BharatPe (previously postpe) 1.2.5

BharatPe (previously known as postpe) is a comprehensive financial application tailored to address a variety of financial requirements. It offers convenient bill payment services without any additional fees, quick cash loans, enticing gift vouchers, and the option to settle credit card bills. The BharatPe app is a versatile solution to your financial needs, encompassing a wide range of services. For iOS users, BharatPe UPI will be available soon.

• BharatPe Bill Payments:
  • Recharges: Effortlessly pay bills for Mobile, DTH, and Fastag.
  • Utility Bills: Simplified payments for electricity, water, LPG, piped gas, and broadband services.
  • Credit Card Bills: Convenient online payment of credit card bills.
• BharatPe Commerce:
  • Special Discounts: Gain exclusive discounts on gift vouchers from leading brands.
• BharatPe Instant Cash Loan:
  • High Amounts: Access instant cash loans up to ₹15 lakh.
  • Flexible Repayment: Select repayment options that align with your preferences.
  • Document Free Loans: No requirement for collateral or a guarantor.
  • Trusted Partners: Loans managed through reputable NBFC partners like L&T Finance, Cashe, and True Credit.
• Repayment Terms: A monthly bill is generated with the option to convert it into EMIs ranging from 3 to 15 months. Alternatively, bills can be paid in full without any interest charges by the due date. Loan repayment terms stretch from 3 to 15 months.
• Annual Percentage Rate (APR): The APR varies from 18% to 70%, with the specific rate displayed in the app during EMI conversion or loan acquisition. APR will differ based on the EMI tenure.

An example of cash loan breakdown:

• User-chosen Amount: ₹1,00,000
• Tenure: 12 months
• Interest Rate: 18% per annum (reducing)
• Processing Fees: 2.5%
• Repayment Amount: ₹1,11,196
• Total Interest Payable: ₹11,196
• Total Cost of the Loan: Interest Amount + Processing Fees = ₹13,695
• APR: 24.8%

To demonstrate EMI conversion:

• Amount converted into EMI: ₹1,00,000
• Tenure: 6 months
• Interest Rate (APR): 18% per year
• Repayment Amount: ₹1,09,000
• Total Interest Payable: ₹9,000
• Total Cost of the Loan: Interest Amount = Processing Fees = ₹9,000

Note on Permissions: Following NPCI guidelines, SIM binding is obligatory for UPI payment applications to facilitate OTP auto-population using SMS for authentication during NPCI transactions. Additional permissions for Location, Device Information, and SMS are required to enhance underwriting security measures. Please refer to our Privacy Policy for further information.

About BharatPe (formerly postpe): BharatPe is the trade name for the application developed by Resilient Innovations Private Limited under the moniker BharatPe.

NBFC Partners: We have established partnerships with RBI-approved NBFCs such as LendenClub (Innofin Solutions Private Limited), TrillionLoans Fintech Pvt Ltd, and LiquiLoans (NDX P2P Private Limited). Collaborations with L&T Finance Consumer Loans, Bhanix Finance and Investment Limited (Cashe), and True Credits Private Limited (Truebalance) serve as DSA partners for lending initiatives.

Contact Us: Email: customersupport@bharatpe.com