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B P Securities India Pvt Ltd Repay Loan Apply Now

Privacy Policy

B P Securities (India) Private Limited, an active, Delhi-registered Indian non-government company (CIN: U67120DL1996PTC077411), is the owner and operator of the InstantFunds mobile application and website (https://instantfunds.in). InstantFunds is committed to protecting your privacy and the confidentiality of the 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 describes how we collect, use, share, and protect your personal information when you access or use our website and mobile application. This Privacy Policy is an addendum to the “Privacy” section of our Terms & Conditions and shall be read in conjunction with the same.

Information Collection and Use

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

  • KYC & Onboarding: To comply with Know Your Customer (KYC) requirements and verify your identity.
  • Loan Processing & Risk Assessment: To facilitate loan processing, perform creditworthiness checks, and conduct risk assessments.
  • Service Improvement: To troubleshoot issues, resolve disputes, prevent fraud, and enhance service quality.
  • Offers & Marketing: To communicate information about new products, services, and promotional offers.

Types of Information Collected

We may collect and process the following categories of information:

  • Personal Identifiers: Name, residential address, email address, mobile number, and government-issued identification documents such as PAN and Aadhaar.
  • Device Information: IP address, device model, operating system, browser type, and mobile network details.
  • Location Data: Location information used to verify identity and deliver personalized services, subject to your device permissions.
  • Application Data: Information relating to applications installed on your device, used for credit assessment purposes.
  • SMS Data: With your explicit consent, SMS data may be collected to analyze financial behavior and to validate OTPs for secure transactions.

Cookies

Our website and mobile application use cookies to enhance user experience. Cookies are small data files stored on your device that help us understand how users interact with our Platform and enable certain functionalities.

You may choose to disable cookies through your browser or device settings; however, doing so may limit your ability to access or use certain features of the Platform.

Log Data

We automatically collect log data when you use our Services. This information may include your device’s IP address, browser type, operating system, date and time of access, and the pages viewed.

Log Data is used for system administration, analytics, security monitoring, and to improve the performance and reliability of our Services.

Use of Collected Information

We may use the personal information collected from you for the following purposes:

  • Processing and facilitating financial transactions.
  • Conducting research, analytics, and service improvements.
  • Communicating updates, policy changes, and service announcements.
  • Addressing complaints, queries, and customer feedback.
  • Verifying your identity and ensuring platform security.

Third-Party Service Providers

InstantFunds may engage trusted third-party service providers to support the delivery and operation of its Services. Such service providers may have limited access to your personal information solely for the purpose of performing services on our behalf.

All third-party service providers are contractually obligated to maintain the confidentiality and security of your information and to use it only in accordance with applicable laws and our instructions.

Media Access

Subject to your explicit consent, InstantFunds may request access to your device’s camera or media storage for the following purposes:

  • Capturing and uploading identity documents for KYC verification.
  • Capturing selfies for identity authentication.
  • Collecting images or videos required for loan processing.

Security

We value the trust you place in us while sharing your personal information. Accordingly, we implement industry-standard technical and organizational safeguards to protect your data against unauthorized access, alteration, disclosure, or destruction.

However, please note that no method of transmission over the Internet or electronic storage is completely secure. While we strive to protect your personal information, we cannot guarantee its absolute security.

Data Sharing and Disclosure

InstantFunds does not share your personal information with third parties except where such disclosure is necessary to:

  • Comply with applicable legal or regulatory obligations.
  • Protect and defend the rights, property, or interests of B P Securities (India) Private Limited.
  • Prevent, detect, or investigate fraud or criminal activity.

Children’s Privacy

The Services are not intended for individuals under the age of 18 years. InstantFunds does not knowingly collect personal information from children.

If we become aware that a minor has provided personal information to us, we will take appropriate steps to delete such information from our records promptly.

External Links

The Platform may contain links to third-party websites or applications. Please note that InstantFunds does not control and is not responsible for the content, security, or privacy practices of such external websites.

We encourage you to review the privacy policies of any third-party sites or services you choose to visit through links available on our Platform.

Mandatory Clause

Unless expressly opted out by you, we may use channels such as email, SMS, RCS, and other instant messaging apps and calls to disseminate promotional or service-related communications. You retain the right to unsubscribe from such communications through provided mechanisms.

Third-Party Policies

  • InstantFunds may engage various third-party service providers in connection with the App or for providing the Services. Any information shared directly with such third parties or provided upon redirection to their platforms will be governed by their respective privacy policies, and not by this Privacy Policy.
  • Third-party service providers engaged by InstantFunds collect, use, and disclose information only to the extent necessary to perform services on our behalf. We share information securely and use commercially reasonable efforts to ensure such parties adhere to confidentiality and data protection obligations.
  • Certain third-party service providers, including banks, NBFCs, co-lending partners, payment aggregators, and credit information companies, may have independent privacy policies. Users are advised to review these policies to understand how their information will be handled.
  • Some third-party service providers may operate in jurisdictions outside India. By proceeding with transactions involving such providers, your information may become subject to the laws of those jurisdictions.
  • Once you leave the App or are redirected to a third-party website or application, this Privacy Policy and the App’s Terms & Conditions will no longer apply. InstantFunds shall not be liable for any acts or omissions of third-party service providers.
  • The list of third parties collecting information through the App is available at the designated link and may be updated from time to time for user reference.

