Uni Paycheck Discontinued

[sjmajumder]

Received message from UNI that Paycheck has been discontinued as per RBI directive. It is being discontinued from September 2024.

They are exploring new products.

 

[D₹V]

Received message from UNI that Paycheck has been discontinued as per RBI directive. It is being discontinued from September 2024.

They are exploring new products.

View attachment 67559

My honest reaction

 

[CardCraftsman.]

Received message from UNI that Paycheck has been discontinued as per RBI directive. It is being discontinued from September 2024.

They are exploring new products.

View attachment 67559

In becharo ka alag haal kharab h, pehle credit line on prepaid card band kar diya RBI ne, ab ye bhi santi se nahi karne de raha

 

[ank_sh1]

I am too using Uni Paycheck, but have not received any such notification or email.

I think its specific to Liquiloans provider. My credit line is powered by Northern Arc, and its working fine as of today (Hope that it works in future as well)

 

[ank_sh1]

BTW does anyone know an alternative of Uni Paycheck (or any app with 10-15 days of free credit transfer to bank). A friend of mine is looking as Uni Paycheck does not serve his pincode.

 

[sjmajumder]

I am too using Uni Paycheck, but have not received any such notification or email.

I think its specific to Liquiloans provider. My credit line is powered by Northern Arc, and its working fine as of today (Hope that it works in future as well)

You are a lucky man 👍

 

[Ak Singh]

So after this , what will happen in liquiloans account in cibil?
Will it close automatically or we have to close by request to them and what about noc?

 

[pinki]

I

I am too using Uni Paycheck, but have not received any such notification or email.

I think its specific to Liquiloans provider. My credit line is powered by Northern Arc, and its working fine as of today (Hope that it works in future as well)

I Too haven't received any such .

My partner is also northern arc .😉😈😈

 

[Deleted member 40127]

BTW does anyone know an alternative of Uni Paycheck (or any app with 10-15 days of free credit transfer to bank). A friend of mine is looking as Uni Paycheck does not serve his pincode.

Slice borrow feature

 

[Card_Crafter]

What's the benefit of Uni paycheck? I want to understand from the user's POV (those of you who have availed the facility) not from the company's POV.

@sjmajumder @pinki @ank_sh1

 

[pinki]

What's the benefit of Uni paycheck? I want to understand from the user's POV (those of you who have availed the facility) not from the company's POV.

@sjmajumder @pinki @ank_sh1

We get some amount upto 50k every month in our bank accounts without any charges at all for around 15 days.

Main benefit is that
We get some liquid money, with which we can extend the due date of cc's if someone is in need.( W/o any additional charges)

 

[sjmajumder]

I

I Too haven't received any such .

My partner is also northern arc .😉😈😈

Seems I am the only unlucky one here 😢

 

[sjmajumder]

What's the benefit of Uni paycheck? I want to understand from the user's POV (those of you who have availed the facility) not from the company's POV.

@sjmajumder @pinki @ank_sh1

Get 50K for 14 days every month without any charges. Keep it in your SB and earn interest, meet AMB requirement, invest short term, apply IPO - utilize it the way you want to.

 

[sjmajumder]

Slice borrow feature

Can you share some more details please. Is it same like Uni Paycheck? No charges at all?

 

[Ak Singh]

Seems I am the only unlucky one here 😢

NO I am on same boat.
My loan partner also is liquiloans. my uni paycheck also paused.

 

[Card_Crafter]

Get 50K for 14 days every month without any charges. Keep it in your SB and earn interest, meet AMB requirement, invest short term, apply IPO - utilize it the way you want to.

So I have applied and got 50k sanctioned today. Before 20th Sep i have to repay the entire amount? When will be the next disbursal?

 

[Card_Crafter]

Can you share some more details please. Is it same like Uni Paycheck? No charges at all?

Jupiter Mini loan is similar. interest free period up to 45 days. I haven't explored it though so no idea about hidden charges (if there is any).

 

[SplendorSuperman]

Slice borrow feature

I don’t think Slice Borrow is similar.
Its more like a personal loan with processing/ transfer fees.

I had slice when they offered credit line prepaid card but never used this borrow feature though.

 

[UDAYKUMAR]

They find new patner and start the uni paycheck today.

 

[sjmajumder]

They find new patner and start the uni paycheck today.

Yes, I got intimation today. It's Northern Arc.

I gave consent and there was a CIBIL hit (it was mentioned). Uni also forwarded the CIBIL report to my mail id. Services will resume from next month.