13 Best Buy Now Pay Later Apps in India [2023]

Buy Now, Pay Later Apps allow you to make purchases today and pay it off in installments over a period of time. Over the past few months, “Buy Now Pay Later” seems to get a lot of interest among the common folk. Maybe it’s due of the convenience they get while using BNPL as compared to credit cards. 

Alongwith, things like immediate approval, ease of use, low fees and often interest-free rates has made it a desirable choice. Despite the fact that “Buy Now Pay Later Apps” are all good but they aren’t created equally, so, we have compiled a list of our best 13 apps to make it easy for our readers to select the best among them.

What Is Buy Now Pay Later Apps? How Do they Work?

Buy Now Pay Later (BNPL) is a financing choice that provides eligible shoppers with an immediate credit limit depending on their bank account and previous purchases. The credit score is considered for credit, but a lot of other factors are also taken into account. Due to this, customers with lower credit limits can also profit from this scheme. The credit limit that can be used to make purchases on the e-commerce website and in retail stores. Typically, this money is returned within 30 days interest-free. Additionally, users can repay it in three, six, nine, or twelve simple EMIs at a low interest rate.

Pros & Cons of Buy Now Pay Later Apps

Pros of Buy Now Pay Later Apps

• You don’t need a credit history.
• can help you in building CIBIL score.
• Zero Forex Markup Fee
• EMIs are free for three months, and there are no processing fees.

Cons of Buy Now Pay Later Apps

• As compared to other entry-level cards, the reward rate is low. 
• Several Slice app permissions can prove problematic for some users. Example: SMS, camera, location, contacts, etc.
• Getting intimate with customer support and closing a card can be hard.

13 Best Buy Now Pay Later Apps in India

ZestMoney

Zest Money is a Buy Now Pay Later app that offers 0% interest on repaid purchases. It has partnered with numerous online and physical stores to make your life easy. 

With Zest Money, you can purchase and repay within 30 days at zero interest. Also, it allows automatic EMI repayments as per your convenience, for up to 12 months. You only need to upload KYC documents and set up automatic payments through your bank.

On successful repayment of instalments, the app also provides cashback.

Money Tap

Money Tap is one of the first emerging buy now pay later apps that allows flexible borrowing of funds for all of your purchases. 

Along with that, it has a credit feature that lets you to borrow up to Rs. 5 lakhs online and play them later via easy EMI transactions. 

With Money Tap, you can borrow money for a list of different things, like medical loans, education loans, home renovation loans, and even for recreational purposes like travel loans, two-wheeler loans, and a variety of other things.

Jupiter Edge Pay Later App

Jupiter Edge (earlier Bullet) is a similar app like LazyPay that allows users to shop with UPI and pay later. It can help you pay all online or merchants that accept UPI payments offline. It has a minimal and user-friendly interface that makes payments a breeze anywhere.

The facility to pay gas, electricity and water bills is also available. It sends the collected bill for your payments twice a month. You can pay it in five days without any interest or additional charge.

CashE

CashE is one of the simplest Buy Now Pay Later lending options on the market. A fantastic credit limit is obtained by completing a simple two-step account activation process. Simply enter your basic information and your credit limit will be shown immediately on your CashE app. Check out CashE BNPL below:

• Connect your Simple app to 1000s of local stores and start shopping.
• Get a loan up to Rs. 4 lakh to go for shopping.
• You can do all of your online purchases with a single tap.
• Repay easily in two billing cycles per month. Alternately, select EMIs ranging from 3 months to 1.5 years.
• In this process, there are no hidden fees or charges.

Amazon Pay Later

Amazon is the best e-commerce, luring the majority of customers in the incredible stuff and with great offers. Furthermore, now a feature of pay later has popped up as well. About Amazon Pay Later, there are a few things one should know about:

• EMI payments are simple and hassle-free on all eligible Amazon App and Amazon browser purchases.
• Repay in convenient 3-12 month EMIs.
• To keep track of payments, transaction history, limitations, and more information, handle your account through a separate dashboard.
• There are no cancellation or processing fees.
• There are no pre-closure fees.
• There is no requirement for a credit check. Your bank account determines your credit limit.

Flipkart Pay Later

Flipkart Pay Later is a popular BNPL app in India. It enables customers to make purchase both online and in stores without making a down payment. They just need to pay for their purchases within the next 30 days. Flipkart Pay Later offer instant credit to loyal app users. There are already millions of participants in this program, and more are being added on a monthly basis.

• Get approved in less than 30 seconds.
• combine many purchases into a single bill.
• There is no interest, when repaid within 35 days.
• Get up to Rs. 1 lakh immediately in credit limits.
• Try Now Buy Later option on some products, where payment is made after receiving and using the product.

Freecharge Pay Later

From DTH recharge, shopping or electricity bill, whatever it may be, Freecharge Pay Later is a life savior. It’s simply like a friend who you can take money from whenever you need. However, this friend requires a repayment option for it to work. Get a full month’s delay in your payments.

