PayRupik Instant Personal Loan

Sayyam Investments Pvt Ltd

About this app

PayRupik is an online instant personal loan platform trusted by over 10 million users, provides you instant credit in minutes.
It is a loan product of Sayyam Investments Pvt Ltd which is a registered NBFC under RBI. You can avail loan amount ranging up to ₹50,000, process is fast, easy and safe.

If you are looking for a friend who can easily borrow money without making excuses, PayRupik is your best friend.

Production:
Loan Amount: from ₹1000 to ₹50000

Minimum Loan Tenure: 91 days
Maximum Loan Tenure: 365 days
Maximum Annual Percentage Rate (APR): 35% per annum
Processing Fee: from ₹80 to ₹2000 depend on the loan tenure and amount
GST: 18% on the processing fee in accordance with the law and policy of India

The representative example:
For the loan amount is ₹6000 and the interest rate is 25% per annum and the tenure is 120 days, then the interest payable is calculated as follows:
Interest = ₹6000 x 25% / 365 x 120 = ₹493
Processing Fee = ₹100
GST = ₹100 x 18% = ₹18

The total repayment amount in 120 days shall be ₹6000 + ₹493 + ₹100 + ₹18 = ₹6611
APR = (₹6611 - ₹6000) / ₹6000 / 120 x 365 = 30.97%

Why choose PayRupik?
✔ Transparency: PayRupik is an online loan product from RBI-certified NBFC which is guaranteed to be transparent.
✔ Instant Personal Loan: Loan amounts are disbursed directly into your account within 15 minutes. As the process is 100% online, you can get funds anytime, anywhere.
✔ Efficient: We process your instant loan application instantly in a fast way. No paperwork and no problems as we prioritize your needs.
✔ Security: Your data is safe with us. It is transferred over a secure HTTPS connection to the server, and we do not share it with anyone without your consent except the Lenders.

What should you do first?
1. Download and install the PayRupik App.
2. Create an account.
3. Upload your KYC documents, which includes your ID, address proof, and PAN card.

Eligibility:
You must be an Indian national.
You must be over the age of 18.
You must have a steady source of income on a monthly basis.

Minimal household income eligibility:
Annual household income is above Rs. 3,00,000/- (Three lacs) by all sources and means.
The term ‘household’ shall mean an individual family unit, i.e. husband, wife and their unmarried children who are above the age of 18 years.

Contact us if you have any questions:
[e-mail] or 0224-8930118
Agyathuri, Chamajali, Amingaon Guwahati Kamrup, Assam 781031

Ratings and reviews

worst app ever. if you're in need of money, save yourself the trouble and use other apps. they charge 200% interest for just 28 days of loan. Do not fall for this scam. I'm going to complain to RBI about their extremely high interest rates. I closed the loan before the payment date and I'm sure as hell going to deactivate the account. again, STAY AWAY FROM THIS APP.

I have taken loans from PayRupik two times earlier and both were repaid before the due date without any delay. My repayment history with PayRupik has always been good. However, when I applied for the third time, my application was rejected showing “Audit Failed”. My CIBIL score has not decreased; in fact, it has improved. I request the PayRupik team to kindly review my application again and provide the correct reason for rejection. As a loyal customer expect fair consideration.

I applied for a loan multiple times but my application keeps getting rejected without any proper reason. I have already provided correct details. I also contacted support via email and received a ticket ID, but no response yet. Very disappointing service. Please check my issue and provide the exact reason for rejection.

What’s new

Fixed known issues and improved user experience, making the borrowing process smoother.