Privacy Policy for FastLoan

Effective Date: February 12, 2025

Introduction
Welcome to FastLoan (“we,” “our,” or “us”). This Privacy Policy outlines how we collect, use, and protect your personal information when you use our loan services via our mobile app. We value your privacy and strive to comply with applicable privacy laws, including financial regulations in the United States and Google Play’s data policies.

1. Information We Collect
We collect the following personal information to provide our services:

  • Personal Identification: Name, date of birth, Social Security Number, government-issued ID.
  • Contact Information: Email address, phone number, mailing address.
  • Financial Data: Income details, bank account numbers, credit history, loan information.
  • Device Information: IP address, device type, operating system, and app usage data.
  • Usage Data: Interactions within the app, user preferences, browsing history.

2. How We Use Your Information
Your information is used for:

  • Processing and approving loan applications.
  • Verifying identity and assessing creditworthiness.
  • Offering customer support and improving service quality.
  • Complying with legal requirements and regulatory obligations.
  • Preventing fraud and ensuring security.
  • Communicating loan details, repayments, and service updates.

3. Loan Terms and Fees
Loan details provided in our app include:

  • Loan Amounts: $50 – $2,000
  • Interest Rates: Up to 36% Annual Percentage Rate (APR), as required by U.S. law.
  • Loan Duration: 6 months to 24 months for U.S. customers (or as specified based on the loan amount and local regulations).
  • Repayment Options: Terms up to 2 years depending on the loan. Example: A $1,000 loan with a 36% APR will have a monthly repayment of $97.30 for 12 months.

4. Sharing and Disclosure of Information
We do not sell or rent your data. We share it only with:

  • Loan partners for processing and assessments.
  • Financial institutions and credit bureaus.
  • Regulatory bodies as required by law.
  • Service providers to improve our app or offer technical support.

5. Security Measures
We use industry-standard security practices to protect your data from unauthorized access or loss. These measures include encryption, secure servers, and routine security audits.

6. Your Rights and Choices
You have the right to:

  • Access, update, or delete your personal data.
  • Opt out of marketing communications.
  • Request details on how we process your data.

7. Changes to This Privacy Policy
We may update this Privacy Policy occasionally. All changes will be posted on our app. By continuing to use our service, you accept the updated terms.

8. Contact Us
For any questions or concerns about this Privacy Policy, please reach us at:
R Digital
raclilson1@gmail.com