# Rapid Loan - Personal Loan App

> Instant personal loans for Indian residents with flexible repayment options. (iPhone/iPad app by ASISH FINANCE PRIVATE LIMITED.)

- Source: https://appshunter.io/ios/app/rapid-loan-personal-loan-app/id6447960688 (this page in markdown: same URL + `.md`)
- Developer: [ASISH FINANCE PRIVATE LIMITED](https://appshunter.io/developer/1683108396)
- Category: Finance
- Price: Free
- Rating: 4.50/5 from 4 App Store ratings
- Age rating: 17+
- Requires: iOS 12.0 · 18 MB
- Languages: English
- Released: 2023-04-29
- Data updated: 2026-06-10
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/rapid-loan-personal-loan-app/id6447960688/reviews.md

## What is Rapid Loan?

RapidLoan is India's best loan app that provides instant personal loans with easy EMI and hassle-free repayment options. LoanFront is a digital product of our RBI registered NBFC Asish Finance Pvt. Ltd.

RapidLoan App is 100% compliant with RBI's digital lending guidelines and built to ISO standards and audited by a Certified Information Systems Auditor (CISA).

RapidLoan is trusted by over 1 million customers in India and has an organic rating of 4.5+ stars, making it one of the highest rated loan apps.

Qualifications
- Indian nationality
- over 23 years old
- Good credit score (over 600)
- Stable monthly income of more than Rs 15,000

You need to provide
- take a selfie
- PAN card
- Aadhaar card as proof of address

our products
Online, paperless, 100% digital product, no physical documents required
1. Flexible Personal Loan:
Get instant cash loans up to ₹ 30,000 within 5 minutes with tenure ranging from 3 months to 12 months.
2. Salaried Personal Loans:
Personal loans are available to finance up to ₹ 80,000 crore with tenors ranging from 3 months to 24 months. Also, provide proof of salary or income and employment details.

Amounts, terms, fees and charges (product details)
Loan Amount: ₹ 1,500 to ₹ 80,000
Loan term: 3 months to 24 months
Interest Rate: 15.95% to 35.95% compounded annually on principal balance compounded monthly
Handling fee: 1% to 7.5% of the loan amount charged according to the risk profile and loan amount
APR range: 0% to 70%, depending on risk profile

*Penalties are only imposed on late scheduled payments. According to Indian law, GST is only applicable on the fee portion. Through various consents and communications, all clients are made aware of these details.

How to get a loan?
Install the RapidLoan application
Sign up with your mobile number and email id
Get KYC and check your loan eligibility using any of the many options on the app
Provide your bank account
Read and sign the loan agreement containing the KFS (Key Facts Statement)
Get the loan amount in your bank account
 
through easy repayment
●UPI Apps (BHIM, Google Pay, Paytm, PhonePe, Amazon Pay, etc.) and Bharat Billpay - Zero Convenience Fee
●Payment Gateways - RazorPay and Cashfree
●Automatic debit (eNACH/eMandate)
 
Representative Loan Examples:
Loan Amount: Rs 50,000
Term: 12 months
Interest rate: 17.95% p.a.
Handling Fee: INR 1000 (2%)
Lifetime Registration Fee: INR 250 (one time charge for new customers)
GST Charge: INR 225 (18%)
Amount Allotted: Rs. 48,525
EMI: INR 4,583
Total Repayment: Rs 4,583 X 12 = Rs 54,996
Total Interest: Rs 4,996
April: 23.77%
Total Loan Cost: Rs 54,996 - Rs 48,525 = Rs 6,471

If you need money to pay for purchases such as domestic/international travel, home furniture/appliances, personal emergencies, monthly bill payments, wedding expenses, home repairs, medical expenses, security deposits, etc., then worry not! RapidLoan is here for you.

Why choose RapidLoan?
- Simple application and digital processing
- No collateral or credit card required
- Low interest rate and handling fee
- 100% safe and secure; 24x7 available
- Prepaid offers with cashback
- A variety of loan amount upgrade options
- Foreclosure options at no extra cost
- Trustworthy app with full transparency

RapidLoan adheres to responsible lending practices and is a member of:
Consumer Empowerment Fintech Association - https://faceofindia.org
Digital Lenders Association of India - https://www.dlai.in

customer service:
Working hours: 9.30am to 6.30pm (Monday to Saturday)
Email: asishfinancepl@outlook.com
Tel: 9905665468

## Key features

- Instant personal loans
- Flexible EMI options
- Paperless digital processing
- Loan amounts up to ₹80,000
- Loan terms up to 24 months
- Easy repayment via UPI and payment gateways


## Frequently asked questions about Rapid Loan

### What is the minimum age requirement to use Rapid Loan?

You must be over 23 years old to use Rapid Loan. This is a standard requirement for financial services in India.

### What are the eligibility criteria for a loan from Rapid Loan?

To be eligible for a loan, you need to be an Indian national, over 23 years old, have a credit score over 600, and a stable monthly income of more than Rs 15,000.

### What documents are required to apply for a loan with Rapid Loan?

You will need to provide a selfie, your PAN card, and your Aadhaar card as proof of address. The process is designed to be fully digital and paperless.

### What is the maximum loan amount and term offered by Rapid Loan?

Rapid Loan offers personal loans up to ₹80,000 with loan terms ranging from 3 months to 24 months, depending on the product and your eligibility.

### What are the interest rates and fees associated with Rapid Loan?

Interest rates range from 15.95% to 35.95% compounded annually. Handling fees are between 1% and 7.5% of the loan amount, and APR can range from 0% to 70%.

### How can I repay my loan from Rapid Loan?

Repayments can be made easily through UPI apps like Google Pay and Paytm, payment gateways like RazorPay, or via automatic debit (eNACH/eMandate).

### Is Rapid Loan a safe and compliant app?

Yes, RapidLoan is 100% compliant with RBI's digital lending guidelines and is a digital product of an RBI registered NBFC. It is built to ISO standards and audited by a Certified Information Systems Auditor.

### How often is Rapid Loan updated?

The app was last updated on May 8, 2023, with version 1.0.1. This indicates a recent update, suggesting ongoing development and maintenance.

## Version history (last 1 release)

### 1.0.1 — 2023-05-08

1.Fixed the UI display problem of some functions

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*