RupeeRedee Loan
RupeeRedee offers instant personal loans online ranging from ₹2,000 to ₹2,50,000 with flexible repayment tenures of up to 24 months. The interest rate on RupeeRedee loans ranges from 28.00% to 58% per annum. A processing fee starting from 1.5% of the approved loan amount may also be applicable. Borrowers also have the option to prepay the loan before the end of the tenure, subject to applicable terms and conditions. The platform is operational PAN India, allowing eligible borrowers across the country to apply for loans through a completely digital process.RupeeRedee operates in partnership with FincFriends Private Limited, its captive NBFC partner. FincFriends Private Limited is a Reserve Bank of India (RBI) registered Non-Banking Financial Company (NBFC) and is among the early 100% digital lending NBFCs in India. The company focuses on providing quick and convenient personal loans through a fully digital process, enabling users to apply, get approval, and receive funds directly into their bank account without visiting a physical branch.
RupeeRedee Personal Loan Details
Here are the key details of the RupeeRedee personal loan:
| Loan Amount | ₹2,000 - ₹2,50,000 |
|---|---|
| Rate of Interest | 28.00% - 58% p.a. |
| Tenure | upto 24 months |
| Age | 18 - 65 years |
| Minimum Monthly Income | ₹15,000 |
RupeeRedee Loan Interest Rates & Charges
The following are the interest rates and charges applicable to the RupeeRedee loan:
- Interest Rate: 28.00% - 58% p.a.
- Annual Percentage Rate (APR): 28.00% - 16.00%.
- Processing Charges: starting from 1.5% of the principal loan amount (including GST).
- Service Charges: 10% - 19.50% of the principal loan amount.
- Early Payment Charges: 5% (including GST) on outstanding principal.
- Late Payment Fee: Rs. 1,000.
- Overdue Interest: 28% - 58% p.a. on the outstanding principal in the missed instalment.
- GST: 18%, applicable on all fees except interest.
Features & Benefits of RupeeRedee Loan
- No bank visits required: RupeeRedee loan application process is completely online, allowing you to apply from anywhere without visiting a bank branch.
- Direct transfer to bank account: Once your loan application is approved, the loan amount is transferred directly to your registered bank account, often within minutes.
- No paperwork: The application process is fully digital and paperless, making it fast and convenient to complete your loan application.
- Flexible repayment tenure: Borrowers can repay the loan over flexible tenures ranging from 62 days up to 24 months depending on eligibility.
- Unsecured loan: RupeeRedee loans do not require any collateral or security, making them accessible for individuals who need quick financial assistance.
- Flexible loan amount: You can avail loan amounts starting from ₹2,000 up to ₹2,50,000 based on your eligibility and requirements.
- Multiple usage purposes: The loan can be used for various needs such as paying utility bills, managing medical expenses, planning travel, purchasing consumer durables, paying tuition fees, or servicing your vehicle.
- Prepayment option available: Borrowers can prepay the loan before the end of the tenure by paying a nominal prepayment charge as per the lender’s policy.
Compare RupeeRedee Loan App with Other Apps
Here is the comparison table for the RupeeRedee loan app with other apps:
| App Name | Loan Amount | Starting Interest Rate | Tenure |
|---|---|---|---|
| RupeeRedee | ₹2,000 - ₹2.5 Lakhs | 28.00% per annum | 62 - 24 months |
| Flexsalary | ₹1,000 - ₹3 Lakhs | 18.00% per annum | 3 - 36 months |
| Anytime Rupee | ₹2,000 - ₹3,000 | 0.1% - 1% per day | 2 - 6 months |
| Ram Fincorp | ₹4,000 - ₹2 Lakhs | 1.50% per month | 3 - 12 months |
| Kundan Finance | ₹5,000 - ₹2 Lakhs | 1.50% per month | 3 - 12 months |
| PayMe | ₹500 - ₹5 Lakhs | 1.50% per month | 3 - 24 months |
| Kamakshi Money | ₹1,000 - ₹2 Lakhs | 1.50% per month | 1 - 3 months |
| TrueBalance | ₹5,000 - ₹2 Lakhs | 2.40% per month | 2 - 12 months |
| PayRupik Loan | ₹1,000 - ₹1 Lakhs | Up to 36% p.a. | 3 - 12 months |
| Moneyview | ₹5,000 to ₹10 Lakhs | 14.00% per annum | 3 - 60 months |
RupeeRedee Eligibility Criteria
Qualify for an instant RupeeRedee personal loan by meeting these simple criteria:
| Criteria | Requirements |
|---|---|
| Nationality | Indian citizen |
| Age | 18 - 65 years |
| Monthly Income | Minimum ₹15,000 from any authentic source |
| Occupation | Salaried or self-employed |
Documents Required for RupeeRedee Personal Loan
Apply quickly with these minimal documents & get approved limit within 5 minutes.
