BUY NOW PAY LATER (BNPL)

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, Tata Neu and Axio Platform with flexible tenor.

Features and Benefits
  • Short Term Instant Credit.
  • Purpose of the loan is to make payments on the Amazon, Axio Application and Tata Neu Application.
  • Sanction within 5 Seconds.
Charges and Loan Details
  • Loan AmountMaximum  : Up to Rs. 1,00,000
    (Rs. 60,000 for all new customers and Rs. 1,00,000 only for existing customers with full-KYC)
    Loan TenorMaximum  : 24 Months
    SecurityNIL
    Repayment FrequencyMonthly
    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.in, Axio Application and Tata Neu Application.Digital Lending App (DLA)
    Amazon Finance India Private Limited, Razorpay Software Private Limited, Tata Digital Private LimitedLending Service Provider (LSP)
    CapFloat Financial Services Private Limited (axio)Co-lender
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I am Kaaru