There are many apps and sites out there that let you shop for products without paying anything immediately. They will pay the ecommerce site app on your behalf. You can pay the app later.
Sometimes this “buy now and pay later” offer is also provided by the ecommerce apps and sites. There are to such examples: Flipkart Pay Later and Amazon Pay Later.
In this list, you will find more information about the above apps and others that offer the same service in India.
But first…
What is Buy Now Pay Later Service?
It is a simple service that lets you buy something online and after sometime. There is usually a time period within which you can pay the amount without any interest.
Some apps also offer to receive the payment in monthly installments.
Best Buy Now Pay Later Apps in India 2021
1. LazyPay
LazyPay is one of the oldest and arguably the best pay later apps available right now in India. With LazyPay you can on 100+ apps and websites including the popular ones like Zomato, Swiggy, BookMyShow, etc.
To use the LazyPay app, you must be 22-55 years old and be a salaried person.
To check your eligibility you will have to upload your id proof, address proof, etc.
How to Use Lazy Pay:
2. Paytm Postpaid
If you are looking for the best buy now and pay later app, Paytm Postpaid may the right choice. With Paytm Postpaid you can get a credit limit of up to ₹1,00,000.
Spend the money this month however you want and pay the amount back the next month.
Paytm postpaid is a great choice because of how widely it is accepted. And the fact that you probably already have a Paytm account.
All you have to do to get started with Paytm Postpaid is get your credit score checked and based on the credit score a spend limit will be applied.
How to Use Paytm Postpaid to Pay Later:
3. Amazon Pay Later
With Amazon Pay Later you can get instantly get credit and pay for shopping on Amazon app or website.
With Amazon Pay Later you can pay for purchases up to ₹60k but it depends on your credit limit and EMI tenure.
| Tenure | Min amount | Max amount | |
| 1 month | 0 | 10k | Buy Now, Pay Next Month |
| 3 month | 3k | 30k | Buy Now, Pay in EMIs |
| 6 month | 6k | 60k | Buy Now, Pay in EMIs |
| 9 month | 9k | Buy Now, Pay in EMIs | |
| 12 month | 9k | Buy Now, Pay in EMIs |
But unfortunately not everyone can apply for Amazon Pay Later, it is only available for select users.
To check whether you are eligible for this feature follow these steps:
- Open the Amazon app and search “Pay later”.
- Select the first result.
- Tap check credit score.
- Enter the details.
- If you are eligible, you will get an email.
4. Simpl- Shop Online, Pay Later
Simpl is one of the most popular Pay Later apps in India. Mainly due to the abundance of discount and cashbaclk offers that it provides on platforms like Zomato, Swiggy, RailYatri and more.
Simpl is a great app even for students as well.
You can purchase whatever you want and make the payment through Simpl app.
You can settle payment every 15 days.
5. Flipkart Pay Later
Flipkart Pay Later is a feature that enhances your shopping experience. You can purchase anything from the ecommerce site and pay till the 10th of next month without any extra charges.
You can buy multiple items at the same time and pay the bill later.
To apply for Flipkart Pay Later you will have to submit your PAN card and Aadhaar card details.
6. Zest Money
The Zest app lets you shop across 3000+ online and offline stores. You can buy home appliances, laptops, mobile phones, fashion, furniture, etc. and pay the amount later in easy EMIs.
ZestMoney app supports no cost EMI on most of the purchases.
The best part about this app is that No credit card or credit score required.
You can use your ZestMoney credit limit at Amazon, Flipkart, Myntra, MakeMyTrip, Yatra, Hidesign, Croma, Crossword, Big Bazaar, Home Centre, Lifestyle, Pantaloons, William Penn, Allen Solly, Fabindia, Levis, Pavers England, Peter England, Van Heusen and Raymonds at Mall of India.
7. ePayLater
ePayLater app is geared towards that “Travelers”. You can use the app to purchase flight tickets, train tickets, cinema tickets and more.
You can get an instant credit limit of up to ₹20000.
8. Slice
Slice or as they like to call it-“India’s best credit card challenger”. The reason for that is because the Slice app offers a digital Visa credit card that you can use to shop wherever you want.
No cost EMIs: Buy products with up to 6 months no-cost EMIs on top brands like Amazon, Flipkart, Myntra, Jabong, Bigbasket, Yatra, Pepperfry, Uber, MakeMyTrip, Cleartrip, BookMyShow, Zivame, The Man Company and Nykaa.
You can pay your bill the next month for free. Or you can also pay the amount back by converting it into EMI.
You must be 18 or above and an Indian resident to use the app.
9. PayLater by ICICI Bank
With ICICI PayLater you can get credit for 45 days on 0% interest. You can use the credit to pay bills shop online, transfer money via UPI and more.
Th PayLater feature is avilable for ICICI customers on Internet Banking, iMobile app and Pockets.
Conclusion
Buy Now and Pay Later are a great option if you need to buy something now and don’t have the money for it.
But you shouldn’t make this a habit.
Because these apps will also start adding interest as soon as you miss the no cost payment date.
In the end, these are great apps, but use them sparingly.
And if you know any other app or website that provide similar services, comment below.
