These terms govern your use of quikrupee.in and of our WhatsApp service. By using either, you accept them. If you do not accept them, do not use the service.
CYBERTECH LLC is registered in Armenia, not in India. It has no Indian Corporate Identity Number (CIN), no LLPIN and no GSTIN, it holds no licence or registration from any Indian regulator, and it does not claim any. It offers the Quik Rupee marketplace to users resident in India.
Quik Rupee is a marketplace and referral platform. We collect an enquiry from you, match it against personal loan products offered by our lending partners, and, with your consent, introduce you to the lender you select.
Quik Rupee is not a lender. We do not lend money, do not hold deposits, do not accept repayments, do not hold an RBI lending licence, and do not decide whether you are approved or on what terms. The loan contract is between you and the lender, and only the lender is responsible for it.
| Item | Range |
|---|---|
| Loan amount | Rs 5,000 to Rs 40,000 |
| Minimum repayment period | 91 days |
| Maximum repayment period | 365 days |
| Maximum APR | 36% per annum |
| Product types | Unsecured personal loans only. We do not offer payday or single-repayment loans, home loans, vehicle loans, education loans, loans against property or business loans. |
Representative example. A loan of Rs 10,000 taken for 120 days at the maximum APR of 36% per annum costs approximately Rs 1,184 in total interest and fees, giving a total amount repayable of approximately Rs 11,184. This is an illustration calculated at the maximum rate permitted on the platform. It is not an offer and not a quote. [[TODO: confirm the representative example with the lending partner whose product is actually served under the Quik Rupee brand]]
The actual amount, interest rate, processing fee, late payment charge and repayment schedule are set by the lender based on your profile, and are set out in the Key Fact Statement the lender gives you before you sign.
Being shown an offer is not an approval. Every lender runs its own eligibility, KYC and credit checks and may decline your application without giving a reason. We make no promise about approval, rate, amount or speed. The lender may check your credit record with a credit information company.
Using Quik Rupee is free for borrowers. We are paid a referral commission by the lending partner when a loan is disbursed. This does not change the rate the lender offers you.
We will never ask you to pay a fee, deposit, "processing charge", "insurance" or "verification amount" to Quik Rupee in order to obtain a loan. Anyone who does so while claiming to represent Quik Rupee is committing fraud. Report it to grievance@quikrupee.in immediately.
When you select an offer you leave Quik Rupee and continue on the lender's own platform. From that point the lender's terms and privacy policy apply. We are not responsible for a lender's products, decisions, pricing, collections practices or conduct.
We may refuse or withdraw service for breach of these terms.
If you contact us on WhatsApp or tick the consent box on our form, you agree to receive loan-related messages from us. You can stop them at any time by replying STOP or emailing support@quikrupee.in.
The Quik Rupee name, the content of this site and its design belong to CYBERTECH LLC, the operating entity named in section 1. Third-party names and trademarks, where they appear, belong to their owners and their appearance does not imply any partnership or endorsement unless we say so explicitly.
The marketplace is provided on an as-is basis. To the extent permitted by applicable law, we are not liable for the lending decisions, terms, conduct or solvency of any lender, nor for indirect or consequential loss arising from your use of a loan obtained through an introduction from us. Nothing in these terms excludes liability that cannot lawfully be excluded.
Email grievance@quikrupee.in. We respond within 30 days. See the Grievance Redressal Policy, including how to escalate to the Reserve Bank of India.
We may update these terms. The date at the top shows the current version. Continuing to use the service after a change means you accept it.
Quik Rupee is operated by CYBERTECH LLC, a company incorporated in the Republic of Armenia, and is offered to users resident in India. Which law governs these terms, and which courts hear a dispute, is being settled with legal counsel in both countries and will be published in this section before the service accepts applications.
[[TODO: governing law and dispute resolution clause. Must be settled by the operator's Indian and Armenian counsel, not drafted here. Points counsel needs to decide: (a) governing law, given an Armenian operator and Indian consumers; (b) forum, and whether an exclusive foreign forum clause would be unenforceable against an Indian consumer; (c) whether to accept Indian jurisdiction for consumer claims; (d) whether to add arbitration, and if so the seat and rules; (e) how this interacts with the Consumer Protection Act 2019 and the Consumer Protection (E-Commerce) Rules 2020.]]
Whatever is agreed, nothing in these terms takes away a right you have under the mandatory consumer protection law of the country where you live, including, for users in India, the Consumer Protection Act 2019 and the rules made under it. You may always complain to us first through our Grievance Redressal Policy.