Buy Now Pay Later in Chennai

Buy Now Pay Later Chennai – Get Instant Credit At 0% Interest

Buy Now Pay Later(BNPL) has been causing disruption in the credit card market in Chennai in recent times. Consumers with no credit card, or no credit history to get a credit card, are increasingly adopting this new lending option to enjoy online shopping.

BNPL in Chennai has caught up fast with shoppers, both online and offline alike. Buy Now Pay Later allows individuals to get instant credit based on their gross monthly income. This credit scheme is generally offered by online digital providers who have tie-ups with leading banks and NBFCs.

Top Buy Now pay later providers in Chennai

• Lazypay
• Zestmoney
• Amazon Pay Later
• Flipkart Pay Later
• Ola Money
• Postpe
• Earlysalary
• Paytm Postpaid
• Mobikwik Zip Pay
• Simpl
• Cashe
• Dhani

Buy Now Pay Later Chennai – Features & Benefits

Chennai is a major shopping hub for the people of Tamil Nadu. Owing to the presence of a large port, goods are available for better prices and people from every city in Tamil Nadu throng this city to do their shopping. Starting from textiles to diamond jewellery, Chennai is the go to place for shoppers not just from neighboring cities, even from neighboring states of Karnataka & Andhra.

Buy Now, Pay Later is an excellent credit option for customers who are unable to obtain a credit card due to a low credit score or a complete absence of credit history.

Under this plan, the buyer is given a credit limit that can be utilized to make purchases on the e-commerce website. This amount will be paid in three, six, nine, or twelve monthly EMIs at a low interest rate. This service is typically provided by e-commerce enterprises in collaboration with major banks and NBFCs. Because this is an unsecured credit, it is akin to a personal loan or credit card.

Additional Read: Credit options for individuals with low credit score

Attractive Features Of Buy Now Pay Later In Chennai

• Instant credit facility; your eligibility is assessed and your credit limit is displayed in less than 5 minutes
• Get interest free credit for up to 50 days
• Get 3, 6, 9 or 12 months EMI for nominal interest rates
• Totally transparent application process done through mobile app
• Secure transactions through your smartphone
• Digitally manage your accounts, pay for purchases and repay your spends
• Available for both online and offline purchases

The most important benefit of Buy Now Pay Later schemes is the totally hassle-free application process. It is done totally online and takes less than 5 minutes to open your account and find your credit limit.

Chennai Buy Now Pay Later – How & Where to Apply?

As previously stated, Buy Now Pay Later is a financing option that provides consumers with a predetermined credit limit that may be utilized to shop online. This works in the same way as a credit card, but the user does not receive a physical card. Furthermore, the credit limit is only equal to the user's total monthly income, so it will not be excessive.

• The user is usually made aware of the Buy Now Pay Later option on the shopping app via a notification or message.
• They'll also be able to find it during the payment checkout process.
• They must provide their PAN number and the mobile number associated with their bank accounts after selecting the BNPL option.
• To establish your repayment ability, the lender does a quick check on your credit history and bank balances.
• The service will show you a credit limit based on these factors.
• The amount will appear in your BNPL account if you agree to the terms and conditions of the financing.
• According to the terms of service, you can utilize this limit only on that shopping app, although some BNPL services allow you to use it on other platforms as well.

Buy Now Pay Later In Chennai – Comparison Chart Of Top 5 Leading BNPL Providers

Buy Now Pay Later Chennai – Eligibility Conditions And Documents Required

Unlike credit cards or personal loans, Buy Now Pay Later loans are easy to obtain and do not require extensive documentation. The following are the essential eligibility requirements:

• Have to be an Indian citizen
• Salaried employee
• Over the age of 21 

Documents required are very simple too – 

• Your PAN number
• Aadhaar details
• Your name, phone number and address

Consumers in Chennai can now buy certain immediate essentials without worrying about their bank balance thanks to Buy Now Pay Later. Many people have improved their spending power as a result of this 15-day/30-day interest-free financing, which has benefited local businesses and small-scale traders.

Chennai Buy Now Pay Later FAQs