Top 5 applications helping ‘Pay Rent’ with an ease

In the last few years, growth in the number of people renting properties has witnessed a steep rise. This has increased the hassle of paying rent to the property owner. 

Though renting a house is now a much simpler process, paying the rent and getting receipts are still a hassle for many. Owing to this trend, the total amount of annual rent paid in India through various channels such as Cash, PDC and NEFT are now estimated at $50 bn.

Here are the top applications helping tenants manage rent payments: NoBroker.com - NoBroker ‘Pay’ feature makes the whole payment experience very seamless, where a person can pay their rent online and can generate a receipt of the payment. People earlier paid the rent through cash, cheques and NEFT transfers. 

NoBroker Pay makes the experience of rent payment seamlessly. It is a hugely admired feature as it allows the payment of rent through credit card as well. This is a relief to the millennia’s who usually suffer through liquidity crunch. People using credit cards to make payment receive reward points. 

We have focused on becoming the end-to-end solution provider. So we try to ease anything and everything that comes under the ambit of real estate, and is a hassle for consumers.

Paytm - Home rent is a recurring payment. ‘My Payments’ feature of the app helps you automate the expense. Once My Payments is set, it will help ensure that payment is taken care of well ahead of time. 

You can also make seamless and instant money transfers to anyone using your bank account or from your Paytm wallet as well, the choice is yours. With Paytm you bid goodbye to monthly tension of rent payment.

Google Pay - You can use the Google Pay app to accept payments. All you need is an individual current account. Using this account, you can receive up to Rs. 50,000 per month with UPI with no fees. Beyond that, your bank might charge fees or add more requirements.

BHIM – The applications lets you schedule payments for a later date. If you pay a house rent of Rs 5,000 on 15th of every month, you can schedule the payment anywhere before that date. 

The money will still be in your account till the said date, but blocked (you won’t be able to use it). The best part of this is that you keep earning the interest that your bank offers.

PhonePe -  An all in one app that allows you to do recharges, money transfers, bill payments, UPI payments and much more. It offers you an instant refund and cashbacks from the app’s merchant partners. 

You can also recharge DTH, data cards and also pay gas, electricity, landline and other utility bills.  You don’t need to remember IFSC codes, account numbers, or other inconvenient details. 

Instant bank transfers by just using a mobile number or a unique payment identity – your Virtual Payment Address (VPA).