NextBigLoan: Rs. 61,740 reached the borrower, Rs. 93,800 was demanded back in 40 days

What the public record shows

Directors are named because company directorships are a matter of public record on the Ministry of Corporate Affairs register. Naming a director here is a statement of the record only, and is not an allegation of any kind against any individual.

One documented loan

The loan figures below are taken from the sanction documentation, Key Facts Statement, bank credit record and demand communication of one salaried borrower, reviewed by loantrap.org and published with that borrower's consent. They relate to a single loan. loantrap.org does not say they are typical of this lender's lending generally. Any company named may respond at any time through the corrections channel below, and we will publish the response.

One company, more than one brand

AGF Finlease (India) Limited is recorded as operating more than one consumer-facing brand. A borrower who stops using one app may still be lent to, and pursued by, the same company under a different name — which is why any register check must use the company name.

Other brands recorded for this company: Flexifunds, WePayLoan, LoanForCare, CashKrl.

On the court record

Orders and judgments of a court are public documents. Each is described below as the order itself describes what it did — an interim order is not a final finding, and nothing here is a conclusion of wrongdoing by anyone.

Who owns NextBigLoan? Which company is behind it?

NextBigLoan is operated by AGF Finlease (India) Limited, CIN U65910DL1996PLC075541, incorporated 18 January 1996 at Delhi. The record consulted on 30 July 2026 lists its directors as Rajesh Khera (DIN 02170555), Seema Khera. The brand name is not itself a registered company name — trading under a brand name is common and lawful, but it means a borrower checking any register must search the company name, AGF Finlease (India) Limited.

Is NextBigLoan RBI registered?

On the record consulted on 30 July 2026, the registration position recorded for AGF Finlease (India) Limited is: NBFC registration recorded as B-14.01767. This page makes no finding about whether any registration requirement or exemption applies — that is a question for the Reserve Bank of India. Check for yourself by searching the RBI's published list of registered NBFCs for the company name, AGF Finlease (India) Limited, not for the brand name.

What did a NextBigLoan loan actually cost?

On one documented loan, Rs. 70,000 was sanctioned, Rs. 8,260 was deducted upfront, Rs. 61,740 reached the borrower's account, and Rs. 93,800 was demanded back over 40 days — Rs. 32,060 more than the sum advanced. The Key Facts Statement stated an APR of 320.25%. This site's own annualisation of the documented amounts is 473.8% a year. That is this site's calculation, not a rate stated by the company.

Can NextBigLoan call my office, family or contacts?

No. The RBI Fair Practices Code bars a lender and its recovery agents from contacting your employer, colleagues, family, friends or references, or disclosing your debt to them. Calls are permitted only to you, and only between 8 a.m. and 7 p.m. Abuse, threats and public shaming are prohibited, and the Regulated Entity remains accountable for the conduct of its recovery agents.

How do I file a complaint against NextBigLoan?

Write first to the lender's grievance officer — the address published for this brand is grievance@nextbigloan.com and keep a dated copy. If it is unresolved after 30 days, escalate to the RBI Ombudsman through the Complaint Management System at cms.rbi.org.in. Report the entity or practice on RBI Sachet at sachet.rbi.org.in. For threats, blackmail or misuse of your phone data, report at cybercrime.gov.in or call 1930 without waiting.

Your rights, whatever you owe

The RBI Fair Practices Code binds every regulated lender and its recovery agents. They cannot call you before 8 a.m. or after 7 p.m.; cannot contact your employer, family, friends or references or disclose your debt to them; cannot use abuse, threats or public shaming; must disclose the all-inclusive APR in a Key Facts Statement before you borrow; and may recover only by lawful means. Being unable to repay a loan is, by itself, a civil matter — you cannot be jailed for it, and a threat of arrest over a defaulted loan is itself unlawful pressure. If the pressure has become unbearable, talk to someone today.

Where to report

• • RBI Sachet — sachet.rbi.org.in — to report an entity or an unlawful lending practice.
• • RBI Complaint Management System — cms.rbi.org.in — the RBI Ombudsman, through the Centralised Receipt and Processing Centre (CRPC), after first raising the complaint with the lender’s grievance officer and allowing 30 days.
• • National Cyber Crime Reporting Portal — cybercrime.gov.in — or helpline 1930 — for threats, abuse, data exposure or misuse of phone data.
• • Consumer commission — file online through e-Jagriti (the portal that replaced e-Daakhil) — for deficiency in service or an unfair trade practice.
• • Check the lender yourself — the RBI publishes the list of NBFCs and ARCs registered with it, and a separate list of those whose certificate of registration has been cancelled. Search by the operating company’s name, not the app brand.
• • Free government legal aid — NALSA / SLSA / DLSA, your right under Article 39A. How to apply.

Related pages

• • Check a lender against the RBI register
• • How to report a loan app: every official route, in order
• • The full record, brand by brand

Last updated and what changed

Last updated 29 July 2026. Quoted pages read on 29 July 2026.

• • 30 July 2026 — Page published.