How to Delete SlicePay Account Permanently?

Get to know How to Delete your Slice Pay Later Account Permanently instead of just Deactivating or Temporarily Pausing it. Also, get to know things to keep in mind before closing account.

by FighterMan Updated: 30 Aug, 2024, 09:16 IST
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RBI has recently tightened rules on NBFCs and Buy Now Pay Later (BNPL) service providers such as SlicePay, Simpl, LazyPay, Amazon Pay Later, OlaMoney Postpaid+, Paytm Postpaid, Flipkart Pay Later, Jupiter Money, and others. The reason being higher credit limits, decrease in CIBIL score of users, loose verification processes (KYC, income details, etc), consumer complaints, and higher interest rates among other things. Thus, if you are looking to delete your SlicePay account permanently then this article is for you.

https://cdn0.desidime.com/attachments/photos/787896/medium/maxresdefault.jpg?1657790125

One of the reason why people are looking to permanently close their Slice account is their updated T&Cs which say the following.

Each time the Customer utilizes the slice card for undertaking a transaction, the relevant Financing Partner will sanction and disburse the loan, which will be used for loading the Customer’s slice card to undertake the said transaction.

What this means is that every transaction will count as loan. In simple terms, if you do 30 transactions in a month means you have 30 loans against you in a month which may not be suitable for your CIBIL score and other financial reports. As today people do small online transactions frequently, this rule is an important one to consider.

Now, let's move on to the steps you can follow to permanently close your SlicePay account. If you don't wanna delete your account and stay inactive then that too is fine as it does not harm your credit records.

Contact Slice Customer Care

You can contact the Slice Customer Care team to permanently close your SlicePay account via email and phone. You can also do it via chat option provided on the Slice Contact Us page under 'Support' at the bottom.  

Call 080-4709-6430
Email [email protected]
Contact Slice Financial Partners or Lenders

If the above way fails then you can contact Slice's Financial Partners which include Quadrillion Finance Private Limited, DMI Finance Private Limited, Northern Arc Capital Limited, and Vivriti Capital Private Limited. You can do this by call, email, or 'grievance redressal' available on Slice Financial Partners page. Make sure you go to the relevant NBFC which is mentioned in your loan statement.

Reach out to RBI Ombudsman

If none of the above works then the only way out is RBI Ombudsman. You can Reach out to the RBI Ombudsman and file a complaint. Simply register, give complaint details, and submit. After this you will get a tracking ID for checking the status of your complaint. You will then get an email notification once there is a reply from RBI.

Checklist to Successfully Close your Slice Pay Later Account Permanently

Make sure that your Slice Pay Later account is permanently closed instead of Deactivated or Temporarily Paused status by following the checklist below.

  • Clear your pending dues.

  • Check for NOC from your lending provider which says that your Slice Pay Later account is closed with all dues paid. It usually comes in 2-3 weeks of your account closure request.

  • After closure, your CIBIL score will go down a bit, but will be back in sometime.

  • Your CIBIL report may show SlicePay active as it might take 2-3 months to reflect closure.

Slice 'Buy Now Pay Later' Service: All You need to Know

Slice is a money lending digital platform powered by various NBFCs. It claims to have 12M+ users. It has its own UPI in Slice Super UPI. There is also the Slice Super Card which gives upto 2% Instant Cashback on every transaction. 

Slice gives credit lines of upto ₹10 Lakhs with no joining and annual fees. The best part about it is Slice Spark which gives new Deals & Offers every week on Hotstar, Swiggy, Netflix, Dunzo, Myntra, Amazon, Starbucks, and many more. The company claims that Slice is accepted at 99.95% merchants across the country that accept Visa. 

Some of the important coverage you can check:

Thus, getting your Slice account deleted might take some time, but its better to react now. However, these stricter RBI norms will improve the BNPL services in the future! Are you a Slice or any other BNPL service user? Please do share your views below.

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FighterMan aka Sahil Hitesh Ajmera is a 4+ Years Experienced Content Writer with 1.2M+ User Sessions, 486.41% max growth, and 1000+ Articles across Best Products, OTT, Telecom, Online Shopping, Finance, Credit Cards, Saving Tips, Deals & Offers, more!
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Coupon Baba Coupon Baba
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Thanks for detailed steps👍

Commentator Commentator
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Slice😲😲😲
Deal Cadet Deal Cadet
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Thats why its always better to read the detailed post fully instead of reading just title and replying

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Deal Cadet Deal Cadet
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I just mailed Lazypay support team to delete my account. They told me that it has been deactivated. What does that mean
Deal Cadet Deal Cadet
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Now after asking, they are telling me that your account is deactivated and permanent deletion of account is not possible as per our policy.
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Freebie Finder Freebie Finder
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VU for the informational post.👍👍
I've some extra amount above my limit in slice, if I use this extra amount, it's still counted as a loan?

