MAHAUTKARSH SECURITIES &  
FINANCE PRIVATE LIMITED  
Borrower Consent & Data Usage  
st  
Approved on 1 April 2025  
Mahautkarsh Securities & Finance P Ltd  
Borrower Consent & Data Usage  
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Borrower Consent & Data Usage  
To process your loan application through KishtoPe, we require your explicit,  
informed, and stage-wise consent to collect, use, and share certain personal,  
professional, and financial information. Such data is used only for lawful lending,  
regulatory compliance, and loan servicing purposes, and may be shared with the  
Company, its Digital Lending Applications (DLAs), Lending Service Providers (LSPs),  
and regulated third-party service providers, strictly in accordance with applicable  
laws and RBI guidelines. By proceeding with the loan application, you acknowledge  
and agree to the following:  
1. Consent at Login / Sign-Up Stage  
Purpose  
To create and manage your account, retrieve your credit information (where  
applicable), and communicate with you regarding the loan application.  
Permissions Requested  
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Device and app-related permissions required for secure access and fraud  
prevention  
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Communication  
permissions  
for  
service-related  
messages  
(including  
WhatsApp, where enabled)  
Details Collected  
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Email address  
Mobile number  
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2. Consent for Eligibility Check  
Purpose  
To assess your preliminary eligibility for a loan based on income patterns,  
creditworthiness, repayment capacity and basic profile information inline with RBI  
responsible lending requirement.  
Permissions Requested  
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SMS (only for identifying transaction-related messages from banks or financial  
institutions, where consented)  
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Phone and location (for fraud prevention and regulatory checks)  
Details Collected  
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Full name  
Father’s name  
Date of birth  
Current address pin code  
Mahautkarsh Securities & Finance P Ltd  
Borrower Consent & Data Usage  
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Employment type  
Salary type and monthly income  
PAN details (including PAN verification)  
Credit information from authorised credit bureaus  
Transaction SMS Access (Consent-Based)  
With your explicit consent, we may access transaction-related SMS received from  
banks or financial institutions solely for the purpose of:  
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assessing income and cash-flow patterns during eligibility evaluation; and  
supporting repayment monitoring during the active loan period.  
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We do not access personal messages, OTPs for other services, or non-financial  
communications. SMS access is purpose-specific, time-bound, and may be withdrawn  
by you at any time, subject to applicable regulatory and contractual requirements.  
3. Consent During Loan Application Process  
Purpose  
To evaluate your loan application, verify employment and residential details, and  
complete underwriting. Family and reference details are collected only for  
verification, underwriting, and for contacting purposes, and are not used for  
recovery, coercion, or solicitation  
Permissions Requested  
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Device and location permissions (for security and verification)  
Files and media access (only when you upload documents)  
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Details Collected  
A. Employment/Business Details  
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Employer / company name/ Trade Name  
Work pin code  
Total work experience  
Designation  
Official email address (optional)  
B. General Information  
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Marital status  
Educational qualification and institute name  
Family details (such as number of dependents and relationship details, where  
applicable)  
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Reference details (family member and friend, for contact verification only)  
C. Address Details  
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Current and permanent address  
Residential status (owned / rented)  
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Mahautkarsh Securities & Finance P Ltd  
Borrower Consent & Data Usage  
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Address proof documents (such as Aadhaar, passport, electricity bill, driving  
licence, voter ID, rental agreement, or passbook)  
Income and family-related information is collected with your explicit consent and is  
used strictly for:  
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assessing repayment capacity and affordability;  
responsible credit underwriting; and  
meeting regulatory and audit requirements.  
Such information is not used for marketing, profiling unrelated to lending, or third-  
party solicitation, and is handled in accordance with our Privacy Policy.  
4. Consent for KYC Verification  
Purpose  
To comply with RBI-mandated Know Your Customer (KYC) requirements.  
KYC verification is carried out using authorised third-party service providers.  
Permissions Requested  
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Camera (for document capture and live selfie)  
Files and media  
Location and SMS (where required for verification)  
Details Collected  
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Aadhaar details (via DigiLocker or other permitted methods)  
PAN details  
Live selfie for identity verification  
5. Consent for Bank Details & Bank Statement Access  
Purpose  
To assess income, repayment capacity, and complete credit underwriting. Bank  
statement access is enabled through the RBI-regulated Account Aggregator  
framework.  
Permissions Requested  
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SMS and location (for secure verification)  
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Camera / files (if documents are uploaded manually)  
Details Collected  
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Bank account number  
Bank statements  
Contact and other details linked to the bank account  
Mahautkarsh Securities & Finance P Ltd  
Borrower Consent & Data Usage  
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Third-Party Data Sharing & Consent  
We engage regulated and compliant third-party service providers strictly for  
facilitating loan processing and servicing. Your data is shared only with your explicit  
consent and only for stated purposes.  
1. KYC Service Providers  
KYC verification is mandatory to avail financial services and is conducted through  
authorised third parties.  
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Aadhaar verification (via DigiLocker or eKYC Setu or any permitted methods)  
PAN verification  
Selfie and document matching  
2. Credit Bureaus  
To assess and report your creditworthiness, we may fetch and submit credit  
information to:  
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TransUnion  
CRIF High Mark  
Equifax  
Experian  
3. Payment Service Providers  
For loan disbursement, repayment, and payment processing, we use regulated  
payment gateways.  
Details Shared  
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Bank details  
Mobile number and email ID  
Payment mode information  
4. Bank Statement Access via Account Aggregator  
With your consent, bank statements may be fetched from your bank using RBI-  
regulated Account Aggregators.  
Details Shared  
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Bank account details  
Bank statements  
Contact information (as required)  
Your Rights & Control  
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Your consent is explicit, informed, and revocable, subject to regulatory  
requirements.  
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You may withdraw consent or request data deletion in accordance with  
applicable laws.  
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Data is collected only for lawful lending, regulatory, and servicing purposes.  
Full details are available in our Privacy Policy.  
Mahautkarsh Securities & Finance P Ltd  
Borrower Consent & Data Usage  
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5. Recovery & Collection Service Providers  
In the event of delayed or non-payment, the Company may engage authorised  
recovery or collection service providers to assist in loan recovery, strictly in  
accordance with RBI guidelines.  
Only minimum necessary borrower information such as name, contact details, loan  
reference number, and outstanding amount may be shared with such service  
providers, solely for recovery purposes.  
Collection service providers are prohibited from accessing or using borrower data for  
any purpose other than recovery and are contractually bound to comply with RBI-  
prescribed fair conduct norms.  
The Company remains fully responsible for the actions and conduct of its recovery  
service providers.  
Mahautkarsh Securities & Finance P Ltd  
Borrower Consent & Data Usage  
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