RedCarpetUp loans range from ₹500 to ₹60,000.
Loan terms range from 3 months to 36 months.
Annual interest rates (APR) range from 0% to 40% with an equivalent monthly interest of 0% to 3.33% only.
Processing fees for low risk customers range from 0% to 3%, while for very high-risk customers it ranges from 2.5% to 6.5% of principal.
Cash/Cheque Collection Fees Rs 500 + GST as applicable per instance