Privacy Policy

1. Introduction

Welcome to Somalite ("we," "us," "our," or "Company"). We are committed to protecting your privacy and ensuring you have a positive experience using our application. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use the Somalite mobile application (the "App").

Somalite is an EMI (Equated Monthly Instalment) Calculator app that helps users plan and calculate loan repayments — including home loans, car loans, personal loans, education loans, and business loans — quickly and accurately.

Please read this Privacy Policy carefully. If you do not agree with our policies and practices, please do not use our App. By accessing and using Somalite, you acknowledge that you have read, understood, and agree to be bound by all the terms of this Privacy Policy.

2. Information We Collect

2.1 Information You Provide Directly

• Account Registration (if applicable): Name, email address, and password if you choose to create an account
• Loan Calculation Inputs: Loan amounts, interest rates, and tenure values you enter while using the EMI calculator — these are used only to compute results locally on your device
• Saved Calculations (if applicable): EMI calculations you choose to save within the App
• Feedback & Support: Messages, support tickets, and inquiries you submit to us

2.2 Information Collected Automatically

• Device Information: Device type, operating system version, device ID, and hardware model
• Usage Data: Features accessed, screens viewed, calculations performed, and time spent on the App
• Approximate Location: IP address and timezone information (we do not collect precise GPS location)
• Cookies & Similar Technologies: Session tokens and analytics trackers (web version only)
• Log Data: App crash reports, performance logs, and error data

2.3 Information We Do NOT Collect

• We do not collect or store your financial account details, bank account numbers, or credit card information
• We do not share your loan calculation inputs with any third party — all calculations happen on your device
• We do not collect precise GPS or real-time location data

3. How We Use Your Information

• App Functionality: Performing EMI calculations and displaying loan breakdowns based on the inputs you provide
• Account Management: Creating and maintaining your account (if you register), verifying identity, and managing credentials
• Saved Calculations: Storing and retrieving your saved EMI plans within the App
• App Improvement: Analyzing usage patterns, fixing bugs, improving user experience, and developing new calculator features
• Customer Support: Responding to your queries and support requests
• Security & Fraud Prevention: Detecting unauthorized access and preventing misuse of the App
• Legal Compliance: Complying with applicable laws and regulations in India
• Marketing (with consent): Sending notifications about new features, calculator updates, or tips — only if you have opted in

4. Information Sharing and Disclosure

4.1 We Share Your Information With:

• Service Providers: Cloud hosting, analytics services, customer support tools, and push notification platforms that help us operate the App
• Legal Requirements: Government authorities, law enforcement, or courts when legally required under applicable Indian law
• Successors: In the event of a merger, acquisition, or sale of assets, your data may be transferred to the new entity

4.2 We Do NOT:

• Sell your personal data to any third party
• Share your loan calculation inputs with banks, lenders, or financial institutions
• Share your personal data with third parties for their own independent marketing
• Collect or transmit sensitive financial account information

5. EMI Calculation Data

All EMI calculations performed within the Somalite app are computed locally on your device. The loan amounts, interest rates, and tenure values you enter are not transmitted to our servers unless you explicitly choose to save or sync a calculation to your account.

Somalite is a financial planning tool only. We do not process actual loan applications, and no calculation result constitutes a financial offer or advice. We recommend consulting a qualified financial advisor before making any borrowing decisions.

6. Data Security

We implement industry-standard security measures to protect your personal information from unauthorized access, alteration, disclosure, or destruction. Our measures include:

• SSL/TLS encryption for all data in transit
• Secure password hashing and storage
• Role-based access controls for internal systems
• Data encryption at rest
• Regular security reviews and vulnerability assessments
• Secure API endpoints

However, no method of transmission over the internet is 100% secure. While we strive to protect your personal information, we cannot guarantee absolute security. You are responsible for maintaining the confidentiality of your account credentials.

7. Your Privacy Rights

7.1 Right to Access

You have the right to request access to the personal information we hold about you. Contact us at privacy@somalite.app to submit an access request.

7.2 Right to Correction

You may update or correct inaccurate information in your account at any time through your profile settings or by contacting us.

7.3 Right to Deletion

You have the right to request deletion of your account and personal data. Some information may be retained for legal compliance, fraud prevention, or dispute resolution as required by law.

7.4 Right to Withdraw Consent

If you have consented to marketing communications or notifications, you may withdraw that consent at any time through your device or account settings.

7.5 Right to Objection

You may object to certain processing of your personal data by contacting us directly.

8. Data Retention

We retain your personal information for as long as necessary to provide our services and comply with legal obligations:

• Account Data: Retained for the duration of your account plus 3 years after closure
• Saved Calculations: Retained until deleted by you or upon account termination
• Communication Records: Retained for up to 2 years for dispute resolution
• Analytics Data: Retained in anonymized form for up to 2 years
• Legal Obligations: Certain data may be retained longer if required by applicable Indian law

9. Cookies and Tracking Technologies

The web version of Somalite may use cookies and similar technologies to enhance your experience:

• Essential Cookies: Required for login, security, and basic functionality
• Analytics Cookies: Help us understand how you use our App
• Preference Cookies: Remember your settings and preferences

You can manage cookie preferences through your browser settings. Disabling certain cookies may affect App functionality.

10. Third-Party Links and Services

Our App may contain links to third-party websites or services. We are not responsible for the privacy practices of those third parties. We encourage you to review their privacy policies before providing any personal information.

11. Children's Privacy

Somalite is not intended for children under 13 years of age. We do not knowingly collect personal information from children under 13. If we become aware that we have inadvertently collected data from a child under 13, we will delete it promptly.

For users aged 13–18, we recommend parental guidance when using the App and apply additional privacy safeguards as required by applicable law.

12. Compliance with Indian Laws

Somalite complies with applicable Indian laws and regulations, including:

• Information Technology Act, 2000
• Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011
• Digital Personal Data Protection Act, 2023 (DPDPA)
• CERT-In cybersecurity guidelines
• Consumer Protection (E-Commerce) Rules, 2020

13. Cross-Border Data Transfers

While Somalite is based in India, we may engage third-party service providers (such as cloud hosting or analytics platforms) located in other countries. Any cross-border data transfers are conducted in compliance with applicable Indian data protection laws and subject to appropriate contractual safeguards.

14. Marketing and Communications

We may send you in-app notifications and emails about new features, calculator updates, and financial tips. You can opt out at any time by:

• Clicking "Unsubscribe" in any promotional email
• Adjusting notification settings in your account or device settings
• Contacting us at support@somalite.app

15. Data Breach Notification

In the event of a data breach involving your personal information, we will notify affected users and relevant authorities within the timeframes required by applicable law. Our notification will include the nature of the breach, the data affected, and the steps we are taking to address the situation.

16. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of material changes by:

• Posting the updated policy on our App and website
• Updating the "Last Updated" date at the top of this page
• Sending an email or in-app notification for significant changes

Your continued use of Somalite after any changes constitutes your acceptance of the updated Privacy Policy.

17. Contact Us

If you have any questions, concerns, or requests related to this Privacy Policy, please contact us:

18. Grievance Redressal Officer

In accordance with the Information Technology Act, 2000 and the Digital Personal Data Protection Act, 2023, we have designated a Grievance Redressal Officer to address any privacy-related complaints: