No Tricks, No Gimmicks.
Personal Loans Made Easy
We’re here to help with personalised variable rate loans to meet your needs
We reward your good credit history with even better rates.
It means the loan you end up with has been personalised to you.
Our personal loans come with our market-leading
Borrow with confidence knowing you have the best deal for you.
We’ve won Customer satisfaction since five years running.
We think that’s pretty outstanding.
Enjoy no early repayment fees.
It’s just one of the ways we help you save more and pay off your loan faster.
What can I use a personal loan for?
When you’re making a personal loan comparison, it’s important to consider how you plan to use the loan.
Some of the types of personal loans that are available include:
- Personal loans for debt consolidation
- Personal loans for holidays
- Personal loans for weddings
- Personal loans for home renovation
- Personal loans for student fees
- Personal loans for hospital bills
- Personal loans for veterinary bills
- Personal loans for dental work
- Personal loans for cosmetic surgery
Simply put, personal loans can be used for all sorts of things, from helping to repair debt to paying school and university fees, legal costs, and even home improvement, improving your home’s equity with extras such as solar panels, a pool, or even an electric battery to go off grid.
How do personal loans work?
After your personal loan application has been approved, you’ll usually receive the money as one lump sum. You’ll need to pay this money back, plus interest, in weekly, fortnightly or monthly repayments. The main steps to get a personal loan are:
1. Application:
when you apply for a personal loan, you’ll need to show proof of income, bank statements and personal identification.
2. Assessment:
we will look at your personal finances to work out if you can afford the loan.
3. Credit check:
As responsible lender , we perform credit checks whenever someone applies for a loan. These checks help us work out if you’re a responsible borrower. They may also help determine your personalised interest rate.
4. Contract:
once your application has been approved, you’ll be asked to sign a personal loan contract. This confirms the length of your loan, the type of loan, and that you understand the fees involved.
5. Repayment:
some personal loans will let you choose weekly, fortnightly or monthly repayments, to better suit your budget.
What types of personal loans are available?
Personal loans are available with fixed or variable interest rates. Fixed interest rates will stay the same, while variable rates may rise or fall. If your variable rate falls, you’ll pay less interest with each repayment, but if rates rise, you’ll pay more.
Fixed rates can make your budgeting simpler, as you’ll have the same rate for the whole loan. However, you may miss out on savings if variable rates fall.
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What interest rates and fees are involved with personal loans?
A personal loan with a low interest rate that charges high fees may turn out to be more expensive than a personal loan with a high interest rate and low fees.
Personal loan fees could include:
- Upfront costs – establishment fees or application fees.
- Ongoing fees – annual fees and/or monthly fees.
- Late payment fees – if you miss a payment.
- Redraw fees – what you could be charged if you wish to access your extra repayments through a redraw facility. Not every personal loan has a redraw facility.
When you compare personal loans, check the comparison rate to get better idea of the loan’s total cost. The comparison rate combines a loan’s interest rate and standard charges into a single percentage.
However, a loan’s comparison rate may not include its nonstandard fees and other costs. It’s also important to look for value-adding extra features or benefits that could help you further narrow down your personal loan shortlist.
Note that we may waive certain fees from time to time as a promotional offer. You may need to satisfy certain conditions to qualify for the fee waiver.
We’re A New Kind Of Lending Company
At RS Microcredit , our aim is to dramatically improve the personal lending experience for Indian borrowers. By offering lower rates and fixing the things customers have loathed for decades, we’ve set a new standard for how personal lending ought to work. Fret no more – an alternative has arrived.
Buy sooner with a simple loan procedure
Whatever you’re dreaming of buying, let us help you make it happen. Our fixed rate Personal Loan gives you certainty that your repayments won’t change if interest rates go up, giving you some peace of mind when it comes to your
Get In Touch With Us
Use the below form to send us an online enquiry, or get in touch with us directly by calling .
Get In Touch With Us
Use the below form to send us an online enquiry, or get in touch with us directly by calling .