PayRupik Loan
PayRupik is a digital loan platform that offers a collateral-free instant personal loan of up to Rs. 1,00,000 with a hassle-free application process. PayRupik Loan app is available on Google Play Store and App Store, offering paperless approval, quick disbursal, and customizable loan options. The loan comes with an interest rate of up to 36% p.a. and a processing fee of Rs. 80 to Rs. 2,000 + GST. You can repay the borrowed amount within a 91 to 365-day tenure.
PayRupik Personal Loan Details
Below are the key details of the PayRupik Instant Personal Loan:
| Loan amount | Rs. 1,000 to Rs. 1 Lakh |
|---|---|
| Tenure | 91 to 365 days |
| Interest rate | Up to 36% p.a. |
| Processing fee | Rs. 80 to Rs. 2,000 + GST, depending on the loan tenure & amount |
| Disbursal TAT | Within 15 minutes of approval |
| Age | Above 18 years |
Features & Benefits of PayRupik Instant Personal Loan
The key features and benefits of the PayRupik Personal Loan are as follows:
- Instant personal loans up to Rs. 1,00,000.
- Flexible tenure of 91 to 365 days.
- 100% online paperless process with quick payment options.
- PayRupik is an online loan platform from an RBI-certified NBFC, ensuring transparency.
- Loan amount is disbursed directly into your bank account within 15 minutes of approval.
- Your data is safe with PayRupik as it is transferred over a secure HTTPS connection to the server. The app does not share it with anyone without your consent (except the lenders).
PayRupik Personal Loan Interest Rates & Charges
The following are the interest rate and other charges associated with the PayRupik personal loan:
| Interest rate | Up to 36% p.a. |
|---|---|
| Processing fee | 4% to 25% of the sanctioned loan amount (Rs. 80 to Rs. 2,000) + GST, depending on the loan tenure & amount |
| APR | 20% to 35% p.a. of the sanctioned loan amount |
| Contingent/ payment delay charges |
|
| Repayment extension charges | 10% of the outstanding principal amount + GST |
Compare PayRupik Loan App with Other Loan Apps
Below is the comparison of the PayRupik personal loan with other app-based personal loans:
| App | Loan Amount | Rate of Interest | Tenure |
|---|---|---|---|
| PayRupik Loan | ₹1,000 - ₹1,00,000 | Up to 36% p.a. | 91 - 365 days |
| TrueBalance | ₹5,000 - ₹2,00,000 | 2.4% p.m. onwards | 6 - 12 months |
| Anytime Rupee | ₹2,000 - ₹30,000 | 0.1% - 1% per day | 62 - 90 days |
| Ram Fincorp | ₹4,000 to ₹2 Lakhs | 0.35% to 1% per day | 90 days to 365 days |
| Kundanmal Finance | ₹5,000 - ₹2,00,000 | 1.5% - 2.92% p.m. | 90 - 365 days |
| mPokket | ₹500 - ₹50,000 | 0% - 4% p.m. | Up to 4 months |
| FatakPay | ₹30,000 - ₹5,00,000 | 12% to 35.95% p.a. | 3 months - 3 years |
| Buddy Loan | ₹10,000 - ₹15,00,000 | 11.99% p.a. onwards | 6 months - 5 years |
| PhonePe | ₹5,000 - ₹5,00,000 | 13% - 20% p.a. | Up to 5 years |
| Kamakshi Money | ₹1,000 - ₹2,00,000 | 18% p.a. onwards | Up to 3 months |
PayRupik Instant Personal Loan Eligibility Criteria
The following are the eligibility criteria for the PayRupik instant personal loan:
- The applicant must be an Indian national.
- The applicant must be above 18 years old.
- The applicant must have a steady monthly income source.
- The minimal annual household (husband, wife and their unmarried children aged above 18 years) income eligibility is above Rs. 3 Lakhs by all sources and means.
- The applicant is required to provide their bank account details to disburse the loan amount.
Documents Required for PayRupik Loan
The primary documents required for a PayRupik loan are:
- PAN Card
- Aadhaar Card
- A recent photograph (selfie)
The documents mentioned above are generally sufficient for the initial application process and basic KYC verification for smaller loan amounts. However, depending on the loan amount and the applicant’s financial profile (salaried or self-employed), PayRupik may ask for the following additional documents to verify their income and employment status:
- Salaried individuals: Salary slips of the last 3 months and bank statements of the last 6 months.
- Self-employed individuals: Income Tax Returns (ITR) of the last 2-3 years, profit & loss statements, and bank statements of the last 6-12 months.
How to Apply for a PayRupik Loan Online
- Download and install the PayRupik app.
- Create an account.
- Fill out a simple application form.
- Upload your KYC documents, including your identity proof, address proof, PAN card, and selfie.
- Get approved in just 20 minutes.
- Receive the approved loan amount directly to your account within 30 minutes.
PayRupik Loan Customer Care Details
You can contact the PayRupik loan customer care through any of the following ways:
- Customer Service Number: 022489-30118
- Queries/ Requests Email: service@payrupikloan.in
- Complaints Email: complaint@sayyaminvestments.in (Working Hours: 9 am to 9 pm)
- Customer Service IVR Number: 08068025850
FAQs
PayRupik transfers money to your bank account within 15 minutes of loan approval.
The highest loan amount on PayRupik is Rs. 1 Lakh.
To log in to the PayRupik app, download and install the app and then log in by using your mobile number and password you used for registration, or by using an OTP (One-Time Password) sent to your registered mobile number.
PayRupik is a real and legitimate loan app which is operated by an RBI-registered Non-Banking Financial Company (NBFC) named Sayyam Investments Pvt. Ltd.
- You can use the PayRupik mobile application to repay your PayRupik loan.
- Just log in to the app, navigate to 'My Account', and select from the available online repayment methods.
- Choose a preferred payment method, including personal bank cards (credit and debit cards), net banking, wallets, or UPI (Unified Payments Interface).
- Complete the payment by entering the necessary details.
- You will receive a confirmation SMS and email on successful payment.