to provide a personalized experience.

8. Consent and Authorization

We clearly outline the need for facial data collection before you begin using the application.

9. Use of Data

Facial data is used solely for the functions and services provided by the application.

Data Security Measures

We take reasonable technical and organisational measures to protect your information, including:

Encryption: Encrypting sensitive data to protect information during transmission.We protect facial data using encryption and restricted access protocols.

Access Control: Restricting access to your personal information to authorised employees and partners.

Data Backup: Regularly back up your data to prevent data loss.

11. Data Sharing

Facial data is not shared with third parties without your explicit consent, except with partners or service providers as necessary.

We may share your information with the following third parties:

- Loan Providers: Sharing your loan application information with our partners to complete loan approvals and disbursements.

- Service Providers: such as data storage, payment processing and technical support service providers.

- Legal Requirements: We may disclose your information when required to do so by law or as necessary to comply with legal process.

12. Data Retention

Facial data is retained only as long as needed to provide the service.

13. Application and Service Information

We collect information about installed applications and usagefor cred it risk assessment and service improvement.

14. Data Protection

Your personal data is safeguarded through appropriate technical, administrative, and physical measures.

15. User Rights

You have the right to access, correct, delete, and object to the processing of your data. To exercise these rights, please contact us at support@lenyloan.com.

16. Data Transfers

Your data may be transferred to companies within corporate group for operational and credit administration purposes.

17. Cookies and Technologies

We use cookies and similar technologies to gather information about your activity on our electronic media and services.

18. Data Retention and Deletion

We retain data to comply with legal obligations and to prevent fraudulent or illegal activities.

19. Protection of User Information

We use industry-standard security measures to protect your information and report any security incidents as they occur.

20. Children's Privacy

Our services are not intended for individuals under 18, and we do not intentionally collect personal information from children.

21. Policy Changes

Any updates to this policy will be communicated through our website and mobile applications.

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- Email: support@lenyloan.com

- Customer Service Hours: Monday to Sunday, 9:00 AM to 6:00 PM

- Company: LENG YUE TECHNOLOGY NETWORK LTD

- Address: 59 , BROAD STREET, LAGOS ISLAND, LAGOS STATE, NIGERIA

- Website: https://www.lenyloan.com