Princeps Credit Systems Limited (the Company, We or Us) has created this Privacy Policy to explain the basis on which any personal data We collect from you, or that you provide to Us, will be processed by us. Please read the following carefully to understand Our views and practices regarding your personal data and how We will treat it. By visiting https://www.princepsfinance.com (Our Site), you are accepting and consenting to the practices described in this policy. The collection and processing of your personal data is in accordance with the Nigerian Data Protection Act 2023 (NDPA) and regulations made pursuant to the NDPA, the Nigerian Data Protection Regulations 2019 (NDPR) and its Implementation Framework including guidelines made pursuant to the NDPR, any regulations or guidelines made by a specific industry regulator as it relates to data protection (Applicable Laws).
You may give Us information about you by filling out forms on Our Site https://www.princepsfinance.com and by allowing Us to access your information on social media sites (including but not limited to Facebook, Twitter and LinkedIn) or by corresponding with Us by phone, e-mail or otherwise. This includes information you provide when you register to use Our Site, apply for a loan, search for a feature (for example but not limited to, loan amounts, repayment, and loan duration), your activity levels on boards or other social media functions on the applicable social media sites, the applications you use on social media sites, and when you report a problem with Our Site. The information you give Us may include your name, address, e-mail address and phone number, login information for social networking sites, financial and credit card information, personal description, current and former places of employment, education, names of colleagues, contacts and friends, photographs, and lists of family members.
With regard to each of your visits to Our Site, We may automatically collect the following information:
2.1. Technical information, including the Internet protocol (IP) address used to connect your computer to the Internet, your login information, browser type and version, time zone setting, browser plug-in types and versions, operating system and platform;
2.2. Information about your visit, including the full Uniform Resource Locators (URL) clickstream to, through and from Our site (including date and time); products you viewed or searched for; page response times, download errors, length of visits to certain pages, page interaction information (such as scrolling, clicks, and mouse-overs), and methods used to browse away from the page and any phone number used to call Our customer service number;
2.3. Anonymized repayment data.
We may receive information about you if you use any of the other websites We operate, the other services We provide and/or the social media sites through which you log in via Our Site. We are also working closely with third parties (including, for example, business partners, sub-contractors in technical, payment and delivery services, social media sites, advertising networks, analytics providers, search information providers, credit bureaus, and financial services and credit providers) and may receive information about you from them.
Our website uses cookies to distinguish you from other users of Our website. This helps Us to provide you with a good experience when you browse Our website and also allows Us to improve Our site. By visiting Our website, you consent to the placement of cookies and beacons in your browser and HTML-based emails in accordance with this Privacy Policy.
We shall process your Personal Data while relying on any of the lawful bases listed below;
5.1. Consent: This will apply where you have provided your consent to the processing of your personal data for one or more specific purposes;
5.2. Performance of a contract with you: This will apply where processing is necessary for the performance of a contract to which you are a party or in order to take steps prior to entering into a contract with you;
5.3. Protection of vital interests: This is where processing is required for the protection of your vital interests.
5.4. Compliance with law: Where We are subject to a legal obligation and need to use your personal information in order to comply with such obligation.
5.5. Public interest: Where processing is necessary for the performance of a task or function carried out in the interest of the public.
5.6. Legitimate Interest: Where processing is necessary for the Company’s legitimate interests.
6.1. We shall process your Personal Data for any of the following reasons:
6.1.1. To determine whether to provide a loan to you, the amount of such loan and the terms and conditions applicable to such loan or for the provision of any of Our products and services to you.
6.1.2. To investigate or resolve any complaints and issues you may have.
6.1.3. To exercise Our rights under contracts We have entered with you like recovering any payments due to Us and where necessary enforcing recovery through debt collection agencies or taking other legal action, including instituting an action in the courts of law.
6.1.4. To fulfil Our legal, compliance, regulatory and risk management obligations.
6.1.5. To establish a credit rating based on your information and provide that rating to third parties who may be interested in offering you financial products and services. This information is provided only to third parties selected by you or whom you have agreed that We may share your score and information with;
6.1.6. To provide you with information about other goods and services We offer that are similar to those that you have already purchased or enquired about;
6.1.7. For marketing and business development purposes subject to the marketing preferences you have selected on Our website, to provide you, or permit selected third parties to provide you, with information about goods or services We feel may interest you;
6.1.8. To notify you about changes to Our standard terms of service or Our business;
6.1.9. To ensure that content from Our site is presented most effectively for you and your device;
6.1.10. To establish a credit rating for you.
6.1.11. We may combine this information with the information you give to Us. We may use this information and the combined information for the purposes set out above (depending on the types of information We receive).
