Privacy Policy for Loan Applicants
In order for NANAPAN Industrial Supplies Co., Ltd. to evaluate your loan application information, please carefully review this Privacy Policy before providing any information to the company. NANAPAN Industrial Supplies Co., Ltd. guarantees to safeguard all data in accordance with the highest security standards and in compliance with relevant laws.
Personal Data Processed
During the process of applying for credit with the company, NANAPAN Industrial Supplies Co., Ltd. may receive personal data from loan applicants, which may be divided into individuals and corporate loan applicants. The company may need to process personal data of corporate representatives, including (1) information provided directly by the loan applicant on the credit application form, supporting documents, and additional information provided to the company's sales staff, and (2) credit information or your credibility obtained from public databases or external service providers such as Credit Bureau Co., Ltd., etc.
The personal data that the company may need to collect, process, and use may include general information about individual loan applicants or corporate representatives such as name, surname, identification card number, contact information, financial status, transaction history, and other supporting documents. Furthermore, the personal data of other individuals associated with the loan applicant and additional supplementary information that the company may request from the loan applicant for the purpose of assessing the company's credibility in considering commercial credit. The company will inform the loan applicant of such information at each stage of the process.
Purposes of Personal Data Processing
The company has the necessity to collect, gather, and utilize all personal data of loan applicants for the following purposes: (1) Identity verification, including the accuracy of personal data and other information provided to the company; (2) Assessment of qualifications and suitability of loan applicants for making decisions on commercial credit; (3) Communication with loan applicants during the loan application process; and (4) Convenience in managing loan applications of applicants, in case you may have additional information or need to amend data to apply for new credit.
Duration of Personal Data Processing
Unless the loan applicant expresses the intention to exercise rights to request the company to delete or destroy data or documents provided to the company immediately, in any case where the loan application is rejected, the company reserves the right to retain all personal data of the loan applicant for as long as deemed necessary by the company for the purpose of credit assessment, approval, and credit management services. The company will retain the data of loan applicants who have not been approved for a period of 3 months.
Disclosure or Transfer of Your Personal Data
Your personal data as a loan applicant will be kept confidential and will not be disclosed except (1) when necessary, the company may need to disclose and/or transfer your personal data to external service providers for background checks or external service providers involved in assessing the qualifications and abilities of loan applicants, and (2) when the applicant expressly consents, the company may disclose and transfer the personal data of the loan applicant to other external financial institutions that may be interested in the loan application from such institutions.
Your Rights as Data Subject
The company respects the rights of loan applicants as data subjects under relevant laws, where you can contact the company or exercise your rights, including the right to access, request copies, rectify data, object to data processing, transfer data, including requesting deletion or destruction of your data when it is no longer necessary, by contacting us at 035 323 900 or email at nnp2u.info@gmail.com.