Archive · 16 Jun 2025
NPCI Launches Credit Line on UPI for Easier Borrowing
Imagine you need a little money, but don't have it right now.
Now, with UPI, you can get a small loan quickly.
It's like using a credit card, but easier.
You scan, pay, and choose to borrow.
You pay it back in installments or however you like.
The interest is possibly cheaper than credit cards.
It's a new way to borrow small amounts of money when you need it!
NPCI introduced a 'Credit Line on UPI' feature for users.
Users can access pre-sanctioned credit through UPI.
It works like regular UPI, selecting the credit option.
Repayments can be EMIs or overdrafts.
Interest rates may be lower compared to credit cards.
- Who
- The National Payments Corporation of India (NPCI).
- What
- A new feature called 'Credit Line on UPI'.
- When
- The feature has just been launched.
- Where
- On Unified Payments Interface (UPI) platform.
- Why
- To provide users access to pre-approved credit through UPI.
- Feature Name
- Credit Line on UPI
- Provider
- NPCI
- Functionality
- Access pre-sanctioned credit
- Payment Method
- UPI
- Repayment Options
- EMIs or Overdraft
- Potential Benefit
- Lower interest rates than credit cards