PayRupik Instant Personal Loan

PayRupik is an online instant personal loan platform trusted by over 5 million users, providing instant credit within minutes. It is a loan product of Sayyam Investments Pvt Ltd, a registered NBFC under RBI regulations. With PayRupik, you can avail loan amounts up to ₹20,000 quickly, easily, and safely.

Why Choose PayRupik?

Reliable Lending: PayRupik is your trusted friend when it comes to borrowing money without the hassle and excuses. With a seamless and fast application process, obtaining a loan has never been easier.

Loan Details:

• Loan Amount: ₹1,000 to ₹20,000
• Minimum Loan Tenure: 91 days
• Maximum Loan Tenure: 365 days
• Maximum Annual Percentage Rate (APR): 35% per annum
• Processing Fee: ₹80 to ₹2,000 (depending on the loan tenure and amount)
• GST: 18% on the processing fee, in accordance with Indian law and policy

Representative Example

For a loan amount of ₹6,000 with an interest rate of 25% per annum over a tenure of 120 days, the interest payable is calculated as follows:

• Interest: ₹6,000 x 25% / 365 x 120 = ₹493
• Processing Fee: ₹100
• GST: ₹100 x 18% = ₹18
• Total Repayment Amount: ₹6,000 + ₹493 + ₹100 + ₹18 = ₹6,611
• APR: (₹6,611 - ₹6,000) / ₹6,000 / 120 x 365 = 30.97%

Key Features of PayRupik

✔ Transparency: PayRupik is an online loan product from an RBI-certified NBFC, ensuring complete transparency. ✔Instant Personal Loan: Loan amounts are disbursed directly into your account within 15 minutes. The process is 100% online, allowing you to access funds anytime, anywhere. ✔ Efficiency: We process your loan application quickly and efficiently, with no paperwork and no hassle. ✔ Security: Your data is safe with us. It is transferred over a secure HTTPS connection, and we do not share your information with anyone without your consent, except the lenders.

How to Get Started

1. Download and Install the PayRupik App: Available on the app store.
2. Create an Account: Register using your phone number.
3. Upload KYC Documents: Provide your ID, address proof, and PAN card.

Eligibility Criteria

• Nationality: Must be an Indian national.
• Age: Must be over 18 years old.
• Income: Must have a steady monthly income.

Minimal Household Income Eligibility

• Annual Household Income: Above ₹3,00,000 (Three lakhs) from all sources.
• Definition of Household: An individual family unit, i.e., husband, wife, and their unmarried children who are above 18 years old.