RupeeRedee

RupeeRedee is a new-age financial services platform that leverages technology to make lending quick and easy. We facilitate access to

instant Personal Loans ranging from Rs 2000 to Rs 25000 for both Salaried and Self-employed customers by connecting borrowers with lender.

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

Loan Amount: From ₹ 2000 to ₹ 25000

Minimum Period of Payment (Minimum Tenure): 62 Days

Maximum Period of Payment (Maximum Tenure): 120 Days

Maximum Annual Percentage Rate (APR): 48% to 110%

Interest Rate: 4% to 6% per month

Approval Fees: 4% of Loan Amount (Inclusive of GST)

Online Secure Fees: 6% of Loan Amount (Inclusive of GST)

Account Management Fees: 7% per Monthly Instalment (Inclusive of GST)

Representative Example of the total cost of loan is provided in example below:

Description All Amount are in INR Comments

Loan Amount ₹ 10,000

Loan Tenure 90 Days (3 Months)

Approval Fees ₹ 339 + 18% GST = ₹ 400 4% of loan amount

Online Secure Fees ₹ 508 + 18% GST = ₹ 600 6% of Loan Amount

Interest ₹ 630

Account Mgmt Fees ₹ 1780 + 18% GST = ₹ 2100 7% of Loan Amount (Each EMI)

Total Repayment ₹ 12411 + 18% GST = ₹ 12731

Repayment Schedule Below-

EMI Monthly Interest Account Principal

Period Payment (EMI) Mgmt Fees

1 ₹ 4400 ₹ 250 ₹ 700 ₹ 3450

2 ₹ 4400 ₹ 258 ₹ 700 ₹ 3442

3 ₹ 3931 ₹ 122 ₹ 700 ₹ 3108

Eligibility: Any Indian resident individual aged between 18 – 65 years having a minimum monthly income of ₹ 15,000, can apply for a loan through RupeeRedee. We don’t discriminate between salaried or self-employed applicants; all are welcome as long as minimum income criteria along with other conditions is met.

Documents Required:

1. Address Proof {acceptable documents - Aadhaar}

2. Latest Photograph/Selfie

3. PAN Card

4. Aadhar XML

5. Bank Account / Access to bank account details

Why Rupeeredee Needs the following Permissions:

Location - ACCESS_FINE_LOCATION

Explanation: To collect and monitor the location of your device and access serviceability of your loan application. This also

helps in quicker credit risk decision and ensure KYC compliance as per guidelines of regulator

Camera & Media Access - CAMERA, READ_EXTERNAL_STORAGE, WRITE_EXTERNAL_STORAGE

Explanation: To capture KYC documents and selfie for liveness test and ensure KYC compliance as per guidelines of regulator

Storage (Read and Write)

Explanation: To upload and download the identity documents for completing KYC process. This helps in expediting the KYC process for a faster approval and provides a seamless customer experience while using the app