Before you borrow
- An instant loan is for a short, temporary need — not for regular spending or to repay another loan.
- Borrow only what you can repay on the due date from your next income.
- Avoid taking several loans at the same time.
Know the full cost
Interest is 0.5% – 1% per day (APR 182.5% – 365%). Check the Key Fact Statement for fees, APR, due date and the exact total. Use the loan calculator first.
Repay on time
On-time repayment keeps your credit score healthy. Late payments are reported to credit bureaus.
If you cannot repay
Contact the lender before the due date and ask about options. Do not take a new loan to repay this one.
Recovery and your rights
Recovery must follow RBI rules: no threats, abuse, odd-hour calls or contacting people in your phone book. Complain to the lender and to us at grievance@brightdhan.in.