BharatPe: UPI, Credit, Rewards 3.1.0

The BharatPe platform, formerly known as postpe, is a comprehensive financial application designed to cater to a wide range of financial needs. It facilitates rapid UPI transactions, fee-free bill payments, short-term cash loans, promotional gift vouchers, and credit card bill settlements, positioning itself as a versatile financial management tool.

BharatPe UPI - A Distinctive Payment Platform Crafted for India:

• 💸 Instant Transfers: Facilitate immediate fund transfers to contacts, UPI IDs, or bank accounts seamlessly.
• 📲 Scan & Pay: Use the scanning feature for contactless payments with ease.
• 🔄 UPI Autopay: Set up automatic payments for bills, recharges, EMIs, and subscriptions to streamline financial management.
• 🔓 Pinless Payments: Conduct UPI transactions up to ₹500 effortlessly through UPI Lite without the need for PIN.
• 🤫 Super Safe: Employs advanced security protocols to ensure the safety of user data and transactions.
• 🛡️ BharatPe Shield: Offers complimentary fraud protection on all transactions, with applicable terms and conditions.
• 💰 Earn Rewards: Rewards users with Zillion Coins for each transaction, incentivizing regular usage (terms apply).
• 🧮 Balance Check: Quickly view account balances without complex authentication processes.

BharatPe Bill Payments:

• 📲 Recharges: Easily pay mobile, DTH, and Fastag bills from the app.
• 💡 Utility Bills: Manage electricity, water, LPG, piped gas, and broadband payments efficiently.
• 💳 Credit Card Bills: Conveniently settle credit card dues online through the platform.

BharatPe Commerce:

• 🎁 Special Discounts: Access exclusive deals on gift vouchers from leading brands.
• 🍕 Order Food: Place orders from local restaurants via the ONDC network, enhancing dining options.

BharatPe Instant Cash Loan Services:

• 💰 High Loan Amounts: Obtain instant unsecured loans up to ₹15 lakh without collateral.
• 📅 Flexible Repayment Options: Select repayment schedules aligning with your financial planning.
• 🔓 Document-Free Process: Enjoy loan disbursal without the need for physical documentation or guarantors.
• 🤝 Trusted Financial Partners: Collaborates with RBI-licensed NBFCs including L&T Finance Limited, Aditya Birla Finance Limited, Poonawalla Fincorp Limited, and True Credits Private Limited for loan disbursements.

Loan Repayment Structure:

• Bills are generated monthly. Users can choose to convert bills into EMIs spanning from 3 to 15 months or repay in full by the due date at no additional interest. Loan tenures similarly range from 3 to 15 months.

Interest Rates (APR):

• The Annual Percentage Rate varies between 18% and 70%, depending on the selected tenure. The exact APR is disclosed during bill conversion or loan application processes.

Sample Calculations:

• Postpe Cash Example:
  Amount: ₹1,00,000
  Tenure: 12 months
  Interest Rate: 18% annually (reducing balance)
  Processing Fees: 2.5%
  Total Repayment Amount: ₹1,11,196
  Total Interest Payable: ₹11,196
  Processing Fees (including GST): ₹2,500
  Monthly EMI: ₹9,266.32
  Total Cost of Loan (Interest + Fees): ₹13,695
  APR: 24.8%
• Bill to EMI Conversion Example:
  Amount Converted: ₹1,00,000
  Tenure: 6 months
  Interest Rate (APR): 18% annually
  Repayment Amount: ₹1,09,000
  Total Interest Payable: ₹9,000
  Processing Fees (including GST): ₹0
  Monthly EMI: ₹18,166.67
  Total Loan Cost (Interest + Fees): ₹9,000

Permissions Notice:

In adherence to NPCI regulations, the app requires permissions for SIM binding (sending and receiving SMS) to enable automatic OTP retrieval during payment authentication. Additional permissions for Location data, Device Information, and SMS are utilized to enhance underwriting processes and overall service security. For further details regarding data privacy and permission management, please consult our Privacy Policy.

About BharatPe (formerly postpe):

The BharatPe application is developed by Resilient Innovations Private Limited as part of its suite of digital financial services aimed at empowering consumers across India.

NBFC Partnerships:

The platform collaborates with RBI-approved NBFCs such as L&T Finance Limited, Aditya Birla Finance Limited, Poonawalla Fincorp Limited, and True Credits Private Limited (Truebalance) to facilitate loan offerings.

Contact Support:

For assistance or inquiries, users can reach out via email at [email protected].