Privacy Policy

By using this LoanKyat mobile application ("App") (together, the "Platform") and making use of the services provided by us, you consent to be governed by the terms and conditions of this privacy policy ("Services"). By accessing the Platform or any part of it, you thus expressly consent to LoanKyat ("we", "our", "us", or "S&P Business Solution") using and disclosing your personal information in the manners set forth in this Privacy Policy. The Platform's Terms of Use are incorporated into and controlled by this Privacy Policy. For the purposes of this privacy statement, customers, customers, and any other users of the services or visitors to our platform are collectively referred to as service users ("user," "you," or "your"). please do not use or access our Platform or any part thereof.

(Application/ App/ Platform) that enables you to submit an application for a brief-term loan, or "Loan," which will be approved by us, as well as by different non-banking financial institutions or banks (collectively, "Lender" or "Lenders") based on the loan agreement that you and LENDER have signed. As may be necessary for authorizing the Loan, we have been granted permission to collect, maintain, authenticate, verify, and disseminate Personal Information (defined below). The Personal Information will be gathered through the mobile application form for the Application. Because we value your privacy, we created this Privacy Policy to outline the steps we take when gathering, using, and disclosing Personal Information. To fully understand our philosophy regarding the use of your Personal Information, we advise you to read this privacy statement carefully.

The data we collect. When you register for the Service, we will collect your telephone number and may also collect your name, age, bank verification number (BVN), email address or other contact information. With this information, we may cross-check your identity with third parties including the person you have provided as your emergency contact. We will also collect data from your device for our credit scoring system. This includes information relating to your device, such as device make and model, operating system, and installed software applications. We retain the intellectual property of the scoring system, and we could use or authorize our business partners and joint markting arrangement partners to use this scoring system.We may also collect your email and phone-book contacts and information related to device activity such as SMS logs and GPS location information. To supplement this information, we may also collect data from third parties such as credit bureaus and other financial institutions. By registering for the Service, you authorize the collection and processing of the foregoing data.The SMS and CONTACT information collected from the device is further detailed below.

We obtain information about your social account when you sign in so that we can uniquely identify you. This assists us in making sure that no unapproved entity or individual is acting in your place. The social account information will be uploaded to If you do not consent, we will not carry out this action, and the application will depart without being able to deliver its usual level of service to you.


In order to uniquely identify you, we collect your phone number when you sign in. This helps us ensure that no unauthorized device or person is acting on your behalf. The phone number will be uploaded to

Our app gathers and keeps track of your SMS data to improve your financial profile, help us conduct a credit risk analysis to determine your risk profile, give you the right credit analysis, and make sure users can get the credit they need. Additionally, this aids in ensuring that your loan application is secure and that you receive the loan sum. We therefore require your consent to collect "SMS" information and upload it to "" before you submit your application. To secure information and encrypt data, we are committed to using secure data transfer protocol.Please feel free to use. If you do not agree, we will not perform this operation, and the application will not be able to provide normal service for you and exit Application.

Our app requires your call data, including phone number, name, and call time, to verify that you are using it in a real environment and not a simulator. This is necessary to protect account security and prevent fraud.
Therefore, before you submit your application, we need your permission before collecting "CALL LOG" Information and uploading it to "". We are devoted to using secure data transmission protocol to protect information and encrypt data. Please use whenever you like. If you don't agree, we won't do this and the application will leave without being able to provide you with its regular level of service.

We require calendar information so that you can set up a loan due date memo in the app after the loan, which will remind you to repay your loan on time.
The calendar information will be uploaded to We will delete the calendar information after we have determined your risk profile.

Installed applications
In order to evaluate your creditworthiness and enhance your profile with pre-approved customized loan offers, we compile a list of the installed applications metadata information, which includes the application name, package name, installed time, updated time, version name, and version code of each installed application on your device.

