Loan App Details & Reputation
App Name
RupeeRedee
Tagline/Description
Instant Personal Loan App: Get cash in your account within minutes.
Developer/Company Name
RupeeRedee
Website URL
Social Media Handles
(Not actively present on major platforms)
Contact Information
Email: [email protected]
License and Registration Details
Partnered with RBI-registered NBFC, FincFriends Private Limited.
Latest News/Updates
July 2024: RupeeRedee updated their app with a simplified user interface and enhanced loan tracking features.
Loan Details
Loan Amount (Minimum and Maximum)
₹2,000 to ₹25,000
Interest Rate (Daily, Weekly, Monthly, Annually)
48% to 110% APR (Annual Percentage Rate) (Varies based on risk profile)
Loan Tenure (Minimum and Maximum)
62 days to 120 days
Repayment Options
Flexible repayment through the app.
Fees (Processing, Late Payment, etc.)
Processing fees and late payment charges apply, vary based on loan terms.
Eligibility Criteria (Age, Income, Credit Score, etc.)
- Age: 21 to 55 years
- Indian resident
- Salaried or self-employed
- Valid KYC documents
Documents Required
Aadhaar and PAN card
Loan Purpose
Personal expenses, bill payments, medical emergencies, etc.
App Ratings and Reviews
Google Play Store Rating
4.4 Stars
Apple App Store Rating
Not Available
Trustpilot Rating
Not Available
User Reviews and Feedback
Positive Reviews
Fast and easy loan process, minimal documentation, quick disbursal, user-friendly interface.
Negative Reviews
Concerns about high-interest rates, hidden charges, and aggressive collection practices.
Customer Support
Contact Channels
In-app support, email
Support Hours
Not explicitly mentioned
FAQs and Knowledge Base
Available on website and app
Loan Disbursal and Repayment
Disbursal Time
10 minutes (as advertised), but can vary.
Repayment Options
Flexible repayment through the app using UPI or other payment methods.
Late Payment Fees and Penalties
Late payment and bounce charges apply, details mentioned in loan agreement.
Additional Features
Loan Calculator
Available on the website to estimate EMI and interest.
Referral Programs or Incentives
Earn rewards by referring friends.
Regulatory Compliance
RBI or NBFC License Details
Partnered with RBI-registered NBFC FincFriends Private Limited.
Compliance with Indian Banking Regulations
Yes (through partner NBFC)
Step-by-Step Guide to Using MoneyTap
Download and Install
From Google Play Store
Google Play Store Link
Apple Store Link
Not Available
Registration
Using mobile number
Profile Completion
Basic personal and financial details
KYC Verification
Aadhaar and PAN card verification
Loan Application
Select loan amount and tenure
Repayment
Make repayments through the app.
Important Note
RupeeRedee is known for quick and easy loans, but borrowers should be aware of the high-interest rates and potential charges before applying. Always borrow responsibly and compare options.
Disclaimer
The information presented in this document regarding loan apps is intended for general informational purposes only and is current as of the date of this post. It is compiled from sources believed to be reliable, including official websites, app stores, and user reviews. However, the financial landscape, app features, interest rates, and terms can change rapidly.
Instantloansindia does not endorse any specific loan app or guarantee the accuracy, completeness, or timeliness of the information provided. It is crucial that users verify all information directly with the respective loan app or financial institution before making any financial decisions.
Instantloansindia shall not be held liable for any damages, losses, or liabilities arising from the use or reliance on the information herein. Users are solely responsible for their financial choices and should consult with qualified professionals for personalized financial advice.