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RapidRupee Personal Loan

Get instant loan up to Rs. 60,000 without credit score in just 30 minutes at an interest rate of 1% per month through RapidRupee, a secure instant loan app in India. On approval, the cash is transferred directly to your bank account. You can repay in flexible repayment tenure of up to 12 months.

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RapidRupee Personal Loan Details

Following are the key details of the RapidRupee loan:

Minimum loan amountRs. 1,000
Maximum loan amountRs. 60,000
Tenure3 to 12 months
Interest rate12% p.a.
Processing feeStarts from Rs. 349
Time taken for loan sanction30 minutes
Credit score Not required

RapidRupee Personal Loan Features

  • With RapidRupee app, you can get an instant loan between the range of Rs. 1,000 to Rs. 60,000, depending on your requirement.
  • The Personal Loan Interest Rates start from as low as 1% per month, i.e. 12% p.a.
  • RapidRupee sanctions loan within a timeframe of just 30 minutes.
  • You don’t need to have any credit score to get a RapidRupee personal loan.
  • The borrowed loan amount can be repaid in flexible tenure of 3 to 12 months.
  • A nominal processing of Rs. 349 is levied when availing of the loan. 
  • You are not required to pay any membership or upfront fees.
  • The app is quick, convenient and secure. 
  • The cash is transferred directly to your nick account on approval. 
  • The complete application process can be completed in 4 easy steps. No branch visit is required. 
  • Easy and simple documentation process is involved.

RapidRupee Personal Loan Interest Rates

Rapid Rupee personal loan interest rate is fixed and currently is 1% per month, i.e. 12% per annum. However, the maximum Annual Percentage Rate (APR), including interest rate plus processing fees is 35.9% p.a. The processing fee for a Rapid Rupee loan starts at just Rs. 349.

RapidRupee Personal Loan Eligibility

Following are the eligibility criteria for Rapid Rupee instant loan:

  • Applicant must be aged between 22 and 59 years.
  • Applicant must have a monthly income of at least Rs. 10,000 or above through any authentic source. 
  • RapidRupee loan is available to both salaried and self-employed applicants. 

RapidRupee Personal Loan Documents Required

Once you meet the eligibility criteria mentioned above, you will be required to upload the following documents on the RapidRupee loan app:

How to Apply for RapidRupee Personal Loan?

You can apply for the RapidRupee loan through the Rapid Rupee loan app by following the steps given below:

  • Download the RapidRupee app on your smartphone.
  • Fill in the simple online form by entering all the required details.
  • Upload the required documents like Aadhar, PAN and Selfie.
  • You will receive approval in just 20 minutes.
  • After approval, you will receive money directly in your bank account in just 30 minutes.

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RapidRupee Personal Loan FAQs

Can self-employed people also apply for a RapiRupee loan?

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Rapid Rupee loan is available to both salaried as well self-employed individuals. To be eligible for the RapidRupee loan, one should have a regular source of income and must be earning at least Rs. 10,000 per month. 

How fast can I get the loan amount?

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Rapid Rupee app provides instant loans. If you have all your documents ready, you can complete the application submission process within just 5 minutes. Once your loan is approved, you can receive the approved loan amount instantly after executing the online loan agreement.

Where can I use the RapidRuppe loan amount?

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You can use the loan amount for any purpose you want. Following is just a list of a few purposes for which you can use it:

  • Holiday or travel expenses
  • Household repair or renovation
  • Medical expenses
  • School fees
  • Monthly groceries
  • Rent
  • Vehicle or car repair
  • Paying bills
  • Purchase gifts

What is the repayment tenure for the loan?

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You can repay the borrowed amount in flexible tenure of 3 to 12 months.