We may collect the location information of the equipment, including the longitude, latitude, location area, location area code, positioning mode, positioning time, and other position-related information of the user equipment;The purpose of collection: to score the user's credit and ensure the security of the user's account by monitoring the user's actual location information. For example, to verify the authenticity of user authentication information when users register for authentication; For security reasons, when users open the APP to log in, we need to judge the actual location of the user to confirm whether there is a risk to the user account, and timely notify the user in case of abnormalities to ensure the safety of user funds.Location information will also be uploaded to our servers encrypted and will not be shared with any third parties.

In order for you to upload photos or documents to the application form during the loan application process, we need the media, photos, and files permission from the App.

Mobile phone(device)
We may collect specific information about your device including your device name, model, region and language settings, device identification code, device hardware, and software information, status, usage habits to uniquely identify the device and ensure that unauthorized devices are not to act on your behalf to prevent frauds.

This Privacy Policy is construed and governed by the laws of the Republic of Nigeria.

We may set cookies to track your use of the Platform. Cookies are small encrypted files, that a site or its service provider transfers to your device’s hard drive that enables the sites or service provider’s systems to recognize your device and capture and remember certain information. By using the Application, you signify your consent to our use of cookies.

We do not sell, rent, lease your Personal Information to anybody and will never do so. Keeping this in mind, we may disclose your Personal Information in the following cases:

We shall provide access to your Personal information to our authorized administrative(s) for internal business purposes, who shall be under confidentiality obligations towards the same.

We may provide Personal Information we collect to our affiliates. For example, we may disclose Personal Information to our affiliates in order to respond to your requests for information or the Services, or to help limit your receipt of marketing materials you have requested not to receive.

Business Partners
We may use certain trusted third party companies and individuals to help us provide, analyze, and improve the Services including but not limited to data storage, maintenance services, database management, credit bureaus, rating agencies, web analytics, payment processing, and improvement of the Platform’s features. These third parties may have access to your information only for purposes of performing these tasks on our behalf and under obligations similar to those in this Privacy Policy. We may disclose your Personal Information to partners who perform business functions or hosting services on our behalf and who may be located outside Nigeria.

Service Providers
We may share your Personal Information with the service providers, including LENDER, who are working with us in connection with the operation of the Services or the Platform, so long as such service providers are subject to confidentiality restrictions consistent with this Privacy Policy.

Joint Marketing Arrangements
Any joint marketers with whom we have a marketing agreement, including but not limited to other financial platforms, third-party credit platforms, relevant partners on analytics, information search, or big data, collecting companies, anti-fraud companies, law firms, etc., may receive your Personal Information, as permitted by law. We would require all such joint marketers to enter into formal agreements with us that detail the proper use of your personal information, obligate them to protect your personal information, and forbid them from using your personal information for any unauthorized or illegal purposes.

Persons Who Acquire Our Assets or Business
If we sell or transfer any of our business or assets, certain Personal Information may be a part of that sale or transfer. In the event of such a sale or transfer, we will notify you.

Legal and Regulatory Authorities
We may be required to disclose your Personal Information due to legal or regulatory requirements. In such instances, we reserve the right to disclose your Personal Information as required in order to comply with our legal obligations, including but not limited to complying with court orders, warrants, or discovery requests. We may also disclose your Personal Information(a) to law enforcement officers or others; (b) to Credit Information Companies; (c) to comply with a judicial proceeding, court order, or legal process served on us or the Platform; (d) to enforce or apply this Privacy Policy or the Terms of Service or our other policies or Agreements; (e) for an insolvency proceeding involving all or part of the business or asset to which the information pertains; (f) respond to claims that any Personal Information violates the rights of third-parties; (g) or protect the rights, property, or personal safety of us, or the general public. You agree and acknowledge that we may not inform you prior to or after disclosures made according to this section.

Notwithstanding anything mentioned hereinabove, we shall not be responsible for the actions or omissions of the service providers or parties with whom the Personal Information is shared, nor shall we be responsible and/or liable for any additional information you may choose to provide directly to any service provider or any third party.

