New Customers


Learn about our rates and electronic repayment incentive.


    Your first scheduled loan payment will be at a minimum 7 days from your funding date.

    The Annual Percentage Rate (APR) calculation below is an approximation based upon your pay frequency. The cost of your credit will be clearly disclosed to you in terms of dollar amount of finance charges and the APR according to the principles of Federal Truth in Lending regulations. This is a term installment loan with approximate equal payments, but you have the right to prepay at any time without penalty.

    For all details of your specific loan, always refer to your signed loan agreement contract. If a payment is 5 days late a charge equal to 10% of the payment due will be applied, furthermore, a non-sufficient funds/returned item fee of $30 may be applied.



    In most cases your funds will be electronically deposited via ACH to your bank account on the next business day.



    Please note: Your first scheduled payment and last scheduled payment listed on your contract may vary due to the number of days outstanding before first scheduled payment and principal balance outstanding at time of last scheduled payment.  For all account and balance inquiries visit our self-service portal at https://selfservice.brightlending.com.



    The payment schedule examples below show the dates and amounts you would pay per your contract unless additional payments are made. We encourage customers to pay more than the contracted payment amount and pay back their loan as soon as possible to reduce the amount of finance charges.

    Bright Lending incentivizes applicants who choose electronic repayment via ACH over manual repayment via cashiers check, money order, or personal check by reducing their APR by approximately 25 percentage points. All resulting savings over the life of the loan may vary based upon loan size or pre-payment. A comparative example for your review is illustrated below.


    $500 Loan Paid Bi-Weekly
    10 Month term
    21 Bi-Weekly Payments of $140.22
    725% APR


    $500 Loan Paid Bi-Weekly
    10 Month term
    21 Bi-Weekly Payments of $130.64
    700% APR

    $4.79 – Payment Savings With Auto Pay

    $100.59 – Life of Loan Savings with Auto Pay

    Bright VIP customers, if you initiate your next loan request via a third party provider, the above rates and terms will apply to your loan, if approved.

    Apply directly with Bright Lending to access all of your VIP status benefits.