Instant Loan App

  Don't Have Money Now? Just Pay Later with ePayLater One trend that is picking up the pace like anything in India is, buy now, pay later (BNPL). This option has emerged as a great alternative to credit cards as it enables people to make a purchase without having to pay at that moment. A type of short-term financing, this alternative helps people to borrow money for their purchases and pay it later in instalments within a stipulated time frame. If you are someone who frequently shops online, you might have noticed the option of ‘buy now, pay later’ on the payment page of several e-commerce portals. Today, in the market, there are several options available that allow people to borrow money for the short term and repay as per the defined time frame. This has not only increased the purchasing power of people but also eradicated the need for having credit cards, especially for those who are too reluctant to have one. Owing to its simplicity, transparency, and no-cost EMI option

  What Is Buy Now, Pay Later, and How Does It Work? If you are someone who has been shopping online, you must have seen the option of buy now, pay later (BNPL) in the check-out step of many e-commerce apps, such as food delivery, travel booking, lifestyle, pharmacy, and grocery. The post highlights details about this concept. So, without any ado, let’s see what is buy now, pay later and its process. What is Buy Now, Pay Later? As it is evident from the name itself, customers, with the ‘ buy now pay later ’ option, can make a purchase without having to pay at that moment. It is a kind of small-ticket loan that acts as a short-term financing option through which customers can purchase products and then repay within a stipulated time frame. In general, customers use this option to either make payment in a lump sum for their purchases or through no-cost EMIs. This feature encourages buyers to purchase items and pay for them over time which increases their purchasing power and m