Nova Funds (“the App”) is developed and operated by M.S. MAKAN LEASING AND FINANCE PRIVATE LIMITED (“the Company,” “we,” “our,” or “us”). This Privacy Policy explains how we collect, use, disclose, and safeguard your personal information. By downloading, installing, or using the App, you agree to the practices described in this document.
Legal form: Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India.
CIN: U51505DL1993PTC052374
Registered address: 42, New Market, Tilak Nagar, New Delhi – 110018
Contact e-mail: info@msmakanleafin.com
All lending activities conducted through the App comply with the prudential, consumer protection, and regulatory requirements applicable to NBFCs in India.
We only collect data necessary to provide, maintain, and improve our services. The categories include:
Personal Identifiers: Name, date of birth, gender, mobile number, government-issued identification numbers (e.g., Aadhaar, PAN).
Contact Details: Residential address, e-mail address, emergency contact information (if provided).
Financial Information: Bank account numbers, electronic wallet details, repayment history, and income documentation.
Device Information: Model, operating system version, IP address, IMEI, and unique device identifiers.
Usage Metrics: Login timestamps, session length, clickstream data, crash logs, and interaction with specific features.
Location Data: Approximate or precise geolocation (if you grant permission).
Contacts Metadata: Limited and hashed phone-book entries (names and numbers only, never messages), if you explicitly allow access.
Media Files: Images or documents uploaded to verify identity, address, or income.
The App may request certain device permissions. These are optional and revocable at any time through your device settings.
Camera – capture photos of identification documents or perform a selfie check for KYC.
Photo Library / Gallery – upload stored images of required documents.
Location (GPS / network-based) – confirm eligibility within the service area, detect fraudulent activity, and enhance compliance.
Contacts – assist in building a limited credit profile using encrypted metadata only.
IDFA / Advertising Identifier – measure non-personalised marketing effectiveness and provide service notifications.
If you deny any permission, certain features may be restricted, but core borrowing and repayment functions will remain available wherever possible.
Your data may be used for the following purposes:
Identity Verification & Credit Assessment – ensuring applicants meet eligibility requirements and assessing creditworthiness.
Loan Processing – application review, disbursement of funds, repayment collection, and account management.
Regulatory Compliance – meeting requirements of the Reserve Bank of India and other authorities.
Fraud Prevention & Security – detecting suspicious activity, protecting user accounts, and maintaining platform integrity.
Service Improvement – monitoring performance, troubleshooting technical issues, and enhancing user experience.
Communication – sending notifications regarding loan status, repayments, account activity, or service updates.
We do not sell or rent personal information. Data may be shared only in the following limited cases:
Service Providers – with KYC vendors, credit bureaus, payment processors, and IT service providers essential for delivering the service.
Regulators & Legal Authorities – when disclosure is required by law, court orders, or supervisory bodies.
Auditors & Consultants – under strict confidentiality agreements, for compliance and operational review.
Business Transfers – if the Company undergoes a merger, acquisition, or restructuring, user data may be part of the transferred assets.
All partners are contractually obligated to maintain confidentiality and safeguard your data.
We implement industry-standard technical and organizational measures, including:
Data encryption during transmission and storage
Secure servers with firewalls and intrusion detection systems
Access controls restricted to trained employees with a “need-to-know” mandate
Regular vulnerability assessments and penetration testing
Continuous monitoring for unauthorized access attempts
Subject to applicable law, you have the right to:
Access a copy of the personal data we hold about you
Request corrections to inaccurate or incomplete information
Request deletion of data where retention is no longer necessary
Restrict or object to certain processing activities
Withdraw consent for optional data uses (e.g., marketing or contact access)
File a complaint with the relevant data protection authority if you believe your rights are infringed
To exercise your rights, please contact us at info@msmakanleafin.com. We will respond within statutory timeframes.
Personal data is retained only for as long as necessary to fulfil the purposes described above or as required by law.
Loan and financial records may be kept for regulatory retention periods.
Once retention obligations expire, records are securely deleted or anonymised.
This Privacy Policy may be revised periodically to reflect regulatory updates or service changes. Significant changes will be notified within the App. Continued use of the App after notice of updates constitutes acceptance of the revised terms.
If you have questions or concerns about privacy or data protection, please contact us at:
Email: info@msmakanleafin.com
Address: 42, New Market, Tilak Nagar, New Delhi – 110018