Last updated: 13 July 2026
These Terms of Use ("Terms") govern your access to and use of the website payledger.in, the Payledger platform, and any related services (collectively, the "Platform"). The Platform is owned and operated by Opticap Holding India Private Limited ("Opticap", "we", "us", "our"), a company incorporated under the Companies Act, 2013 (CIN: U70200DL2023PTC418996), with its registered office at 223, F.I.E., Patparganj Industrial Area, New Delhi, Delhi – 110092, and corporate office at #448, 3rd Floor, 17th Cross Road, Sector 4, HSR Layout, Bengaluru, Karnataka – 560102. "Payledger" is a brand of Opticap Holding India Private Limited.
By accessing or using the Platform, you agree to be bound by these Terms and our Privacy Policy. If you do not agree, please do not use the Platform.
Payledger is a technology platform and lending service provider ("LSP"). All loans and credit facilities sourced or facilitated through the Platform are sanctioned, disbursed, and owned by Nipun Projects and Finance Private Limited (CIN: U74899DL1993PTC054883), a non-banking financial company registered with the Reserve Bank of India under Certificate of Registration No. B-14.01-787 ("Lender" or "RE"), or such other RBI-regulated entities as may be disclosed on the Platform from time to time.
Opticap is not a bank or an NBFC and does not itself lend, accept deposits, or hold customer funds. Credit decisions, interest rates, fees, and terms of any credit facility rest solely with the Lender and are governed by the Key Fact Statement ("KFS") and loan agreement executed between you and the Lender.
The Platform is intended for businesses and their authorised representatives. By using the Platform, you represent that:
Indicative product eligibility criteria (such as minimum GST turnover, business vintage, and geographic coverage) are published on the Platform and may change without notice. Meeting these criteria does not guarantee sanction of any credit facility.
When you submit an application or expression of interest, you authorise us and the Lender to:
Submission of an application does not create any obligation on Opticap or the Lender to sanction a credit facility. Sanction, pricing, limits, and terms are at the Lender's sole discretion and subject to its credit and risk policies. Any indicative limit shown on the Platform is provisional and not a commitment to lend.
Opticap does not charge borrowers any fee that is not disclosed in the KFS issued by the Lender. All interest, fees, and charges applicable to a credit facility will be set out in the KFS and loan documentation before execution, in accordance with the Reserve Bank of India (Digital Lending) Directions, 2025.
You agree not to:
The Platform, including the Payledger name, logo, design, content, and software, is the property of Opticap or its licensors. No rights are granted to you other than a limited, revocable, non-transferable licence to use the Platform for its intended purpose.
The Platform may integrate with or link to third-party services (such as GST Suvidha Providers, Account Aggregators, payment systems, and the Lender's systems). Your use of such services is governed by their respective terms. We are not responsible for the content, availability, or practices of third parties.
The Platform is provided on an "as is" and "as available" basis. To the maximum extent permitted by law, we disclaim all warranties, express or implied, including merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that the Platform will be uninterrupted, error-free, or secure. Nothing on the Platform constitutes financial, legal, tax, or investment advice.
To the maximum extent permitted by law, Opticap shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or for loss of profits, revenue, data, or business opportunity, arising out of or in connection with your use of the Platform. Our aggregate liability for any claim shall not exceed INR 10,000 or the fees paid by you to Opticap in the twelve months preceding the claim, whichever is lower. Nothing in these Terms limits liability that cannot be limited under applicable law.
You agree to indemnify and hold harmless Opticap, its affiliates, directors, officers, and employees from any claims, losses, or expenses (including reasonable legal fees) arising from your breach of these Terms, your violation of applicable law, or information you provide that is inaccurate or misleading.
We may suspend or terminate your access to the Platform at any time, with or without notice, including for breach of these Terms, suspected fraud, or regulatory or legal requirements. Provisions relating to intellectual property, disclaimers, limitation of liability, indemnity, and governing law survive termination. Termination of Platform access does not affect your obligations under any subsisting loan agreement with the Lender.
We may update these Terms from time to time. The "Last updated" date above reflects the latest version. Continued use of the Platform after changes are posted constitutes acceptance of the revised Terms.
These Terms are governed by the laws of India. Subject to any mandatory dispute-resolution mechanism under applicable law, the courts at Bengaluru, Karnataka shall have exclusive jurisdiction over disputes arising out of or relating to these Terms or the Platform.
For questions about these Terms or the Platform, or to raise a complaint, contact us at hello@payledger.in. Details of our grievance redressal mechanism, the Lender's Grievance Redressal Officer, and applicable regulatory policies are available on our Regulatory Disclosures page.