Transparent Pricing
Rate & Terms
Rate & Terms
Indicative terms for Rapidoo Loans. Final rate and tenure depend on your credit assessment.
Loan Amount
₹5,000 – ₹1,00,000
Tenure
3 to 18 months
Interest Rate
18% – 30% p.a. (reducing balance)
Processing Fee
Up to 2% of sanctioned amount
Illustrative figures only - not a binding quote.
Fee Schedule
Processing Fee
Up to 2% of sanctioned amount
Late Payment Charge
2% per month on overdue amount
Foreclosure Charge
Nil
EMI / Cheque Bounce Charge
₹500 per instance
Stamp Duty
As applicable per state
Illustrative EMI Example
On a loan of ₹50,000 over a 12-month tenure at 24% p.a. (reducing balance), the estimated EMI is approximately ₹4,720/month. Your actual rate, tenure, and EMI depend on your credit assessment.
Key Terms
APR
Annual Percentage Rate - the yearly cost of your loan including interest and fees.
Reducing Balance
Interest calculated only on the outstanding principal, which shrinks with each EMI.
Tenure
The total repayment period of your loan, in months.
Moratorium
An agreed period during which no EMI repayment is due.