For a loan of Rs. 1,000,000 with a period of 3 months, the fees charged are as follows:
Monthly interest rate：30%/12=2.5%
Monthly interest：Rs. 1,000,000*30%/12=Rs. 25,000
Monthly service fee：Rs. 1,000,000*0.42%=Rs. 4,200
Monthly payment amount：Rs. 1,000,000/3 + Rs. 1,000,000*30%/12+Rs. 1,000,000*0.42%=Rs. 362,533
Total interest: Rs. 1,000,000*30%/12*3= Rs. 75,000
Total service fee：Rs. 1,000,000*0.42%*3=Rs. 12,600
Total refund fee: Rs. 1,000,000+ Rs. 1,000,000*30%/12*3+ Rs. 1,000,000*0.42%*3= Rs. 1,087,600
1. Minimum and maximum period for repayment: 91 days (shortest, including renewal)-730 days (longest, including renewal)
2. Maximum Annual Percentage Rate (APR): 35%
3. The maximum loan amount is ₹3 Lakhs and the minimum loan amount is 2000 rupee
4. Average interest rate ranging: 1.25% to 2.91% per month (depending on product availed)
5. Processing Fee: 2% to 3.3%
6. Transaction fee: 0
RupeeWay is an online loan market which provides varies of loan products with different terms, users can find all their needs in our market. Our vision is providing our customers with the well-selected and most safe loan products as well as related services. We are a professional loan market who provides well-selected online loan products. Download RupeeWay only, then you can apply for most popular loans in our platform.
Indian Resident 18 years-old and over
Monthly income proof
How to apply?
1. Download RupeeWay from Google Play Store.
2. Select loan you need and click apply.
3. Submit credentials as required.
4. Check and confirm related Loan Agreement
5. Waiting for notification of apply.
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