RapidRupee Personal Loan
Get an instant loan up to Rs. 60,000 without a 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.
RapidRupee Personal Loan Details
Following are the key details of the RapidRupee loan:
| Minimum loan amount | Rs. 1,000 |
| Maximum loan amount | Rs. 60,000 |
| Tenure | 3 to 12 months |
| Interest rate | 12% p.a. |
| Processing fee | Starts from Rs. 349 |
| Time taken for loan sanction | 30 minutes |
| Credit Score | Not required |
RapidRupee Personal Loan Features
- With the RapidRupee app, you can get an instant loan between the range of Rs. 1,000 to Rs. 60,000, depending on your requirements.
- The personal loan interest rates start from as low as 1% per month, i.e. 12% p.a.
- RapidRupee sanctions loans 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 a 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.
- An easy and simple documentation process is involved.
RapidRupee Personal Loan Interest Rates
The 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
The following are the eligibility criteria for the 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:
- Aadhar Card
- PAN Card
- Selfie
How to Apply for a 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 & Selfie.
- You will receive approval in just 20 minutes.
- After approval, you will receive money directly in your bank account in just 30 minutes.
RapidRupee Personal Loan FAQs
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.
The 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.
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
You can repay the borrowed amount in flexible tenure of 3 to 12 months.