Ola Money has recently upgraded the Ola Money Postpaid to Postpaid Plus. This up-gradation is an invite-only offer. This offer is only for the users upgrading their Ola Money Postpaid to a higher credit line which has a 30-days credit cycle.
The upgrade from Ola Money Postpaid to Postpaid Plus can be done by following a few simple steps. This offer is a loan product for which Ola has partnered with financial partners like NBFC.
The limit in Postpaid Plus may increase based on the usage and on the timely payment of the bill by the product user. However, for any activity that is deemed risky and poses a threat, the organization has the right to revoke the line.
If the user does not pay back, reminders are sent through emails, SMS, and phone calls during the given time duration. In the event of late payment, the user is charged a late payment fee.
Even after several reminders if the user is delaying the repayment the partners of the company can report the case to the credit bureaus. This will result in the inability to gain access to any sort of financial product and will impact the credit rating.
Required Information
Information that is required for upgrading to Post-paid Plus is as follows:
- KYC details: Details like PAN Card information, a selfie, and address proof. Ola Money users who already have registered the details will be asked for the consent of the wallet, KYC and the details will be shared directly with the Post-paid Plus product.
- User’s Date of Birth
- User’s Communication Address
- Photo of the PAN Card provided for KYC
Note: The list may include additional information as per the KYC norms when the organization changes the regulations.
Reasons for KYC failure
KYC verification may fail due to the following reasons:
- Provided Information is incorrect.
- Documents uploaded are not coloured or not clear.
- Documents uploaded and information provided by the user do not match.
- Required documents have not been uploaded.
Benefits of Ola Postpaid
- The user can pay for all expenses at once every 15 days.
- Payment can be done on over 300 apps and not just for cabs.
- Payments can be done at a faster pace with just one click.
- There are no additional charges on payments made via this.
- There is only one bill.
Application Process
- Step 1: Open the Olaapp.
- Step 2: Select OlaMoneypresent in the Menu.
- Step 3: Click on OlaMoney Postpaid.
- Step 4: You can now use the particular facility.
Process for Clearing Dues of Ola Postpaid
- Step 1: Go to the Profile Menu.
- Step 2: Select OlaMoney.
- Step 3: Select Postpaid Balance.
- Step 4: Select ‘Clear Dues’and complete the payment using any mode of payment.
Offers :Ola Money Postpaid Cashback offers
- Cashback up to Rs. 200 on BookMyShow.
- Cashback up to Rs. 300 on Drug Store.
- Cashback up to Rs. 250 on PharmEasy.
- Cashback up to Rs. 200 on Magicpin.
- Cashback up to Rs. 400 on Netmeds.com
- Cashback up to Rs. 500 on Abhibus.
- Cashback up to Rs. 300 on MedLife.
- Cashback up to Rs. 150 on Box8.
- Cashback up to Rs. 150 on FreshMenu.
- Cashback up to Rs. 150 on TenderCuts.
- Cashback up to Rs. 150 on Faasos.
- Cashback up to Rs. 300 on Purplle.com
- 20% Cashback up to Rs. 300 on redBus.
- 20% Cashback up to Rs. 200 on ixigo.
- 10% Cashback up to Rs. 200 on ixigo.
- 10% Cashback up to Rs. 500 on ixigo.
- 6% Cashback up to Rs. 1000 on HappyEasyGo.
- Discount:Flat Rs. 10 off on HungerBox. Minimum order of Rs. 20 per meal required to avail of this offer.
- Discount: Flat 50% off on CoolWinks.
Ola Money Credit Card
- Discount: 25% discount on Treebo Hotel Bookings.
- Discount: Rs. 1000 discount each month for 2 months on Furlenco.
- Discount: Rs 500 off on Myntra.
- Discount: 70% off for a 1-year subscription to Gaana Plus.
- Discount: 20% Discount on Zoomcar.
Conclusion
OlaMoney Postpaid plus offers many benefits that were previously not available. OlaMoney upgrade will now allow the users to pay money later. Users can now use OlaMoney for transactions across various apps other than cab applications. It is safe and reliable as the company has partnered with other financial partners.
