What Is Buy Now, Pay Later (BNPL)?
Buy Now, Pay Later (BNPL) is a short-term financing option that allows consumers to make purchases today and pay for them in future installments. BNPL is widely used for online shopping, gadgets, lifestyle goods, travel, and education.
With Vizzve-supported BNPL options, customers can split their payments into 3–12 EMIs, often with zero or low interest.
Key Features of BNPL with Vizzve
| Feature | Details |
|---|---|
| Loan Amount | ₹1,000 to ₹50,000 |
| Interest Rate | 0% to 24% (varies by merchant/lender) |
| Tenure | 15 days to 12 months |
| Approval Time | Instant, at checkout or pre-approved |
| Credit Score Required | Not always needed |
Benefits of BNPL
😀 Instant access to products
💼 No need for a credit card
🪝 Flexible repayment
❌ Often zero processing fees
🌎 Great for online shoppers and students
Risks of BNPL
⏳ Penalties for delayed payment
📉 Can affect your credit score
🚫 Easy to overspend
🔒 Data misuse by fake apps
BNPL vs Credit Card EMI
| Criteria | BNPL | Credit Card EMI |
| Interest Rate | Often 0% for 3–6 months | 12% to 24% p.a. |
| Eligibility | May not require CIBIL | Based on credit score |
| Processing Time | Instant at checkout | 1–2 working days |
| Repayment | Auto-deduct or manual | Billed with card statement |
Who Should Use BNPL?
Students or freshers with limited credit history
Online shoppers looking for budget flexibility
Users who can repay EMIs on time
Vizzve’s Safe BNPL Platform
✅ RBI-verified lenders
✅ Transparent terms, no hidden charges
✅ Credit score reporting
✅ Full support till final EMI
Call to Action:
Want to Shop Smart? Try BNPL with Vizzve—zero-cost EMI options, trusted partners, and instant approval. 🔗 Apply Now or check eligibility in just 2 minutes!
FAQs
Q1. Can I use BNPL if I have a low credit score?
🔹 Yes, some BNPL options don't require a CIBIL score.
Q2. Will BNPL affect my credit history?
🔹 Yes, both positive and negative repayment behavior is reported.
Q3. Is BNPL interest-free?
🔹 Many BNPL products come with 0% interest for short tenures.
Q4. How do I repay a BNPL loan?
🔹 Through auto-deduction from your account or UPI on due dates.
Published on : 22nd July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed