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Privacy Policy

I. Scope

“LendaBit.com” (hereinafter also referred to as “we” or “LendaBit.com”) is the website (and its subpages) to mediate loans between lenders and borrowers. The following Privacy Policy explains the nature, the scope and the purposes of collecting, processing and using personal data and other confidential information by LendaBit.com on our website and subpages. The following Privacy Policy is an integral part of Terms of Use you are to agree to it when registering on LendaBit.com. If there are differences between this Privacy Policy and the terms of any agreements concluded between the customer and LendaBit.com, the terms of such agreements shall prevail.

II. Your input of data

1. Personal data and its usage

Personal data is specific information about personal or factual circumstances of an identified or identifiable natural person. These include the name, the e-mail address or the phone number, or any other data provided by any person during application with the purpose of using our website and sub-pages. As part of LendaBit.com, personal data is only collected, processed and used where applicable and as permitted by law, or where you have given consent. The same applies to the disclosure of personal data. In addition:

  1. if false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies;
  2. law enforcement agencies may access and use this information according to the applicable law;
  3. we and other organizations may also access and use this information to prevent fraud and money laundering, for example when:
    • checking details on applications for loan, loan-related or other facilities;
    • managing loan and loan-related accounts or facilities;
    • recovering debt;
    • checking details on proposals and claims for all types of issuance.

2. Cookies

LendaBit.com causes the storage of cookies on your browser. Cookies are text files that help to facilitate LendaBit.com services, by storing login data or registering when and how frequently you visit LendaBit.com. The storing of cookies can be disabled completely in all major browsers.

3. Establishing contact with us and with other customers

LendaBit.com enables you to establish contact with us. This is possible, for example, by sending an email to us, or any message via the permitted message service (according to Terms of Use). The information you provide when contacting us is stored to process the request and, where appropriate, for the subsequent correspondence.

We do not disclose your personal information to any other LendaBit.com customer unless it is necessary. You agree that, in the course of generating and managing your loan contracts, and operating the LendaBit.com account, it may be required to send to lender(s) and their assignee(s), or borrower(s), as the case may be, certain transactional information (for example, a unique identifier, a loan amount and repayment details etc), but not your full name, ZIP?Postal code address, or payment details, until the loan contract is duly closed. We will not be liable for any use or misuse of the transactional data by others, but you must inform us of any misuse of the LendaBit.com of which you are aware.

You are solely responsible for your interactions with other LendaBit.com customers. We reserve the right, but have no obligation, to monitor disputes between you and other users.

4. Registration function

You can register as a user of our LendaBit.com service on the relevant website pages, as a lender or a borrower. The data received will be used in operation of our LendaBit.com service, as well as to inform you about changes in the scope of our LendaBit.com services, or any technical changes or for other messages (via email). Registration includes the entry of the following data:

  • email address;
  • password;
  • AML/KYC Policy information and documents which can be requested during and after the registration, such as Gender, First Name, Last Name, Address, ID document etc. See AML/KYC Policy for more information.

Besides, the IP-address that was used for registration, as well as the date of the registration, are stored in order to prevent abuse of the registration. By adding information from social networking profiles for LendaBit.com registration, we receive information from the social network (profile’s ID, First Name, Last Name, other data according to terms and conditions of social networks). You agree to processing of your social networks information during registration.

III. Visiting our website

In addition to entered personal data, data is collected by us, and by third parties, automatically during the use of our LendaBit.com service. The use of our service includes interacting with third parties.

1. Access data/server log files

Details of your visit to our site are stored in a log file (the so-called server log file). We collect (or our internet provider servers) the following data on each access to our LendaBit.com:

  • IP address of the accessing computer;
  • name of the file requested;
  • date and time of the request;
  • amount of data transmitted;
  • notification of successful request;
  • browser type and version along with the operating system used;
  • referrer URL;
  • requesting Provider;
  • screen resolution.

The log data is used by us only for statistical analysis in the context of operation of LendaBit.com. In case of illegal use of our service, the log data also serves to inform a resolution in the eventuality of any violation of the law.

2. Liability for links

LendaBit.com may contain links to websites of external providers. The referred domains were checked at the time of the placement of the link. Their content is not and will not become part of LendaBit.com. We are not liable for any offers or services provided by such links.

IV. Right to information

To a reasonable extent, you can demand to be informed by us about which personal data we have stored concerning yourself, free of charge via an email request.

V. Changes, corrections and updates, revocation

You have the right to ask for the review and update of your data if you cannot do so yourself. You can also have your personal data locked and deleted if you revoke your permission (via special message) for storage, or when the storage of the data is no longer possible due to legal reasons.

VI. Service messages

There are some messages ("Service Messages") that we will need to send to you. These may be sent via email, post or text message (according to the addresses and directions provided by you during registration), and include notifications about your loan applications, repayments or wallet balance if you are a borrower, and information about your wallet balance and account status if you are a lender; information on updates and other information regarding using of LendaBit.com. We may also send to you, from time to time, advertisements and other information about our services, or services of our partners.

VII. Monitoring and recording

We may monitor, record, store and use any telephone, email or other communication with you in order to check any instructions given to us, for instructional purposes, for crime prevention, and to improve the quality of our customer service.

VIII. Consent

By registering as a user of LendaBit.com, you consent to the terms of Privacy Policy without any exclusions or reservations.