BrightLoans

BrightLoans is a Digital Lending Application (DLA) developed and operated by VIMANOTECH INDIA PRIVATE LIMITED. We act as a Loan Service Provider (LSP) that enables eligible users to discover, compare, and apply for personal loan offers from RBI-registered Non-Banking Financial Companies (NBFCs).

About BrightLoans

BrightLoans provides a secure digital platform where users can explore eligible loan offers, select a preferred lending partner, complete the loan application process, and track their application digitally.

Once a lending partner is selected, the complete loan journey—including eligibility assessment, document verification, Account Aggregator (AA) consent (where applicable), loan agreement execution, loan disbursement, and repayment services—is facilitated on behalf of the selected RBI-registered NBFC using its authorized systems and APIs.

Important Disclosure

BrightLoans is not a lender, NBFC, or financial institution.

We do not directly lend money or independently approve loan applications. Loan eligibility, approval, sanctioned amount, interest rates, processing fees, repayment schedules, and all other loan terms are determined solely by the selected RBI-registered NBFC.

Submitting a loan application through BrightLoans does not guarantee loan approval.

BrightLoans does not facilitate loans with repayment tenures of 60 days or less, in accordance with Google Play Personal Loans Policy and applicable RBI Digital Lending Guidelines.

Personal Loan Features

Eligible users may apply for personal loans for various financial needs, including:

• Medical expenses

• Education expenses

• Travel expenses

• Emergency financial needs

• Other eligible personal purposes

Representative Loan Terms (Offered by RBI-Registered NBFC Partners)

• Loan Amount: ₹5,000 – ₹1,50,000

• Repayment Tenure: 61 – 365 days

• Annual Percentage Rate (APR): Up to 35% per annum

• Processing Fee: Up to 2% of the loan amount + applicable GST

• Prepayment Charges: Nil

• Late Payment Charges: As specified by the respective lending partner.

Representative Loan Example

• Loan Amount: ₹50,000

• Loan Tenure: 365 days

• APR: 35% per annum

• Processing Fee: ₹1,000 + GST (₹180)

• Net Amount Disbursed: ₹48,820

• Monthly EMI: ₹4,998

• Total Repayment Amount: ₹59,978

• Total Interest Payable: ₹9,978

The above example is provided for illustration purposes only. Actual loan eligibility, sanctioned amount, interest rate, processing fee, repayment schedule, and other applicable charges are determined solely by the selected RBI-registered NBFC.

Current Lending Partner

AVINASH CAPITAL MARKETS PVT. LTD.

RBI-Registered NBFC

RBI Certificate of Registration No.: 05.00580

Website:
https://avinashcapital.com/

LSP Information:
https://avinashcapital.com/lending-service-provider

Email:
care@avinashcapital.com

Phone:
+91-8448894798

For the latest list of RBI-registered lending partners, please visit:

https://brightloans.in/digital-lending-partners

Compliance & Transparency

• Operated by VIMANOTECH INDIA PRIVATE LIMITED

• Functions as a Loan Service Provider (LSP)

• Loans are offered, approved, and disbursed exclusively by RBI-registered NBFC lending partners.

• BrightLoans facilitates the complete digital loan journey on behalf of the selected lending partner using its authorized systems and APIs.

• Where authorized by the lending partner, loan repayments may be facilitated through the BrightLoans application using the lender's approved payment systems and APIs.

• BrightLoans does not facilitate loans with repayment tenures of 60 days or less.

• User information is processed securely in accordance with applicable laws and our Privacy Policy.

Customer Support

Website: https://brightloans.in

Email: care@brightloans.in

Customer Care: +91-8800041445