PETER O. COMMUNICATIONS NIGERIA LIMITED (we or "we") is committed to protecting your privacy. Vaylaco is a product of our company. Before you decide to explore this website ("Site"), please take a moment to read our privacy policy ("Privacy Policy"). This policy describes in detail the different types of information we may collect from visitors to our website, how we process that information and how visitors can update and check control the information they provide on the website.
When you register, submit information or create an account on Vaylaco's mobile application and/or website, by selecting the "Agree to the Privacy Policy" option, you confirm that you agree and accept all terms of this Privacy Policy. This also means that you authorize Vaylaco to collect, use, disclose and/or process your personal data as described herein.
Important terms and definitions
Company: is the PETER O. COMMUNICATIONS NIGERIA LIMITEDaddress, when referring to “company, “we” or “our”.
User: refers to an Internet user who has registered to use Vaylaco products and services
Devices: devices connected to the Internet, for example: phones, tablets, computers or other devices to interview Vaylaco and use the service.
Service: refers to the service provided by Vaylaco.
Website: corresponding website is www.vaylacovn.com.
App: is Vaylaco's only way to apply for money online
Mobile device information
After you register and allow access to information on your mobile device, Vaylaco will collect information from your mobile device, such as device name, model, local number, Regional and language settings, operating system and storage, IMEI code and status. This information is used to ensure the security of your account, prevent fraud, analyze the stability of services and advertising campaigns. Your data will be encrypted and stored at https://Vaylacovn.com.
We will strictly protect your information and will not sell, trade or disclose your personal data to third parties.
1.Vaylaco is an application that provides online loan services in the form of personal loans and emergency support for users. It's simple and safe.
Product Information:
Loan Amount: 18,000 500,000
Loan Term: 91-365 Days
Interest Rate: The highest APR is 24%
For example:
If you borrow 40,000 with a loan term of 120 days and an APR of 15%, then
Interest Rate = 40,000 * 120/365 * 15% = 1972.60
After 120 days, the total amount you have to pay is 40,000 + 1,972.60 = 41,972.60
2. Information we collect
2.1.Camera Permission
Our app needs permission to use your camera for uploading documents and other functions.
2.2Location Permission
Our app needs to obtain location information for security verification to ensure the safety of your account operations.
2.3 Device Information
Allow Vaylaco to access and collect specific information about your device including the device hardware specifications such as the model, operating system and its version, identifiers used to uniquely identify the device, personalized user profile details, WiFi connection status and network details and mobile network related information. The collection of this data is for the purpose of identifying the uniqueness of your device, enhancing the ability to assess risks and performing security verifications necessary to keep your user experience and data safe.
3.Purpose of collecting personal information
The information we collect will be electronically stored and managed for the following purposes:
3.1 Verify that the content you submit is authentic and not that someone else is using your identity.
3.2 Assess your loan eligibility under current terms.
3.3 Process loan applications and ensure the transaction process is safe for you.
3.4 Evaluate your loan application history and confirm your professional data.
3.5 To review legal loans and assess risks.
3.6 Provide efficient development for future mobile application requirements.
4.How is customer information used?
4.1 Borrower information: Customers need to fill in the necessary information, this is mandatory information.
4.2 Information transmission: Based on the customer's consent, data will be reported to the server for the purpose of preventing fraudulent services.
4.3 Other information: Based on customer authorization and when necessary, data will be reported to the server to detect or plan to detect other problems.
5.How we store and protect your personal information
We will take appropriate organizational, technical and legal measures to protect your personal data. These measures may include preventing data loss or blocking unauthorized use or access to data. We limit employee access to data so that only authorized persons can process your personal data and ensure that your information is protected.
Note: We are not responsible for personal information leakage due to users violating this policy. Please note that the transmission of information over the Internet is not 100% secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data during online transmissions and therefore we cannot be responsible for such risks when transmitting data online.
6.Changes to privacy policy
Vaylaco reserves the right to amend, update or modify the terms of this policy at any time. We will notify you in advance by posting the updated Privacy Policy on the Site. By continuing to use the Application, Website or Services, you agree to accept these modifications, updates or modifications.
7. contact us
If you have any questions about our privacy policy or if you would like to contact our data security team, please contact:
Phone: +237 38707862
Email: support@vaylacovn.com
Company address: 33 Democracy Crescent Gaduwa Estate Gudu ,Abuja,Federal Capital Territory