BharatPe for Business vs ZestMoney Usage & Stats

BharatPe BharatPe is a payments app that allows merchants to accept payments from any UPI app - PhonePe, PayTM, GooglePe, BHIM, and 150+ others with your BharatPe QR. Additionally, customers can pay through multiple modes like Bank Account, RuPay Credit card and Wallet etc on BharatPe QR. BharatPe also offers on-demand settlement (settle money to your bank account anytime) and day-end auto settlement. From the BharatPe app, you can order BharatSwipe card machines to accept all debit and credit cards. This comes with multiple features like a free trial period, monthly rental offer, instant payment settlement, and receipt printing for card and QR transactions. You can invest your collections to earn up to 12% interest per annum. 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, without any security or guarantee. You can repay the loan amount through Easy Daily Installment (EDI). Repayment Terms: Repay in Easy Daily Installments (EDI) Loan Tenure: 2 months (minimum) to 15 months (maximum) Interest Rate - Annual Percentage Rate (APR): Ranges from 21% - 30%. APR is communicated on the BharatPe App while taking a loan. Amount: Rs. 5100 to Rs. 10,00,000 Processing fees: 0% to 2% An example: 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 NBFC partners: Loans are given in partnership with RBI approved NBFCs - Hindon mercantile limited, LendenClub (Innofin Solutions Private Limited), Arthmate(Mamta Projects Private Limited), Liquiloans (NDX P2P Private Limited) and ABFL ( Aditya Birla Finance Limited). NBFC sanction letter is shown on the app and shared as a notification. 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. 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 a BharatPe card. Permissions 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. You can check the privacy policy at - Privacy Policy - BharatPe Please note that BharatPe is the brand name of the application launched by Resilient Innovations Private Limited. BharatPe is our developer name. Contact Information: +918882555444 hello@bharatpe.com Home - BharatPe Head Office: Resilient Innovations Private Limited (BharatPe) Building No. 8 Tower C, 7th Floor, DLF Cybercity, Gurgaon-122002 Haryana, India RESILIENT INNOVATIONS PRIVATE LIMITED

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ZestMoney

ZestMoney. Dream big, pay small. A better life is for everyone. And Zest helps make it accessible for millions to upgrade, to enhance, to rise, while keeping it affordable. Buying with Zest gives you the freedom to shop right now and repay in parts up to 36 months. You get to pick what works best for you. With a quick 3-step approval process Zest is accepted at over 10,000 online & 75,000 offline stores. Why should you use ZestMoney? ● Best Pay Later App with affordable EMI tenures ● Shop on EMI with 10000+ stores ● Fully digital process with no paperwork ● Instant loan approval and disbursal ● No credit card or CIBIL score required Important terms and conditions regarding personal loans offered on the ZestMoney App ZestMoney facilitates personal loans through its lending partners to select customers based on different factors like good repayment behaviour etc. The loan repayment period can vary from 3 months to 36 months. The maximum cost (interest & processing fee) can go up to 36% APR (Annual Percentage Rate) based on an individual’s credit profile, although most of our customers incur much lower cost. As an example, if you take a personal loan of Rs.20,000 for a tenure of 12 months at 20% interest rate, you will have to pay a processing fee of Rs.708 (3% of loan amount & GST) and your EMI will be Rs.1853. The total interest charged will be Rs.2232 (which is already included in your earlier mentioned EMI amount). Hence, you will be paying a total of Rs.22,940. EMI repayments can be made directly to ZestMoney via payment modes such as UPI, Debit card or net banking.