6.1.12. To further process your data for archiving, scientific, historical, research or statistical purposes.
6.2. Information We collect when you use Our Services
6.2.1. When you use Our services, We collect location data which allows Us to determine your precise or approximate location. This information is collected during the loan application process, and We use this data to enhance Our credit risk and underwriting framework, as well as to prevent fraud.
6.2.2. We collect this information through your mobile device operating system, by requesting your express consent to your device’s permissions on the App. The collection of this information may take place in the background even when you are not using Our service if the permission you gave Us expressly permits such collection.
7.1. We may share your personal information with any member of Our group, which means Our subsidiaries, Our holding company and its subsidiaries. We may share your information with selected third parties including:
7.1.1. Business partners, suppliers and subcontractors for the performance of any contract We enter into with them or you.
7.1.2. Advertisers and advertising networks that require the data to select and serve relevant adverts to you and others. We do not disclose information about identifiable individuals to Our advertisers, but We may provide them with aggregate information about Our users (for example, We may inform them that 500 men aged under 30 have clicked on their advertisement on any given day). We may also use such aggregate information to help advertisers reach the kind of audience they want to target (for example, women in Lagos State). We may make use of the personal data We have collected from you to enable Us to comply with Our advertisers’ wishes by displaying their advertisement to specific target audience.
7.1.3. Analytics and search engine providers that assist Us in the improvement and optimization of Our site. We may disclose your personal information to third parties: a) In the event that We sell or buy any business or assets, in which case We may disclose your personal data to the prospective seller or buyer of such business or assets. b) If the Company or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets.
7.1.4. If We are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply Our terms of use and other agreements or to protect the rights, property, or safety of the Company, Our customers, or other third parties. This includes exchanging information with other companies and organizations for the purposes of fraud protection and credit risk reduction.
8.1 Information that We collect may be stored and processed only within Nigeria. We do not transfer Personal Data outside of Nigeria. In any event that it becomes necessary for us to transfer Personal Data to other countries, such transfer shall be in compliance with Applicable Laws and this Privacy Policy.
9.1 By ticking the “I agree to the Terms and Conditions”, which you hereby adopt as your electronic signature, you consent and agree to the content of this Privacy Policy.
10.1. The data that we collect from you will be transferred to and stored at destinations within Nigeria. By submitting your personal data, you agree to this transfer, storage or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy.
11.1. Unless a longer retention period is required or permitted by law, We will only hold your data on Our systems for the period necessary to fulfil the purposes outlined in this Privacy Policy. Even if We delete your data, it may persist on backup or archival media for legal, tax or regulatory purposes.
12.1. As a data subject, you are entitled to the following rights:
12.1.1. Right to consent – You have a right to give consent and such consent shall be freely given, specific, informed and unambiguous.
12.1.2. Right to withdraw consent – You reserve the right to withdraw your consent at any time.
12.1.3. Right of access – You have the right to access your data at any time.
12.1.4. Right to object – You reserve the right to object to the processing activity of the Company.
12.1.5. Right to rectification – You have the right to request that your personal data be corrected or amended to reflect the accuracy of same.
12.1.6. Right to Personal Data Portability – You reserve the right to request the Company to transfer your Data to a third party.
12.1.7. Right to be forgotten – You have the right to request that your data be deleted.
12.2. You can exercise the right at any time by contacting us at support@creditwallet.ng. Our site may, from time to time, contain links to and from the websites of Our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their privacy policies and that We do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.
13.1. In the event of a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorized disclosure of, or access to Personal Data, We shall within 72 (Seventy-Two) hours of having knowledge of such breach report the details of the breach to the Nigeria Data Protection Commission (the Commission).
13.2. Where We ascertain that such breach is detrimental to your rights and freedoms in relation to your personal data, We shall within 7 (Seven) days of having knowledge of the occurrence of such breach take steps to inform you of the breach incident, the risk to your rights and freedoms resulting from such breach and any course of action to remedy said breach.
13.3.If you believe that your Personal Data has not been handled correctly or you are unhappy with Our response to any requests you have made to Us regarding the use of your Personal Data, you have a right to lodge a complaint with the Commission.
The contact details are:
Nigeria Data Protection Commission
Tel: +234 (0) 916 061 5551
Email: info@ndpc.gov.ng
Website: https://ndpc.gov.ng/
14.1. We may update this policy from time to time by publishing a new version on Our website. You acknowledge and agree that it is your responsibility to review this policy periodically and become aware of modifications.
15.1. Questions, comments and requests regarding this Privacy Policy are welcome and should be sent as an email to info@princepsfinance.com.
