How To Make The Best Use Of Paytm’s Buy Now, Pay Later Feature?

Use Of Paytm’s Buy Now, Pay Later Feature

Paytm is a brand that always comes up with creative ideas and facilities to let a user transact safely, instantly & burden-free. Earlier, it was the Paytm vaccine finder, donation feature, etc, and now it is BNPL- Buy Now, Pay later.

BNPL is also known as Paytm’s Buy Now, Pay Later or Shop Now, Pay Later. It is a facility that allows a user to get an instant credit of up to Rs. 60,000. Besides, there is no interest charged on the borrowed amount for 30 days. Also, users have the flexibility to break down the borrowed amount into easy EMIs.

When the above-mentioned points are some of the advantages of Paytm Buy Now, Pay Later, it is important to understand how to use it or better say, how to judiciously use it. In this blog, we will provide you with an understanding of how to make the best of the BNPL facility easily & effectively.

How to make the best use of BNPL?

Anything managed responsibly and judiciously always offers the best results in the end. To use BNPL or Paytm Shop Now, Pay Later facility, it is mandatory to follow a few things written below-

  • Use BNPL in case you want to make an over-the-budget purchase. This way, you won’t be spending an enormous amount of money on a single purchase and still be left with some money
  • Paytm’s BNPL can be used to get instant credit amount of up to Rs. 60,000
  • Users can opt for BNPL and pay a small amount of EMIs in a stipulated time period
  • Paytm Now, Pay Later offers users the flexibility to break down the borrowed amount into monthly EMI ( approx for 6 months)
  • Users are given the benefits of instant credit
  • No interest is charged on the borrowed amount for 30 days
  • BNPL can be used to make bill payments, recharge mobile phones, and more
  • Get the Paytm BNPL facility to make an impact on your credit score

What are the benefits of the Paytm Buy Now, Pay Later facility?

Listed below are the top advantages of the Buy Now, Pay Later feature

  • Users can avail credit to the amount of Rs. 60,000
  • No interest is charged for 30 days
  • Users are given the flexibility to convert the borrowed amount into 12 easy monthly instalments
  • The borrowed amount can be used to buy groceries, pay bills, recharge mobile phones and more
  • No lengthy documentation is required to activate the feature called Buy Now, Pay Later
  • No hidden charges are charged by the Paytm

How to Activate Paytm Buy Now, Pay Later or Shop Now, Pay Later?

Following are the few steps are required to activate Buy Now, Pay Later/BNPL/ Shop Now, Pay Later-

  • Login to the Paytm application and enter your passcode or use the fingerprint sensor
  • Click on the menu bar given on the right-left corner of the app screen
  • Click on ‘Paytm Postpaid’ and next on ‘Proceed’
  • Enter the required information like PAN name, contact details, DOB, registered bank, etc.
  • Enter the registered mobile number to receive the OTP
  • Upon entering the OTP, the Buy Now, Pay Later feature will either be activated instantly or be put a user request on the waiting list

Conclusion

A credit facility from Paytm’s BNPL can help a lot of users complete the transactions without spending a lot of money at one go. Install the Paytm application today and experience the ease of making transactions efficiently.

FAQs
How much credit will I be getting from Paytm Shop Now, Pay Later?
An amount of up to Rs. 60,000 is provided to the user through Paytm Shop Now, Pay Later facility.
What is the maximum time period to divide the Paytm Buy Now, Pay Later facility EMI?
The Paytm Buy Now, