BUY NOW PAY LATER (AMAZON)

Amazon Buy Now Pay Later is an option provided to customers for hassle-free way to get instant credit through a completely digital process to meet the need of making payment on Amazon Platform with flexible tenor.

Features and Benefits
  • Short Term Instant Credit.
  • Purpose of the loan is to make payments on the Amazon Platform.
  • Sanction within 5 Seconds.
Charges and Loan Details
  • Loan AmountMinimum  : Rs. 1K
    Maximum : Rs. 60 K
    Loan TenorMinimum  : 30 Days
    Maximum : 12 Months
    Rate of InterestUpto 24%
    SecurityNIL
    Repayment FrequencyMonthly
    Other Up-front ChargesNIL
    Late fee chargesMonthly Due Amount if:

    < ₹200, then ₹0
    > ₹200 & <= ₹1000 then ₹118
    > ₹1000 & <= ₹5000 then ₹236
    > ₹5000 & <= ₹20000 then ₹413
    > ₹20000 then ₹590
    Cooling-off Period30 Days
Partners
  • Name of the entityCategory
    Amazon.inDigital Lending App (DLA)
    Amazon Finance India Private LimitedLending Service Provider (LSP)
    CapFloat Financial Services Private Limited (axio)Co-lender
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