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Privacy Policy

B P Securities (India) Private Limited, an active, Delhi-registered Indian non-government company (CIN: U67120DL1996PTC077411), is the owner and operator of InstantFunds App and website (https://instantfunds.in) and is committed to protecting your privacy and the privacy of data you entrust to us.
Registered Address: R-135, Ground Floor, Shop No. 3, Model Town III, North West Delhi, Delhi, India - 110009.

This Privacy Policy outlines how we collect, use, share, and protect your personal information when you interact with our website and mobile application. This Privacy Policy is an addendum to the 'Privacy' head in our Terms & Conditions and applies to all our users and shall be read in conjunction with our Terms & Conditions.

Information Collection and Use

We collect various types of personal information to provide and improve our services. By using our services, you consent to the collection, use, and sharing of this information for the following purposes:

  • KYC & Onboarding: We use your personal data to comply with Know Your Customer (KYC) norms and validate your identity.
  • Loan Processing & Risk Assessment: Information is collected to facilitate the issuance of loans, perform risk assessments, and creditworthiness evaluations.
  • Service Improvement: The data helps us troubleshoot concerns, resolve disputes, prevent fraud, and improve the quality of our services.
  • Offers & Marketing: We may use your contact details to inform you about new products, services, and promotions.

We collect the following information:

  • Personal Identifiers: Name, address, email, phone number, and government-issued identification (e.g., PAN, Aadhar).
  • Device Information: Includes your IP address, device model, operating system, and mobile network details.
  • Location Data: We may access your location to provide personalized services and verify your identity.
  • App Data: Information about installed applications on your device, used for credit assessments.
  • SMS: With your permission, we collect SMS data to analyse your financial position and validate OTPs for secure transactions.

Cookies

Our website and app use cookies to enhance your user experience. Cookies are small files stored on your device that help us collect information about your interactions with our site. You can choose to disable cookies through your browser settings, though this may affect your ability to use certain features.

Log Data

We automatically collect Log Data when you use our services. This includes your device’s IP address, browser type, time and date of your visit, and the pages you viewed. Log Data helps us improve our services and troubleshoot issues.

Use of Collected Information

We may use your personal information for the following:

  • Processing financial transactions.
  • Conducting research and analysis to improve our services.
  • Communicating updates, changes in terms, and service announcements.
  • Addressing complaints, queries, and feedback.
  • Verifying your identity for security purposes.

Third-Party Service Providers

We may engage trusted third-party service providers to assist in delivering our services. These third parties may have access to your personal information solely for performing tasks on our behalf and are obligated to protect your information.

Media Access

With your consent, we may access your device’s media to:

  • Capture and upload identity documents for KYC verification.
  • Capture selfies for identity verification.
  • Collect images or videos required for loan processing.

Security

We value your trust in providing your personal information. Therefore, we implement industry-standard security measures to protect it. However, no transmission over the internet or method of electronic storage is 100% secure, and we cannot guarantee absolute security.

Data Sharing and Disclosure

We will not share your personal information with third parties, except as required to:

  • Comply with legal obligations
  • Protect and defend the rights or property of B P Securities (India) Private Limited
  • Prevent fraud or criminal activity

Children’s Privacy

Our services are not intended for individuals under the age of 18. We do not knowingly collect personal data from children. If we discover that a child has provided us with personal information, we will promptly delete it.

External Links

Our website and app may contain links to third-party sites. We are not responsible for the privacy practices or the content of such external websites. We encourage you to review the privacy policies of any third-party services you visit.

Third-Party Policies

  • We may work with different third parties in connection with the App or for providing the Services. Please be aware that any information provided to any third-party or when you click through or are routed to third-party links while using the App, Our Privacy Policy no longer will apply and that We are not responsible for the privacy practices of these third parties.
  • In general, the third-party service providers used by Us will only collect, use and disclose your information to the extent necessary to allow them to perform the services or activities they provide Us. In such cases, We share the Information securely and use commercially reasonable efforts to ensure that all recipients comply with confidentiality, fidelity and secrecy obligations and sign covenants in this regard.
  • However, certain third-party service providers (such as banks, financial institutions, co-lending partners, payment aggregators or credit information companies), have their own privacy policies in respect to the information We are required to provide to them. We recommend that you read their privacy policies to understand the manner in which your Information will be handled by them. In particular, remember that certain third-party service providers may be located in or have facilities that are located in a different jurisdiction. So, if you elect to proceed with a transaction that involves the services of a third-party service provider, then your information may become subject to the laws of the jurisdiction(s) in which such service provider is or its facilities are located.
  • Once you leave the App or are redirected to a third-party website or application, you are no longer governed by this Privacy Policy or the App’s Terms and Conditions and in such circumstances the privacy policy of such other website will apply. We will not be liable for any acts or omissions of the third-party service provider. The list of third-parties collecting Information through the App is available at This link , which will be updated from time to time, for your reference.

Retention of Data, Withdrawal of Consent & Rectification, App Account Deletion

  • You can access and review the Information shared by you, after fulfilling the pending contractual obligations, by getting in touch with Us. You can also withdraw, or revoke consent given to Us to process any Information given by you to Us, by writing to Us at info@instantfunds.in. Also, you can request deletion of your mobile app account on the app. You shall have the right to deny consent for use of specific data on the App. Post mobile account deletion, you will not be able to avail services available on the mobile app.

