Spice Money Adhikari

1.49L reviews
Content rating
Screenshot image
Screenshot image
Screenshot image
Screenshot image
Screenshot image
Screenshot image
Screenshot image

About this app

Spice Money, a subsidiary of Digispice Technologies Ltd., is India’s leading rural fintech company. It is solving for urban-rural divide by providing financial services across 2.5 lakh villages, through a network of 12 lakh+ Adhikaris (Rural Merchants). Currently, Spice Money network covers 95% of rural pin codes in India, providing easy access to a wide array of digital, banking and financial services in over 10 crore households.

The app comes with Zero Subscriber ID cost and Zero Lifetime monthly charges. The registration process is straightforward and only requires your mobile number and basic KYC documents.

Spice Money Adhikaris can provide the following services through their Smart Banking Points:

Cash Withdrawal: Withdrawing cash using an Aadhaar-linked bank account.

Cash Deposit: Depositing cash using an Aadhaar-linked bank account.

Balance Inquiry: Checking balance for an Aadhaar-linked bank account.

Money Transfer (DMT): Sending money to other Aadhaar-linked bank accounts.

Mini ATM: Basic ATM services such as cash withdrawals & deposits using a Debit Card.

Account Opening: Opening of savings & current bank accounts.

Bill Payment & Loan/EMI Repayment: Payments for utilities (water, electricity, gas), Municipal Corp. tax, LIC premiums, & loan EMIs.

Mobile & DTH Recharge: Recharge services across all operators.

Tours & Travel Services: Ticket booking for train, bus, flight, hotel & tourism packages.

Cash Collection: Deposit of premiums, EMIs, & more.

Loans: Low interest rate loans from a wide network of Banks & NBFCs.

Enterprise Cash Management: Day-to-day management of cash inflows & outflows for enterprises.

PAN Card Services: Obtaining a new PAN card or updating an existing one through authorized gov. channels.

Umang: Access to e-gov services.

A regulated entity under RBI, Spice Money holds relevant licenses including Prepaid Instrument(PPI), Bharat Bill Payment(BBPS), GSP license, IRCTC and the corporate agency license for insurance by IRDA. It also facilitates loan services to its Adhikaris & customers in partnership with RBI licensed lenders.

Key Points to consider before applying for a Personal Loan:
* Loan Amount: 1,000 to 5 Lakhs
* Repayment Tenure: 3 months to 42 Months
* Processing Fees: Upto 6.5% + GST for Loan upto 10,000
Upto 5.5% + GST for Loan above 10,000
* Max Annual Percentage Rate (APR): 65.61%
* Repayment Frequency: Daily, Monthly

Example for Monthly Installment Loan:
* Loan Amount: ₹ 2,00,000/-
* Tenure: 18 months
* Interest Amount @ 19.75% pa: ₹ 32,716/-
* Processing Fee @ 3% + ₹ 500/- + GST: ₹6500/- + GST
* Total Repayment Amount (Loan Amount + Interest): ₹ 2,32,722/-
* EMI: ₹ 12,929/-

Example for Daily Installment Loan:
* Loan Amount: Rs. 50,000
* Tenure: 180 days
* Interest Charge @ 30% pa flat: 7500
* Processing Fee @ 2%: 1000 + GST
* Total Amount paid: Rs. 58,500
* Daily Installment Amount: Rs. 371

Interest Rate, Processing fees, and Annual percentage rate vary by product and lender policy.

The company has following lending partners:
Mamta Projects (P) Ltd
Brand Name - Arthmate
For Grievances, contact Hitesh Bhansali @ 8336901719 / statutory.compliance@arthmate.com

Bhanix Finance & Investment Ltd
Brand Name - CASHe
For Grievances, contact Prateek Saxena @ 02246047350 / bhanix@cashe.co.in

Ekagrata Finance Private Limited
For Grievances, contact Asha Daniel / 8047185299 / grievance@ekagratafinance.com
Updated on
27 Nov 2023

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region and age The developer provided this information and may update it over time.
This app may share these data types with third parties
Location, Personal info and 2 others
This app may collect these data types
Location, Personal info and 7 others
Data is encrypted in transit
Data can’t be deleted

Ratings and reviews

1.47L reviews
Prakash Prakash
11 November 2023
This app keep Loooting people's... Every day deducting money in the name voice alert pack without activation.... I have deactivated the plan so many times but no use.. They keep looting money everyday.. Their helpline number is also closed. Be alert guys...
36 people found this review helpful
Sunny Singh
16 November 2023
Worst app.you can open an app physical verification popup msg are showing every minute.so much irritating thing happen in this app . useless and irritating app.fix this kind of popup msg . worst app
30 people found this review helpful
15 November 2023
Very bad experience on Adhikari loan process. Unnecessary time waste. Sol request to immediately modify that hassle of loan process. Previous loan process was easy and helpful for growth business because it was easier method.
20 people found this review helpful