Rufilo provides instant Credit and Small Business loans from RBI-registered NBFCs. Rufilo offers an Instant Credit line of ₹ 5000 to ₹ 25,000 and APR ranges from 14% to 28% for a tenure of 3 months to 24 months.
Example: Small business owners/self-employed can avail instant credit line of ₹10,000. The total processing fee is ~8%. The interest rate is 18% p.a for a tenure of 3 months, amount payable is ₹10,450, and APR of the loan will be 27.54%.IntroductionRufilo, Your Trusted Finance Partner, will be rebranded as Tradofina soon.!
- India’s fastest digital credit line based personal loan app platform. The app provides instant access to credit by RBI-approved NBFCs. Rufilo delivers the fastest line of credit approval experience with 100% paperless, digital KYC process. Once your credit line is approved, the amount is credited into your account in just 5 minutes!
Rufilo Instant Credit Loan App products
Quick Cash - Instant Credit Line
Rufilo offers an instant credit line based personal loan to salaried customers and self-employed store owners. The amount of credit ranges from ₹5000 to ₹25,000 only with PAN, Aadhaar Card for a tenure of 24 months.
Collateral free Small Business Loans
Rufilo offers business capital loan upto ₹1,00,000/- to small business and store owners to meet to run their day to day business activities.
Loans to different type of Priority Sectors
Rufilo also offers loans of up to ₹25,000 to priority sectors, based on RBI definitions. A priority sector loan is provided to women, artisans, small vendors, village and cottage industries, etc.Top category & Businesses who have benefited and availed instant credit from Rufilo
- Instant credit for Kirana Shop, General Store, Grocery Store, Medical Store
- Instant loan for Mobile Recharge and Electronics Shops
- Quick Cash Bakery, Snacks and Juice Shops
- Instant Cash Street vendors, Fruits and Vegetable shopsExamples of EMI, Fees, Interest rates for instant credit products offered by Rufilo app
Loan amount (Principal): ₹ 30,000.
Tenure: 12 months.
Interest Rate: 18% per annum.
Processing Fee (incl. GST): ₹ 750 (2.5%).
Total Interest: ₹ 3,005.
EMI: ₹ 2,750.
Loan amount is ₹ 30,000. Disbursed amount is ₹ 29,250.
Total loan repayment amount is ₹ 33,000.
Total Cost of the Loan = Interest Amount + Processing Fees = ₹3005 + ₹750 = ₹3755.Eligibility Criteria:
• Minimum age - 21 years
• Minimum income ₹12,000 for salaried & ₹15,000 for Small business/vendorsDocumentation:
Rufilo app is a 100% digital loan app; therefore, we don’t require any physical documents!
All you have to do is enter your PAN Card number, upload a digital photocopy of your Aadhaar Card, and click a selfie to avail your instant credit line and business loan.Why Rufilo to avail Instant Credit and Small Business Loan
✔Instant verification and speedy credit disbursement
✔ Fair & Low rate of interest and processing fees
✔ Easy & Convenient repayment options (UPI, Debit Card, Net Banking, Bank Transfer, wallet etc.)
✔ Online personal loan approval in just 5 minutes
✔ No collateral & credit card required
✔100% secured via 256-bit SSL encryption
✔RBI-registered NBFCs with 100% digital approval. The NBFCs are as follows:
- Arnold Holdings Ltd
- Si Creva Capital Services Pvt LtdHow to avail Instant Credit by using Rufilo App
1. Install Rufilo - Instant Credit and Small Business Loan App
2. Register with a mobile number
3. Upload KYC documents and check your personal loan eligibility.
4. Accept the offer and get an instant approval for your loans.
5. Post-approval the loan amount is credited to your account instantlyContact us:
Customer Care Number: 022-48913684
Email: [email protected]
Address: Rupa Renaissance Bldg, Unit No 702, 7th Floor, D-33,
Turbhe MIDC Rd, TTC Industrial Area, Navi Mumbai 400703,
Bug fixes and improvements