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|
|Extension fee||0.5% per day|
|Service fee||0.918% per day|
|Late payment penalty||10% each week|
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.
You need to submit the following documents to get the loan:
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.
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.
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.
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 firstname.lastname@example.org.
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.
If your application is approved, you will receive an email and mobile notification. The same process is applicable if RupeeRedee demands any additional information.
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.
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.
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