Need money today?
We’ve got you.

AlphaRupee is a 100% digital personal loan platform that helps you access personal loans from ₹3,000 to ₹45,000, repayable over 91 to 365 days, quickly and transparently, right from your phone.

No. AlphaRupee is a Lending Service Provider (LSP). We are not a bank or a Non-Banking Financial Company (NBFC), and we don’t lend our own money. We partner with RBI-registered NBFCs, who are the actual lenders, they sanction, fund, and disburse every loan. AlphaRupee handles the technology, application journey, and servicing on their behalf. The name of the NBFC funding your loan is always shown to you before you accept a loan offer.

You can apply if you:

• Are between 21 and 58 years of age;
• Are an Indian resident with a valid PAN and Aadhaar;
• Have a monthly income of at least ₹10,000 (salaried, self-employed, or gig income); and
• Have a valid mobile number and bank account in your own name.

(Exact eligibility criteria may be adjusted by our NBFC partners from time to time and are confirmed at the time of application.)

Just your PAN and Aadhaar, we fetch most of your details automatically via Aadhaar e-KYC/DigiLocker. You’ll also need to take a quick selfie for identity verification, share your income details, and link your bank account (via Account Aggregator consent or a bank statement upload) so we can assess your eligibility.

Not necessarily. If you already have a credit history, we check your bureau score as part of our assessment. If you’re new to credit (no bureau record), we assess your eligibility using your bank statement/income data instead, so first-time borrowers can still apply.

Loan decisions are made by our NBFC lending partners based on your credit profile, income, and other eligibility checks. We’re not able to share the specific internal reasons for a rejection, but you’re welcome to reapply after some time, or once your financial profile improves.

Loan amounts range from ₹3,000 to ₹45,000. Repayment tenure is from 91 days to 365 days. All loans require a minimum repayment period of 91 days or more.

• Interest: charged daily on your outstanding principal, depending on your risk profile.
• Processing fee: a one-time fee (% of your loan amount, plus GST), deducted from the disbursed amount.

All of this along with the exact rupee amounts, your Annual Percentage Rate (APR), and your total repayable amount is shown to you in your Key Fact Statement (KFS) before you accept the loan. Nothing is charged that isn’t disclosed there.

No. Under RBI rules, no fee or charge that isn’t disclosed in your KFS can be levied on you at any point during your loan, without your specific consent.

It’s a simple, standardised summary of your loan, amount, interest, all fees, APR, and repayment schedule that is shown to you before you sign your loan agreement, so you know exactly what you’re getting into.

Yes, you get a 3-business day cooling-off period from the date of disbursement. If you change your mind within this window, you can request us to return the loan and paying back the principal and the proportionate interest for the days you held it; the processing fee already charged is non-refundable.

Repayment is auto-collected on the due date via a UPI AutoPay/eNACH mandate you set up at disbursal. You can also pay manually anytime via UPI, debit card, or net banking through the app.

Yes, you can foreclose your loan anytime before the due date, from the app. Your outstanding principal and interest accrued till that date are shown to you upfront. Currently, there is no separate foreclosure fee.

A bounce charge (currently ₹500 + GST) may apply, and the missed-payment count starts from that date. You’ll be notified immediately and can repay manually to avoid further charges/impact on your credit score.

Yes, a late payment charge may apply from the day after your due date. We’ll keep reminding you well before and after your due date via SMS, WhatsApp, push notification, and calls.

Yes. We report your loan status (active, closed, overdue) to credit bureaus. Repaying on time helps build your credit history; missed payments are reported and can affect your score.

Yes! If you’ve repaid on time, you’ll often see a pre-approved offer waiting for you, with a much faster process the next time. If your last loan had a longer delay (30+ days overdue), there may be a short cooling-off period before you’re eligible again.

No. AlphaRupee and our recovery partners are required to follow the RBI’s Fair Practice Code at all times. This means:

• You (or your consented references) will only ever be contacted at times as per applicable law;
• No threats, abusive language, or intimidation ever;
• Your workplace won’t be contacted without your explicit consent; and
• Any recovery agent visiting or calling you must carry valid authorisation.

If you’re going through a genuine hardship, reach out to us early, we can discuss your situation and see what options may be available.

Please report it immediately through our Grievance Redressal channel (see below). We treat this seriously and will investigate every complaint.

Only what’s strictly necessary and consented to, such as your mobile number, device ID, and location (with your permission) for verification and fraud-prevention. We do not access your contacts, call logs, or personal files/media.

Your data is stored securely on Indian servers, protected using industry-standard encryption and security practices, and used strictly for purposes you’ve consented to. For full details, see our Privacy Policy.

Yes. You have the right to access, correct, or request erasure of your personal data (subject to any regulatory record-keeping requirements), and to withdraw consent at any time. Details are in our Privacy Policy.

You can reach our support team at support@alpharupee.in or call us at +91 80650 75438.

You can escalate to our NBFC partner’s Nodal Grievance Redressal Officer, and if still unresolved, to the RBI Ombudsman.

Once your loan is fully repaid, your NOC confirming zero outstanding dues is auto-generated within 2 hours and made available in the app and by email.