Enjoy your shopping journey with Buy Now Pay Later (BNPL) service. Use pay later for shopping and pay the money after 30 days. This is the same as a credit card. But pay later is much easier to get the approval.
Check out the 3 best pay later for shopping in India. These applications will fulfill your shopping craze.
The 3 Best Pay Later for Shopping in India
1. Flipkart Pay Later
Flipkart offers huge discounts 5 to 6 times a year. Take the shopping experience with the Flipkart Pay Later service. Get up to Rs. 1 Lakh credit limit with flexible EMI tenure. You can get this pay later service without income proof. Also, You can take the benefits of a Flipkart personal loan.
| Credit Limit | Up to Rs. 1 Lakh |
| Interest rate | 18% to 22% p.a. |
| Interest Free | Up To 30 days |
| CIBIL Required | 720+ |
| Flexible Tenure | Up To 12 months |
| Income Proof | Not Required |
| Processing Fees | Zero |
| Available For | Self-employed/ Salaried Person/ Student/ Housewife |
2. Amazon Pay Later
Amazon also offers pay later features. Users can get up to Rs. 60,000 through Amazon Pay Later. The process is much more simple & get this without income proof. The interest rate is NIL. You don’t have to provide an interest rate of up to 30 days. Also, you can convert the shopping amount to EMI.
| Credit Limit | Up to Rs. 60,000 |
| Interest rate | 16% to 22% p.a. |
| Interest Free | Up To 30 days |
| CIBIL Required | 720+ |
| Flexible Tenure | Up To 12 months |
| Income Proof | Not Required |
| Processing Fees | Zero |
| Available For | Self-employed/ Salaried Person/ Student/ Housewife |
Also Read: How to get business loan up to 30 lakhs?
3. ZestMoney Pay Later
The instant shopping loan is available through ZestMoney Pay Later. Take up to Rs. 2 lakh loan with zero interest rate. Also, you can use a pay later service online & offline stores. Convert your credit limit to monthly EMI.
| Credit Limit | Up to Rs. 2 Lakh |
| Interest rate | 0% to 21% p.a. |
| Interest Free | Up To 90 days |
| CIBIL Required | 735+ |
| Flexible Tenure | 3 months to 12 months |
| Income Proof | Not Required |
| Processing Fees | Zero |
| Available For | Self-employed/ Salaried Person/ Student/ Housewife |
Eligibility Criteria for Pay Later Loan
- Users should be Indian Residential
- Your minimum age of 18 years required
- Credit Score must be 730+
- Bank Account should be active
- The phone number should be Aadhaar Linked
Documents Required
Your basic documents are enough to apply for a pay later loan. We provide the documents listed below.
- Identity Proof (Aadhaar Card/ Pan Card/ Voter Card/ Passport)
- Address Proof (Aadhaar Card / Voter Card / Passport)
- Bank Account
- Selfie Picture
FAQs on Pay Later for Shopping
Can I transfer the pay later loan to the Bank account?
Some lenders give you the benefits of a loan transfer facility. But you have to pay some fees. Paytm pay later is one of them.
Is pay later loan interest-free?
Most of the lenders offer up to 30 days interest-free. After 30 days you have to pay interest or convert to monthly EMI.
What is the interest rate of a Pay Later loan?
The yearly interest rate is 16% to 22% p.a.
Can I apply for a pay later loan without income proof?
Yes, a Pay Later loan is available without income proof. A good credit score will be required to apply for a pay later loan.