Want to pay later? Choose from these new age cards
Many of us face cash crunch at some point or the other and depend on high-interest lenders, friends, family members and sometimes FDs and others to solve this short-term liquidity crisis. Savings also break. However, there are several Buy Now Pay Later (BNPL) products available in the market today that can solve this problem. BNPL products are convenient as people get instant access to credit. The borrower can diligently monitor all the transactions and choose a smart repayment tenure.
Here are some players to help you deal with month-end liquidity issues and manage expenses smartly by offering easy and flexible repayment options.
university
Fintech startup Uni has recently launched its pay later card called Pay Ek Tithi. It is the longest interest free credit term card in the market. The card automatically splits the transaction into 1/3, allowing consumers to pay their monthly expenses in three parts over three months at no extra charge. Or you can pay in advance and get 1% cashback. Pay 1/3 offers a credit limit in the range of Rs 20,000 to Rs 6 lakh. For Pay 1/3 card, one can download the app from Play Store and then sign-up for the card through a quick process. The digital card gets activated instantly, while the physical card is delivered within two to three days.
Straightforward
Simple, founded in 2016, is a short-ticket mobile-first lending platform that offers easy credit at points of sale and eCommerce checkout. With an aim to redefine the trust-based relationship between merchants and customers to avail easily accessible line of credit, Saral offers users a custom credit limit in the range of Rs 2,000 to Rs 20,000. This limit is typically used for e-commerce purchases or retail checkout. Simple prefers to stick to a low ticket size as there are no documents involved. It claims zero time lag for accessing credits.
Piece
Slice is a fintech startup focused on the youth of India, which aims to create a smart, simple and transparent financial platform to reshape the financial experience of Millennials. It challenges the traditional credit card ecosystem by providing simplified credit solutions to consumers. Slice offers Millennials a line of credit ranging from Rs 10,000 to Rs 10 lakh. It has a seamless onboarding process, and the app is designed to be highly interactive, intuitive and related to millennials and Genz – helping them to overcome the complexities of traditional banking. The Slice Super Card also offers rewards of up to 2 percent on every card transaction and can be redeemed in cash instantly. Through the Slice app, one can gain complete control over their card – track their expenses, and schedule repayment and the card can also be used across millions of merchants as it runs on the Visa network. Is.
ola money postpaid
Ola Money Postpaid is a fast and easy digital credit payment system from Ola that allows users to pay for Ola rides and various other online services. The company is said to be trying to do away with wallet recharge as well as wean users away from cash payments. Ola offers this credit facility to its customers at no extra charge and aims to provide hassle free payment options to its customers. It allows its users to submit rides on Ola and then collectively pay the charges for 15 days at a time.
lazy payment
LazyPay is a payment service designed to provide easy payment options for your day to day purchases. LazyPay provides ease of transaction to many merchants. You have the facility to club all LazyPay transactions and make consolidated payments through the LazyPay Dashboard. A consolidated invoice summary is prepared on the 1st and 16th of every month. You can pay the amount by the next due date immediately after the transaction to avoid late penalty charges. Due date is 3 days after challan summary generation.
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