1. Purpose of Consent 

By agreeing to these terms, you authorize your company where you are legally employed full time to provide us with information regarding your employment, and that you give us access to and use your employment information solely for assessing your eligibility and financial capability for the product you intend to loan on Better. 

2. Information to Be Collected

Your employer will transfer the following employment details to review by Better. This information will be used exclusively for the assessment of product eligibility and will be handled in accordance with our data privacy policy.

1. Full Name
2. NRC Number
3. Start Date of Employment
4. Company Name
5. Department
6. Position
7. Net Monthly Salary (up to 3 months of historical data)

3. Ongoing Consent for Future Loans

By agreeing to this consent, you also authorize us to request your employer and review your employment information for any future loans you place on Better Application and Website Portal. This allows us to assess your updated employment and financial status to ensure continued eligibility for our products and services. 

This consent is valid for up to 12 months. After this period, we will request your consent again before continuing to verify your employment information.

4. Organization Changes

If you are no longer employed at the organization currently linked to your Better account, you may update to a new organization if it is a Better partner.

If the new organization is not partnered with Better, you may continue the loan process individually without linking to any organization. If it is found that you are not employed at your linked organization when applying for a loan, your application cannot be processed, and additional supporting documents may be required to proceed. 

5. Data Privacy and Security

All collected information will be stored securely and used only for the purposes outlined above. We are committed to protecting your personal data and ensuring it is not shared with unauthorized third parties. We will delete and destroy all your personal data within 3 months of your request subject to your loan and payment status on our system.

6. Withdrawal of Consent

You may withdraw your consent at any time by contacting our support team at 09949238837 or hello@better.com.mm . However, please note that withdrawing your consent may affect your ability to use the Better account, and you will no longer be able to place future loans through Better, as this consent is essential for employment verification. We reserve the right to decline your withdrawal if you have active loans on our system. Withdrawing your consent will only affect your ability to apply for new loan products; it will not affect the servicing, repayment obligations, or terms of any active loan, which continue to be governed separately by your loan agreement. If we decline your withdrawal request because you have an active loan, we will reprocess your request within 5 business days of that loan being fully settled and notify you of the outcome.