Rupee king loan app is another loan app in India where you can obtain quick loan without collateral or paper work. You don’t need to visit any location with your phone, you are good to go.
Their loan processing is very fast within 30 minutes of submitting application your loan will be disburse. With this loan app you can obtain up to ₹ 100,000 at a go.
But is this loan app legit?
Read on to know
Requirement to obtain loan from Rupee king loan app
Before you can obtain loan from this loan app you need to meet up with some requirement which are
Have bank account with which to obtain the loan
Have regular source of income
Reside in India
Be above 18 years of age
Have smart phone with which to obtain the loan
Once you meet up with the following requirement the next thing is to apply for the loan
How to apply for ruppe king loan app
The first step to take is to head over to play store and download the loan app
Register with your name, bvn and other details
You will be ask to bind your ATM card, do so and proceed
Once you are done with registration you will be login to your account
On your dasbboard locate and click on loan
There you will see amount of loan you are eligible to obtain
Click it and wait for disbursement
How much you can obtain from this loan app
With Rupee King loan app you can obtain loan of up to 100,000 at ago but as a first timer you will not be able to up to this.
As you continue to obtain loan from this app, the amount of loan you can obtain will be increase.
Rupee king loan app interest rate and repayment period
Rupee king interest rate is between 10% to 25% per year, depending on the amount of loan obtain and the repayment period, their repayment period is between 7 days to 180 days.
As a first timer, your interest rate will be high and your repayment period will be short. As you continue to obtain loan form this app this will improve.
paying back your rupee king loan app
To payback your loan head over to your dashboard
Click on loan repayment
There you will see deferent option to pay back your loan
Click on one and make payment
Once you make payment it wil reflect on your dashboard
If it does not you should contact them.
What will happen if I default or refuse to pay back
If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.
If you abscond, your name and bank details will be send to appropriate authority for blacklisting which means you will not be able to obtain loan again in India until you pay back and clear your name.
Is rupee king loan app legit
Yes this loan app is legit they will surely give you loan, but they are not not license by appropriate authority.
Our final verdict on Rupee King loan app
Rupee King loan app has given loan to many people in India. They have a lot of negative review on play store as at the time of writing this article.
They are known to send defamatory message to their customer’s contact, so be careful when applying for loan from this app. Only obtain loan that you know you can pay back to avoid had I know.
Above is how to obtain loan from rupee king, as you’ve read above they will surely give you loan but ensure you take loan that you can to avoid embarrassment.
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