Rupee112 Loan
Rupee112 offers instant unsecured personal loans and secured loans against mutual funds up to ₹5 Lakhs for salaried and self-employed individuals in India, with a fully paperless application process. You can repay the borrowed amount within a tenure of 61 days to 1 year at a fixed Annual Percentage Rate of 35%. The entire application process is digital, and funds are disbursed to your account within 10 minutes of approval.
Rupee112 Personal Loan Details
The key details of the Rupee112 Loan are as follows:
| Loan Amount | ₹20,000 to ₹5,00,000 |
|---|---|
| Interest Rate (APR) | 35.00% p.a. (Fixed) |
| Repayment Tenure | 61 days to 12 months |
| Processing Fee | 10% of loan amount + 18% GST |
| Min Age Requirement | 25 years or above |
Features & Benefits of Rupee112 Loan
Below are the attractive features and benefits of the Rupee112 Personal Loan:
- Rupee112 offers unsecured personal loans as well as secured loans against mutual funds.
- For unsecured personal loans, no collateral or security is required. Just valid documents are enough to verify your eligibility.
- Your data is completely safe as Rupee112 uses secure and encrypted systems to protect all your information at every step.
- You have an option to repay your loan before the due date without accruing additional daily interest.
- Repayments can be made through UPI, net banking, debit/credit cards, and 180+ other payment modes.
- Once approved, the loan amount is disbursed directly to your bank account, usually within 10 minutes.
- Rupee112 allows you to apply for a loan anytime, 24/7.
- You can apply via an online loan app and get instant approval with minimal documentation.
- A simple digital upload of documents is involved.
- The loan amount can be used to cover unexpected costs, including home repairs, medical bills, weddings, or urgent loan needs.
- Rupee112 does not levy any upfront fees.
Rupee112 Loan Interest Rates & Charges
The following are the interest rate and other charges involved in getting a Rupee112 personal loan:
- Annual Percentage Rate (APR): 35% (fixed).
- Processing fees: 10% of the loan amount + 18% GST.
- NACH bounce charges: ₹500.
- Delayed payment charges: 0.25% per day of delay in loan repayment.
- Pre-closure charges: Nil.
Compare Rupee112 Loan App with Other Loan Apps
Below is the comparison table for the Rupee112 Loan app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Rupee112 | 35.00% p.a. APR | ₹20,000 - ₹5 Lakhs | 61 to 365 Days |
| SalaryOnTime | 0.25% per day onwards | ₹10,000 - ₹1,20,000 | Up to 12 Months |
| Zype | 18.00% p.a. onwards | ₹3,000 - ₹5 Lakhs | 6 to 36 Months |
| Loanwalle | 2.91% p.m. onwards | ₹10,000 - ₹3 Lakh | 12 to 36 Months |
| Squid Loan | 0.9% per day onwards | ₹5,000 - ₹1 Lakh | 7 to 365 Days |
| LoanPey | 2.00% p.m. onwards | ₹5,000 - ₹1 Lakh | 3 to 12 Months |
| Creditt+ | 0.3% - 0.6% per day | ₹8,000 - ₹35,000 | Up to 3 Months |
| Click My Loan | 12.00% p.a. onwards | ₹6,000 - ₹10 Lakh | 6 to 60 Months |
| TrustPaisa | 18.25% p.a. onwards | ₹2,500 to ₹45,000 | 3 to 6 Months |
| RING | 3.8% p.m. onwards | ₹5,000 - ₹5 Lakh | 3 to 36 Months |
Rupee112 Loan Eligibility Criteria
Eligibility requirements for Rupee112 personal loans for salaried employees and self-employed individuals are mentioned below:
- Indian resident
- Salaried employee or self-employed
- Aged 25 or above
- Must have an active bank account
Documents Required for Rupee112 Loan
You need the following documents to apply for a Rupee112 personal loan:
- Completed personal loan application with selfie photo verification.
- PAN Card
- Aadhaar Card
- Address proof such as Passport, Driving License, Voter ID, Postpaid/ Landline Bill, or Utility Bills
- Bank Statements for the last 3 Months (preferably salary account)
- Identity and age proof
Steps to Apply for Rupee112 Loan Online
You can apply for the Rupee112 loan online by filling out a short online form, uploading your documents, and submitting your application:
- Complete the easy online loan application form by filling in your details.
- Upon uploading your documents, Rupee112 performs swift verification through its secure fintech system.
- You will be notified promptly via phone call or email.
- Upon approval, the loan amount will be transferred to your bank account on the same day you applied.
Rupee112 Customer Care Details
You may contact the Rupee112 customer care team through:
- Rupee112 Customer Care Number: +91-91125-39112
- Rupee112 Email Support: care@rupee112.com
FAQs
No. However, Rupee112 operates as a consumer-facing brand backed by RBI-registered NBFCs.
Rupee112 loan comes at a fixed Annual Percentage Rate (APR) of 35%.
Yes. Rupee112 is a safe digital loan app associated with registered NBFCs such as Aadhaar India Finvest Limited and listed in public directories of digital lending platforms.
Getting a loan approved from Rupee112 usually takes 10 minutes.
You can get anywhere between ₹20,000 and ₹5,00,000, depending on your eligibility and requirements.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.