How to take Simple Pay Later Loan? How to apply for Simple Pay Later Loan?

bankofloan December 15, 2022 Adhar Loan, Loan In English, Online Loan, Personal Loan Leave a comment 637 Views

Buy now pay later is very popular these days, there are many applications that give money, which you can pay later without any charges.

So friends, in today’s article, We are going to tell you about the best buy now pay later app, in which you can take money only by entering your mobile number and you can pay later by spending it and without any PAN card and Aadhaar card and you do not have to pay any charges in this. There is no need and at the same time you get to see cashback in it, so let’s start our and your talks in this article.

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What is Simple Pay Later Loan?

Friends, Simple Par Letter is a mobile application which is offered by Simple Technology Pvt Ltd. Here you can see the loan or you can say your credit limit, which is a type of debit credit card that you can use. Do and how to use without interest for 15 days and pay it and can use again.

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Simple Pay Later Benefits?

The working method of Simpl Pay Later is quite simple, you get loan on this from your mobile numbers and you are given loan by looking at your credit score here and you can use it to shop online. You can easily transact on various websites and apps on the app.

All your purchases are rolled into one convenient bill that you can pay in one go.
This bill is generated every 2 weeks on 15th and on 30/31st.
On this you do not need to give OTP again and again under card and net banking.
In this you are like mobile wallet app no need to add money every time.
And in this you can pay for all the coders you order online.
And in this you also get cashback when you pay someone
The probability of payment failure is very less.
You do not need to pay any kind of charges and taxes in this.

What is the late fee charges for Simpl Pay Later?

If you pay on time on Simple Pay Later, then no fee is charged from you.

If you do not pay Simple Pay Later on time, then you will have to pay Late Fees Charges.

How to apply for Simple Pay Later Loan?

How to get credit limit ?

1) Download the Simple Pay Later app from Google Play Store.

2) Open the app and enter your mobile number and verify with OTP.

3) In the next step enter your first name, last name, age, gender and email id.

4) Check mark the box and tap on the Verify KYC button. No Aadhaar/PAN required.

5) Simple will use your credit score from CRIF to verify your eligibility.

6) Once you are eligible, you get instant free credit limit of up to Rs.25000.

7) Simple pay later payment option is available on almost every shopping site.

Example: JioMart, Zomato, MyGlamm, BigBasket, Tata 1mg, Dunzo, BlinkIt, Netmeds, etc.

8) It offers a cycle of 15 days to pay your bills without any interest or hidden charges.

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How to Pay Simpl Pay Later Bill

If you want to pay simple pay letter bill then follow these steps.

First of all, you have to see the amount used on the letter screen on your simple and click on the option of pen now on its side.
Now you will see the option of UPI App Debit Card Credit Card and Net Banking
Now you have to choose the payment option according to your choice.
In this way your payment will be completed through your transaction process if you have funds in your account.

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Eligibility for Simple Pay Later Loan

In this, the age of the applicant should be 21 years to 58 years.
He should be a citizen of India
And his credit score should not be in negative.
Applicant must have a smartphone and internet
Here you have to activate the loan on auto which requires a savings account and internet banking

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Documents for Simple Pay Later Loan

It does not require any ID proof
It does not require any address proof
All you need is a mobile number and smartphone
In this, Aadhaar card and new PAN card are required.

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When to pay the bill in simple pay later

If you are using letter on simple then
You also have to pay for the money you use in this app and for this Simple app gives you 15 to 30 days to pay you.
You get 15 days initially to make the payment and 5 more extra days to make the payment, thus your bill is generated twice a month.

For example, suppose the limit used by you from 1st to 15th, you will have to pay on 20th and the amount used by you between 15th to 30th will have to be paid by 5th of the next month.

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