Retention of Data, Withdrawal of Consent & App Account Deletion

  • You may access and review the information shared by you, subject to fulfilment of pending contractual obligations, by contacting us. You may withdraw or revoke your consent for processing of your information by writing to info@instantfunds.in. You may also request deletion of your mobile app account directly through the App. You have the right to deny consent for use of specific data on the App. Upon account deletion, you will no longer be able to avail services through the mobile application.
  • Deletion of your mobile app account shall not affect any other contractual obligations agreed between you and InstantFunds. You shall continue to perform all obligations already undertaken. If a loan application is under process at the time of account deletion, such application shall be discarded.
  • We do not retain your information beyond the period for which it is required. Data will be deleted when it is no longer necessary and when there is no legal or regulatory requirement to retain it. However, certain information may be retained for legitimate purposes such as security, fraud prevention, audit, regulatory compliance, or as required under applicable laws.
  • If any information provided by you is inaccurate, incomplete, or outdated, you must promptly provide accurate and updated information so that we may rectify the same. Ensuring accurate information helps prevent service interruptions.

Changes to This Privacy Policy

InstantFunds may update this Privacy Policy from time to time. Any changes will be posted on this page and shall take effect immediately upon publication. Users are encouraged to review this Privacy Policy periodically to stay informed about how their data is protected.

App Permissions and Data Collection

Our mobile application requires certain permissions to function effectively and provide financial services. The data collected through these permissions and its usage are described below.

SMS Permissions

With your consent, the App may read SMS headers to identify the sender type. We only access indicative SMS content related to 6-digit alphanumeric verification messages. Information such as sender names, limited SMS content, and timestamps may be collected periodically to provide financial and allied services.

This data may be securely transmitted to our Partner NBFC, B P Securities (India) Private Limited, and authorized service providers strictly for permitted purposes.

We do not read or analyze personal messages or OTPs, except OTPs sent by us for authentication during the lifetime of the App installation. The collected data may be used for income analysis, spending pattern assessment, credit evaluation, faster approvals, enhanced credit limits, and fraud detection and prevention.

Application Permissions

With your explicit consent, the App may collect metadata related to installed and system applications on your device. This data is securely processed through our technology partner Credeau (www.credeau.com), which provides device intelligence services to our Partner NBFC.

The collected data is used strictly for:

  • Detecting potential fraud (e.g., VPN usage, gambling or high-risk applications)
  • Supporting identity verification and credit risk assessment
  • Enabling faster loan approvals and appropriate credit limits

Important Safeguards:

  • Only application metadata (app name, package name, version, install/update time, installer source) is collected.
  • No personal app usage data, messages, files, or content are accessed.
  • Data is not shared or sold for advertising or marketing purposes.
  • 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, the InstantFunds mobile application may request one-time access to your device location. This access is used strictly for the following purposes:

  • Determining serviceability of your loan application
  • Reducing risk associated with loan processing
  • Providing pre-approved or customized loan offers
  • Supporting address verification, enhanced credit risk assessment, and Know Your Customer (KYC) compliance

InstantFunds does not continuously track your location. Location access is temporary, purpose-limited, and used only at the time of evaluation or verification.

Device Permissions

With your consent, the App may collect limited device-related information solely to enhance platform security and prevent fraudulent activities. This information may include:

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

We do not collect permanently identifiable device identifiers such as IMEI numbers, serial numbers, or MAC addresses. All data collection practices strictly comply with:

  • Google Play Developer Policies
  • RBI Digital Lending Directions, 2025
  • Digital Personal Data Protection Act, 2023

Phone State Permissions

The App may request Phone State permission only with your explicit consent. This permission is used strictly for the following purposes:

  • Verifying that the device has an active SIM and valid network connection during onboarding and loan disbursement
  • Ensuring transactions are initiated by the rightful customer and preventing spoofing or fraudulent activities

InstantFunds does not access call logs, contacts, or any unrelated data through this permission. All usage is aligned with the RBI Digital Lending Framework and applicable Indian privacy laws.

Camera Permissions

What is collected:

Camera access is required solely for completing electronic Know Your Customer (eKYC) procedures. This enables you to scan or capture identification documents digitally, ensuring a faster onboarding process and minimizing manual errors.

How it is used:

The captured images or documents are used strictly for eKYC verification, validating your identity, and determining loan eligibility in accordance with applicable regulatory standards.

Important: We do not collect, process, or store any biometric data.

Data Storage & Hosting

The Instant Funds App is hosted entirely in India. All data and information collected from you are stored on servers located within India, in full compliance with applicable statutory and regulatory requirements, including RBI guidelines and the Digital Personal Data Protection Act, 2023.

We implement industry-standard security measures to safeguard your data against unauthorized access, misuse, or disclosure.

Just-in-Time Consent

We display just-in-time consent screens before requesting sensitive permissions such as SMS, location, phone state, camera, and app list access. This ensures transparency and informed consent, in line with Google Play Developer Policies and applicable Indian regulations.

Your Rights

You have the right to:

  • Access, update, or request deletion of your personal information
  • Withdraw consent for specific data collection or processing activities, where legally permissible

To exercise any of these rights, please contact us using the details provided below.

Contact Us

If you have any questions, concerns, or feedback regarding this Privacy Policy or our data practices, you may contact us at:

Email: info@bpsecuritiesindia.com