Short answer: These look almost identical: both lend ₹20,000 to ₹5 lakh for 61 to 365 days, state a fixed 35% APR, show the same official example and charge 0.25% a day on overdue amounts. The main difference is the lender: Aadhar India Finvest for Rupee112, Devmuni Leasing & Finance for Loan112.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
Rupee112 vs Loan112 at a glance
| Rupee112 | Loan112 | |
|---|---|---|
| Type | Loan app of Aadhar India Finvest, an RBI-registered NBFC | Loan app of Devmuni Leasing & Finance, an RBI-registered NBFC |
| Loan amount | ₹20,000 to ₹5 lakh (homepage; FAQ still says ₹5,000 to ₹1,20,000) | ₹20,000 to ₹5 lakh |
| Interest rate | Fixed 35% APR a year (rate-and-terms page) | Representative 2.9% a month; fixed 35% APR a year (rate-and-terms page) |
| APR | Up to 35% | Up to 35% |
| Processing fee | 10% of the loan (homepage); the official example shows ₹1,000 + GST on ₹50,000 (2%) | 10% + 18% GST (homepage); the official example shows ₹1,000 + GST on ₹50,000 (2%) |
| Tenure | 61 to 365 days | 61 to 365 days |
| Minimum income | Not stated (salary slip required) | Not stated; stable income required |
| Who can apply | Implied salaried (salary slip required) | Indian residents with a stable income |
| Age | Not stated | 21 to 55 |
| Prepayment and foreclosure | No preclosure charges | No preclosure charges |
| Product | Short-term loan, 61 to 365 days | Short-term EMI loan, 61 to 365 days |
| RBI-regulated lenders | Aadhar India Finvest | Devmuni Leasing & Finance |
| On RBI’s digital lending app list | Yes: 1 RBI-regulated lender lists it; 50L+ installs, rated 4.1 | Yes: 1 RBI-regulated lender lists it; 10L+ installs, rated 4.5 |
| Also worth knowing | Delay charge 0.25% a day on overdue amounts; Bounce charge ₹500 | Delay charge 0.25% a day on overdue principal; EMI reminders before due dates |
Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.
What a ₹50,000 loan over 12 months would cost
We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.
| Lender | Scenario | Rate a year | EMI | Total interest | Fee incl. GST | Total cost |
|---|---|---|---|---|---|---|
| Rupee112 | 35% with 2% fee (official example) | 35% | ₹4,998 | ₹9,978 | ₹1,180 | ₹11,158 |
| Rupee112 | 35% with 10% fee (homepage) | 35% | ₹4,998 | ₹9,978 | ₹5,900 | ₹15,878 |
| Loan112 | 35% with 2% fee (official example) | 35% | ₹4,998 | ₹9,978 | ₹1,180 | ₹11,158 |
| Loan112 | 35% with 10% fee (homepage) | 35% | ₹4,998 | ₹9,978 | ₹5,900 | ₹15,878 |
Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.
Key differences
- Lender: Rupee112 is the app of Aadhar India Finvest Ltd; Loan112 of Devmuni Leasing & Finance Ltd.
- Fee: both state 10% on the homepage, while their official worked example uses ₹1,000 on ₹50,000 (2%).
- Age: Loan112 states 21 to 55; Rupee112 does not state an age range.
- Late payment: both charge 0.25% a day. That is about 7.5% a month on top of interest.
Which should you choose?
Rupee112 may suit you if you already have a relationship with Aadhar India Finvest or prefer its app.
Loan112 may suit you if you prefer EMI reminders and a clearly stated age range.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Are Rupee112 and Loan112 payday loans?
Not in the classic sense. Both say the shortest tenure is 61 days, and both show EMI examples. They are short-term personal loans at a high APR.
What happens if I pay late?
Both state a delay charge of 0.25% a day on overdue amounts, and Rupee112 states a ₹500 bounce charge. Late payment is also reported to credit bureaus.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- Rupee112 homepage
- Rupee112 rate and terms
- Rupee112 FAQ
- Loan112 homepage
- Loan112 rate and terms
- Loan112 FAQ
Read more: Rupee112 app review · Loan112 app review · Rupee112 lender profile · Loan112 lender profile · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.