In recent years there are many buy now pay later apps launched in India. If you are using a credit card then it is similar to those credit cards. These kinds of apps provide the features like instant payment to your light bill, gas bill, shopping, food and etc. This kind of app helps people to maintain and meet their daily expenses.
Sometimes your bank’s server doesn’t work and you get late for any kind of repayment. Then these apps help you to pay your bills. So you don’t have to worry whether you have a cash or bank server problem. In this post, we will see the overview of the best buy now pay later apps in India for IOS and Android.
Buy now pay later apps in India
If you are applying for credit cards and it’s difficult to get approval then you can go for these apps. These apps are an alternative to credit cards. You will get some amount limit to purchase and repay it within the time limit. There are so make fake apps that are being promoted on the internet.
Because of these things, people get deceived and lose their money. It’s better to research before you take any cards or download any apps. Here I am going to list some buy now pay later apps, that will help you to choose and use the right and trusted apps. These are trusted and verified apps and are being used by so many users.
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1-Paytm Postpaid.
Paytm is the most secure and safe app for any kind of transaction. It offers you to pay your bills and send money from one bank to another bank. Apart from all these features, Paytm also offers pay later services and it is called Paytm postpaid. While opening the Paytm app, you can clearly see the Paytm postpaid option on its dashboard. You will also find this option just below the profile settings.
These features include bill payment, recharges, Paytm mall shopping and etc. It is a BNPL (Buy Now Pay Later) app hence it also provides you the transaction limit based on your monthly transaction history. You will also receive the generated bill every month in your registered Gmail Id. It has 3 variants, Postpaid DELITE, Postpaid LITE, and Postpaid MINI. Postpaid Lite and postpaid Mini have convenience charges but postpaid Delite carries no charges.
Features.
- You can pay online partners and Paytm merchants.
- You can shop on Paytm Mall and make a bill payment.
- 30-day zero-interest repayment period.
- You can get a maximum limit of up to ₹60k.
- It builds your credit score just like credit cards.
- It is compatible with Android and IOS.
2-Amazon Pay Later.
Amazon is the biggest e-commerce website in the world. This company ships nearly 1.6 million orders a day. Amazon also provides pay later services to their users with Capital Float and IDFC First Bank as its lending partners. Based on their credit profile, amazon provides users with zero-interest credit lines. Amazon pays later services helps the user to pay their water bills, electricity bills, and buying groceries.
You can also use the EMI option in Amazon pay later services for 3-12 months. You need to enable the auto repayment option in order to pay your EMI every month. The amount will be automatically deducted at a specific date every month.
Features.
- You can do shopping with the pay later option on Amazon.
- Users can use this service for any kind of bill payment like Water, Electricity, or mobile bill.
- This service offers an amount limit of up to ₹60k
- It is compatible with Android and IOS.
Check out the complete details of Amazon pay later services by clicking this link.
3-Bullet- Pay Later App.
Bullet pay later the app is a postpaid UPI app and it provides credit over UPI without any extra charges. It gives users up to ₹10k credits for UPI payments at zero interest. Users can use this credit amount to pay offline and online merchants who accept UPI payments. Just like the other BNPL apps, it also allows users to pay gas, light, and mobile bills. You can use this app for Bigbasket, Swiggy, and Myntra.
You can do the repayment within 5 days of online bill generation. The online bill is generated twice every month so that users don’t miss the repayment date.
Features.
- Users can use payment options in famous apps like Amazon, Swiggy, and Zomato.
- Users can use the credits for any kind of bill payment.
- This app allows users to get credit up to ₹10k.
- It is compatible with Android and IOS.
4-LazyPay.
It is based on the Netherlands-based fintech company PayU. LazyPay is one of the best and most secure apps that provides buy now pay later services. Users can get instant credit without any physical paper KYC process. Users can use their UPI id or directly scan and pay to the merchants who accept UPI. You can use this app for various online services like Swiggy, Bookmyshow, Ola, Uber, Flipkart, Myntra, and Zomato.
You can also choose the EMI option if your transaction amount is more than ₹10k. LazyPay allows users to shop online for more than 100+ apps and websites. You can take an instant loan directly to any bank account. You should be the salaried person to use this app and your age should be between 22 to 55 years.
Features
- You can use scan and pay with UPI options.
- Users can use this app for more than 100+ online shopping apps.
- 15-day 0-interest repayment period.
- It offers the highest credit limit of up to ₹1,00,000.
- It is compatible with Android and IOS.
- You can check other FAQs by clicking this link.
5-Simpl Pay Later.
This app is also one of the best BNPL options for users. It allows users to pay to online platforms like 1MG, Rapido, Zomato, Dunzo, Gaana, BigBasket, and more. Users can also pay bills like Gas, electricity, water, and many more bill payments. The best part of this app is, it always gives discounts and offers to its users. The online bill is generated twice a month and the repayment cycle is for 15 days.
It has a very easy GUI and navigation that allows new users to understand quickly. In case you are unable to repay the credit, then 250+GST is applicable for every user. The best thing about Simpl pay later is, it holds late payment charges if you have any glitch with the app.
Features.
- Use the credits for supported online merchants.
- Provides various online bill repayment options.
- There is always a discount and offers for merchants.
- It is compatible with Android and IOS.
Things to remember before using these apps.
These are the most famous and trusted BNPL apps in India. But you need to take care of so many things before using these apps. Kindly use these apps if you can repay the amount on time. Maintain good relationships with these services by making payments on time. Delaying the payment can cost hidden charges, and late payment fees and impact your credit scores.
Missing the repayment amount reduces your credibility and can impact in future ability to take the loans. Hope you would like this post about Buy now pay later apps. If you found this article informative and helpful, share it with your friends and colleagues. Also, share your experiences if you are using any of these mentioned BNPL apps.