Privacy Policy
Last updated: May 09, 2026
1. Information We Collect
We collect information necessary to process your loan application:
- Personal identification (name, BVN, address, phone number)
- Financial information (income, bank statements, employment details)
- Device and usage data when you access our platform
2. How We Use Your Data
Your information is used to:
- Assess creditworthiness and process loan applications
- Manage your account and communicate with you
- Comply with regulatory requirements
- Prevent fraud and enhance security
3. Data Sharing
We do not sell your personal data. We may share information with:
- Credit bureaus as required by CBN regulations
- Legal authorities when required by law
- Service providers who assist in our operations
4. Data Security
We implement industry-standard security measures including encryption, secure servers, and access controls to protect your data.
5. Data Retention
We retain your data for the duration of your loan and as required by Nigerian financial regulations. After this period, data is securely deleted.
6. Your Rights
Under the Nigeria Data Protection Regulation (NDPR), you have the right to:
- Access your personal data
- Request corrections to inaccurate data
- Request deletion of your data (subject to legal requirements)
- Withdraw consent for data processing
7. Contact Our Data Protection Officer
For privacy inquiries, email: privacy@thawigmulticoncept.com.