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Rates & Terms

DescriptionInterest/Fee
Upfront Processing Fee – To be deducted from approved amount10% - 15% (including GST)
Service Charges3% - 21% (including GST)
Rate of Interest34% - 36% P.A.
Loan Foreclosure/Pre-payment Charges5%
Extension Fee0.5% per day (including GST)
Late Payment Fee4% / INR 550 per EMI
Overdue Interest36% P.A
Overdue Service Fees8.5% per missed EMI Instalment

In case of payment, repayment or partial repayment, amount repaid will be adjusted as per below hierarchy:

  • Processing Fee (deducted at time of disbursement)
  • Extension Fee (if extension availed)
  • Interest
  • Principal
  • Overdue Interest (if in overdue status)
  • Late Payment fee (if in overdue status)
  • Service Charges

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About us

RupeeRedee is a digital platform that helps customers borrow money for their needs at the click of a button.Download App

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Contact

Vatika Triangle, 7th Floor, Mehrauli Gurgaon Road, Block B, Sushant Lok Phase I, Gurgaon, Haryana - 122002

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