Privacy Policy
Your privacy matters to us at praveniloctra
Last Updated: March 15, 2025
Information We Collect
At praveniloctra, we collect various types of information to provide you with exceptional financial services and maintain the security of our platform. Understanding what we collect helps you make informed decisions about your data.
Personal Information
- Full name, date of birth, and government-issued identification numbers
- Contact details including email address, phone number, and residential address
- Financial information such as bank account details, income verification, and credit history
- Employment information including employer details and professional references
- Investment preferences, risk tolerance assessments, and financial goals
Technical Information
We automatically collect technical data when you interact with our services. This includes your IP address, browser type and version, device information, operating system, and browsing patterns on our website. We also collect information about your interactions with our educational content and platform features.
We never collect more information than necessary to provide our services effectively. All data collection follows strict regulatory guidelines and industry best practices.
Communication Records
All communications between you and praveniloctra are recorded and stored securely. This includes phone calls, email correspondence, live chat sessions, and any written communications. These records help us improve our services and comply with regulatory requirements in the Australian financial services sector.
| Data Type | Collection Method | Retention Period |
|---|---|---|
| Account Information | Direct submission during registration | 7 years after account closure |
| Transaction Data | Automatic collection during platform use | 7 years as required by law |
| Website Analytics | Cookies and tracking technologies | 2 years for analysis purposes |
We believe transparency about data collection builds trust. That's why we're committed to explaining not just what we collect, but why each piece of information is necessary for providing you with secure, personalized financial services that meet Australian regulatory standards.
Third-Party Data Sources
Occasionally, we may receive information about you from third-party sources such as credit reporting agencies, identity verification services, or financial institutions. This information helps us verify your identity, assess creditworthiness, and prevent fraud. We only work with reputable third parties who maintain high data protection standards.
- Credit reports from Australian credit bureaus for assessment purposes
- Identity verification data from government databases
- Professional references and employment verification
- Financial institution data for account verification
Your consent is always obtained before we collect sensitive financial information. You have the right to know what data we hold and can request copies at any time through our privacy contact channels.
Our data collection practices are regularly reviewed and updated to ensure compliance with the Privacy Act 1988 (Cth) and Australian Privacy Principles. We maintain detailed records of all data collection activities and conduct regular audits to ensure information accuracy and relevance.
Sensitive Information Handling
We handle sensitive information with extra care and only collect it when absolutely necessary for our financial services. This includes health information (for insurance products), criminal history (for compliance purposes), and biometric data (for enhanced security). All sensitive information is encrypted, stored separately, and accessed only by authorized personnel on a need-to-know basis.
Privacy Inquiries
For questions about this privacy policy or your personal data:
Email: info@praveniloctra.com
Phone: +61746306084
Address: 73-81 Murray St Ground Level, Hobart TAS 7000, Australia