RupeeRedee is a digital lending platform that offers its customers personal loans tailored to their needs at the click of a button.
RupeeRedee loan app aims to help customers deal with unexpected financial expenses by providing instant and hassle-free cash disbursals through a completely online and secure process.
This blog post explores detailed information about RupeeRedee loans, RupeeRedee reviews, real or fake, RBI approved or not, etc.
Table of Contents
RupeeRedee Review (RupeeRedee Loan Details)
| RupeeRedee App | Loan Details |
|---|---|
| Loan Amount | ₹2,000 to ₹149,000 |
| Interest Rate | 12% to 36% per annum |
| Processing Fee | 10% to 15% of the approved loan amount |
| Minimum Income Requirement | Monthly household income of at least ₹25,000 |
| Repayment Tenure | Up to 12 months |
| Platform Security | Works with RBI-approved NBFC, FincFriends Private Limited |
| Application Process | Fully online, takes only 10 minutes |
| App Downloads | 10M+ downloads from Google Play Store |
| User Rating | 3.7 rating from 191K reviews |
RupeeRedee is a digital lending platform in India that offers loans ranging from ₹2,000 to ₹149,000. RupeeRedee loan interest rates start from 12% to 36% per annum and a processing fee of 10% to 15% of the approved loan amount.
Anyone whose monthly household income is a minimum of Rs 25,000 through any authentic source can apply for an instant loan from the RupeeRedee app.
Borrowers can avail of a loan from RupeeRedee for a maximum repayment period of up to 12 months. RupeeRedee loan can be used for various needs, such as travel, shopping, bill payment, school fees, etc.
RupeeRedee is a safe and secure platform that only works with RBI-approved NBFC FincFriends Private Limited.
RupeeRedee Loan aims to provide cash for unexpected expenses through a completely online process that takes only 10 minutes.
The RupeeRedee app has been downloaded by more than 10M+ users from the Google Play Store and has received a 3.7 rating out of 191K reviews.
RupeeRedee Loan Eligibility Criteria
RupeeRedee Loan eligibility requirements are easy:
- Applicants must be Indian citizens.
- Applicants must be between 18 to 65 years old.
- Minimum Monthly Income should be ₹15000.
- Or Household Income ₹25,000 from any authentic source.
- Both salaried and self-employed individuals are eligible.
- Must have a Valid PAN card and an Aadhaar Card
Documents required for RupeeRedee Loan
Here’s a list of documents needed for a RupeeRedee loan:
- Address Proof (e.g., Aadhaar)
- PAN Card
- Bank Account Details
- Selfie (for identity verification)
RupeeRedee loan apply online: Step-by-step guide
Here’s a step-by-step guide on how to avail a RupeeRedee loan:
- Install the RupeeRedee App from the Google Play Store.
- Register with your mobile number.
- Enter Basic Information and verify your KYC using Aadhaar OTP.
- Choose a Loan Amount and Tenure that suits your needs.
- Upload KYC Documents for final verification.
- Verify Bank Account Details.
- Accept & Sign the loan agreement.
- Get the loan approved and the loan amount disbursed to your bank account.
Important links;
RupeeRedee is RBI approved or not
Yes, RupeeRedee offers loans with RBI-certified NBFCs and banks, FincFriends Private Limited, one of the first 100% digital NBFCs registered with RBI.
In simple words, the RupeeRedee loan app works with RBI-registered NBFC to facilitate instant personal loans.
RupeeRedee Loan App real or fake
The RupeeRedee app claims to be a genuine and safe loan app, with its lender ( FincFriends Private Limited) regulated by the RBI. The platform promises to deposit money into the applicant’s bank account within 10 minutes through a simple loan application process and emphasizes that it values its customers.
However, some online RupeeRedee reviews highlight issues such as:
- High interest rates
- High administrative costs
- Short loan tenures, sometimes only 7 days
- Poor customer service,
- unresponsive support and difficulties in reaching customer care
- Harassment through frequent calls, messages, and emails for repayment
RupeeRedee loan customer care number
For any queries related to RupeeRedee loans, RupeeRedee complaints, or loan repayment, you can contact RupeeRedee customer care through the following:
- Contact Number: 0124-6914100
- Email: [email protected]
In conclusion –
In conclusion, the RupeeRedee app can be a quick and convenient option for those who need short-term instant loans, as it features a completely online application process and fast disbursement features. With suitable loan amounts and attractive charges, RupeeRedee loans can be used for various purposes.
We hope this RupeeRedee loan review has helped you get detailed information about the RupeeRedee loan app and its features.
FAQs
Who is eligible for RupeeRedee?
Any individual between the age of 18 and 65 years with a minimum monthly household income of ₹25,000 from an authentic source is eligible for a RupeeRedee loan.
Is RapidRupee affecting CIBIL score?
Yes, RapidRupee can affect your CIBIL score. Timely repayment of your RapidRupee loan EMI can improve your score, while late payments or defaults can negatively impact it.
How to pay rupeeredee loan
You can pay your RupeeRedee loan through the app. login to the Rupeeredee app, go to the “Repay Loan” section, and follow the instructions to complete the payment with your linked bank account, UPI, debit card, or net banking.
How do I complain to RupeeRedee?
You can complain to RupeeRedee by contacting their customer care at 0124-6914100 or by emailing them at [email protected].
is rupeeredee rbi registered
RupeeRedee is not directly registered with the RBI to offer loans, it has partnered with RBI-registered NBFC (FincFriends Pvt Ltd).
What is the legal name of RupeeRedee?
The legal name of the RupeeRedee platform is MoneyMitra IT Solutions Private Limited, registered under the Companies Act of 2013.
Who is the owner of RupeeRedee loan app?
The RupeeRedee loan app and website are owned, managed, and operated by Money Mitra IT Solutions Pvt Ltd. The CEO of RupeeRedee is Roman Aznabaev.
Is RupeeRedee banned in India?
No, RupeeRedee is not banned in India and continues to operate legally under RBI regulations.
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