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

Great app for people who want to increase their credit score or get a loan on less credit score. But hidden charges are crazy. e.g pre- processing fee is around 800 along with document charges 500, post service fee & Tech fee which is around 2k per EMI, and just beware of the amount of spam calls you will get in a day. Make sure you pay emi 3 or 4 days before hand as they tend to close their payment gateway and you end up paying a penalty of late fee, bounce charge and others.

Absolutely the worst experience ever. I applied for a small amount of ₹10,000, and they charged me a high processing fee plus GST, but the processing time is never-ending. It’s supposed to be an "instant" loan, but they just take your money and data and make you wait. ​To top it off, the staff is unprofessional. The agent spoke only Hindi, and when I requested English, they promised a callback in 15 mins which never came. For people already suffering in financial pain, DO NOT rely on PayRupik!

"I'm very disappointed with this app. I took a loan and paid all dues on time. After paying all dues, my credit limit shows 41k. However, when I applied for 28.5k again, the loan was rejected after completing all the process. It shows I can apply after 8 days. This is so unfair. I'm very disappointed."

What's new

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