Users may shop and pay later using the buy now, pay later apps. They are the same as credit cards, only they are not necessary.
As the title suggests, these applications let users purchase products and services from shops and pay for them later. It often offers zero interest free pay later service.
Let’s take a look at the 7 Best Pay Later Apps for Students.
The 7 Best Pay Later Apps for Students
1. Flipkart Pay Later
Trusted consumers are introduced to Flipkart’s payment plan after the fact. It’s the same of a “buy now, pay later” service. You may use your credit limit to make purchases and then pay for them later in the month. Flipkart is providing a credit line of up to Rs. 10,000.
| Interest-Free | up to 30 days |
| Loan Amount | Up to Rs. 10,000/- |
| Approval Process | Online |
| Eligibility Age | 18 years or above |
| Processing Fees | NIL |
| Who Can Apply | Self-Employed/ Salaried Person/ Student/HouseWife |
2. Amazon Pay Later
When making an Amazon purchase on EMI, Amazon Pay Later is a fast and easy method to be approved for credit. Amazon Pay Later is a service provided in conjunction with IDFC First Bank. A personal loan of up to 60,000 may be approved instantly if you have an Amazon account.
| Interest-Free | For 30 days |
| Loan Amount | Up to Rs. 60,000/- |
| Approval Process | Online |
| Loan Tenure | From 30 days to 12 months |
| Eligibility Age | Should be 23 years or above |
| Processing Fees | NIL |
| Who Can Apply | Self-Employed/ Salaried Person/ Student/HouseWife |
3. Freecharge Pay Later
Some registered users of Freecharge may avail themselves of a monthly credit facility of up to Rs. 5,000. Simply click on Freecharge or one of its merchants/partners to pay and get up to 30 days of interest-free financing. This loan option is made available by Axis Bank, a Freecharge partner lender.
| Interest-Free | Up to 30 days |
| Loan Amount | Up to Rs. 5,000/- |
| Approval Process | Online |
| Loan Tenure | 30 days |
| Eligibility Age | 18 years or above |
| Processing Fees | NIL |
| Eligible for | Self-Employed/ Salaried Person/ Student/HouseWife |
4. Dhani One Freedom Card
In only a few minutes, you may get a smart and secure digital card with the Indiabulls Dhani Credit Card and set up your credit limit using the Dhani App.
This card may be used like a debit or credit card for all of your online shopping needs, and the money you spend can be paid back in simple, customizable EMIs.
| Basic Components | Card Details |
| Credit Limit | Up to 5 lakh |
| Activation Fees | Rs. 500 |
| Annual Fees | Rs. 500 |
| Approval Process | Online |
| Rewards Points | 2% Cash Back points |
| Interest-Free | Up to 90 days |
| Eligible For | Self Employed/ Salaried/ Student/ Housewife |
5. One Card
This is one more another kind of app-enabled credit card. The actual credit card that makes up One Card. Get this card even if your credit is poor. Additionally, there are no setup or yearly fees associated with this card.
Get 5 times the points on your top two spending categories.
Allow me to illustrate with an example: let’s say you dropped Rs. 1000 for gas, Rs. If I understand correctly, gas and movies are your two biggest expense buckets. That’s like getting a lifelong discount of 5 percent on gas and movies.
| Basic Components | Card Details |
| One Credit Card | Metal Credit Card |
| Joining Fees | NIL |
| Annual Fees | NIL |
| Approval Process | Online |
| Rewards | 5X Rewards Points |
| Interest-Free | Up to 48 days |
| Eligible For | Self Employed/ Salaried/ Student/ Housewife |
6. Mobikwik Zip Pay Later
Over a million merchants participate in the Mobikwik ZIP buy now, pay later program, and the app allows users to make purchases with a monthly maximum of Rs. 30,000. If you’re looking for a convenient way to pay for everyday expenses like food, travel, gifts, and rent, go no further than Mobikwik ZIP.
| Interest rate | 0% |
| Credit Limit | Up to Rs. 30,000/- |
| Approval Process | Online |
| Loan Tenure | 15 days |
| Eligibility Age | 18 years or above |
| Processing Fees | NIL |
| Eligible for | Self-Employed / Salaried Person / Student / HouseWife |
7. Postpe Card
PostPe, which is operated by BharatPe, allows you to make purchases and pay for them at a later date.
The service is accessible through the iOS and Android app PostPe. It’s simple to fill out an application, and the layout is uncomplicated. When making purchases online, you may apply for a virtual credit card with a maximum limit of Rs.10 lakh. A user’s financial transactions may also be reviewed inside the app.
| Interest rate | 0% |
| Credit Limit | Up to Rs. 15 lakh |
| EMI Facility | Available |
| Approval Process | Online |
| Interest-Free | 30 days |
| Eligibility Age | 18 years or above |
| Processing Fees | NIL |
| Eligible for | Self-Employed / Salaried Person / Student / HouseWife |
Here are the top 7 apps that let you pay later, perfect for students. They’re helpful and easy for anybody to implement. However, do not spend more money than you have. Maintaining a good credit score requires prompt EMI payments. Whether or whether you were granted a credit limit was dependent on your credit rating.
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