We will retain your personal information on file for as long as your registration with us is current and any outstanding balance(s) is(are) due and payable to LENDER. We may also retain and use your personal information as needed to comply with legal obligations, resolve disputes, and honor agreements. If you submit a legitimate written request in accordance with this section, we'll try to remove your personal data. Please be aware, however, that the deletion of Personal Information from our servers might take some time, and that backed-up copies might still exist after removal.

Information that we collect may be stored, processed in, and transferred between any of the countries in which we operate, in order to enable us to use the information in accordance with this policy. Any such information transferred to other countries shall be in compliance with the laws of corresponding countries.

We value your Personal Information, and protect it on the Platform against loss, misuse or alteration by taking extensive security measures. In order to protect your Personal Information, we have implemented adequate technology including but not limited to cloud data saving and will update these measures as new technology becomes available, as appropriate. Although we provide appropriate firewalls and protections, we cannot warrant the security of any Personal Information transmitted as our systems are not hack proof. Data pilferage due to unauthorized hacking, virus attacks, technical issues is possible and we take no liabilities or responsibilities for it.

You are responsible for all actions that take place under your User Account. If you choose to share your User Account details and password or any Personal Information with third parties, you are solely responsible for the same. If you lose control of your User Account, you may lose substantial control over your Personal Information and may be subject to legally binding actions.

ACCESSING AND MODIFYING PERSONAL INFORMATION. In case you need to access, review, and/or make changes to the Personal Information, you shall have to login to your User Account and change the requisite details. You shall keep your Personal Information updated to help us better serve you.


Special Offers and Updates
We may send you information on products, services, special deals, and a newsletter of ours. Out of respect for your privacy, we present you with the option of not receiving these types of communications. You may unsubscribe via the unsubscribe mechanism provided in each such communication or by emailing us at

Service Announcements
On certain occasions or under law, we are required to send out Service or Platform related announcements. We respect your privacy, however you may not opt-out of these communications. These communications would not be promotional in nature.

Customer Service
We communicate with Customer(s) on a regular basis to provide requested services and in regards to issues relating to their User Account, we reply via email or phone, based on Customer(s) requirements and convenience

You agree to indemnify us, our subsidiaries, affiliates, officers, agents, co-branders or other partners, and employees and hold us harmless from and against any claims and demand, including reasonable attorneys fees, made by any third party arising out of or relating to: (i) Personal Information and contents that you submit or share through the Platform; (ii) your violation of this Privacy Policy, (iii) or your violation of rights of another Customer(s).

You expressly understand and agree that we, including our directors, officers, employees, representatives or the service provider, shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if we have been advised of the possibility of such damages), resulting from; (a) use or the inability to avail the Services (b) unauthorized access to or alteration of your Personal Information (c) inability to use the Platform (d) failure or delay in providing the Services or access to the Platform (e) any performance or non-performance by us (f) any damages to or viruses that may infect your electronic devices or other property as the result of your access to the Platform or your downloading of any content from the Platform and (g) server failure or otherwise or in any way relating to the Services.

Our Service may contain links to other websites and Apps that are not operated by Us. If You click on a third-party link, You will be directed to that third party’s site. We will not control over and will not assume responsibility for the content, privacy policies or practices of any third-party sites or services.

Without giving you prior notice, we may update this Privacy Policy. All users must abide by this privacy policy, which becomes operative upon publication. You are urged to review this privacy statement frequently so that you are aware of any updates. If you use the Services or access the Platform in the future, it will be assumed that you accept this privacy statement.

By using the Website/App and/ or by providing your information, you consent to the collection and use of the information you disclose on the Website in accordance with this Privacy Policy, including but not limited to Your consent for collecting, using, sharing and disclosing your information as per this privacy policy. If we decide to change our privacy policy, we will post those changes on this page so that you are always aware of what information we collect, how we use it, and under what circumstances we disclose it.

You can send us an email at if you have complaints or questions about this privacy statement.
The "Agree" button signifies your agreement to abide by all applicable laws and regulations in your nation. As a result, this Privacy Policy is enforceable as of the date your account is opened.