Description of RupeeRedee

RupeeRedee APK Download

RupeeRedee is a new-age monetary companies platform that leverages expertise to make lending fast and simple. We facilitate entry to
on the spot Private Loans starting from Rs 2000 to Rs 25000 for each Salaried and Self-employed prospects by connecting debtors with lender.

Our lending associate (Fincfriends Pvt Ltd) observe a dynamic risk-based pricing mannequin with mortgage phrases & charges described under

Mortgage Quantity: From ₹ 2000 to ₹ 25000

Minimal Interval of Cost (Minimal Tenure): 62 Days
Most Interval of Cost (Most Tenure): 120 Days
Most Annual Share Price (APR): 48% to 110%

Curiosity Price: 4% to six% monthly
Approval Charges: 4% of Mortgage Quantity (Inclusive of GST)
On-line Safe Charges: 6% of Mortgage Quantity (Inclusive of GST)
Account Administration Charges: 7% per Month-to-month Instalment (Inclusive of GST)

Consultant Instance of the overall price of mortgage is offered in instance under:

Description All Quantity are in INR Feedback
Mortgage Quantity ₹ 10,000
Mortgage Tenure 90 Days (3 Months)

Approval Charges ₹ 339 + 18% GST = ₹ 400 4% of mortgage quantity
On-line Safe Charges ₹ 508 + 18% GST = ₹ 600 6% of Mortgage Quantity
Curiosity ₹ 630
Account Mgmt Charges ₹ 1780 + 18% GST = ₹ 2100 7% of Mortgage Quantity (Every EMI)

Whole Reimbursement ₹ 12411 + 18% GST = ₹ 12731

Reimbursement Schedule Under-

EMI Month-to-month Curiosity Account Principal
Interval Cost (EMI) Mgmt Charges
1 ₹ 4400 ₹ 250 ₹ 700 ₹ 3450
2 ₹ 4400 ₹ 258 ₹ 700 ₹ 3442
3 ₹ 3931 ₹ 122 ₹ 700 ₹ 3108

Eligibility: Any Indian resident particular person aged between 18 – 65 years having a minimal month-to-month revenue of ₹ 15,000, can apply for a mortgage by RupeeRedee. We don’t discriminate between salaried or self-employed candidates; all are welcome so long as minimal revenue standards together with different circumstances is met.

Paperwork Required:

1. Handle Proof acceptable paperwork – Aadhaar
2. Newest {Photograph}/Selfie
3. PAN Card
4. Aadhar XML
5. Financial institution Account / Entry to checking account particulars

Why Rupeeredee Wants the next Permissions:

Location – ACCESS_FINE_LOCATION
Clarification: To gather and monitor the situation of your gadget and entry serviceability of your mortgage utility. This additionally
helps in faster credit score danger determination and guarantee KYC compliance as per tips of regulator

Digicam & Media Entry – CAMERA, READ_EXTERNAL_STORAGE, WRITE_EXTERNAL_STORAGE
Clarification: To seize KYC paperwork and selfie for liveness check and guarantee KYC compliance as per tips of regulator

Storage (Learn and Write)
Clarification: To add and obtain the identification paperwork for finishing KYC course of. This helps in expediting the KYC course of for a sooner approval and gives a seamless buyer expertise whereas utilizing the app