PayRupik is an instant personal loan app, serving over 10 million users and backed by Sayyam Investments Pvt Ltd, a registered NBFC. Borrowers can access loans from ₹1,000 to ₹50,000 with fast approval.

The interest rate is up to 35% APR, with a tenure ranging from 91 to 365 days. The entire process is digital. A quick eligibility check and minimal paperwork make it ideal for emergencies.

For example, a ₹6,000 loan at 25% APR for 120 days has a total repayment amount of ₹6,611, which includes interest, processing fee, and GST. Funds are credited directly to the applicant’s bank account.

How to Apply for PayRupik Personal Loan

• Download and install the PayRupik app.
• Create a user account with your details.
• Upload your KYC documents (ID, address proof, PAN card).
• Provide income details and complete the digital process.
• Receive loan disbursement within minutes after approval.

Advantages

PayRupik stands out for its speed and simplicity. With 100% online processing, no paperwork is required and approval generally happens within 15 minutes.

Security is also a highlight. Personal data is transferred through secure channels and is not shared without consent. Transparency in fee structure and eligibility requirements is evident as well.

Disadvantages

Users have reported high interest rates and processing fees. In some cases, actual disbursed amounts are lower than the requested loan after deductions.

Another concern is app accessibility and repeat loan approval. Some have faced login or loan eligibility issues despite prompt payback, which may affect convenience for regular users.

Verdict

PayRupik offers a convenient, fast solution for emergency personal loans. While interest and fees are on the higher end, it is a legitimate and transparent choice for those meeting all eligibility criteria and desiring quick access to funds.