Description of Bharatpe For Merchants Apk
BharatPe is a payments app that allows accepting UPI and card payments from any app for FREE. It makes payment acceptance simple by offering merchants a single QR to accept payments from Google Pay, PhonePe, Paytm, BHIM, Amazon UPI, and 150+ other banking apps. You can also accept debit and credit card payments using BharatSwipe. More than 70 lakhs merchants are using BharatPe. You can invest your collections to earn up to 12% interest per annum. Moreover, you can get a loan to grow your business at a very low-interest rate as well.
Accept payments at 0% MDR
BharatPe allows you to accept payments from all UPI apps such as Paytm, PhonePe, Google Play, etc for FREE. You can also accept payments from all cards at 0% MDR using BharatSwipe. You can instantly withdraw money and transfer it directly into your bank account.
Get loans to grow your business
BharatPe provides loans at a very low interest rate and without any paperwork. It is a 100% online application process and the loan comes without any security or guarantee requirements. You can repay the loan amount through Easy Daily Installment (EDI). The key features of BharatPe Easy Loan are:
Amount: Rs. 10,000 to Rs. 10,00,000
Loan Tenure: 3 months (minimum) to 15 months (maximum)
Interest Rate (APR): 21% to 30% per annum
Processing fees: 0% to 2%
Repayment: Easy Daily Installments (EDI)
Loan Amount: Rs. 1,00,000
Tenure: 6 months
Interest Rate (APR): 24% per year
Repayment Amount: Rs. 1,12,000
Total Interest Payable: Rs. 100,000 x 24%/12*6 (6 months) = Rs. 12,000
Processing Fees (incl. GST): Rs. 2,000
Disbursed Amount: Rs. 100,000 (Loan Amount) – Rs. 2,000 (Processing Fees) = Rs. 98,000
Total Amount Payable: Rs. 1,12,000 (EDI of 722)
Total Cost of the Loan: Interest Amount + Processing Fees = Rs. 12,000 + Rs. 2,000 = Rs. 14,000
If you repay your loan in time, we will refund the processing fees charged upfront. In the example above, if you close your loan in 6 months, we will refund Rs.2,000 processing fee charged upfront on loan closure.
Earn up to 12%
You can earn up to 12% interest on your BharatPe account balance. Your interest is credited to your BharatPe account daily. You can add money or request withdrawal anytime. Your money is invested with RBI-approved NBFC partners.
BharatPe Card is a unique two-in-one card that allows a user to enjoy the benefits of both debit and credit in one card. It is FREE of cost and you will get up to 1% cashback. You can also get credit of up to Rs. 1 lakh at 0% for 30 days.
Pay bills and buy insurance
You can pay your utility bills like phone bills, electricity bills, DTH etc. and get Rs.100 off on every bill payment. We also provide shop, covid, health, life, and hospicash insurance.
India’s first merchant loyalty club
BharatPe Club is India’s first merchant loyalty club. You can earn benefits worth Rs. 20,000 such as free cricket merchandise, zero loan processing fees, Rs.1,000 off on BharatSwipe and Rs. 500 in BharatPe card.
As per the National Payments Corporation of India (NPCI) regulations, it is mandatory to enable SIM binding (Send and Receive SMS) from the user’s device to authenticate and authorize UPI payments. We will also need to take permissions like Location and Contacts to build your credit profile to extend loan offers.
Resilient Innovations Private Limited
A45, Second Floor, Corner Market,
Malviya Nagar, New Delhi 110017, India