Rupee Box

Product Calculation Formula:

For a loan of Rs 20,000 with a tenor of 120 days, the fees charged are calculated as follows:

• Daily Interest Rate: 18.25%365=0.05%\frac{18.25\%}{365} = 0.05\%
• Interest to be Paid Per Day: 20,000×0.05%=Rs1020,000 \times 0.05\% = Rs 10
• Interest to be Paid Per Month: 20,000×0.05%×30=Rs30020,000 \times 0.05\% \times 30 = Rs 300
• Monthly Payment: 20,000×0.05%×30+20,000120×30=Rs5,30020,000 \times 0.05\% \times 30 + \frac{20,000}{120} \times 30 = Rs 5,300
• Total Interest Fee: 20,000×0.05%×120=Rs1,20020,000 \times 0.05\% \times 120 = Rs 1,200
• Total Payment Amount: 20,000+1,200=Rs21,20020,000 + 1,200 = Rs 21,200

After the loan application is approved, the user will receive a loan principal of Rs 20,000. Upon the loan's maturity, the user's repayment amount will include the total principal plus interest, with no other fees. Notably, there are no hidden costs.

APR and Fees:

• Loan Amount: Minimum Rs 5,000 ~ Maximum Rs 50,000
• Loan Term: 91 days ~ up to 120 days
• Loan Interest Rate (Maximum Annual Interest Rate): 18.25%
• Fees: No hidden fees, all charges are transparent and clear.

Features:

1. High Loan Amount: Borrow up to Rs 50,000 to meet your financial needs.
2. Fast Loan Approval: Enjoy a quick online application process with fast approval and swift disbursement.
3. Secure Loans: Personal information is encrypted and secured throughout the process, ensuring the safety of your data.

Product Application Terms:

• Eligibility:
  • Must be a citizen living in India on a permanent basis.
  • Must be aged 20 years and above.
  • Must be employed with a stable source of income.

Steps to Use the Product:

1. Download the App: Download the Rupee Box application from the Google Play Store.
2. Register: Sign in with your mobile number to create an account.
3. Fill in Personal Information: Complete the application by providing your personal details.
4. Order Review: Your application will be reviewed.
5. Approval: Once approved, the loan amount will be credited to your account.