Buy Now Pay Later in Pune

Buy Now Pay Later In Pune – Find Top 5 Lenders In Pune Offering Buy Now Pay Later In Pune

Buy Now Pay Later in Pune has given consumers an additional source of credit to shop online and offline, without a credit card.

Buy Now Pay Later(BNPL)- This financing option offers an instant credit limit to eligible shoppers based on their bank balance and purchase pattern.  Your credit score is not given priority and hence users with lower credit limit can also avail financing under this scheme. The 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.

Buy Now Pay Later can offer an additional line of credit to shoppers. This credit limit can be utilized on both online and offline shops, benefitting both the shoppers and merchants.

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.

• The application procedure is simple and quick, taking less than 10 minutes to complete.
• Get credit limits of up to Rs.4 lakhs and shop on a variety of platforms.
• 30-days interest free credit.
• Can provide an additional credit line in addition to your credit card. As a result, consumers have more purchasing power.
• When BNPL consumers make purchases on e-commerce sites, they receive additional benefits and savings.
• Can be used as an UPI payment method at merchant locations for ‘San & Pay’ options.
• Consumers are also offered unique 'No Cost EMI' packages on festival days and during special sale seasons.
• Account management, purchases, and repayments may all be done totally online.

Why Should You Opt for Buy Now Pay Later in Pune?

Pune is nothing short of a cosmopolitan city. With numerous industries and companies setting base here, it is seeing an amalgamation of culture and outlook contributed by people from all over the country. One is able to find every goods and services across price range in this city. From the humblest to the affluent, there is something for everyone. Be it ecommerce or retail businesses, both are 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 the residents of Pune the real power of choice!

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Where & How To Apply For Buy Now Pay Later In Pune?

There are a number of Buy Now Pay Later service providers in Pune and users can conveniently register for them online or through smartphone apps. 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. The credit limit may not be as high as credit card where users can get up to 5 times their gross monthly salary.

Since 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.

• 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.

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List Of Top 5 BNPL Providers In Pune

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 Pune

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

Check Your Eligibility For BNPL Today On Creditmantri

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