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Simpl New update rolled , asking for e-KYC and CRIF credit check.

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scotty2scott

TF Neo
Simpl new update, asking for profile verification
Using simpl for past 3 years limit is 25k
and they gonna limit the existing features like billbox and instant refund to verified customers maybe
recently they started charging 49 rs month for using billbox also and now this
If doing eKYC now does it appear on credit report like personal loan ?
 

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scotty2scott said:
Simpl new update, asking for profile verification
Using simpl for past 3 years limit is 25k
and they gonna limit the existing features like billbox and instant refund to verified customers maybe
recently they started charging 49 rs month for using billbox also and now this
If doing eKYC now does it appear on credit report like personal loan ?
Click to expand...
if they do kyc, 99% they will report as loan.

There are pros and cons of doing. Most probably the loans or paylater below 60K does effect our credit worthiness. Better to do kyc, Simpl too should long last + you can save youself from fraud transactions.
 
Tejo said:
if they do kyc, 99% they will report as loan.

There are pros and cons of doing. Most probably the loans or paylater below 60K does effect our credit worthiness. Better to do kyc, Simpl too should long last + you can save youself from fraud transactions.
Click to expand...
I am using it from Feb 2023
And now limit is 15k
Not showing as loan in cibil
So it means my pan is not linked?
I didn't remember i provided my pan to them or not
 
Yeah it's asking for profile verification for me. I used in August 2023 and also don't see a reason for using it now cos they don't accept payments from cc freely so will sign out n remove the app
 
prash1161 said:
I am using it from Feb 2023
And now limit is 15k
Not showing as loan in cibil
So it means my pan is not linked?
I didn't remember i provided my pan to them or not
Click to expand...
Mostly probably yes.

Previously the Simpl didn't taken any PAN etc, Just mobile number, dob & mail. Several have consumed and abused.

Might it due to the abuse or rbi guidelines, simpl doing kyc.

But it's still a unsolved question that it will report as loan or not because simpl is not nbfc nor they have partnership with any nbfc.
 
Simpl pay later is now asking
For
1- kyc
2- cibil score ( being checked)

Now this should be reported to cibil report..

Without this you can't use simpl now .
 
DocFixIt said:
Simpl pay later is now asking
For
1- kyc
2- cibil score ( being checked)

Now this should be reported to cibil report..

Without this you can't use simpl now .
Click to expand...
Used Simpl today on Blink It after a while. Last used in May 23.
Haven't done the kyc part. Still could use it.

So I don't think it's compulsory.
 
Also anyone knows Simpl MCC?
Its asking for conv fee if paid via CC.
Anyone tried payment by UPI via CC?
1000199393.jpg
 
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