RupeeHere is an Instant Personal Loan Platform for Young Professionals, where they can apply for a Short-Term Personal Loan up to ₹ 5,000 as per their requirement.
The application process is completely online, and on approval, the cash is immediately transferred to the bank account of the user.
Any Indian individual above the age of 18 years, who is salaried or has a monthly source of income may apply for a Personal Loan through the RupeeHere Platform.
1. Install the RupeeHere app from the Play Store.
2. Register yourself via your mobile.
3. Fill in your basic details to check your eligibility.
4. E-sign the agreement.
5. Get cash.
It usually takes anywhere from 4 – 7 days to avail a Personal Loan from a bank, which also requires a lot of documentation and frequent visits to the branch office. However, the RupeeHere Personal Loan process is entirely online, and it hardly takes 15 minutes for the entire process depending on your information. The amount is transferred directly to your bank account, available for use anytime and anywhere as per your convenience.
RupeeHere is a digital platform and is available across all cities in India.
You can take a loan for various reasons - It could be to gift your loved ones, or to take care of a medical emergency or for shopping or an online sale you do not want to miss! Situations and opportunities do not come with a notification, and we at RupeeHere want you to be prepared for anything and everything.
RupeeHere is currently available on android supported by all Android phones and on web.
To apply for loans on RupeeHere, you need to have your PAN Card as your identity proof and one among your Aadhaar Card, Voter ID, Driving License and Passport as your Address Proof.
Yes, the Identity Proof (PAN) and Address Proof (Aadhaar) should belong to the user.
No, the documents are not required to be provided again and again. Once your documents have been successfully verified and your RupeeHere profile is confirmed, you need not re-submit your documents. However, you are required to notify us and upload new documents for verification in case there is any changes in your employment, salary, or residence.
This is the mobile number which is updated in your Aadhaar. For e-signing the Loan Agreement, UIDAI will send you an OTP on this number.
No, a photocopy or scanned copy of your Address Proof (Aadhaar Card/ Masked E-Aadhaar/ Voter ID/ Driving License/ Passport) or PAN Card will not be accepted. We require an original copy of your documents.
No, you can only get the loan amount transferred to your personal savings bank account.
The loan amount is transferred directly to your bank account, which is provided by you during the loan application process.
You need to provide the requisite app permissions before you can login to RupeeHere. If you are not getting the permissions request, please enable the same on ‘Settings’ section of your phone.
An Aadhaar linked mobile is required for Aadhaar based E-signing of the Loan Agreement before a loan can be disbursed to you. You can get your Aadhaar connected to your mobile number by visiting the nearest Aadhaar Centre.
Please ensure that you are taking a clear photo of the original documents. Taking a photo of an existing photo (from another mobile screen or computer screen) may not work.
Usually, the profile confirmation happens within 10 minutes of registration. However, in a few cases we may require some time to verify the profile and the documentation. You will be notified via SMS when your profile is verified.
There could be many reasons including but not limited to poor credit score, illegible documents, information mismatch. We decide the eligibility of every borrower based on parameters provided by our various lending partners. If your loan did not get approved, don’t worry. It is not always or necessarily a reflection of your credit worthiness Whatever the case may be, we will let you know in case your application could not be approved. Also, you may re-apply for a loan in 6 months in such cases.
We need your bank account details to disburse the loan amount.
We need to ensure that the bank account that you have provided belongs to you.
You should be the Primary Bank Account Holder and the account should be a Savings Account. Fixed Deposits and Virtual Accounts will not be accepted. My Bank account could not be verified. What do I do next?
The Loan Agreement is a legally binding agreement that you need to sign before availing a Loan.The agreement states that once a loan is disbursed to you, you are liable to pay back the entire amount with interest and other charges as applicable within the maturity of the loan.
There is no upper age limit to apply for a Personal Loan via RupeeHere. However, the lower age limit for an individual to apply for a Personal Loan on RupeeHere is 18 years.
There is no right time, we are an online platform and you can avail a loan through RupeeHere 24x7x365. As it’s a digital platform, you can do it at anywhere & anytime.
You can only avail one loan at a time on RupeeHere.
Once a loan is approved and disbursed, the loan terms such as amount and repayment date cannot be changed.
Once a loan is approved and disbursed, it cannot be cancelled. Hence, you would need to repay the amount in full to close the loan.
You can repay your loan by heading over to the Repayments section and making an online payment. We support payments via Net Banking, Debit Card, UPI, Paytm Wallet and Bank Transfer.
You can find it by logging into the RupeeHere app.
No. We support loan repayments only through the RupeeHere app via Debit Card, Net-Banking, UPI, Paytm Wallet or Bank Transfer.
Yes, you can repay your loan anytime you wish to do so, even before the repayment date.
As of now, we support online repayments only.
Penalty charges will be applied for everyday that the loan is overdue. Your Credit score will be updated as a defaulter with credit rating agencies (CIBIL, CRIF High Mark etc.) which will make it difficult for you to take loans with any bank or financial institution in the future. Companies also check an individual's credit score and may not offer you employment if your credit score is bad.
No. The entire amount needs to be paid on or before the due date.
Yes, you can make a prepayment on the RupeeHere app before your due date.
You will receive an SMS on repayment and an email confirming the closure of your Personal Loan Account from RupeeHere.
There can be times when, because of network issues or issues with the payment gateway, the money gets debited from your account but it does not get accepted by the payment gateway. In that case, you should get your money back within 7 working days.
0.98‰ per day.
8% of the loan amount for 7days-loan.
12% of the loan amount for 14days-loan.
The processing fee and are deducted from your loan amount and the remaining amount will be disbursed to your account.
Penalty interest 1% per day and ₹100 overdue processing fee.
Since there is some operational effort that goes into performing credit checks and sanctioning the loan, the processing fee is charged upfront from the loan amount. However, this is a standard practice followed by all financial entities.