Simpl Pay Later is an online shopping-based payment app. You can use buy now pay later features through Simpl Pay Later. More than 23,000+ merchants are connected with Simpl Pay Later.
You can get up to Rs. 25,000 instant credit line. Use this credit line to pay bills, do online shopping & more. Pay your spending money after 15 days or convert it to EMI.
Simpl Pay Later Quick Recap
| Credit Limit | Up To 25,000 |
| Joining Fee | Zero |
| Billing Cycle | 15th of Every Month |
| Age Required | 18 – 60 year |
| Income Required | NIL |
| Late Fee | Applicable |
| Eligible For | Self-Employed / Salaried Person / Student |
Benefits of Simpl Pay Later Loan
Fast Approval: You will get the fast loan approval within 30 minutes. The process is online.
Interest-Free: The approval credit limit is interest-free for up to 15 days every month. Pay your spending amount after 15 days to avoid late charges.
No Income Required: You can get the credit limit without income proof.
Minimum Documents: The minimum documents will require applying for Simpl Pay Later. Your basic KYC documents will need.
Digital Process: The process is 100% digital. You can apply anywhere.
Exciting Offers: Simpl Pay Later provides different offers & cashback. You will get exciting offers by using this pay-later feature.
Hassle-Free Payment: This hassle-free payment application. Pay on different merchants through one click.
Convert to EMI: You can convert your spending credit limit to 3 EMI.
Also Read: Flipkart Pay Later EMI
Simpl Pay Later Eligibility Criteria
Just fulfill the basic criteria to apply for Simpl Pay Later Loan:
- Indian Citizenship
- The applicant’s age should be 18 years or above
- Aadhaar-linked mobile number
Documents Required for Simpl Pay Later
- Aadhaar Card
- Pan Card
- Active Bank Account
Simpl Pay Later Interest Rate
| Interest Rate | NIL |
| Billing Cycle | 15th of Every Month |
| Convert to EMI | Pay –in- 3 EMI |
Simpl Pay Later Charges
If you cannot pay spending money, you have to pay extra charges. Check the below list to know more:
| Amount | Charges |
| Billing Amount (0 > to <=500) | Rs 25 Charges |
| Billing Amount (500 > to <=1000) | Rs 50 Charges |
| Billing Amount (1000 > to <=2500) | Rs 100 Charges |
| Billing Amount (2500 > to <=7500) | Rs 250 Charges |
| Billing Amount (more than 7500) | Rs 600 Charges |
How to Apply for Simpl Pay Later Loan
Step 1: Click on the “Simpl Pay Later” button.
Step 2: Enter your mobile number & verify through OTP.
Step 3: Fill in the basic details
Step 4: Upload Pan Card & Aadhaar Card
Step 5: Get your eligibility credit limit.
Now you can use credit limits for your needs.
Also Read: Paytm Postpaid Loan
Simpl Pay Later Customer Care
Contact Simpl Pay Later customer care in a different way. Customer care connects you as quickly as possible.
Chat with us: You can contact customer care through “Chat with us” from simpl Pay Later App or Website.
Email ID: [email protected].
FAQs on Simpl Pay Later
Is Simpl Pay Later safe to use?
Simpl Pay Later is a trusted application. This is secure for making payments & this app is connected with 23,000+ merchants.
Is Simpl Pay Later charge a late payment fee?
Simpl Pay Later charges a late fee which is not higher than Rs. 600. To avoid late payment charges, make payment earlier.
Is Simpl Pay Later interest-free?
You can make payments through 3 interest-free EMI.
Can I transfer money from Simpl Pay Later to my bank account?
You can transfer money from your pay later wallet to your bank account using the Paytm rent payment or FasTag option.
Can I increase the pay later credit limit?
If you are a trustworthy customer & pay the credit limit amount on time, a lender will increase your credit limit.