Privacy Policy

At Paynekt, we respect your privacy and protect your data. This policy outlines how we collect, store, and carefully handle your information.

1. Information We Collect

• From the Referrer (You): We collect your legal name, active phone number, email address, and your bank account details or UPI address so we can safely process your financial referral payouts.
• From the Referred Friend (Prospect): We collect their name, contact phone number, location, and the specific type of loan they are looking for (e.g., Home, Personal, or Education Loan).

2. How We Securely Use Your Information

• Targeted Sharing: We share your referred friend’s data strictly with our verified partner banks and financial firms to help them evaluate and process the requested loan application.
• Strict No-Sale Rule: We do not sell, rent, or lease your personal information or your friend's contact information to outside marketing companies or third-party database brokers.
• Service Communications: We use your details to calculate commissions, notify you about loan progress, and answer your customer care requests.

3. Data Security and Storage

• Encryption Protocols: All data sent through ReferFriend is guarded with industry-standard encryption tools to ensure bad actors cannot intercept it.
• Data Retention: We only save personal data for as long as it is necessary to track the referral loop, finalize payouts, and follow local Indian corporate record-keeping rules.

4. Updates & Policy Changes

5. Contact and Grievance Support