RupeeRedee Loan
RupeeRedee offers instant personal loans online from ₹2,000 to ₹1,50,000, for tenures ranging from 62 to 360 days. The interest rate for the RupeeRedee loan ranges from 28.00% to 58% per annum, and a processing fee of 5% to 15% is applied on the approved loan amount. You can prepay the loan before the end of the tenure if you want to.
RupeeRedee Personal Loan Details
Here are the key details of the RupeeRedee personal loan:
| Loan Amount | ₹2,000 - ₹1,50,000 |
|---|---|
| Rate of Interest | 28.00% - 58% p.a. |
| Tenure | 62 to 360 days |
| 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: 5% - 15% 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
- The RupeeRedee loan can be utilised for small financial requirements such as planning a budget vacation, paying utility bills, purchasing consumer durables, paying tuition fees, servicing your vehicle, and so on.
- The quantum of loan could be as small as ₹2,000 to ₹1,50,000. The quantum is available as per your requirement.
- The loan is short-term, payable within 62 to 360 days.
- It is an unsecured loan, requiring no collateral/security.
- The loan can be prepaid at any time, with a nominal prepayment fee.
- The whole application process is paperless.
- You can apply for the RupeeRedee loan anytime and from anywhere through their website or mobile app.
- After approval of your application, the money will be transferred directly into your bank account within 10 minutes.
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 - ₹1.5 Lakhs | 28.00% per annum | 62 - 360 days |
| 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:
- Aadhaar Card
- PAN Card
- Net Banking Details
Steps to Apply for RupeeRedee Loan Online
Follow these 6 simple steps for a RupeeRedee personal loan online:
- Download the RupeeRedee mobile app and register with your mobile number.
- Complete the KYC process in a 100% paperless manner with Aadhaar and PAN.
- Verify your bank account details.
- Review the loan charges.
- Sign the loan agreement.
- Get an instant loan disbursed directly to your 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
- Email: care@rupeeredee.com
- Address: Vatika Triangle, 7th Floor, Mehrauli Gurgaon Road, Block - B, Sushant Lok Phase - I, Gurgaon, Haryana - 122002
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.