| Interest Rate | 40% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | Royal Rupee |
| Phone 1 | +91 9689999777 |
| Phone 2 | |
| Website or Store | |
| Address | RORD Road, 339, B2 Floor, 17 Pradhra Andesh 524311 |
| Category | Dangerous Loan |
| Company Email | service@royalrupee.in |
| Views | 80 |
Are you in need of quick cash to tackle unexpected expenses? Royal Rupee offers a seamless and secure solution to meet your financial needs. With our user-friendly platform, you can apply for loans ranging from ₹10,000 to ₹100,000 with ease and convenience.
Key Features:
- Flexible Loan Amounts: Borrow anywhere from ₹10,000 to ₹100,000 to suit your financial requirements.
- Convenient Repayment Periods: Choose repayment terms from 3 months to 24 months based on your ability to pay.
- Competitive Interest Rates: Enjoy an APR ranging from 3.5% to 12% per annum, ensuring affordability.
- Transparent Fees: Processing fees range from 2.5% to 5%, with an 18% GST applicable. No hidden charges.
Loan Example: For a loan amount of ₹10,000 at an APR of 12% for 92 days:
- Interest: ₹10,000 x 12% / 365 x 92 = ₹302.47
- Processing Fee: ₹10,000 x 3% = ₹300 (plus GST of ₹27)
- Total Cost: ₹629.47
- Disbursed Amount: ₹9,673 (after deductions)
- Repayable Amount: ₹10,302.47
- Monthly Repayments: ₹3,434.15
Eligibility Requirements:
- Indian resident aged 18 and above
- Valid bank account
- Steady source of monthly income
- Valid identification documents
Security and Privacy: Your data is safeguarded with 128-bit SSL encryption, ensuring all transactions are secure. We respect your privacy and only share your data with lenders with your consent. For more information, visit our Privacy Policy.
Expert Counsel
Beware of the Risks: 10 Crucial Tips for Using Online Loan Apps
While loan apps might seem like a quick fix for financial needs, they often come with significant risks. Here are 10 crucial tips to consider when using online loan applications:
- Prepare for Aggressive Messaging if Payments Are Late Even a single day's delay can result in a flood of harassing messages, particularly on platforms like WhatsApp. If you experience harassment, block the sender to maintain your peace.
- Avoid Borrowing from Other Apps Taking out new loans from different apps to pay off existing debts can worsen your financial situation, leading to a deeper borrowing cycle.
- Beware of High Overdue Interest Rates If you miss a payment, expect daily interest rates ranging from 5% to 7%. These high rates can quickly lead to deeper debt.
- Download Only from Official Sources Always download loan apps from trusted sources like the Google Play Store. Unofficial sites may compromise your personal information, exposing you to cyberbullying.
- Consider Avoiding Loan Apps Entirely Many loan apps are designed to ensnare borrowers in a debt cycle, jeopardizing their financial health and privacy. The safest choice is to explore more secure financial alternatives.
- Watch Out for Extremely Short Repayment Periods Many loan apps have repayment terms lasting only 6 to 14 days, making it challenging for borrowers to fulfill their obligations and potentially trapping them in debt.
- Protect Your Reputation Once a loan app contacts your friends or family to shame you publicly, they have achieved their goal. Some borrowers may opt not to repay the loan, believing the damage is already done.
- Break Free by Ceasing Borrowing To escape the grip of loan sharks, the most effective strategy is to stop borrowing entirely. Although challenging, cutting off access to predatory loans is essential for regaining control over your finances.
- Use Truecaller for Call Management Truecaller is a helpful tool for screening and blocking calls from loan apps, significantly reducing stress and unwanted harassment from lenders.
- Report and Block Harassers If you receive threatening messages on platforms like WhatsApp, take action by blocking the sender and reporting them to WhatsApp and the Google Play Store to protect others.
By keeping these tips in mind, you can shield yourself from the damaging consequences of predatory loan apps and safeguard your financial well-being.
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