By Admin 
UPI Loan Without Interest: UPI is preparing to take another big step in the world of digital payments. Now work is being done to make small loans easy and flexible through UPI. If the ongoing discussions between banks and National Payments Corporation of India (NPCI) are successful, then interest will not have to be paid on loans received through UPI for a limited period.
As in credit cards. While this change may bring relief to common users, the concerns of credit card related companies are bound to increase.
upi credit line
UPI credit line did not become that famous among the people. A major reason for this was its interest system. Whenever a user made a payment through this facility, there was a possibility of interest being added on that amount from the same day.
For example, if there is no money in someone’s account and he needs money immediately, then in such a situation the amount would be available. But the pressure of interest started immediately. Due to fear of which most people avoid using UPI credit line.
What is the new plan?
Under the new plan of NPCI, UPI credit line is to be given a grace period like credit card. No interest will be charged from customers during this period. This type of facility is available in credit cards.
That means, if needed, you spend from the credit line and pay it before the bill date. No extra charge will be taken for doing this.
Some banks started new initiatives
This change has started from some selected banks. Yes Bank has started providing the facility of interest free payment for 45 days on its UPI credit line. At the same time, Suryoday Small Finance Bank is also giving 30 days interest-free period to its customers.
These initial steps indicate that the banking sector is seriously trying this new model and it may gain further momentum in the future.
Also read: Budget 2026: Why do officials get ‘locked’ before the budget? Know about the lock-in period..