Rupee Free loan app is a loan platform that offers users the opportunity to borrow up to ₹1 lakh, with an EMI tenure of up to 2 years. The app positions itself as one of the best options in the market for quick and accessible loans.
One of the key features of Rupee Free is its collaboration with RBI-registered lending partners, ensuring a reliable and compliant borrowing experience. These partners have years of experience in the lending industry, which adds an extra layer of credibility to the app.
Overall, Rupee Free aims to provide a convenient solution for those in need of financial assistance, making it a noteworthy option for potential borrowers.
Rupee Free Loan App Customer Care & App Details
| Rupee Free Loan Interest Rate | Upto 15% p.a. |
| Personal loan Process | Completely digital |
| Processing Fee | Up to 2% on the loan amount |
| Loan tenure | 60 Days – 2 years |
| Maximum Loan Amount | ₹3,000 – ₹1 Lakh |
| Age Limit | Above 20 years of age |
| Citizenship | Indian Citizen |
| Rupee Free Loan Customer Care Number | Not Available |
| Not Available |
Rupee Free Loan App Eligibility Criteria
- Indian Resident
- Minimum Age: 20 years
- Self Employed / Salaried
Rupee Free Loan Calculation Example
Loan Amount: ₹60,000
Loan Term: 10 Months
Daily Interest Rate: 0.04% – 0.65%
Processing Fee: ₹60,000 × 1% = ₹600
GST (18% on Processing Fee): ₹300 × 18% = ₹58
Total Interest: ₹60,000 × 0.05% × 91 = ₹955
Amount Disbursed: ₹60,000 – ₹300 – ₹58 = ₹945
Total Repayment: ₹60,000 + ₹955 = ₹60,955
Rupee Free Loan Apply Process
- Download the Rupee Free Loan App
- Complete your KYC Process
- Select Amount & EMI Time period
- Lastly! Receive Loan Amount in Your Bank Account.
Is it Safe to Use Rupee Free Loan App ?
It is recommended to avoid downloading this app due to multiple significant issues reported by users. Key concerns include:
1. The app has high loan fees that many users don’t like. For example, one user said they were asked to pay a deposit of ₹1400 but only got a loan of ₹2500, which had to be paid back in just 7 days.
2. Some users say the app might be cheating because it shows repayment dates, but they don’t actually get the money in their bank accounts.
3. Users are worried about possible data breaches, which could put their personal information like files, photos, contacts, and financial details at risk.
4. Many people think this app is a scam instead of a real financial service, and it has been called harassing to its users.
Due to the serious risks and bad experiences reported by many people, it is best not to install this app.
Which loan platform offers personal loans to people with a low CIBIL Score?
You can apply for a personal loan with us (Safeloan Financial Solutions) ! We work with over 50 loan companies to offer different loan options for you. Our platform has helped more than 2 million users, making it a reliable choice for personal loans. With our easy loan application process, you can quickly get the money you need for your emergencies.
You can apply for a personal loan of upto ₹2 lakh with an EMI tenure of a maximum of 2 years. You will get a loan even if you have Zero CIBIL score or a Low CIBIL score. You will also get loan approval even if you don’t have any income proof, salary slip, or bank statement.
What should i do if i am getting Threats from Loan Apps?
You can talk to our team directly, and they will help you overcome these problems. We have expert team members who have extensive experience. Our team will help you get rid of these Threats. If you would like to speak with our team, then book an appointment through this link – Get Consultation
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