Anyone using UNI paycheck feature here?

[BhaiyaJi]

Is the monthly deposit reported as a separate loan account?
Did you face any issues with bill payments, etc?

 

[Lazygreen]

Anyone taking hit on CIBIL fater uncheck?

 

[rj_arora]

Any update here? What's the effect on CIBIL?

 

[Rdspam]

Been using it a few months, no real noticeable cibil change

 

[rj_arora]

Been using it a few months, no real noticeable cibil change

Ah, okay. And how's the experience?
Any tips or tricks or best practices or guidelines?

 

[Rdspam]

Ah, okay. And how's the experience?
Any tips or tricks or best practices or guidelines?

Just use it like you would a credit card, pay on or before the due. Don’t let it carry over unless you absolutely need to. I think interest is per day and unlike CCs I don’t think you will have the 3 day grace period after due date to pay. I didn’t really have much need for it, just took it for the sake of it, free money interest. I pay back on the due date.

 

[Paritosh]

My cibil affected by 30+ points. Planning to stop using the service.

 

[dhiraz]

Uni Paycheck Users Now Can Get UNI NX Wave Yes Bank Credit Card

Today I Got a Early Access Message and I did VKYC Successfully

 

[sjmajumder]

Update:: I had opted for it. but it affected my cibil score alot. i would suggest everyone not to try this.

No Impact on CIBIL at all. Paid always on Due Date. Using since December 2022.

 

[sjmajumder]

Yes....
Uni denies it, but it eats ur CIBIL

Illogical. A personal loan account with timely payment cannot impact your CIBIL by a great deal. It can have some impact when the loan account is first reported but as you make regular timely payments the impact will go away. It has not impacted my CIBIL at all.

 

[Boy 07]

I am also using paycheck with 50 k from 7 months by using this my cibil did not dropped a single point but its showing separete personal loan due to this my debt has grown and i am facing a lot problems for getting credit cards from SBI,INDIAN BANK UNION BANK ETC they decline my cards by saying that your debt is grown although my cibil is 777 and utilization is 1 % payment is 100 %. I am confused what should i do ?

 

[sjmajumder]

I am also using paycheck with 50 k from 7 months by using this my cibil did not dropped a single point but its showing separete personal loan due to this my debt has grown and i am facing a lot problems for getting credit cards from SBI,INDIAN BANK UNION BANK ETC they decline my cards by saying that your debt is grown although my cibil is 777 and utilization is 1 % payment is 100 %. I am confused what should i do ?

Not sure what impact a personal loan of 50K makes...I did not have any issues getting several cards. Check here

 

[prakashraj]

I am using from past 9 months with 50k pay check, My CIBIL never came below 790.

Mine is only 24k, they upgrade the limit of not?

 

[moneyMaker]

separete personal loan due to this my debt has grown and i am facing a lot problems for getting credit cards

can you share the personal loan record screenshot of your CIBIL report after redacting any personal information.

I want to see how and in what form Uni reports this "paycheck" as.

I think if you have a home loan + this, it will help you a lot in life, but only this loan/paycheck and not many other credit card limits will prevent you from getting cards.

i mean 50k/(total credit limit of all cards) should be as low as possible.