ATM Cash + Credit + Card + Coupons: RedCarpet APK

FIRST & ORIGINAL credit line on card in India - NOW DOWNLOADED BY OVER 15 LAKH USERS in 22 CITIES

ONLY service where you get instant virtual card or upgrade to a cool card in your pocket.
RedCarpet is also RBI CISA certified for security.

Going Krazy for cash or loan/udhaar/उधार ? - Slice it using RedCarpet Cards with a Mastercard / Rupay Card with discounts & coupons on your card !

What is RedCarpet
Credit line card: Credit limit from a RBI authorised NBFC Overdraft from ₹500 up to ₹ 50,000 (based on score)
You get a virtual Mastercard/Rupay card and optionally upgrade to a physical card
Where to use: Shop online or at local kirana/shops/dukaan by using your RedCarpet Card. Withdraw money using ATM using card (subject to approval)


Amount, Tenure, Fees & Charges
The charges and repayment tenures vary based on the score and income of the customers.

Application Fees - between 0 to 650 Rs based on CIBIL score.
Processing Fee - for low risk customers 0%-3% , for very high-risk customers 2.5%-6.5% of principal
Late fees - only charged on late payment. About Rs 300 for 10,000 Rs
Repayment: Bill generated on 15'th of every month. Repay next month at no extra cost or convert it into EMIs upto 12 months.
Interest rate: Range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only
For personal loans, the min period for repayment = 3 months & max period of repayment = 36 months

Example for 12 months, ₹50,000/- credit line:
-> Application fee = ₹350
-> processing fee = ₹1,250 for 12 months
-> 22% interest rate yearly.
-> The APR is = 28.372%
-> total interest in 12 months is ₹6,156
-> monthly EMI = ₹4,679.72
-> Total Payments + Fees = ₹57,756.63

APR for different credit products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42% and very high-risk customers is 24%-70%.

How to use:
- Fill in the required details - like selfie, etc
- Upload KYC (ID & Address Proof)
- Starting limit of Rs 500 - 10,000 (fees based on credit limit)
- pay on-time to improve credit limit
- Pay EMI via UPI/Bhim app on RedCarpet app or website
- Highest limit of Rs 50,000!

Why is RedCarpet special and different?
* Flexible & 100% honest - Only amount you use will be converted to loan. If you use ZERO, then monthly fee will be ZERO💰
* Zero interest if you pay in full by the 15th of the month !!
* Instant Virtual Card.
* Easy address proof, PAN card, ID card, salary slips, etc
* Track your spending with app & check your credit score (needs SMS perms)
* Open for students, salaried, self-employed
* you can pay minimum EMI OR total monthly bill. (interest charges will apply for min EMI)
* RedCarpet card can be used anywhere to slice your payments - Flipkart, Amazon, restaurants, ATM cash withdrawal (For selected users) 🏧
* Improve credit bureau (CIBIL) using Ruby Card. This will be beneficial to your future job, EMI & loans

Honest Disclosure of Permissions:
Our servers are audited for PCI and CISA compliance for data privacy and security. We NEVER move data outside India. These are permissions we ask for:
✓ Location: to notify closest RedCarpet KYC agents. Also for fraud detection if your card is used away from you.
✓ Contacts: references & sharing
✓ Email - verification
✓ SMS - track spending & UPI
✓ Photos & Media : We never scan private photos - Only needed to upload documents photos for KYC

For more details on our privacy policy, visit - https://www.redcarpetup.com/legal/

DIPP Atmanirbhar Bharat Startup Registration# DIPP56299

RedCarpet is not directly engaged in the activity of money lending. RedCarpet is a platform that facilitates loans & credit to users by duly registered NBFCs. We comply with all applicable laws including RBI Fair Practices Code when facilitating administration or recovery of loans on behalf of NBFCs.