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Cash Loan Instant Personal Loan Online best loan app

Rupee Loan – Instant Personal Loan has been built with an intention to help loan-seeking borrowers with their urgent loan requirements online.

Anyone can apply for a Personal loan, Home loan, Business loan, Car Loan, Education Loan within Mobile Rupee – an Instant Personal Loan application.

Loan characteristics:

- Loan amount from ₹,1000 to ₹2,00,000
- Repayment periods from 3 Month to 24 Month
- APR from 3.5% to 12% per annum
- Processing fees range from 2.5% to 5% (GST 18% applies)
- You may be charged up to 0.1 % daily late fees for late payments ( capped to 18% of the principal amount overdue ).
- No other hidden fees applicable to your loans!

Example of Cash calculation:

- Credit ₹5,000 at an APR of 12% (per annum) with a tenure of 61 days
- Interest of loan = ₹5,000 x 12 %/ 365 x 60 = ₹100
- Processing fee of loan = ₹5,000 x 3% = ₹125 (Also on which GST apply of ₹27)
- Total cost of the loan = ₹225
- Total loan amount disbursed will be credit is ₹4,848 (₹5,000 - ₹152)
- Total loan amount to repay will be ₹5,100 (₹5,000 + ₹100)
- Monthly repayments of ₹2,550

Declaimers: This app does not provide any loan only for the tips app.