Bright Loan

Bright Loan is a top choice for securing reliable and personal loans! With just a few clicks on your mobile phone, you can access financial support in a completely new and hassle-free way.

Product Information

• Loan Amount: ₹3,500 to ₹15,000
• Loan Term: 92+ days (minimum period, including renewal), up to 182 days (maximum period, including renewal)
• Maximum Annual Interest Rate: 0.09% per day, with an annual maximum of 32.85%
• Processing Fee: Up to 16% of the loan amount (plus 18% GST)

Example Loan Calculation

For a ₹5,000 loan over 92 days with an interest rate of 0.09% per day:

• Interest Payable: ₹5,000 * 32.85% * 92 / 365 = ₹414
• Maximum Annual Percentage Rate (APR): 32%

For a ₹5,000 loan over 30 days with an interest rate of 0.09% per day:

• Monthly Payable Amount: ₹5,000 * 32.85% / 365 * 30 = ₹135
• Total Repayment: Processing Fee + Interest = ₹590 + ₹135 = ₹725

Loan Uses

Whether you are looking to decorate your home, pay for a wedding, or take a personal or family vacation, Bright Loan provides the financial support you need.

How to Apply

1. Install the App: Download the Bright Loan app.
2. Register: Use your mobile number to register and fill in your information.
3. Agree and E-sign: Review and e-sign the loan agreement and await approval.
4. Receive Funds: Get the money directly into your bank account.

Application Conditions

To be eligible for a loan with Bright Loan:

• Age: 18-45 years old
• Identification: PAN Card and Aadhaar Card
• Contact Information: Mobile number and bank account
• Income: Stable monthly income

Features

1. Quick Approval: After submitting your documents and receiving approval, you can get your loan by filling in your ID information.
2. Convenient: Money is transferred directly to your account in a short time. The application process is quick and confidential.
3. No Additional Files: Once approved, you can receive funds without needing to resubmit files.
4. Privacy Protection: Your privacy is safeguarded with us.

Security

• Data Storage: Data is stored on Aliyun's Mumbai server with Aliyun Cloud Security.
• Encryption: Bank-level encryption technology ensures the protection of your data.
• Transaction Records: Bright Loan only records the transaction SMS you receive on your mobile phone. Personal and OTP SMS are not affected.

Bright Loan provides a simple, secure, and efficient way to access personal loans in India. Download the Bright Loan app today to enjoy fast, reliable financial support at your fingertips.