At Rupaiya Exchange, we strive to provide the best peer to peer lending/borrowing experience to our users. And thus, transparency is a very important part of our endeavour. We do not have any hidden fees or charges. Rupaiya Exchange does not charge any fees from Lenders. Please carefully read the below mentioned fees and charges applicable to the Borrowers.
Rupaiya Exchange currently, does not charge any registration fees from the users. Anyone can register for free on our platform.
Please note that this is a limited period offer and may change at any time. Register now to avail the offer!
Loan Listing Fees
Rupaiya Exchange shall charge a non-refundable upfront fees of Rs. 500/- for processing your Loan Application. Our credit team will analyze your profile so that we can attract prospective lenders to your loan.
Rupaiya Exchange shall charge a closing fees once your loan gets successfully funded. These charges are based on the loan amount as mentioned below :
|Loan Amount||Closing Fees|
|Upto Rs. 9999||Rs. 1000|
|Upto Rs. 49999||Rs. 3000|
|Upto Rs. 69999||Rs. 4000|
|Upto Rs. 89999||Rs. 5000|
|Upto Rs. 119999||Rs. 6500|
|Upto Rs. 149999||Rs. 8000|
|Upto Rs. 199999||Rs. 10000|
|Upto Rs. 299999||Rs. 15000|
|Upto Rs. 399999||Rs. 20000|
|Above Rs. 3,99,999||6% of Funded Loan Amount|
Government Levies and Taxes as applicable.
For example :-
If your total loan amount is Rs. 5,00,000/- (Five Lakhs) and your loan receives a funding of Rs. 4,00,000/- (Four Lakhs), Rupaiya Exchange shall charge a closing fee of Rs. 24,000/- (6% of 4,00,000) once your loan gets funded successfully.
Types of Loans
We can help you with secured and unsecured Personal and Business Loans.
|Loan Amount||Rs. 5000||Rs. 500000|
|Loan Tenure||6 Months||36 Months|
|Interest Rate (Flat/Year)||15% per Year||36 % per Year|
|Loan Amount||Rs. 50000||Rs. 1000000|
|Loan Tenure||12 Months||36 Months|
|Interest Rate (Flat/Year)||15% per Year||36% per Year|
We do not charge any Prepayment fees.
Late Payment & Collection Charges
When borrowers miss payments and loans become late, Rupaiya Exchange uses best practices from the banking industry to bring the loans back to "current" status.
Rupaiya Exchange shall charge borrowers an interest of 48% per Year of the total default amount or Rs. 50 per Day (whichever is higher) for the tenor of the default.
If there are third parties involved including collection agencies or lawyers, their fee shall be charged to the borrower.