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Slice review

Pay digitally and kickstart your credit journey with this Indian challenger bank.

Slice is a free-to-use digital payment app and card tailored for the needs of India’s millennials. Equipped with a wide range of AI-powered features, users can easily manage their finances, control card settings, make timely repayments and even access emergency cash – all within a single app.

Find out more about Slice and decide if it’s suitable for you before signing up.

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Account Service


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Physical Debit Card


Product NameSlice card
Annual Account Service₹0
Average Monthly Balance₹0
How to openMobile, Website
Fund TransferUPI
Mobile paymentsGoogle Pay, PhonePe, Paytm

How does Slice work?

Slice (formerly known as SlicePay) is a fintech startup that offers card-based solutions to help young Indians get started on their credit journey and achieve financial capability.

Unlike traditional credit card providers, Slice offers a free prepaid card with a pre-approved credit line without requiring any income proof or existing credit score. This way, the vastly underserved groups (especially students, freelancers and young professionals between 18 to 29 years old) who are typically unable to meet the stringent criteria from banking institutions will be able to build their credit history early on.

In addition to the Slice card, customers will also be able to manage their daily banking needs, benefit from no-cost EMI or access emergency cash directly from the Slice mobile app.

Key features

  • Free account and card. Receive a free-to-use Slice Visa card that comes with a pre-approved credit line (up to ₹. 1 lakh).
  • Spend and manage. Control your finances from a single app. Make your daily payments, track your expenses, enjoy no-cost EMI offers and more.
  • Widely accepted. Partnering with RuPay, the slice card allows you to access over 5 million online and offline merchants across India.
  • Build credit score. Make timely repayments and build your credit score to unlock long-term financial benefits.
  • Buy now, pay later. Up to 6 months of fee-free EMIs from top e-commerce websites such as Amazon, Flipkart, Myntra and more.
  • Auto debit. Set up the auto debiting feature from your Slice app settings and settle your Slice bill automatically on the 5th of each month. This way, you’d never miss a payment.
  • Short term loans. Customers can also avail short-term cash loans for emergencies.
  • Exclusive offers. Enjoy curated deals and promotions on grocery, food delivery, shopping, fuel and more.
  • Referral bonus. Invite your friends to Slice and earn a cashback of ₹. 500 each when they have completed their first Slice card transaction.

Fees and limits

  • Credit limits. For new Slice users, you’d be entitled to ₹ 1 Lahk (if you’re a student) or ₹ 2 Lakh (if you’re a working professional). Your credit limit will increase as you continue to use your Slice card and repay on time.
  • Late payment penalty. Late fee charges will be imposed from the 4th day of the overdue instalment. The penalty will be calculated at ₹ 35 per day, up to a maximum limit of ₹ 2,000; or 30% of the outstanding amount. Interest charges will also be imposed on the overdue principal amount.
  • Bank transfer fees. You’ll be charged a norminal fee when you transfer money from Slice to your bank account, starting from Rs. 30 to a maximum of Rs. 950.

The verdict

With zero subscription fees and a multitude of credit features, Slice certainly rises above its competition.

Users can easily avail short-term loans, split large bills into no-fee EMIs and access a pre-approved credit line, without having to submit income documents for a stringent approval process that’s typically required by traditional credit card providers. Also, Slice’s easy-to-use mobile app offers a clear, real-time overview of your expenses, allowing you to track your expenses and spending patterns.

Before signing up with Slice, make sure to compare other available products in the market to find one that’s best suited for your credit and payment needs.

How to sign up with Slice

To sign up for an account, simply download the Slice app on your smartphone (available on both iOS and Android devices). Input your personal information and complete the KYC process (Aadhaar and PAN card details required). Applications will be approved within 24 hours.

Eligibility criteria

  • 18 years of age or above
  • Indian resident
  • Student, salaried professional, or self-employed individual

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