New Delhi. Many companies in the country are providing the facility of ‘Buy Now Pay Later’. This concept is becoming increasingly popular. Under this interest free loan facility, you buy any item and after a few days pay the price i.e. make repayment. At the same time, UNI Pay 1/3rd Card is a unique Buy Now Pay Later card, through which you can pay all the expenses done in a month in 3 equal monthly installments without any interest or charge.
1% cashback is available on making full payment
However, if you decide to make the full payment, you get 1% discount/cashback on the total bill. Last year the UNI Pay 1/3rd Card was launched by Uniorbit Technologies (UNI) in partnership with RBL Bank, State Bank of Mauritius and Liquilons.
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Works on Visa platform
UNI Pay 1/3rd Card has been introduced on the Visa platform. This means that the card can be used at all online websites or merchant outlets that accept Visa cards.
No interest or extra charge
Suppose your monthly bill is Rs 9000. Like any other credit card, you can pay your bill in full. But if you are short of cash, you can clear the outstanding amount by paying Rs 3,000 at the end of the first, second and third months. The special thing is that you will not have to pay any kind of interest or extra charge.
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At present the card is lifetime free, charge may be taken after January 31
Recently, UNI Founder and CEO Nitin Gupta had said, “This card is currently free for lifetime till January 31, 2022. After that the charge will be applied. Hence, customers who download the UNI App till 31st January 2022 will have lifetime freebies and new customers will be charged thereafter. Change is possible and we can extend the timeline.”