Interested in financial products
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Max Tenure

180 Days

Best Rate

0%

Processing Fee

0 - 500

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Features

  • Partners(Amazon,Flipkart,BigBazar)
  • Avail loan as low as 3000.
  • Instant approval and get vouchers on same day.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • 1, 3 & 6 Months EMI Option – For salaried (Greater than 18000 - Month)

Pricing

  • Interest rate - 0%
  • Processing fee - Starts @ 0 - 500

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement

Max Tenure

NA

Best Rate

2.75% p.m

Processing Fee

1.5%

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Features

  • Easy and Intuitive mobile-only application
  • No human interface. Only four documents to upload in the application
  • MULTIPLE LOAN TENURES- A choice of repayment options.
  • MULTIPLE LOAN OPTIONS- Choose from a variety of loan options.
  • CASHe- powered by Bhanix Finance and Investment Ltd, an RBI registered NBFC
  • Interest rate - 2.75% per month
  • Processing fee - 1000 INR or 1.5%

Pricing

  • Interest rate - 2.75% per month
  • Processing fee - 1000 INR or 1.5%

Documents Required

  • ID Proof - Pan card- Mandatory
  • Address Proof - Aadhar card, Driving license, Phone Bill
  • Income proof - Latest salary slip, Latest Bank statement with Salary Credit

Max Tenure

NA

Best Rate

0%

Processing Fee

0%

Max Tenure

NA

Best Rate

Processing Fee

NA

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Buy Now Pay Later Noida! Best Shopping Experience at Best Rates

Buy Now Pay Lateris here to disrupt the credit card industry! Consumers can now shop to their heart’s content without a credit card.

Buy Now Pay Later(BNPL)- A new financing option provided primarily through e-commerce platforms.  Under this plan, the buyer is given a credit limit that can be utilised to make purchases on the e-commerce website and retail stores. This money is normally repaid in 30 days, interest-free. Users can also pay it back in 3, 6, 9 or 12 simple EMIs at a low interest rate.

Depending on their eligibility, customers may be eligible for 'No Cost EMIs' on the credit limit for a set number of months. Though this payment option is most widespread on e-commerce sites, retailers are also incorporating it to increase sales and profitability.

Buy Now Pay Later is similar to a virtual credit card in that it allows you to buy whatever you want without the hassles of the credit card application procedure and stringent eligibility conditions.

Why Are Consumers In Noida Opting For Buy Now Pay Later?

Every industry in India has its headquarters in Noida. It has experienced a large influx of people looking for work from all around India. Naturally, the retail business is well-represented in this area, offering a wide range of goods and services. It is truly a bustling retail zone, with the best malls and shopping complexes.

By enhancing consumers' purchasing power, Buy Now Pay Later gives them the power of choice!

If you are still unsure about this lending option, consider the following:

  • Simple and straightforward application process that takes less than 10 minutes to complete
  • Can be considered for an additional credit line
  • Consumers have higher purchasing power as a result of this.
  • Users of BNPL receive additional benefits and discounts from e-commerce platforms when they use it to make purchases.
  • On festival days and during special sale periods, consumers are also provided unique 'No Cost EMI' deals.
  • Account maintenance, purchases, and repayments are all completed entirely online.

You may be interested in - Top 7 Mobile Payment Apps For Small Businesses In India

How Does Buy Now Pay Later Work For Noida Shoppers?

Buy Now Pay Later, as previously stated, is a loan service that provides shoppers with a predetermined credit limit that may be used to shop online. In most circumstances, the buyer will need to sign up for this payment method online. You must provide your PAN and bank account information. The finance company, which is usually affiliated with the vendor, then processes information and calculates your monthly credit limit.

This credit limit is normally set by your bank account's monthly average balance and your purchasing habits. Because this account is linked to your bank account, the outstanding payment will be debited directly from your bank account. This functions similarly to a credit card, however the user does not receive a physical card. Furthermore, the credit limit is limited to the user's total monthly income, ensuring that it is not excessive.

  • The user will typically see a notification or message on the shopping app advising them of the Buy Now Pay Later option.
  • They can also discover it on the payment confirmation screen.
  • When customers select BNPL, they will be prompted to provide their PAN number as well as the cellphone number connected with their bank accounts.
  • To determine your repaying capability, the lender conducts a brief review of your buying history and bank balances.
  • Based on these parameters, the service will present you with a credit limit.
  • Once you agree to the terms of the financing, the funds will be deposited into your BNPL account.
  • To access and use this credit limit, you must first complete Full KYC.
  • The rules of service state that you can only use this limit on that shopping app, yet a few BNPL services enable you to use it on other platforms as well.