• No additional charges.
• Pay with a single tap.
• Secured payments with PIN or OTP.
• Keep a track of your expenses.
• Receive interest free credit immediately.
• Exclusive offers on apps like Myntra, Swiggy, Amazon, Jio Mart, etc., and great cashbacks.

Paytm Postpaid

Paytm Postpaid is offered by Paytm in collaboration with Clix Finance and Aditya Birla Finance Limited. Paytm Postpaid gives you quick credit up to Rs. 60,000 at the comfort of your home. You can make purchases, pay bills, do recharges, book tickets, and so on using the borrowed amount.

• You can complete the onboarding procedure simply by submitting your PAN card number, email ID and a few more necessary details which take 2 minutes.
• For up to 30 days, users can get an interest-free credit.
• You can repay the Paytm Postpaid credit amount in up to 6 easy monthly installments.
• The credit balance must be repaid on or before the 7th of every month.

LazyPay

Lazypay is one of the dominant Buy Now Pay Later in India services that’s been built to provide users with a simple payment service for their daily purchases. 

Just by entering your mobile number you can avail a personalized credit limit in order to confirm your online purchases.

In the app, users can track their expenses, check their dues, explore lazypay on well-known apps and websites and can even grab a short meal on their purchases.

 With lazypay you no longer require to enter multiple OTPs and card details because you can successfully make a transaction in one simple click. Some features of Lazypay are:

• Enjoy upto 15-days interest-free credit to Purchase Now Pay Later.
• Sign up in the LazyPay app to raise the limit upto Rs. 1 lakh.
• You can use your lazypay credit at any store with a quick verification.
• LazyPay is available as payment option on more than 100 merchants!

MobiKwik ZIP

With Mobikwik ZIP buy now pay later app, you may spend up to Rs 30,000 every month at more than 1 lakh brands online and offline. Mobikwik ZIP offers you with everything under one roof, including food, travel, gift cards, bills to shopping.

The platform has offers and deals that come and go nearly every day, enabling you to earn a bonus on timely payments and more. You can also use the platform or other services, such as paying bills, recharge, and transfer to bank.

Some features of Mobikwik are:

• There is no interest charged on any credit payments.
• Minimal documentation is required for set-up
• Credit up to Rs. 30,000 per month
• It helps you increase your credit score through timely repayments.

Postpe

Postpe allows you to shop now and pay next month, for anything from golgappas to mobile phones. For up to 30 days, it offers an interest-free credit. You can convert your bills into low-interest EMIs.

• Postpe provides a credit line between Rs. 1,000 to Rs. 10,00,000 without any collateral at annual interest rates ranging from 15% – 20%.
• Repay your credit in full within five days of bill generation, or convert it into 3 to 6 low-interest EMIs.
• Pay your bill using any UPI app, net banking or a debit card.
• No hidden charges or annual fee are involved.
• Invite your friends and earn up to 5% cash back.

Simpl

Simpl is another buy-now-pay-later app this is connected to more than 5500 stores across India. The app has an extremely user-friendly interface that lets you to pay your stuff online on credit and finally pay the bill on a bi-monthly schedule.

It allows you borrow the money at absolutely no cost only charges a late fee if you do not pay the bill on time.

The application regularly updates your limits, and as punctual you are in paying your bills, the limits are raised accordingly.

Some features of Simpl are:

• It is connected to some of India’s biggest brands, including Jio Mart, Big Basket, and Zomato.
• For credit payments, they do not charge any extra fees.
• Provides a single-tap payment system.
• One of the most reasonably apps to exist.
• Includes utmost transparency for clients.
• Allows you to have proper control over your credit identity.

Slice

One of the best pay later apps for students is Slice. The reason is that Slice works like a miracle for those people who don’t have credit cards.

When you shop from Myntra, Flipkart, and other similar platforms, you get cashback up to 50% with this. This feature is Slice is known as Sparks.

Slice card is another benefit. It helps you with 1-2% cash back option over sparks and helps you in making payments on time. The best part about this is that it’s all free, even on international transactions. 

The catch here is that you shouldn’t go for more than three months for EMIs that will attract 12% to 15% interest.

Things To Know Before Using BNPL Apps

• Have KYC documents ready with you, no app will be accessible without KYC.
• Most of apps require PAN cards as an important document.
• Being an Indian citizen is important.
• Only begin when you know you can pay back on the due date as a delay will charge higher interest.
• The age of the user must be more than 18.
• Some applications only want salaried person or give them preference.

Conclusion

These are India’s best 13 buy now pay later (BNPL) apps. They are convenient and simple to use. But don’t purchase more than you can pay for. Your credit score decided whether you’re eligible for a credit limit or not. Be careful while shopping and avoid fraud.

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