About this app

FIRST & ORIGINAL credit line on card in India - NOW DOWNLOADED BY OVER 15 LAKH USERS in 22 CITIES
DIPP accredited by StartupIndia - Registration# DIPP56299

ONLY service where you get instant virtual card or upgrade to a cool card in your pocket.
Amount you use will be converted to loan If you use ZERO, then monthly fee will be ZERO
RedCarpet is also RBI CISA certified for security. We are not a Chinese company

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

What is RedCarpet
Credit line card: Credit limit from a RBI authorised NBFC Overdraft account from ₹500 up to ₹ 50,000 (based on score)
You get a virtual Mastercard/Rupay card and optionally upgrade to a physical card

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

Application Fees - between 0 to 650 Rs based on risk profile and benefits.
Processing Fee - for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%
Late fees - only charged on late payment. About Rs 300 for 10,000 rs .
Repayment: Bill is generated on the 15'th of every month. Repay next month at no extra cost or convert it into EMIs upto 12 months.
Interest rate: Interest rates 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
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)

Example for 6 months, ₹10,000/- credit line, 2% interest rate p.m:
-> Application fee = ₹499 + GST = ₹588/-
-> Interest = ₹1200
-> Total cost to customer in 6 months time = ₹11,788

Cities:
Biggest coverage in India - Delhi, Jaipur, Hyderabad, Chennai, Pune, Dehradun, Kolkata, Vijayawada, Mumbai, Chandigarh, Jalandhar, Bhopal, Bangalore, Noida, Ahmedabad and many more

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

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. Upgrade to cool metallic 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, Big Bazaar, restaurants, ATM cash withdrawal (For selected users) 🏧
* Improve RBI-certified credit bureau (CIBIL) using Ruby Card. This will be beneficial to your future job, EMI & loans

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

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

New features

* Bug Fixes

App Permissions

Allows applications to open network sockets.
Allows applications to access information about networks.
Required to be able to access the camera device.
Allows an application to read the user's contacts data.
Allows an app to access precise location.
Allows an app to access approximate location.
Allows an application to read from external storage.
Allows an application to write to external storage.
Allows read only access to phone state, including the phone number of the device, current cellular network information, the status of any ongoing calls, and a list of any PhoneAccounts registered on the device.
Allows modification of the telephony state - power on, mmi, etc.
Allows read access to the device's phone number(s].
Allows using PowerManager WakeLocks to keep processor from sleeping or screen from dimming.
Allows an application to receive the ACTION_BOOT_COMPLETED that is broadcast after the system finishes booting.
Allows access to the vibrator.
Allows an application to record audio.