Home > Personal Loan > RupeeRedee Personal Loan


RupeeRedee

RupeeRedee is an online financial services platform that lets you borrow money in a quick and hassle-free manner. Any salaried or self-employed individual can apply for loans through this platform. This online financing service provider works in harmony with multiple NBFCs to offer short-term loans. You can apply for a loan through RupeeRedee’s website or mobile application.

RupeeRedee Personal Loan details
Interest rate 0.082% per day
Processing fee Rs.999
Tenure 30 days
Loan amount
  • Up to Rs.11,000 for first-time borrowers
  • Up to Rs.25,000 for existing borrowers
Extension fee 0.5% per day
Service fee 0.918% per day
Late payment penalty 10% each week
Foreclosure/prepayment charges Nil

How does it Work?

To get a loan, you need to either visit RupeeRedee’s website or download the app. After that, you can select the loan amount along with your preferred tenure. The interest you have to pay, approval and service fees, and the amount to be credited to your account will reflect on the website or the app, whichever platform you have chosen.

To complete the application process, you need to share your email address, phone number, Aadhaar number or KYC details, and your bank account details for verification. You then have to upload the documents. If all your documents are legit and you agree with the terms and conditions, you can expect the amount to credited in your account within a few minutes after approval.

The platform offers unsecured loans, so you don’t have to worry about collateral or a guarantor.

How to Apply?

You can download the app from Google Play Store and provide the required details. Alternatively, you can apply through the website.

Eligibility

You need to be between 18 and 65 years of age with a minimum monthly income of Rs.15,000 to get the loan.

Documents Required

You need to submit the following documents to get the loan:

  • A recent photograph
  • PAN card
  • Identity proof: Aadhar card, passport, PAN card, driving license, or voter ID
  • Address proof: Aadhaar card, passport, voter ID, driving license, or utility bill
  • Access to bank account details or bank statements

Features and Benefits

  • This platform is accessible 24/7
  • Average loan application completion time of 5 minutes
  • Paperless application process
  • Minimal documentation
  • No collateral or guarantor required
  • Quick loan disbursal - instant disbursal of loan amount upon executing the loan agreement
  • No foreclosure or prepayment charges

FAQs

1. Can I extend my loan tenure?

Yes, you can extend your loan tenure for a maximum period of the original tenure chosen. The minimum extension period of this loan is 5 days and you can only extend it in multiples of 5. Also, you need to pay an extension fee of 0.5% per day.

2. Can I use the loan to buy gold?

No, you cannot use this loan to purchase gold coins/jewellery/bullions/exchange traded funds/mutual funds. Other prohibited areas include any type of insurance products, investments directed toward wealth management, small savings certificate, capital market use, and any sort of unlawful activity.

3. Can I take more than one loan simultaneously?

No, you can avail another loan only after you have cleared the existing loan. However, there’s no restrictions on the number of times you can apply for a loan.

4. Whom should I contact in case I have any query?

There are multiple channels through which you can contact RupeeRedee. You can call them on 0124-4847111. You can also request a callback from them by filling in the “Request a Callback” form. An executive will call you between 10:00 a.m. and 7:00 p.m. Alternatively, you can also email them on care@rupeeredee.com.

5. Can I get my loan on official holidays?

No, the loan processing happens only on working days, that’s from Monday to Friday, excluding public holidays. Also, any application made after 6:00 p.m. will be processed on the next working day.

6. How will I be notified regarding my application status?

If your application is approved, you will receive an email and mobile notification. The same process is applicable if RupeeRedee demands any additional information.

7. Can I repay my loan with cash?

No, you can only use debit card, online banking, or credit card for repayments. Alternatively, you can also set up automatic repayment by linking your bank account to avoid any slip-ups in timely payments. However, make sure that every month you have sufficient balance in your account.

8. Will RupeeRedee consider my credit score before approving my application?

Yes, your credit score will be considered at the time of approval. However, if you have a poor score or have no credit history, it does not necessarily mean that your loan will be rejected.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.