Download RupeeRedee APK for Android (Free)

RupeeRedee is a new age financial services platform that leverages technology for quick and easy lending. We facilitate access to
Instant Personal Loans from Rs 2000 to Rs 25000 for both Employee and Self-employed by connecting borrowers with lenders.

Our lending partner (Fincfriends Pvt Ltd) follows a risk-based dynamic pricing model with loan terms and rates described below

Loan amount: From 2000 to 25000

Minimum payment term (minimum term): 62 days
Maximum Payment Term (Maximum Term): 120 days
Maximum Annual Percentage (APR): 48% to 110%

Interest rate: 4% to 6% per month
Approval Fee: 4% Loan Amount (Including GST)
Online Security Fee: 6% Loan Amount (Including GST)
Account management fee: 7% per month in installments (GST included)

A representative example of the total loan cost is provided in the example below:

Description All amounts are in INR Comments
Loan amount 10,000 yen
Loan term 90 days (3 months)

Approval fee 339 + 18% GST = 400 4% of loan amount
Online security fee 508 + 18% GST = 600 6% loan amount
Profit 630 yen
Account management fee ₹ 1780 + 18% GST = 2100 7% loan amount (Each EMI)

Total repayment ₹ 12411 + 18% GST = 12731

Payment Schedule Below-

EMI . monthly interest account principal
Recurring Payment (EMI) Management Fee
1 4400 250 700 3450
2 4400 258 700 3442
3 3931 122 700 3108

Eligibility: Any Indian resident individual aged 18 to 65 with a minimum monthly income of ₹15,000 can apply for a loan through RupeeRedee. We do not discriminate between salaried or self-employed applicants; all are welcome as long as the minimum income criteria are met among other conditions.

Necessary document:

1. Proof of address {document accepted – Aadhaar}
2. Latest photo/selfie
3. PAN card
4. Aadhar XML
5. Bank account / Access to bank account details

Why Ruperedee Needs The Following Permissions:

Location – ACCESS_FINE_LOCATION
Explanation: To collect and monitor the location of the device and the usability of the loan application. This also
help make faster credit risk decisions and ensure KYC compliance as per regulatory guidelines

Camera & Media Access – CAMERA, READ_EXTERNAL_STORAGE, WRITE_EXTERNAL_STORAGE
Explanation: To take KYC documents and selfies to check viability and ensure KYC compliance according to regulatory guidelines

Storage (Read and Write)
Explanation: To upload and download identification documents to complete the KYC process. This speeds up the KYC process for faster approval and provides a seamless experience for customers using the app.

Email: care@ruperedee.com