Mint Money app introduces bill payments feature in partnership with NPCI: All you need to know
The Mint Money app is adding a new bill payments feature in partnership with the National Payments Corporation of India (NPCI). The personal finance app already allows users to check their credit score, discover personal loan options and find suitable credit cards.
Puneet Jain, CEO of Hindustan Times Digital, introduced the feature on Thursday. With the new bill payments tool, the Mint Money app is expanding its offering to cover more of users’ everyday financial needs on a single platform.
Check your credit score in minutes
Users can check their credit/CIBIL score for free and get easy-to-understand insights into their credit profile. The app also provides personalised tips for users looking to improve their credit score.
Discover personal loans
Mint Money helps users discover personal loan options based on their credit profile and creditworthiness.
Users can explore loan offers with:
Loan amounts from ₹5,000 to ₹20 lakh
Tenures of 6 to 60 months
APRs ranging from 10.5% to 36%, depending on the credit profile
Interest rates starting at 11% p.a.
Processing fees of up to 1.5%-5% of the loan amount
Digital processing with no collateral
The platform says eligible users can discover loans of up to ₹5 lakh in as little as five minutes, subject to lender approval and eligibility.
Mint Money also features a personal loan interest and EMI calculator, allowing users to estimate repayment costs before applying.
Find a credit card that fits
The app also recommends credit cards based on users’ credit profiles and needs. Users can explore options with potentially higher approval chances, beginner-friendly cards and cards designed to help build or improve credit.
Important disclosure: Mint Money is a digital platform that facilitates loans through lending partners. Its listed lending partners include Akara Capital Advisors Private Limited (Stashfin), Aditya Birla Finance Limited, Si Creva Capital Services Private Limited (Kissht), Credit Saison India Private Limited (Credit Saison), SMFG India Credit Company Limited (SMFG), and EarlySalary Services Private Limited (Fibe). Loan approval, interest rates, fees and other terms are subject to the respective lender’s eligibility criteria and terms.
