RapidLoan is India's best loan app that provides instant personal loans with easy EMI and hassle-free repayment options. LoanFront is a digital product of our RBI registered NBFC Asish Finance Pvt. Ltd.
RapidLoan App is 100% compliant with RBI's digital lending guidelines and built to ISO standards and audited by a Certified Information Systems Auditor (CISA).
RapidLoan is trusted by over 1 million customers in India and has an organic rating of 4.5+ stars, making it one of the highest rated loan apps.
Qualifications
- Indian nationality
- over 23 years old
- Good credit score (over 600)
- Stable monthly income of more than Rs 15,000
You need to provide
- take a selfie
- PAN card
- Aadhaar card as proof of address
our products
Online, paperless, 100% digital product, no physical documents required
1. Flexible Personal Loan:
Get instant cash loans up to ₹ 30,000 within 5 minutes with tenure ranging from 3 months to 12 months.
2. Salaried Personal Loans:
Personal loans are available to finance up to ₹ 80,000 crore with tenors ranging from 3 months to 24 months. Also, provide proof of salary or income and employment details.
Amounts, terms, fees and charges (product details)
Loan Amount: ₹ 1,500 to ₹ 80,000
Loan term: 3 months to 24 months
Interest Rate: 15.95% to 35.95% compounded annually on principal balance compounded monthly
Handling fee: 1% to 7.5% of the loan amount charged according to the risk profile and loan amount
APR range: 0% to 70%, depending on risk profile
*Penalties are only imposed on late scheduled payments. According to Indian law, GST is only applicable on the fee portion. Through various consents and communications, all clients are made aware of these details.
How to get a loan?
Install the RapidLoan application
Sign up with your mobile number and email id
Get KYC and check your loan eligibility using any of the many options on the app
Provide your bank account
Read and sign the loan agreement containing the KFS (Key Facts Statement)
Get the loan amount in your bank account
through easy repayment
●UPI Apps (BHIM, Google Pay, Paytm, PhonePe, Amazon Pay, etc.) and Bharat Billpay - Zero Convenience Fee
●Payment Gateways - RazorPay and Cashfree
●Automatic debit (eNACH/eMandate)
Representative Loan Examples:
Loan Amount: Rs 50,000
Term: 12 months
Interest rate: 17.95% p.a.
Handling Fee: INR 1000 (2%)
Lifetime Registration Fee: INR 250 (one time charge for new customers)
GST Charge: INR 225 (18%)
Amount Allotted: Rs. 48,525
EMI: INR 4,583
Total Repayment: Rs 4,583 X 12 = Rs 54,996
Total Interest: Rs 4,996
April: 23.77%
Total Loan Cost: Rs 54,996 - Rs 48,525 = Rs 6,471
If you need money to pay for purchases such as domestic/international travel, home furniture/appliances, personal emergencies, monthly bill payments, wedding expenses, home repairs, medical expenses, security deposits, etc., then worry not! RapidLoan is here for you.
Why choose RapidLoan?
- Simple application and digital processing
- No collateral or credit card required
- Low interest rate and handling fee
- 100% safe and secure; 24x7 available
- Prepaid offers with cashback
- A variety of loan amount upgrade options
- Foreclosure options at no extra cost
- Trustworthy app with full transparency
RapidLoan adheres to responsible lending practices and is a member of:
Consumer Empowerment Fintech Association - https://faceofindia.org
Digital Lenders Association of India - https://www.dlai.in
customer service:
Working hours: 9.30am to 6.30pm (Monday to Saturday)
Email: asishfinancepl@outlook.com
Tel: 9905665468