Deal Cadet Deal Cadet
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How to delete fk, amazon pay later?
Like Magnet Like Magnet
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It's better to wait till we see if it's really happening. They might not report every transaction to cibil. I haven't seen any such proof yet. Better to wait without doing any transactions.
Deal Cadet Deal Cadet
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i recently checked cibil report. i didn't see any trnx done in june or july through slice there. wait and watch is the correct approach right now
Deal Subedar Deal Subedar
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@FighterMan What if we do not use slice card anymore? I think the CIBIL score will get affected only if we do transactions from BNPL. Deactivating the account and not doing any transactions seems to be same then what is the use of deactivating/ deleting the account?

Only thing is you need to resist yourself doing any transactions even if there is an offer. Correct me if I am wrong.

Talk-Of-The-Town Talk-Of-The-Town
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I am still using slice card for the last 8 months no problem in cibil score. It stagnated at 813. My 80% purchases done by slice card. I have 8 nos LTF CARDS. 6 of them are in sleeping mode. I use every credit card as debit card. 98% zero bill generation. I love 1% cashback plus spark. I never take tension about cibil score. Because I haven't to take any loan.   
Deal Subedar Deal Subedar
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Because the rule came into picture this month only. Every bnpl app changed their t&cs on june 30 or july 1. You’ll see the effect from the next month😂

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Trailblazer Trailblazer
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What about simpl users, is there any updation for simpl too? 
Commentator Commentator
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I gave a closure request. But they keep asking to confirm the closure again and again on emails. It's a pain to close these BNPL accounts.
Talk-Of-The-Town Talk-Of-The-Town
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This is my status of Amazon pay later https://cdn0.desidime.com/attachments/photos/788304/medium/Screenshot_2022-07-15-21-08-33-11_fd1e8ef594b195c55a3bba4818d0ce35.jpg?1657899635

Helpful Helpful
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You should also ask them to delete all details from their server.
Talk-Of-The-Town Talk-Of-The-Town
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Last ब्रम्हास्त्र , put complaint on personal grievance portal Govt. Of India. First you make some ground work. Email them. Then make account on below portal. Write your grievances.

https://pgportal.g...n/
Post Tycoon Post Tycoon
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Bus ..nikl gyi hawa sweat_smile sweat_smile sweat_smile
Flame Flame
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How to close lazypay account permanently @FighterMan
Deal Cadet Deal Cadet
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Too sad. I started liking slice recently... and now this. I will probably wait for a month and then close my cards. Will not use them n keep them dummy
Deal Cadet Deal Cadet
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Profile pic>>>Settings>>>Delete Account


Deal Cadet Deal Cadet
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How to deactivate freecharge later account ?
Deal Subedar Deal Subedar
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I sent them a mail to delete my data , so far no reply. anyways i never used their service as they never approved my card. but i think they might have data.

Deal Newbie Deal Newbie
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I checked my CIBIL and there was only credit limit active and no different loan accounts opened for each transaction. Did anyone else checked or I am looking at the report wrong ?
Deal Cadet Deal Cadet
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i also checked in june. no multiple loan accounts, just one credit limit. can anyone who has recently checked update everybody?
Deal Newbie Deal Newbie
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Already done  https://cdn0.desidime.com/attachments/photos/792604/medium/IMG_20220730_141249.jpg?1659170582
Post Tycoon Post Tycoon
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or lelo fraandss cashback or free ka paisa 🤣🤣🤣
Heart of Gold Heart of Gold
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Their partners like quadrilian and others, never care to reply on your mail. Good post plus1
Deal Lieutenant Deal Lieutenant
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i always payback as soon as i spend on slice, onecard. will they still open loan accounts on my cibil? i never had bills in my any paylaster apps or cards

Deal Newbie Deal Newbie
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Any impact noted then kindly share
Deal Newbie Deal Newbie
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Lost my card in 4 th month

Deal Newbie Deal Newbie
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Delete my slice account 

Deal Newbie Deal Newbie
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Account is permanently deactivate 

Deal Newbie Deal Newbie
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Delete my slice account

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