King Rupee is your one-stop solution for all your financial concerns. Get collateral-free loans at flexible tenure with low interest rates.
Product Information
- Interest Rates (APR, Minimum to Maximum): 18% to 32% per annum
- Maximum APR: 32%
- Repayment Period (Minimum to Maximum): 6 to 24 months
- Processing Fee: 2-4% of loan amount
Sample APR calculation: For a loan of Rs. 100,000 at 20% interest rate per annum for tenure of 12 months your one time processing fee (@2% of loan amount) will be Rs. 2000 and monthly EMI will be Rs. 9263/-. The net amount credited to you will be Rs 98,000 (post processing fee deduction) and cumulative amount paid back by you will be Rs 1,11,161/- (=Rs 9263 x 12 EMIs), leading to an APR of 24%
Monthly Payment: For ₹5,000 loan of 30 days duration, with interest rate is 0.095% per day, after deducting the processing fee, the interest payable will be as follows:
Monthly Payable Amount= ₹ 5,000*34.7%/365*30 = ₹142.60
Welcome to King Rupee - Instant Personal Loan App! We offer several different kinds of loan types for your every need.