KONSALA SUPER TECHNOLOGY PRIVATE LIMITED (“we,” “us,” or “our”) operates a mobile application named Konsala Cash (“App” or “Website”), which enables users to apply for personal loans (“Loan”) provided by partnered non-banking financial companies (NBFCs). The current lending partner is JAGTARNI FINANCE AND INVESTMENT PRIVATE LIMITED (“Lender”). The Lender has formally authorized us to gather, store, verify, and share your personal data, as required for loan processing, evaluation, and disbursal. This information is collected via the loan application form available within the App.
We are fully committed to respecting and safeguarding your privacy. This Privacy Policy explains our practices regarding the collection, handling, usage, and protection of your personal data when you use our services. We follow all applicable data protection laws and standards to ensure the confidentiality and security of your information.
Please read this Privacy Policy thoroughly to understand how your data is managed and your rights in relation to it.
For the purposes of this Privacy Policy:
“Lender” refers to JAGTARNI FINANCE AND INVESTMENT PRIVATE LIMITED, a non-banking financial company (NBFC) with whom the Company has entered into a partnership for the purpose of loan sanctioning. The Lender is responsible for evaluating, processing, approving, and disbursing loans to customers via the Platform. The Lender’s registered office is located at F-108, Prashant Vihar, NCT of Delhi, New Delhi – 110055, India.
“Company”, “we”, “us”, or “our” refers to KONSALA SUPER TECHNOLOGY PRIVATE LIMITED, a company incorporated under the Companies Act, 2013, having its registered office at 704, 7th Floor, Palm Court, Mehrauli, Sector 16, Industrial Estate, Gurgaon – 122007, Haryana, India.
Loan Amount: ₹2,000 to ₹70,000
Loan Duration: 120 to 180 days
Daily Interest Rate: From 0.06% per day
Processing Fees: 4%
Documentation Charges: 1%
GST: 18% (on processing fees + documentation charges)
Maximum APR: 21.9%
No membership charges or advance payments required
Representative Example of Loan Costs
Loan Amount: ₹20,000
Loan Duration: 180 days
Daily Interest Rate: 0.06%
1. Total Interest:
0.06% × ₹20,000 × 180 = ₹2,160
2. Processing Fees (4%): ₹800
3. Documentation Charges (1%): ₹200
4. GST (18% of ₹1,000): ₹180
5. Total Deductions: ₹800 + ₹200 + ₹180 = ₹1,180
6. Net Disbursed Amount: ₹20,000 - ₹1,180 = ₹18,820
7. Total Repayable Amount: ₹20,000 + ₹2,160 = ₹22,160
We use a variety of technical and organizational measures to ensure your personal data is kept secure. These measures include encrypted storage, secure access controls, and data protection protocols. While we strive to maintain the highest security standards, please note that we cannot guarantee absolute security.
To provide our financial services efficiently and securely, we may collect the following categories of personal information from you:
Personal Information:
Includes your name, phone number, email address, gender, postal code, and other information you provide voluntarily.
Identity Verification Data:
Such as your Aadhaar and PAN card details, and biometric information (e.g., selfie photos for facial recognition).
Credit-Related Data:
Information obtained from credit bureaus and third-party customer service providers to assess creditworthiness.
Device and App Usage Data:
Includes your advertising identifier (ADID), approximate location, and app interaction data. ADID is used solely to measure marketing performance and is never used for personal profiling or third-party tracking.
This is required for capturing images of your Aadhaar/PAN card and your selfie for digital KYC (Know Your Customer) verification. Our authorized personnel may also take screenshots of your officially verified documents during the KYC process. This data is securely stored and retained for regulatory compliance and identity verification.
With your consent, we may access transactional SMS messages sent by banks or financial institutions. This data is used solely to evaluate your recent financial activity and generate a credit profile for loan assessment and fraud prevention.
We do not read or collect personal or private SMS messages unrelated to financial activity.
Used to verify your address, prevent fraudulent activity, and offer location-based loan services or personalized offers. This information is only accessed with your permission and helps improve app security and relevance.
Allows us to send important alerts such as loan approval status, repayment reminders, and service updates. Disabling this may result in missing crucial account-related communications.
We only collect this data with your consent and in accordance with applicable laws and regulations.
We use the personal and device information you provide to deliver, improve, and customize our services in a secure and lawful manner. The primary purposes for collecting and using your information include but are not limited to:
Service Fulfillment & Credit Facilitation
To establish and verify your identity through digital KYC processes.
To perform credit profiling and risk assessment, enabling us and our authorized lending partners to determine your loan eligibility.
To process loan applications and provide the financial services you request.
To monitor, enhance, and administer our mobile app and services.
To analyze usage behavior and perform diagnostics for improving performance, stability, and user experience.
To design and offer customized loan products or financial services in collaboration with our third-party lending partners.
To suggest region-specific or user-specific offers based on preferences and usage patterns.
To send service-related notifications including loan status updates, repayment reminders, and critical alerts.
To respond to your inquiries, support requests, or submitted applications on the platform.
To manage our ongoing relationship with you and inform you about relevant products, offers, or value-added services.
To comply with applicable laws, regulations, and regulatory guidelines, including those related to anti-money laundering (AML), Know Your Customer (KYC), and data retention.
To conduct KYC and credit checks on behalf of our registered NBFC and financial partners as required by Indian regulatory bodies (e.g., RBI).
To detect, investigate, and prevent fraudulent transactions or activities.
To maintain security and integrity of our platform and protect your account information.
You have rights regarding your personal information, including:
Access: You can request access to the data we hold about you.
Correction: You may request corrections to any inaccurate or incomplete data.
Deletion: You can request the deletion of your personal information in certain cases.
Restriction: You can ask us to limit how we process your data.
We retain your personal information only for as long as necessary to fulfill the purposes outlined in this policy, or as required by applicable laws and regulations. After such period, your data will be securely deleted or anonymized.
We may use cookies to track your use of the platform. By using the app, you consent to our use of cookies.
We do not sell or rent your personal information. However, we may share it with:
Administrators for internal business purposes.
Affiliates and business partners for service provision.
Service providers, including lenders.
Legal or regulatory authorities when required.
We may also disclose personal information in case of asset transfers or business changes.
By using our platform, you agree to indemnify, defend, and hold harmless our company, its directors, employees, affiliates, and partners from and against any claims, losses, liabilities, damages, costs, or expenses (including legal fees) arising out of or related to:
Your use of the platform or services in violation of these policies or applicable laws,
Your breach of any representation, warranty, or obligation contained in this policy, or
Any misuse or unauthorized use of your account or personal information by you or any third party acting on your behalf.
Our website may contain links to external websites that are not operated by us. Please note that we are not responsible for the privacy practices or content of these third-party websites. These sites may have their own privacy policies that differ from ours. We strongly recommend that you review the privacy policies of any third-party websites you visit to understand how they collect, use, and protect your information.
We reserve the right to update or modify this privacy policy at any time. When we make significant changes to the policy, we will post the updated version on our website and revise the "Last Updated" date at the top of this page. We encourage you to review this policy periodically for any updates. By continuing to use our services after such changes are posted, you acknowledge and accept the modified terms of this privacy policy.
For any questions regarding this privacy policy, please reach out to us at:
Email: help@konsala.com