BRIGHTER DAYS AHEAD

OUR NEW CUSTOMER LOAN RATES

Learn about our rates and electronic repayment incentive.

LOAN TERMS

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

The Annual Percentage Rate (APR) calculation in the examples below is an estimate. It may vary slightly based upon your pay frequency and repayment term. Loans up to $1,000 are for a 10 month term. 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.

Always refer to your signed loan agreement contract for details of your loan. The examples in the next section are for illustrative purposes only.

FUNDING

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

PAYMENTS

Your first scheduled payment and last scheduled payment listed on your contract may vary. This is due to the number of days before first scheduled payment and then the principal balance outstanding at time of last scheduled payment. The example below reflects a 10-month repayment term. For all account and balance inquiries visit our self-service portal.

If a payment is 5 days late a charge equal to 10% of the payment due will be applied. Also, a non-sufficient funds/returned item fee of $30 may be applied.

NEW CUSTOMER LOAN EXAMPLES

The payment examples below show the dates and amounts you would pay for a 10-month term loan of $500.

If you make additional payments, your life of loan savings could increase. 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 also rewards applicants who choose automatic payments (via ACH) over payments mailed directly to us. If you choose ACH, we reduce your APR by 25 percentage points. All resulting savings over the life of the loan may vary based upon loan size or pre-payment.

AUTOMATIC PAYMENT

$500 Loan Paid Bi-Weekly
10-Month Term
21 Bi-Weekly Payments of $135.52
700% APR

$4.70 – Payment Savings With Auto Pay

$98.70 – Life of Loan Savings with Auto Pay