{"id":61335,"date":"2025-08-30T13:07:35","date_gmt":"2025-08-30T07:37:35","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=61335"},"modified":"2025-08-30T14:20:19","modified_gmt":"2025-08-30T08:50:19","slug":"indias-first-emi-based-credit-card","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/indias-first-emi-based-credit-card\/","title":{"rendered":"India&#8217;s First EMI-Based Credit Card"},"content":{"rendered":"<h2><strong>India&#8217;s First EMI-Based Credit Card Latest News<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">BharatPe and Unity Small Finance Bank (Unity Bank) recently launched the Unity Bank BharatPe Credit Card\u2014India&#8217;s first EMI-driven credit card on the RuPay network.<\/span><\/p>\n<h2><strong>About India&#8217;s First EMI-Based Credit Card<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Launch: <\/b><span style=\"font-weight: 400;\">Unity Small Finance Bank (Unity Bank) and BharatPe have jointly launched a credit card that allows customers to either pay in full or convert their spends into equated monthly instalments (EMIs). This is being introduced as India\u2019s first EMI-driven credit card on the RuPay network.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Partnership: <\/b><span style=\"font-weight: 400;\">The Unity Bank BharatPe Credit Card has been developed in association with the <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/national-payments-corporation-of-india\/\" target=\"_blank\"><strong>National Payments Corporation of India (NPCI)<\/strong><\/a>.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>UPI Linkages: <\/b><span style=\"font-weight: 400;\">The card can be linked to Unified Payments Interface (UPI), enabling payments at a wide range of merchants nationwide.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Eligibility: <\/b><span style=\"font-weight: 400;\">The card will be available to both salaried and self-employed individuals. Applications can be made through the BharatPe app, where users can complete onboarding, KYC, and credit eligibility checks digitally before card activation.<\/span><\/li>\n<\/ul>\n<h2><strong>Key Features of First EMI-Based Credit Card<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Auto-EMI Conversion:<\/b><span style=\"font-weight: 400;\"> Purchases can be instantly split into EMIs up to 12 months, with flexible repayment options.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Zero Fees:<\/b><span style=\"font-weight: 400;\"> No joining, annual, or foreclosure charges\u2014lifetime free card.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">UPI Integration: Linked to UPI for widespread merchant acceptance and instant payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reward Program: <\/b><span style=\"font-weight: 400;\">Earn flat 2% rewards on EMI transactions, redeemable through the BharatPe app.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premium Benefits: <\/b><span style=\"font-weight: 400;\">Complimentary domestic and international lounge access, and preventive health checkups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Digital Onboarding: <\/b><span style=\"font-weight: 400;\">Seamless application, KYC, and activation via the BharatPe app.<\/span><\/li>\n<\/ul>\n<p><b>Source: <\/b><a href=\"https:\/\/www.livemint.com\/money\/personal-finance\/unity-bank-joins-hands-with-bharatpe-to-roll-out-first-emi-credit-card-check-details-11756383322241.html\" target=\"_blank\" rel=\"nofollow noopener\"><b>MINT<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s first EMI-Based Credit Card was launched by Unity Small Finance Bank in partnership with BharatPe. Read more about India&#8217;s First EMI-Based Credit Card, Key Features, Eligibility, Latest News.<\/p>\n","protected":false},"author":8,"featured_media":61325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[2409,21,22,23],"class_list":{"0":"post-61335","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-indias-first-emi-based-credit-card","9":"tag-prelims-pointers","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/61335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=61335"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/61335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/61325"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=61335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=61335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=61335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}