LoanVanta - Line of credit

LoanVanta is a digital financial service platform developed by Konsala Super Technology Private Limited. The app helps users access digital line of credit services provided by regulated lending partner S.B.N. Leasing and Finance Limited through a simple and streamlined mobile experience.

With LoanVanta, users can register accounts, complete identity verification, review available credit line limits, check utilization and repayment information, and manage account-related services directly within the app.

Key App Functions

Mobile registration and account setup

Identity verification process

View available line of credit limits from regulated partners

Access funds within approved credit limits

Track utilization, repayment schedules, and account details

Digital repayment support within the app

Customer assistance and in-app support services

LoanVanta is designed to provide a user-friendly digital experience with transparent information displayed throughout the process.

Simple Application Process

Download and install LoanVanta

Register using your mobile number

Complete the required verification steps

Review available credit line options

Select an amount to utilize within the approved credit line

Access funds after approval into your verified bank account

Repay digitally through supported payment methods

Line of Credit Information

Eligible Credit Amount: ₹3,000 – ₹90,000

Repayment Tenure: 90 – 210 days

Daily Interest Rate: 0.05%

Service Fee: Up to 2% of utilized amount

GST: 18% applicable on service fee

Annual Percentage Rate (APR): 22% – 28%

Representative Example

Approved Credit Line: ₹60,000

Utilized Amount: ₹60,000

Repayment Period: 210 days

Interest: ₹6,300

Service Fee (2%): ₹1,200

GST on Service Fee: ₹216

Total Charges: ₹7,716

Amount Accessed: ₹60,000

Total Repayment Amount: ₹67,716

Privacy & Security

LoanVanta uses standard security measures to help protect user information. Personal data is collected only for necessary functions such as identity verification, eligibility assessment, customer support, and account management.

Users can review the Privacy Policy within the app for detailed information regarding data collection and usage practices.

Important Information

LoanVanta operates as a digital platform that connects users with regulated financial service providers and facilitates access to line of credit services. The app does not directly issue credit or make lending decisions.

All approvals, terms, utilization limits, and fund access are managed by registered NBFC partners in accordance with applicable regulations.

Users may choose to utilize only part of their approved credit line, subject to partner terms and eligibility requirements.

Users are encouraged to review all applicable terms, repayment obligations, and charges carefully before accepting any financial service product.

For support or assistance, users can contact customer service through the app.