Question 1

What are the documents required for a Personal loan?

Accepted Answer

Depending on your credit profile, you may be required to provide KYC documents, such as proof of identity and current address, if deemed necessary. Additionally, you will need to input your banking information. It is advisable to have the necessary documents and proofs readily available when making your application.

Question 2

What happens if I can't repay my personal loan?

Accepted Answer

The outcome may vary depending on the specific lender you have chosen. In general, if you miss 2-3 EMIs (Equated Monthly Installments), it could result in a default being recorded in your credit history. This could potentially pose challenges in obtaining loans in the future.

Question 3

Can I repay my personal loan early?

Accepted Answer

Absolutely! It is indeed possible to prepay your personal loan. Typically, lenders do impose a nominal foreclosure fee, but they generally allow borrowers to make early repayments and settle the loan ahead of schedule.

Question 4

How long does it take to get a personal loan approved with Rupyy?

Accepted Answer

With Rupyy, you can experience the convenience of having your personal loan swiftly approved and disbursed right after completing the hassle-free instant VKYC process.

Question 5

What is the maximum amount I can borrow with a personal loan?

Accepted Answer

With Rupyy, you have the opportunity to secure a loan amount of up to 5 lakhs. By simply applying for a loan, you can promptly and effortlessly check your precise loan offer, ensuring you have access to the information you need without delay.

Question 6

What is the eligibility criteria for a personal loan?

Accepted Answer

The eligibility criteria for a personal loan typically includes factors such as age, income, employment status and more. You can click here for more information on our specific eligibility requirements.

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