Magic Rupee: Hassle-Free Personal Loans on Your Phone
Magic Rupee is a personal loan and credit cash loan platform that offers online loan services to ordinary borrowers. The loan application process is completely digital, making it a hassle-free way to get a loan. With Magic Rupee, you can borrow amounts ranging from ₹5,000 to ₹50,000, with a maximum annual percentage rate (APR) of 29.2%.
This loan app offers repayment tenures ranging from 3 to 6 months, making it a flexible option for those who need quick cash. The total cost of the loan is transparently presented to the borrower, with a representative example provided on the app. To be eligible for a loan, you must be an Indian aged between 20 and 52 years old, have a PAN card and Aadhaar card, a mobile number, a bank account, and a stable monthly income.
The loan application process is straightforward and can be completed in just four steps. First, you need to register and log in to the app. Then, submit your information for the loan application. Next, your information will be audited, and if approved, the funds will be disbursed. With Magic Rupee, you can easily get a loan without leaving your home.
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