List Of Top 5 BNPL Providers In Noida

1. CashE

CashE is one of the simplest Buy Now Pay Later lending options available in the market. A simple 2 step account activation gets you an amazing credit limit. Just enter your basic details and get your credit limit instantly on your CashE app.

  • Connect your Simple app to 1000s of neighborhood merchants and start shopping from them.
  • Get up to Rs.4 lakh loan to shop happily
  • Single tap payment completion for all your online purchases through your Simple app
  • Repay comfortably in 2 billing cycles in a month. Or choose EMIs that range from 3 months to 1.5 years
  • Totally transparent process that has no hidden fees or charges. 
  • Loan scheme that doesn’t pay much weightage to your credit score enabling low credit score users also to avail financing

2. Zest Money

Zest Money is by far the most popular BNPL platform for online shoppers. They have affiliation with more than 1.5 lakh stores across India and offer you credit limits of up to Rs.2 lakhs. Here is why people prefer ZestMoney BNPL:

  • Open account within minutes and get approved credit limit instantly
  • Buy things online or offline without a credit card
  • Partnership with more than 150,000 merchants to bring the best products to you 
  • Avail 0% EMI on ZestMoney for your purchases
  • Comfortably repay in 3-4 months
  • No penalty for prepayment or part payment
  • No hidden charges; enjoy total transparency

3. Amazon Pay Later

Due to its online presence, Amazon Pay Later is widely used by most Indians. Here are some points to note about Amazon Pay Later:

  • Easy and hassle-free EMI payments on all qualified Amazon App and Amazon browser purchases.
  • Repay in convenient EMIs of 3-12 months.
  • Manage your account through a separate dashboard to keep track of payments, transaction history, limitations, and other information.
  • No credit check required. Credit limit based on your bank account. 
  • No processing fees or cancellation fees. 
  • No fees for pre-closure. 

4. LazyPay

LazyPay is more popular among shoppers as it allows users to pay at merchant locations using UPI.

  • Shop online and offline using the mobile app
  • Repay in 15 days or choose EMIs of 3, 6, 9, or 12 months
  • Some of the popular merchants accepting LazyPay are Zomato, Tata Sky, MakeMyTrip, Dunzo, GoIBIBO, BB Instant, and more
  • Can be gotten for minimal documentation of just PAN and Aadhaar details
  • No interest charges or hidden fees when you make payment on time. 

5. ZIP by Mobikwik - 

The BNPL service offered by Mobikwik is called ‘ZIP’. It is available through the Mobikwik mobile app. Here are its salient features –

  • Get instant credit limits of up to Rs. 30,000
  • Processing with just your basic details; no lengthy documentations
  • Enjoy interest free credit when you repay before due date
  • Helps improve your credit score when you pay on time regularly

Also Read: Credit Cards Vs Buy Now Pay Later Which Is The Better Option

Eligibility And Documentation Requirements For Buy Now Pay Later Services In Noida

Unlike credit cards or personal loans, Buy Now Pay Later are simpler finance options and don’t require you to submit tons of documentation. Here are the basic eligibility criteria:

  • 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

If you are in the mood to explore, you can check out PayDay Loans on CreditMantri

Buy Now Pay Later Noida – FAQs

1. Does BNPL affect my credit score?

BNPL is a great way to improve your credit score. If you default or make late payments, it does affect your credit score.

2. Do I need to do KYC to use Lazypay buy now pay late option?

All BNPL schemes require you to do full KYC before you can start using the credit limit.

3. Can I get a buy now pay later loan with a credit score of 550?

Though credit score is also an important parameter to determine your eligibility, a credit score of 550 makes it difficult to get a credit limit on BNPL. Even if you get one, it would be pretty low.

4. What happens if you don’t pay back your balance due on the due date?

You will be charged a late payment fee of Rs.250 + taxes for every instance of missed payment.

5. What is the average interest rate offered on the Buy Now Pay Later scheme?

BNPL schemes usually offer you a 30-day interest free repayment period. You can opt for a 3, 6, 9 or 12 month EMIs for nominal interest rates of up to 24% per annum.

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