Privacy Policy
Magnum Lending Solutions,(hereinafter referred as “Magnum Lending
Solutions/ we / our”) acknowledges the expectations of its customers
(hereinafter referred to as “customer / you/ your”)regarding privacy,
confidentiality and security of personal information that resides with
Magnum Lending Solutions. By registering yourself at www.magnumloans.in
you are giving consent to us & our partnering Banks/NBFCs and Advertisers
to use & disclose your personal information in accordance with this
Privacy Policy. If you don’t agree to the terms of the policy, please do
not use or access Magnum Lending Solutions.
With this consent you authorize us & our partnering Banks/NBFCs and
Advertisers to give you a call/sms/e-mail/WhatsApp or show
banners/videos/text ads on third party sites to offer you their services
for the product you have opted for, imparting product knowledge,
communicate promotional offers running on the website &
offers/products/services shared by the associated third parties;
irrespective of the fact that you have registered yourself under DND (Do
Not Disturb) or DNC (Do Not Call) service, i.e., you authorize us to give
you a call/sms/e-mail/WhatsApp or show banners/videos/text ads on third
party sites from magnumloans.in & partnering Banks/NBFCs and Advertisers
for the above mentioned purposes till 365 days of your registration
and/or last login with us, despite you having opted for DND or DNC.
magnumloans.in does not provide Loans on its own, but ensures your
information is sent to the bank which you have opted for. This Privacy
Policy is made in accordance with applicable laws, associated regulations
and RBI regulations & RBI guidelines.
Information We Collect
Identifying Information: We collect information that could identify you
such as your name, address, telephone number, mobile number, email
address, etc. We may also collect this type of information from you about
others, such as co-borrowers.
Financial Information: We may also collect your credit history, credit
scores, your transaction history, and credit products, rates, and
payments in the course of processing any application for our financial
company partners’ products or services.
Other Information: We also collect information such as demographic data,
data about your online activity, and other information that is not used
to identify you.
How We Collect Information
Information provided by you: We collect information from you when you
enter it or otherwise provide it in connection with an inquiry into our
Services. This information could be provided via an online form, over the
phone, or via other means in which you interact with our Services.
Information from third parties: Information is collected from credit
bureaus, lead generators and other partners who may have data on your
financial profile, home, or other demographic information.
Information from cookies and other tracking technologies: We use cookies,
web beacons, and similar technologies to record your preferences, track
the use of our Site and collect information. This information may include
internet protocol (IP) addresses, browser type, internet service provider
(ISP), referring/exit pages, operating system, date/time stamp, and/or
clickstream data. We may combine this automatically collected log
information with other information we collect about you. You may choose
to set your web browser to refuse cookies, or to alert you when cookies
are being sent. If you do so, please note that some parts of our Sites
may not function properly.
How We Use Information
We may use collected information to:
Deliver the products and services you requested
Improve customer service
Improve our Site
Personalize your user experience
Communicate with you about products or services that may be of interest
to you
Manage our business
magnumloans.in will not sell or rent your personally identifiable
information to anyone other than as specifically noted herein.
Data Retention Period
Magnum Lending Solutions generally keeps your information as long as
reasonably necessary to provide you the services or to comply with
applicable law. However, even after you deactivate your account, VRB can
retain copies of information about you and any transactions or services
in which you may have participated for a period of time that is
consistent with applicable law, applicable statute of limitations or as
we believe is reasonably necessary to comply with applicable law,
regulation, legal process, or governmental request, to detect or prevent
fraud, to collect fees owed, to resolve disputes, to address problems
with our services, to assist with investigations, to enforce applicable
agreements or policies, or to take any other actions consistent with
applicable law.
Data Restriction Protocol
Data destruction ensures that Magnum Lending Solutions manages the data
it controls and processes it in an efficient and responsible manner. When
the retention period for the data as outlined above expires, Magnum
Lending Solutions will actively destroy the data covered by this policy.
Changes to this Privacy Policy
Magnum Lending Solutions has the discretion to update this privacy policy
at any time. When we do, we will revise the date at the top of this page.
We encourage you to frequently check this page for any changes to stay
informed about how we are helping to protect the information we collect.
You acknowledge and agree that it is your responsibility to review this
privacy policy periodically and become aware of modifications.