BharatPe for Business 7.1.9

BharatPe for Business offers a robust payment application designed to facilitate seamless transactions through UPI and card payments. The platform allows merchants to accept payments from a wide range of apps with a single QR code, covering major services like Google Pay, PhonePe, Paytm, and more than 150 other banking applications. BharatSwipe enhances this capability by supporting both debit and credit card payments, making it a preferred choice for over 7 million merchants.

The application stands out by providing the ability to accept payments from all leading UPI platforms without incurring additional fees. Customers can conduct transactions using various payment methods, including bank accounts, RuPay credit cards, and wallets. Moreover, users can withdraw funds instantly and transfer them directly to their bank accounts.

BharatPe also simplifies access to business loans. The platform streamlines the application process, offering low-interest loans with zero paperwork, collateral requirements, or guarantees. The repayment process is user-friendly, featuring Easy Daily Installments (EDI).

The loan repayment terms are straightforward:

• Repayment in Easy Daily Installments (EDI)
• Loan Tenure: Ranges from 3 to 15 months

The interest rate, presented as an Annual Percentage Rate (APR), varies between 21% and 30%, with the specifics communicated within the BharatPe for Business app at the time of loan acquisition:

• Loan Amount Range: Rs. 10,000 to Rs. 10,00,000
• Processing Fees: Between 0% and 2%

An example of the lending framework is as follows:

1. Loan Amount: Rs. 1,00,000
2. Tenure: 6 months
3. Interest Rate (APR): 24% per year
4. Total Repayment Amount: Rs. 1,12,000
5. Total Interest Payable: Rs. 12,000
6. Processing Fees: Rs. 2,000

BharatPe partners with several RBI-approved NBFCs such as LendenClub and Aditya Birla Finance Limited to facilitate loan offerings. Sanction letters from NBFCs are provided within the app to enhance transparency.

User funds in BharatPe accounts can accrue up to 12% interest daily, with provisions for adding funds or withdrawing at will. Investments are securely managed through licensed NBFC partners.

The application requires certain permissions such as location and contacts to establish accurate credit profiles and tailor loan offers accordingly. The privacy policy is available for review in the app.

For additional inquiries:

• Contact Number: +918882555444
• Email: hello@bharatpe.com

Head Office Address:
Resilient Innovations Private Limited
7th and 12th Floor,
Building No. 8 Block-C,
Cyber City DLF City
Phase 2 Road,
Gurugram, Haryana, 122008.