Everyone

RedCarpetUp.com

Lollipop

FIRST & ORIGINAL credit facility on card in India - NOW DOWNLOADED BY OVER 15 LAKH USERS in 
22 CITIES
App where you get an instant virtual card or physical  card, issued by SBM / RBL bank  in your 
pocket, which can be used to access credit facilities provided by RBI authorized NBFCs (DMI Finance 
Private Limited, Redux Credit Finance Private Limited).
RedCarpet app is also CISA certified for security.
Going Krazy for credit - Slice it using Mastercard / Rupay Cards issued by SBM / RBL bank  a to earn 
interesting discounts & coupons on your card !  You can get cash advance by using your card 
at the ATM to withdraw cash.
What you get with  RedCarpet
RedCarpet partners with RBI authorized NBFCs (DMI Finance Private Limited, Redux Credit Finance 
Private Limited)  to provide you a credit facility that can be used on cards issued by SBM / RBL bank.
You can get credit  between ₹500 up to ₹ 60,000 based on your bureau score.
Range of  Fees & Charges charged by NBFC partner
The charges and repayment tenures are determined by our NBFC partners and  vary based on the 
score and income of the customers.   All customer payments made on the RedCarpet App is directly 
credited to the bank accounts of the respective NBFC.
Application Fees - between 0 to Rs.650
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 facility:
-> One time Application fee = ₹350
-> Monthly subscription fee = ₹100 
-> 22% interest rate yearly.
-> total interest in 12 months is ₹6,156
-> total interest + fees in 12 months is ₹7706
-> The APR is = 28.372%
-> monthly EMI = ₹4,679.72
-> Total Payments + Fees = ₹57,706
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%.
Why is RedCarpet special and different?
* Flexible & 100% honest - Only amount you use will incur interest. If you use ZERO, then interest  will 
be ZERO💰
* Zero interest if you pay balance 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 amount OR total outstanding balance. (interest charges will apply for min 
amount)
* Card  issued by SBM / RBL bank, can be used anywhere to slice your payments - Flipkart, Amazon, 
restaurants, ATM cash withdrawal (For selected users) 💰
* Improve your credit scores by using the credit facility. 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: for verifying your references 
✓ Email - for verification of your identity
✓ SMS - to track your 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
 We comply with all applicable laws including RBI Fair Practices Code when facilitating 
administration or recovery of loans on behalf of NBFCs.

🇮🇳 💳 India's original Credit + Card + ATM cash - Mastercard, VISA or Rupay

Card+Credit+ATMCash: RedCarpet

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