LoanVantaPro

LoanVantaPro is a digital financial services platform developed by Konsala Super Technology Private Limited. The app enables users to access digital line of credit facilities offered by its regulated lending partner, S.B.N. Leasing and Finance Limited, through a convenient and streamlined mobile interface.

Through LoanVantaPro, users can create an account, complete identity verification, review their available credit limits, monitor credit utilization and repayment details, and access account management services within the app.

Key Features

Mobile registration and account creation

Digital identity verification

View available credit limits offered by regulated lending partners

Utilize funds within the approved credit limit

Monitor credit usage, repayment schedules, and account information

Make repayments through supported digital payment methods

Access customer support and account assistance within the app

LoanVantaPro aims to deliver a straightforward and convenient digital experience, with relevant product details and applicable charges presented throughout the process.

How It Works

Download and install LoanVantaPro.

Register with your mobile number.

Complete the required identity verification procedures.

Review the available line of credit options.

Choose the amount you wish to utilize within your approved credit limit.

Receive the funds in your verified bank account, subject to approval and applicable conditions.

Repay through the supported digital payment options.

Line of Credit Details

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

Repayment Tenure: 90 – 210 days

Daily Interest Rate: 0.05%

Service Fee: Up to 2% of the utilized amount

GST: 18% on the applicable service fee

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

Illustrative Example
- Approved Credit Limit: ₹10,000
- Amount Utilized: ₹10,000
- Repayment Period: 210 days
- Interest Charges: ₹1,050
- Service Fee (2%): ₹200
- GST on Service Fee (18%): ₹36
- Total Charges: ₹1,286
- Total Amount Accessed: ₹10,000
- Total Repayment Amount: ₹11,286

Actual charges and repayment obligations may vary depending on the amount utilized, duration of use, and applicable terms.

Privacy and Data Protection

LoanVantaPro applies standard security practices to help safeguard user information. Personal data may be processed where necessary to facilitate identity verification, eligibility evaluation, customer assistance, and account-related operations, in accordance with applicable requirements.

Users can consult the Privacy Policy available within the app to learn more about how their information is collected, processed, and protected.

Important Disclosures

LoanVantaPro serves as a digital platform that facilitates access to line of credit services offered by regulated financial institutions. The platform itself does not directly provide credit or independently determine lending approvals.

Credit approval, applicable terms, utilization limits, and fund disbursement are subject to the assessment and decisions of the lending partner, S.B.N. Leasing and Finance Limited, in accordance with applicable regulations.

Users may utilize a portion or the full amount of their approved credit limit, subject to the lending partner's terms, eligibility criteria, and applicable conditions.

Before accepting or utilizing a credit facility, users should carefully review the applicable terms and conditions, interest rates, service fees, repayment schedule, and other associated charges.

For questions or assistance, users may contact customer support through the app.