Finding instant loans in India has become easier with the rise of fintech apps. One such platform that has gained popularity is PayRupik App, which claims to provide quick personal loans directly to your bank account. But the big question for many is: Is PayRupik safe? Is PayRupik real or fake?
This PayRupik Review will cover everything you need to know about the app, including loan features, customer feedback, RBI approval status, customer care number, pros and cons, and safety concerns.
Table of Contents
What is PayRupik App?
The PayRupik App is a digital lending application developed by Sayyam Investments Pvt. Ltd., an NBFC registered with the Reserve Bank of India (RBI). The app allows salaried and self-employed users to apply for instant personal loans without heavy paperwork.
With over 10 million downloads on the Google Play Store, PayRupik has gained attention from borrowers who need quick access to money. The app claims to disburse loans within 24 hours after verification.
PayRupik Loan Features
If you are considering taking a PayRupik Loan, here are the major features:
Loan Amount: ₹1,000 – ₹50,000
Tenure: 91 days to 12 months
Interest Rate: Varies, can go up to 35% APR
Processing Fee: 2% to 6% of the loan amount, plus GST
Disbursal Time: Usually within 24 hours
Eligibility: Indian resident, above 21 years, valid Aadhaar and PAN
Is PayRupik RBI Approved or Not?
Yes. PayRupik’s parent company, Sayyam Investments Pvt. Ltd., is a registered NBFC (Non-Banking Financial Company) with the Reserve Bank of India (RBI).
This means the company has the license to operate as a lender. However, RBI does not regulate every app individually, so customers should still read terms and conditions carefully before borrowing.
PayRupik Review: What Customers Are Saying
Customer feedback for PayRupik Loan App is mixed. Let’s look at both sides.
Positive Reviews
Many users say that loan approval is fast and hassle-free.
Borrowers with low CIBIL scores have been able to get small loans.
User-friendly interface makes the process simple.
Some users appreciate that loans were disbursed within hours of approval.
Negative Reviews
High interest rates and processing fees are a common complaint.
Users report receiving excessive reminder calls and messages before due dates.
Customer care response is often slow or unhelpful.
Some borrowers felt confused about EMI amounts and hidden charges.
Overall, while many have benefitted from PayRupik, others caution about high costs and aggressive recovery practices.
PayRupik Customer Care Number
One frequent question is: How to contact PayRupik support?
You can usually find the PayRupik Customer Care Number and email support inside the app under the Help & Support section. However, users have reported difficulty reaching them, with some calls getting disconnected or unanswered.
If you face issues, it is best to also raise a complaint via email to [email protected] (official website listed).
Is PayRupik Real or Fake?
Many people doubt: Is PayRupik real or fake?
Here’s the reality:
PayRupik is a real app backed by an RBI-registered NBFC.
Loans are disbursed into user bank accounts after verification.
Thousands of borrowers have successfully used it for small emergency loans.
However, some users have labeled it as “fake” due to high hidden charges, repayment stress, or poor customer service. So while the app itself is legitimate, the borrower experience can vary greatly.
Is PayRupik Safe?
Another common question: Is PayRupik safe?
Safety depends on two aspects:
- Data Safety – The app claims to use encrypted systems for KYC verification. Since it’s backed by a registered NBFC, it is generally safe to provide Aadhaar and PAN.
- Financial Safety – The main risk lies in loan costs. With high processing fees and interest, borrowers may end up paying far more than expected. Additionally, some users complained about repeated calls and aggressive recovery tactics.
So yes, PayRupik is safe in terms of legitimacy, but users should carefully calculate repayment obligations before borrowing.
Pros and Cons of PayRupik Loan
Pros
Quick disbursal within 24 hours
Paperless digital process
Loans available for low-credit users
Easy to use mobile app
Cons
High interest rates and charges
Processing fees cut from disbursed amount
Aggressive reminder calls/messages
Poor customer service experience reported by many
How to Apply for a PayRupik Loan
If you decide to use the PayRupik App, here’s a step-by-step process:
- Download the PayRupik App from Google Play Store.
- Register with your mobile number and email ID.
- Complete KYC verification with Aadhaar, PAN, and bank details.
- Choose your loan amount and tenure.
- Review the EMI schedule and fees before final approval.
- Loan is disbursed directly into your bank account.
Alternatives to PayRupik App
If you are worried about high charges, you may also check out other RBI-approved loan apps such as:
- CASHe
- KreditBee
- Navi
- PaySense
- MoneyTap
These may offer different terms and sometimes lower processing fees.
FAQs About PayRupik
1. Is PayRupik App RBI approved?
Yes, PayRupik is operated by an NBFC registered with RBI.
2. Is PayRupik real or fake?
PayRupik is a real loan app, but customer experiences vary.
3. What is the PayRupik Customer Care Number?
The number is available in the app’s help section, but response is inconsistent.
4. Is PayRupik safe to use?
Yes, it is safe in terms of legitimacy, but repayment costs can be very high.
5. How much loan can I get from PayRupik?
Loan amounts range from ₹1,000 to ₹50,000 depending on eligibility.
Conclusion
The PayRupik Loan App is a convenient option for instant personal loans, but it comes with high costs and mixed customer reviews. Borrowers should proceed carefully, read the loan agreement properly, and only use it for emergencies.
This PayRupik Review shows that the app is legit but risky. It is not a scam, but many users face difficulties with charges and repayment pressure.
Use PayRupik Loan only for urgent, short-term needs, and avoid borrowing large amounts. Always calculate the total repayment cost before confirming the loan.
If you value speed over cost, PayRupik can help. But if you want affordable loans, consider alternatives.