Term's & Conditions

Welcome to Rupeval. By accessing and using our website, you agree to comply with and be bound by the following terms and conditions. Please read them carefully before using our services. If you do not agree with any part of these terms and conditions, you must not use our website.

Eligibility

By using our website, you confirm that you are at least 18 years old and have the legal capacity to enter into binding agreements. You also agree to provide accurate and complete information when applying for any of our loan products.

Loan Products

We offer a variety of loan products, including but not limited to:

  • Instant Personal Loans
  • Education Loans
  • Car Loans
  • Medical Loans
  • Two Wheeler Loans
  • Marriage Loans
  • Mobile/Laptop Loans
  • Travel Loans
  • Consumer Durable Loans
  • Home Renovation Loans
  • Credit Cards
Each loan product may have specific terms and conditions, including eligibility criteria, interest rates, repayment schedules, and fees. Please review the individual loan product pages for detailed information.

Application Process

1. Application Submission

  • You can apply for our loans by completing the online application form available on our website.
  • You must provide accurate, current, and complete information as prompted by the application form.
2. Verification
  • We will verify the information provided in your application, which may include contacting your employer, financial institutions, and credit bureaus.
  • We reserve the right to reject any application if the information provided is found to be false or incomplete.
3. Approval and Disbursement
  • Upon approval of your application, we will notify you of the loan terms, including the interest rate, repayment schedule, and any applicable fees.
  • The loan amount will be disbursed to your designated bank account after you accept the loan terms.

Repayment

1. Repayment Schedule

  • You agree to repay the loan amount according to the repayment schedule provided at the time of loan approval.
  • Payments must be made on or before the due dates specified in the repayment schedule.
2. Late Payments
  • Late payments may incur additional fees and interest charges as specified in the loan agreement.
  • Failure to make timely payments may result in legal action and negatively affect your credit score.
3. Prepayment
  • You may prepay the loan amount in full or in part at any time. Prepayment terms, including any applicable fees, will be specified in the loan agreement.

Interest Rates and Fees

1. Interest Rates

  • Interest rates for our loan products are determined based on various factors, including your credit score, loan amount, and repayment term.
  • The specific interest rate applicable to your loan will be disclosed at the time of loan approval.
2. Fees
  • Various fees may apply to our loan products, including but not limited to processing fees, late payment fees, and prepayment fees.
  • All applicable fees will be disclosed in the loan agreement.

Privacy and Data Security

1. Personal Information

  • We collect and use your personal information in accordance with our Privacy Policy, which is available on our website.
  • By using our services, you consent to the collection, use, and disclosure of your personal information as described in our Privacy Policy.
2. Data Security
  • We implement reasonable security measures to protect your personal information from unauthorized access, use, or disclosure.
  • However, we cannot guarantee the absolute security of your personal information.

Disclaimers

  • Our website and loan products are provided on an "as is" and "as available" basis without any warranties of any kind, either express or implied.
  • We do not warrant that our website will be uninterrupted, error-free, or free of viruses or other harmful components.
  • We are not responsible for any loss or damage arising from your use of our website or loan products.

Limitation of Liability

To the fullest extent permitted by law, we shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or in connection with your use of our website or loan products, even if we have been advised of the possibility of such damages.

Governing Law

These terms and conditions shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any disputes arising out of or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts of [Jurisdiction].

Changes to Terms and Conditions

We reserve the right to update or modify these terms and conditions at any time without prior notice. Any changes will be effective immediately upon posting on our website. Your continued use of our website after the posting of any changes constitutes your acceptance of such changes.

Contact Us

If you have any questions or concerns about these terms and conditions, please contact us at [Contact Information].

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Personal Loans

A personal loan is a credit facility that does not require collateral and is offered by banks and NBFCs to employed individuals.

Benefits

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Rapid disbursal ensures timely access to funds.

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Simplified application process with minimal documentation requirements.

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Flexible use of funds tailored to your needs.

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Access to substantial loan amounts, potentially exceeding Rs. 40 lakh based on lender approval.

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Eligible borrowers may qualify for pre-approved loans with instant disbursal.

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Choose from various repayment terms, with options extending up to 5 years or more.

Eligibility Requirements for Personal Loans

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Age: Applicants should be between 18 and 60 years old.

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Income: Salaried individuals must have a minimum monthly income of Rs 15,000.

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Credit Score: A credit score of 750 or higher is preferred, as it improves the chances of loan approval and may qualify you for lower interest rates.

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Employment: Only individuals whose salaries are credited to a bank account are eligible.

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Employment Stability: Applicants should have at least one year of continuous employment, with at least six months in their current job.

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Residency: Proof of stable residency, typically at the current address for at least one year.

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Documentation: Required documents include identity proof, address proof, income proof, and bank statements.

Understanding the Annual Percentage Rate (APR) on Personal Loans

At RupeVal, we connect borrowers with a network of trusted lending partners, offering personal loans with APRs typically ranging from 11.29% to 35%. The actual rate depends on your financial situation and loan requirements, ensuring you get a personalized offer.

Key Features of RupeVal's Personal Loans

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Flexible Loan Terms: Loan durations range from a few weeks to a maximum of 60 months (5 years), providing you with options that fit your financial planning.

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Competitive APRs: With APRs starting at 11.29%, we strive to offer you the most favorable rates available through our partners.

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Transparent Fees: All fees, including processing charges, are clearly outlined in the loan agreement to help you understand the total cost of your loan.

Example Loan Scenario

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Loan Amount: ₹5,00,000

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Annual Interest Rate: 11.50%

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Repayment Tenure: 5 years

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Processing Fee: 1.5% of the loan amount (₹7,500)

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APR: 12.16%

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EMI: ₹10,996 per month

Breakdown

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Principal Amount: ₹5,00,000

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Total Interest Charges (at 11.5%): ₹1,59,778

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Loan Processing Fees (at 1.5%): ₹7,500

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Total Amount Paid after 5 Years: ₹6,67,278

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Note: Interest rates and processing fees may vary based on the lender's policies and the specific loan product you choose.

Why Choose RupeVal for Personal Loans?

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Personalized Loan Offers: We match you with loan offers tailored to your financial profile and needs.

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Fast Approval Process: Our streamlined application process ensures quick approval and disbursal.

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Secure and Confidential: We prioritize your privacy and security, ensuring your personal information is protected.

How to Apply for a Personal Loan with RupeVal

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Submit Your Application: Fill out our easy online application form with your basic details.

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Get Matched: Receive loan offers from our lending partners.

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Choose Your Offer: Select the loan offer that best suits your needs.

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Receive Funds: Once approved, the funds are disbursed directly to your account.

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Disclaimer: RupeVal functions as a loan aggregator and provides services on behalf of its partners, who are duly authorized for this purpose.

Office Address

AN 85 Shakuntala Nagar

Rajharsh Colony Kolar

Bhopal, Madhya Pradesh 462042