  • However, mobile app account deletion will not impact any other terms and conditions agreed between you and Instant Funds, and you shall continue to perform all your obligations as otherwise agreed with Instant Funds. Please note, if you have applied for any loan and the application is under process, post mobile app account deletion, it will be discarded.
  • We shall not retain your Information and delete the same if it is no longer required by Us and when there is no legal requirement to retain the same. Do note that multiple legal bases may exist in parallel, and We may still have to retain certain Information as may be required for legitimate reasons such as security, fraud prevention, or regulatory compliance, audit purpose, and/or in accordance with applicable law.
  • In the event any Information provided by you is inaccurate, incomplete or outdated then you should provide Us with the accurate, complete and up to date Information and have us rectify such Information at our end immediately. We urge you to ensure that you always provide Us with accurate and correct Information to ensure your use of Our Services is uninterrupted.

Changes to This Privacy Policy

We may update our Privacy Policy periodically. Any changes will be posted on this page and will take effect immediately. We encourage you to review this policy regularly to stay informed about how we are protecting your data.

APP PERMISSIONS AND DATA COLLECTION

Our mobile application requires certain permissions to function effectively and provide you with our services. Below are the specific permissions we request and how the collected data is used: The key data collected from each permission granted in the device and how this data is used is further detailed below:

SMS Permissions:

We may read the headers of all SMS to check the type of sender. We only read the indicative SMS content from 6-digit alpha numerical number for verification purposes. Pertinent information such as sender names, SMS content, received timestamps are periodically collected for the purpose of provision of financial and allied services and the data is transmitted to third parties. This information may be securely transmitted to our Partner NBFC (B P Securities (India) Private Limited) and authorized service providers, only for the purposes described below.

It is important to note that we do not read or analyze personal or OTP messages, except OTP messages sent by us, which are linked to our purpose of use during lifetime of the app installed. This data may be used to verify financial statistics such as income, spending patterns which help us in the credit evaluation and may help us in facilitating higher limits, faster approval rates and for fraud detection & prevention.

Apps Permissions:

With your explicit consent, our app may collect metadata about installed and system applications on your device. This information is securely processed through our trusted technology partner, Credeau (www.credeau.com), which provides device-intelligence services to our Partner NBFC, B P Securities (India) Private Limited.

This data is used strictly for:

  • Detecting potential fraud (e.g., presence of VPNs, gambling, or other high-risk apps)
  • Supporting identity verification and credit risk assessment
  • Helping the NBFC offer faster credit approvals and more suitable credit limits

Important safeguards:

  • Only app metadata (name, package, version, install/update time, installer source) is collected.
  • No personal app usage data, messages, files, or content are accessed.
  • The data is not shared or sold for advertising or marketing.
  • Data is stored and processed only in India, in compliance with RBI Digital Lending Directions 2025 and the Digital Personal Data Protection Act, 2023.

Location Permissions:

With your explicit consent, our app may request one-time access to your device location. This is used strictly to:

  • Determine serviceability of your loan application
  • Reduce risk associated with loan processing
  • Provide pre-approved or customized loan offers
  • Support address verification, better credit risk assessment, and Know Your Customer (KYC) compliance

We do not continuously track your location. Location access is temporary and limited to the purposes stated above.

Device Permissions:

With your consent, our app may collect limited device-related information to enhance security and prevent fraud. This may include:

  • Device model
  • Operating system version
  • Available RAM and storage

We do not collect permanently identifiable device identifiers (such as IMEI, serial number, or MAC address), in full compliance with Google Play policies, RBI Digital Lending Directions 2025, and the Digital Personal Data Protection Act, 2023.

Phone State Permissions:

Our app may request Phone State permission only with your explicit consent. This is strictly for:

  • Verifying that the device has an active SIM and valid network connection at the time of onboarding and disbursement
  • Ensuring the transaction is carried out by the rightful customer and preventing spoofing/fraud

We do not use this permission for call logs, contacts, or any unrelated purposes. All access is carried out in line with RBI Digital Lending Framework and applicable Indian privacy laws.

Camera Permissions:

What is collected: Camera access is required for completing eKYC. This allows you to scan or capture identification details and documents digitally, making the process faster and reducing manual errors.

How it is used: The captured data is used to complete your eKYC verification, validate your identity, and confirm loan eligibility as per regulatory standards.

We do not collect or store biometric data.

Instant Funds App is hosted in India and We ensure that every data or information that we collect from you is stored in servers located in India and the same is compliance with all the statutory/regulatory obligations.

We display just-in-time consent screens for permissions like SMS, location, phone state, and app list in accordance with Google Play policy.

Your Rights

You have the right to:

  • Access, update, or delete your personal information.
  • Withdraw consent for certain data collection practices.

To exercise your rights, please contact us via the information provided below.

Contact Us

If you have any questions, concerns, or feedback about our Privacy Policy, you can reach us at:

info@instantfunds.in