Rate & Terms

About Image
How is the annual percentage rate (APR) determined?
The Annual Percentage Rate (APR) is determined by considering factors such as credit score, loan amount, and income. A CIBIL score of good quality will lead to a lower APR, while a score of poor quality may lead to a higher APR. However, some lenders may apply a fixed APR to all their loans irrespective of credit score.
How do Our Rates and Fees Work?
The APR is the total cost of borrowing. It's the interest rate plus a small processing fee and other costs. It's usually lower than what you'd pay on a credit card. It's the actual cost of your loan that lets you compare loan offers from different lenders. We offer a fixed APR of 35% each year.

Representative Example

Loan Amount APR Tenure Processing Fee GST on Processing Fee Amount Disbursed Total Interest Total Repayment Amount
₹ 20,000 35% 3 Months ₹ 2,000 ₹ 360 ₹ 17,640 ₹ 3,750 ₹ 23,750

Loan Amount & Repayment Period

Minimum loan amount: ₹5,000

Maximum loan amount: ₹1,20,000

Minimum repayment period: 61 days

Maximum repayment period: 365 Days

Note : We do not offer loans that require full repayment in less than 61 days.

Interest Rates & Fees

Annual Percentage Rate (APR): Fixed 35% per annum depending on user profile and lender policy.

Processing Fee: up to 10% of loan amount.

GST: Applicable as per government regulations (currently 18%) on the processing fee.

Late Payment Fee: Charged only if repayment is delayed, as per lender’s terms.

Prepayment Charges: Nil — no penalty for early repayment.

Hidden Charges: None — all costs are disclosed transparently before loan approval.

Company Accreditation

Loans are provided by RBI-registered Non-Banking Financial Companies (NBFCs) partnering with Rupee on time.

Rupee on time acts solely as a technology platform facilitating loan applications between users and lending partners.

"Beware of fraud! Always use our secure Repayment Website Link for loan payments. Do not make direct bank payments. Rupee on time is not responsible for payments made to other accounts."