RupeeRedee is a new-age financial services platform that leverages technology to make lending quick and easy. We facilitate access to
instant Personal Loans ranging from Rs 2000 to Rs 25000 for both Salaried and Self-employed customers by connecting borrowers with lender.
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Our lending partner (Fincfriends Pvt Ltd) follow a dynamic risk-based pricing model with loan terms & rates described below
Loan Amount: From ₹ 2000 to ₹ 25000
Minimum Period of Payment (Minimum Tenure): 62 Days
Maximum Period of Payment (Maximum Tenure): 120 Days
Maximum Annual Percentage Rate (APR): 48% to 110%
Interest Rate: 4% to 6% per month
Approval Fees: 4% of Loan Amount (Inclusive of GST)
Online Secure Fees: 6% of Loan Amount (Inclusive of GST)
Account Management Fees: 7% per Monthly Instalment (Inclusive of GST)
Representative Example of the total cost of loan is provided in example below:
Description All Amount are in INR Comments
Loan Amount ₹ 10,000
Loan Tenure 90 Days (3 Months)
Approval Fees ₹ 339 + 18% GST = ₹ 400 4% of loan amount
Online Secure Fees ₹ 508 + 18% GST = ₹ 600 6% of Loan Amount
Interest ₹ 630
Account Mgmt Fees ₹ 1780 + 18% GST = ₹ 2100 7% of Loan Amount (Each EMI)
Total Repayment ₹ 12411 + 18% GST = ₹ 12731
Repayment Schedule Below
EMI Monthly Interest Account Principal
Period Payment (EMI) Mgmt Fees
1 ₹ 4400 ₹ 250 ₹ 700 ₹ 3450
2 ₹ 4400 ₹ 258 ₹ 700 ₹ 3442
3 ₹ 3931 ₹ 122 ₹ 700 ₹ 3108
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Eligibility: Any Indian resident individual aged between 18 – 65 years having a minimum monthly income of ₹ 15,000, can apply for a loan through RupeeRedee. We don’t discriminate between salaried or self-employed applicants; all are welcome as long as minimum income criteria along with other conditions is met.
Documents Required
1. Address Proof {acceptable documents - Aadhaar}
2. Latest Photograph/Selfie
3. PAN Card
4. Aadhar XML
5. Bank Account / Access to bank account details
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