Rufilo Instant personal loan|Personal loan app for Small Business|Loan for Small Business

Rufilo Instant personal loan|Personal loan app for Small Business|Loan for Small Business

Welcome guys , to a new blog post . In this article we will talk about a new instant personal loan app which provides you instant loan after the approval.This app is made in india and there is no certain thing to be scare of this app. This app is specially designed for the small business owners or we can say that this app is mostly used by self employed persons in india. This personal loan app provides you loan with 100% guarantee. You do not have to worry about anything in this app because the whole process to apply loan from this loan app is Online. This app has over 50 lacs+ downloads over the google play store and you can trust this app because it has a very good rating of 4.5 and this app is also approved by RBI registered NBFCs. Lets talk about the other main things of this app:

Rufilo app Loan amount?

Getting over to the main context of the article. Let us know that what is the minimum and the maximum loan amount that this rufilo loan app can avail to its customers. The person can easiy avail as low as rs.5000- 25,000 to maximum of rs.1,00,000 of the loan amount for their expenses or any other cause .

Instant loan app

Rufilo loan App tenure Rate ? 

 The tenure rate is also very important part for taking the loan. This decides that in how much time the person will repay his loan back. This tenure rate can vary from 3 months to maximum of 24 months that is 2 years. If you are unable to repay the loan amount in tis time period for your loan amount then you will be penalised for not repaying the loan amount on the fixed time.

APR( Annual Percentage rate) of rufilo loan app:

Now we will talk about the next thing that is the APR which you can also call as the Interest rate. The APR has a major impact on the loan because most of the person take loan on the basis of the interest rate only. The APR ranges from 14% to 28% per annum. So you must know that this is the interest rate which will be imposed by the rufilo app on the loan amount taken by you.

Processing fee of rufilo instant personal loan:

Processing fee, you must have heard this term quite often while taking the loan. This fee is mandatory in most of the loan apps . This fee may vary from app to app and also depends on the loan amount that you have borrowed. The processing fee of this Rufilo loan app for small business is 8%.

Rufilo Loan app Eligibility criteria:

Now we must get over to the point of the eligibility criteria for this rufilo loan app which are all given below:

• The minimum age required to apply for rufilo loan is 21 years . it means if your age is below the age of 21 then there is not a chance that you can avail the loan from Rufilo loan App.
• There is also a minimum income criteria to apply for the loan, the criteria is based on if you are a salaried or a self employed person . Hold on , I will tell you about both of them. The minimum salary require for the salaried person is rs. 12,000 per month whereas the income required for the self employed person is rs. 15,000 per month.

Rufilo Loan app Documents Needed:

• The other main important thing to keep in mind while taking the loan is the documents , so let us know that what are the documents that one must requite to apply for the loan through the rufilo instant personal loan app:
• The person must have his identity proof.
• The identity proof like aadhar card and the PAN card are very much needed to apply for the loan. If anyone does not have these proofs then he/she will not be able to apply for the loan through rufilo loan app.
• There is also need of the the selfie of the person so as to complete the whole KYC process . If he KYC process is not completed then he/she is not eligible to apply for the loan through this rufilo personal loan app.

Benefits of Rufilo Instant personal loan app:

Talking about the benefits , then it is very much certain that one must know the benefits of the Rufilo instant personal loan so as to gain more knowledge and benefits:

• The loan approval is very instant in this app.
• The interest rate on the loan amount is quite low.
• The repayment system of this app is very nice.
• The approval of the loan is approved in just 5 minutes after the loan is applied.
• There is no need to provide any collateral or security for the loan.
• The loan is provided very securely because the encryption of the app is very tight.

The rufilo loan app is trusted because it is approved by RBI registered NBFCs.

How to Apply Loan in Rufilo Loan app?

The following steps are the steps that one must know while applying for the loan through the rufilo Instant personal loan app:

• The first step Is to download the app from the Google play store.
• The other step after installing the app is to resister yourself with the OTP.
• Provide all the details such as personal details and all the KYC documents needed as asked from the app step by step.
• Now you will get many offer and you can avail the offer by applying the loan.
• Wait for some moment and then after the approval the loan amount will be directly credited to your wallet or bank account.

So this was the detailed article on the Rufilo Instant personal loan . if you want to know more then you can go to our social media links like youtube where you will get many information about loans. I Hope you liked this post till then bye bye.