"Rupee112 is dedicated to providing a quick and hassle-free digital lending solution to our fellow Indians in their time of need, delivering assistance promptly.
**Our Commitment**:
- **Value Our Clients**: We step in to assist our clients during sudden financial crises, such as medical emergencies, credit card debt, debt refinancing, home renovation, and other non-recurring expenses (excluding asset purchases and education).
- **Honesty and Integrity**: We uphold honesty and integrity in all our dealings. We do not offer loans for investments in fixed assets, securities, illegal activities, or post-high school education.
**Why Choose Us?**
1. **Unsecured Personal Loans**: We offer a secure digital platform for borrowing funds quickly during emergencies. Eligibility is determined by your creditworthiness, and no collateral is required. We provide advance salary loans when you lack financial backup to cover unforeseen expenses or losses.
2. **Quick and Secure Loan Disbursement**: Our strength lies in a secure and speedy loan disbursal process. Say goodbye to long waits and extensive documentation. A simple digital upload of required documents is all it takes. Once verified, we approve and transfer your loan within 15 minutes.
3. **Flexibility**: We can help you address multiple unexpected expenses simultaneously, including home/vehicle repairs, medical bills, housing, utilities, weddings, or other family emergencies. Our application process is straightforward with no upfront fees or charges.
**Disclaimer**: Interest rates may be higher compared to long-term loans. We exclusively provide advance salary loans to Indian residents.
**Application Process**:
1. **Share Details**: Complete the easy online loan approval form. Rest assured, your information is safe and secure with us.
2. **Quick Scan**: Upon uploading the required documents, we perform a swift verification through our secure fintech system, manually updated by our team. We maintain strict rules and procedures to prevent misuse of your personal information.
3. **Save the Day Together**: If any discrepancies arise during the loan approval process, we will notify you promptly via phone call or email.
4. **Loan Disbursal in 30 Minutes**: Once everything checks out, we securely transfer the loan amount to your bank account on the same day you applied!
**Eligibility**:
1. Indian Resident
2. Salaried Employee
3. Aged 21 or Above
4. Savings Bank Account Holder
5. Decent CIBIL Score
**Documentation**:
1. Completed Personal Loan Application with Photograph
2. PAN Card
3. Residence Proof (Passport, Driving License, Voter ID, Post-paid/Landline Bill, Utility Bills)
4. Bank Statements for the Last 3 Months (preferably your salary account)
5. Salary Slips for the Last 3 Months
6. Identity & Age Proof
7. Completed Rates and Fees Form
**Loan Details**:
- Monthly Interest Rate: 2.9166
- Offered Annual Percentage Rate (APR): 35% (Fixed)
- Tenure/Repayment Period: 1 - 3 Years
- Minimum-Maximum Loan Amount: INR 10,000- 5,00,000
- Processing Fee: 2%
- GST on Processing Fee (Inclusive): 18%
**Representative Example**:
- Loan Amount: ₹50,000
- APR: 35%
- Tenure: 12 months
- Processing Fee: ₹1000
- GST on Processing Fee: ₹180
- Amount Disbursed: ₹48,820
- EMI: ₹4,998
- Total Repayment Amount: ₹59,978
- Total Interest: ₹9,978
**Company Accreditation**:
We operate under the name VRINDA FINLEASE LIMITED, a registered NBFC (non-banking financial institution) approved by RBI."