Rufilo is an online-based platform were lenders designed to provide instant personal loans with minimal documentation digitally.
India’s first SMaRT credit card discovery and instant credit line based personal loan platform. Helping young professionals and self-employed entrepreneurs attain financial stability by getting access to the credit offered by the leading banks and non-banking financial institutions (NBFCs) is our primary objective. Rufilo is India’s best and fastest instant credit platform with zero paperwork. It offers an instant credit line for the customers based on their digital footprints, advanced big data, and AI-driven systems.
Rufilo Personal Loan Eligibility Criteria, Interest Rates, Processing Charges, and Rufilo Credit Line Products:
Rufilo SMaRT Credit Card Discovery:
Smart-Match-and-Responsibility-Tracker (SMaRT) is our unique offering for the next-gen billion Indian consumers and self-employed / small business owners who are underserved by the banking system but have superior capabilities to build a strong credit profile by availing the right credit card.
1. Smart Match: Finding the best credit card is part art, part science. By asking the right questions, we match the credit cards that not only meet your current needs but also serve you in your future credit needs to run the business
2. Responsibility Tracker: The credit card providers look for customers who exhibit good responsibility in their credit usage. We understand this much better. Therefore, our advanced big-data driven capabilities will help us ascertain your creditworthiness and, in turn, increase your chance for successful application.
Rufilo Quick Cash & Personal Loan – Instant Credit Line:
In order to build (or even improve!) your credit score for a successful match, Rufilo offers an instant credit line based personal loan with 12 months validity. QuickCash, as the name suggests, delivers the fastest approval experience. We offer 100% AI-driven digital KYC and lending capabilities to you within the comfort of your home, at work, or even while you are on the go.
The credit line is offered up to Rs.25,000. Once your credit line is approved, you can request to transfer the amount into your account in just 5 minutes! After successful repayment, the credit line is again activated for the next borrowing immediately. Who knew getting a credit line would be this easy!
Smart-Match-and-Responsibility-Tracker (SMaRT) is our unique offering for the next-gen billion Indian consumers who are underserved by the banking system but have superior capabilities to build a strong credit profile by availing the right credit card and getting instant credit line.
Here are some of the key elements of the app:
- Smart Match to the best available credit cards basis your business and personal needs
- Responsibility Tracker to determine your creditworthiness and improve acceptance
- Zero Paperwork and 100% Digital KYC Capabilities
- Instant disbursal (In 5 minutes) to your bank account
- Multiple repayment options via UPI/ Cards/ Paytm/ NACH
Is Rufilo available in my city?
Rufilo is available across the majority of the states & cities all over India. Do not forget to turn on your mobile GPS as the app determines your location eligibility by checking your GPS location on a real-time basis at the time of application.
How to Apply Rufilo Personal Loan?
- Log in/register with the Rufilo app with your contact number. You can also create an account with Rufilo via Google, Facebook, and Truecaller.
- Once you have successfully created your account with Rufilo and registered with the app, you can apply for the instant credit line from the app itself. All you need to do is fill in your basic details and upload a digital photo of the document required.
- Rufilo is a 100% digital platform, does not require any physical document to approve your application. Just enter your basic details along with your PAN Card number and upload a digital photo of your Aadhaar card. You can also verify your Aadhaar by using the e-Aadhaar verification module. The entire application process takes just a couple of minutes!
- To apply for a Rufilo Credit Line, the minimum age of the applicant should be 21 years. Also, below is the income criteria for the same:
- For Salaried Applicant – Minimum monthly income should be Rs.12,000/-
- For Self Employed Applicant – Minimum monthly income should be Rs.15,000/-
- Rufilo offers an instant credit line up to Rs.25,000/- depending on the eligibility of the applicant. The approval amount of every applicant may vary as the same is calculated digitally by considering the digital footprints of the applicant, application details, past credit behavior, etc. You can check your eligible amount using the app itself.
- As soon as you accept the offer, the money gets disbursed into your registered bank account within a few minutes. It’s that fast!
- The interest charged on your credit amount is approximately 18%. However, these details may vary from one applicant to another as the same is digitally calculated. You can find the detailed information of your credit line in the app itself when you apply for the same.
- The system digitally calculates your approval amount with the help of your profile details, past credit behavior, your credit history, etc. You can get a higher approval amount if you continue to make all your repayments on time and maintain a good credit history.
Rufilo Personal Loan Foreclosure, Repayments
- The details of your repayment are mentioned on your app home page. Rufilo also sends you repayment reminders via SMS & notifications to help you make your repayments on-time.
- There are multiple ways by which you can make the repayment. Below are some of the repayment options available on the Rufilo app:
- Net banking
- Debit Card
- UPI transfer
- Bank transfer
- Payment walletsNOTE: All repayments should be made to the company’s official account. Do not make the repayments to any private/individual account to avoid future discrepancies.
- Yes. You can make the repayment before the due date by simply visiting the Rufilo app. You can click on the “PAY NOW” button on your app home screen to make the repayment.
- If you miss your repayment due date, late payment penalty charges are added against your total outstanding. You can read the “Terms & Conditions” to check a detailed bifurcation of the late payment charges. As per RBI requirements, your loan details are sent by us to the credit bureaus (e.g., CIBIL, Equifax, Experian, etc.) Defaults of your repayments will also reflect on your credit report, which may affect your credit score negatively. The majority of the banks and lending institutions check the credit report of the applicant before approving their loan applications. Defaulting on repayments will affect your future loan approvals, and late payment charges will be added against your total outstanding. Therefore, we recommend all customers to make the repayments on-time and maintain a good credit history.
- Can I foreclose my loan? Are there any extra charges for that? Yes. You can foreclose your loan anytime you like. You can visit the Rufilo app and make the payment by choosing from multiple repayment options.
Privacy & Security:
The privacy of Rufilo customer’s information is of the utmost important to Rufilo. Therefore, transactions made via Rufilo are 100% secure via 256-bit SSL encryption
Rufilo Customer Care Number
Customer Care Number: 022-48913684
Before Applying Loan go through Terms of service of Rufilo Personal Loan