PayRupik, the most preferred digital lending platform with over 5 million users, ensures a hassle-free instant personal loan application process at your fingertips.
PayRupik loan approval time takes just 20 minutes.
Here is a Payrupik loan app review: maximum loan amount/limit, eligibility criteria, interest rates, fee charges, reliability, and more.
If you are considering about Payrupik personal loan, First, explore, compare, and secure the best loan – by MyLoanReview.IN
Table of Contents
What is Payrupik loan app
PayRupik is a convenient digital loan app that lets you borrow money quickly and easily. To provide lending services, PayRupik has partnered with RBI-registered NBFC, Sayyam Investments Pvt. Ltd. With the PayRupik loan app, you can avail of personal loans without any paperwork and collateral.
PayRupik loan app details: Personal Loan
| Payrupik App | Personal Loan Details |
|---|---|
| Maximum Loan amount | ₹1,500 to ₹25,000 |
| Interest rate | 29% per annum |
| Loan tenure | up to 120 days |
| Processing fee | 10%+ GST |
| Loan disbursement time | within 15 minutes |
Payrupik Loan App Review
Payrupik is an instant personal loan app of RBI-registered NBFC Sayyam Investment Private Limited. It offers instant personal loans ranging from ₹1,000 to a maximum of ₹20,000 within 15 minutes of submitting your application.
Payrupik Personal Loan comes with interest rates starting from 29% per annum, plus processing fees (Single term: 10%, 2nd EMI: 5% * 2 3rd EMI: 5% * 3, Salary Loan: 10%) which are deducted upfront from the sanctioned loan amount.
You can avail of a Payrupik Personal Loan for a maximum tenure of 120 days. The loan application process is 100% online through the app, fast and efficient, with no physical paperwork required.
I think you have doubts in your mind, that’s is…
Payrupik loan app rbi registered or not
Yes, PayRupik is registered and approved by RBI. It is a financial platform of Sayyam Investments Pvt Ltd, a non-banking financial company (NBFC) registered by RBI under the Companies Act, 1956.
Payrupik real or fake
PayRupik is a genuine and reliable lending platform approved by RBI and trusted by over 5 million users. It is a financial platform of Sayyam Investments Pvt Ltd, an RBI-approved NBFC that ensures its reliability and safety.
With a 100% online loan application process, the loan is disbursed within 15 minutes. PayRupik app is available on Google Play Store and App Store.
Payrupik is safe or not
Payrupik is a safe and secure loan application. Payrupik promises that users’ data is safe with them. It works under RBI authority, Sayyam Investments Pvt Ltd is its RBI-registered NBFC.
How to apply Payrupik loan
- Download & Install the PayRupik app from the Google Play Store.
- Fill Out the simple application form within the app.
- Upload & submit your Aadhaar, PAN, and a selfie for verification.
- Wait for Approval, typically takes 20 minutes.
- Once approved, receive the loan amount in your bank account within 30 minutes.
Payrupik loan eligibility
To be eligible for a Payrupik loan, you must be or have;
- Must be an Indian citizen.
- 21 to 80 years of Age.
- Rs 3,00,000 or more annual household income.
- Minimum 750 or above CIBIL score.
Documents for Payrupik loan
- Aadhar Card
- Valid PAN Card
- Aadhar-linked mobile number
- Bank account
- A selfie
Payrupik loan app download link
Payrupik loan app is available both on the Google Play Store and App Store, Download using the below link:
- Payrupik Loan App – Google Play Store
- Payrupik Loan App – App Store
- Payrupik Loan – Official website
Payrupik loan customer care number
For any assistance or inquiries regarding your Payrupik personal loan, contact Payrupik customer care at the below details;
- Email: service@payrupikloan.in
- Phone: 022-489-30118
Payrupik Loan-related FAQs
What is the Payrupik loan interest rate per month?
The Payrupik loan interest rate is 2.41% per month and 29% per annum.
What is the Payrupik maximum loan amount?
Payrupik offers up to ₹25,000 maximum loan amount.
What is the Payrupik loan disbursement time?
Payrupik claims to disburse the loan within an hour after approval. but, in some cases, it can take up to 24 hours for a loan to be approved and disbursed to your bank account.
What are the Payrupik late fee charges per month?
Payrupik loan late fees are not mentioned on the official website, but the penalty will be charged every day after the loan due date expires.
What is the Payrupik loan approval time?
Payrupik approves the loan within 15 minutes to 24 hours of application.
What happens if I don’t pay my PayRupik loan?
If you don’t repay your PayRupik loan late fee or penalty charge will be levied on the overdue amount every day, and for continued non-payment, a recovery action or legal action will be taken.
Conclusion
In conclusion, Payrupik is a genuine and legitimate lending platform, operated by Sayyam Investments Pvt Ltd, an RBI-approved NBFC. It ensures Payrupik loan is safe and secure. For quick and short-term loans up to Rs 25,000, you can consider a Payrupik loan.
Related;
Here are the positive and negative reviews of the PayRupik app:
Payrupik app review – positive
- Users appreciate the seamless and hassle-free loan application.
- Loans are often disbursed instantly in emergency needs.
- The app has a well-designed and easy-to-navigate interface.
- Suitable for short-term loan needs.
- Many users find this service reliable and satisfactory.
- Many users recommend the Payrupik loan.
Payrupik loan review – negative
Some users say that, about the Payrupik loan;
- Promised one-hour disbursement is often delayed.
- Customer service is difficult to reach.
- Charges up to 40% monthly interest.
- Contracts issued before loan disbursement.
- Collects personal info without delivering loans.
- Loans rejected despite good credit scores.
- Payments are not reflected in the app, causing errors.
- Only offers a one-month repayment period.
- Claims of quick loans are not met.
Thanks for reading “Payrupik Loan App Review”.