- Aadhaar Card
- PAN Card
- Net Banking Details
Steps to Apply for RupeeRedee Loan Online
Applying for a RupeeRedee personal loan is simple and convenient. Earlier the loan application was available only through the mobile app, but now users can also apply directly through the web. Follow these 6 simple steps to apply for a RupeeRedee personal loan online:
- Visit the RupeeRedee website or download the RupeeRedee mobile app and register using your mobile number.
- Complete the KYC verification process in a 100% paperless manner using your Aadhaar and PAN details.
- Verify and link your bank account details for loan disbursement.
- Review the applicable loan amount, interest rate, and charges before proceeding.
- Digitally sign the loan agreement to confirm your application.
- Once approved, the loan amount will be instantly disbursed directly into your bank account.
Login Process of RupeeRedee Personal Loan App
Follow these easy steps to log in RupeeRedee Loan app & access instant loans (works on Android via Google Play Store):
- Download and install the RupeeRedee app from the Google Play Store.
- Launch the app and click on the "Get Started" tab.
- Enter your mobile number to verify your account with an OTP and log in.
- Complete KYC by mentioning personal information, including your PAN card number and email ID.
- Verify the submitted details.
- Securely verify your bank account to complete the registration.
RupeeRedee Loan Customer Care Details
If you need assistance regarding your loan application, repayment, or any other service-related query, you can contact the RupeeRedee customer support team using the details below.
Contact Number: 0124-6914100
Email ID: care@rupeeredee.com
Office Address
7th Floor, Vatika Triangle, Mehrauli-Gurgaon Road, Block B, Sushant Lok Phase I,
Gurugram, Haryana – 122002
RupeeRedee Nodal Grievance Redressal Officer
If your issue is not resolved by the customer support team, you can escalate your complaint to the Nodal Grievance Redressal Officer.
Name: Shivani Jha
Company: Moneymitra IT Solutions Private Limited
Address:
7th Floor, Vatika Triangle, Mehrauli-Gurgaon Road, Block B, Sushant Lok Phase I,
Gurugram, Haryana – 122002
Contact Number: 0124-4699111
Email ID: GRO@rupeeredee.com
FAQs
The minimum loan amount available on RupeeRedee is Rs. 2,000
The interest rate on RupeeRedee Personal Loan ranges from 28.00% to 58% p.a
The minimum income requirement for RupeeRedee Loan is Rs. 15,000 per month through any authentic source.
Not paying your RupeeRedee loan will result in a late payment fee of Rs. 1,000 and an overdue interest of 28.00% to 58% p.a. on the outstanding principal in the missed instalment. It can also reduce your credit score and lead to intense debt collection calls and potential legal action.
You can check your RupeeRedee loan status online by logging in to the official website/ Android app of RupeeRedee using your registered mobile number and OTP. You may also visit the rupeeredee.com/appstatus tracker page to check the current loan status by simply entering your mobile number and application number.
RupeeRedee operates with its lending partner, FincFriends Private Limited, which is a Reserve Bank of India (RBI) registered Non-Banking Financial Company (NBFC).
Yes, RupeeRedee operates with its RBI-registered lending partner, FincFriends Private Limited, making it safe to use.