| Interest Rate | 20% |
| Duration | From 30 Days |
| Access Level | Public |
| Company Name | Moneymitra IT Solution Private limited |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | Vatika Triangle, 7th Floor, Mehrauli Gurgaon Road, Block B, Sushant Lok Phase I, Gurgaon, Haryana - 122002 |
| Category | Mild Loan |
| Company Email | care@rupeeredee.com |
| Views | 1,367 |
RupeeRedee ( Mild Loan )
About RupeeRedee
Looking for an urgent personal loan? RupeeRedee can credit money to your account within 10 minutes through a simple application process. Our NBFC lending partner, FincFriends Private Limited, is a registered NBFC with RBI.
Why Choose RupeeRedee:
- Chota Loan Badi Khushi: Get quick loan approvals and disbursals through a fully online process.
Fast Loan Approval and Quick Disbursal: With a 100% online process, you can get fast approval and quick loan disbursal.
Loans for All Purposes and Needs: Cover emergency expenses, consolidate debt, travel, shop, pay bills, school fees, and much more with our loans.
Flexible Interest Rates and Tenures: Enjoy flexible personal loans with interest rates ranging from 12% to 36% per annum, depending on your credit score. We offer flexible tenure options from 62 days to 6 months for loan repayment.
Transparency and Security: We work exclusively with RBI-certified NBFCs/banks, ensuring our processes are transparent, safe, and secure.
Our Loan Offerings:
Flexi Personal Loan: We offer personal loans ranging from ₹2,000 to ₹25,000 with short repayment tenures of 3-4 months. Required documentation includes just a PAN card and proof of address.
Personal Loan for Self-Employed & Salaried: We offer personal loans for self-employed individuals and salaried employees, ranging between ₹2,000 to ₹30,000 with flexible repayment terms of 3 to 6 months. Required documentation includes a PAN card and proof of address.
Top Features:
- Simple EMIs: Repay in 2-12 months at your convenience.
- 100% Online: The entire application process is paperless.
- Complete Transparency: No hidden costs; all charges are disclosed in the application summary before processing the loan.
FincFriends Private Limited:
Upon approval, you will receive a direct bank transfer within minutes from our lending partner, FincFriends Pvt Ltd, which follows a dynamic risk-based pricing model. Loan terms and rates are described below:
Personal Loan Charges (Example):
- Loan Amount: From ₹2,000 to ₹30,000
- Minimum Tenure: 62 Days
- Maximum Tenure: 365 Days
- Maximum Annual Percentage Rate (APR): 36% to 160%
- Interest Rate: 2.5% to 3% per month
- Processing Fee: Starting at 10% of the loan amount (Inclusive of GST)
- Service Charges: Starting at 3% of the loan amount (Inclusive of GST)
Representative Example:
- Loan Amount: ₹11,000
- Loan Tenure: 3 Months
- Processing Fees (10% incl. GST): ₹1,100
- Service Charges (3% per EMI incl. GST): ₹990
- Interest (32%): ₹583.6
- Amount Disbursed: ₹9,900
Repayment Schedule:
- First Instalment: ₹4,191
- Second Instalment: ₹4,191
- Third Instalment: ₹4,191
- Total Repayment: ₹12,573
Eligibility:
- Must be an Indian national with a valid PAN card and Aadhaar card.
- Must be over the age of 18 years.
- Minimum monthly income should be ₹15,000.
Steps to Avail a Loan:
- Install the RupeeRedee App: Download from the app store.
- Register: Use your mobile number to sign up.
- Enter Basic Information: Provide your personal details and verify your KYC by Aadhaar OTP or upload KYC documents.
- Verify Bank Account: Ensure your bank details are correct.
- Approval: Review charges, provide acceptance, and sign the loan agreement.
- Loan Disbursal: Loan amount will be credited to your bank account upon approval.
Documents Required:
- Address Proof: Acceptable documents include Aadhaar.
- Selfie: For identity verification.
- PAN Card: For financial verification.
- Bank Account: Access to bank account details.
Why RupeeRedee Needs the Following Permissions:
Location - ACCESS_FINE_LOCATION
- Explanation: To collect and monitor the location of your device, ensuring serviceability of your loan application. It also helps in quicker credit risk decisions and ensures KYC compliance as per regulatory guidelines.
Camera & Media Access - CAMERA, READ_EXTERNAL_STORAGE, WRITE_EXTERNAL_STORAGE
- Explanation: To capture KYC documents and selfies for liveness testing, ensuring KYC compliance as per regulatory guidelines.
FAQ
Can loan apps post my pictures on social media?
You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.
Can they auto-debit my account?
If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.
For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.
Can they come to my house or office to arrest me?
99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.
Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.
As for loan apps, they cannot legally come to your house or office to arrest you.
Can this loan app defame me?
Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.
- If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
- How they access your contacts:
- Loan apps need Contact permission to copy your phone contacts.
- They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.
- If you used the app before 2023:
- Before 2023, many loan apps could freely access contacts because the rules were not strict.
- From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.
How do I get rid of their daily messages and calls?
To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)
For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.
https://loansharkreview.com/MessageTemplate
Will this loan apps report me to the Credit Bureau?
In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.
However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.
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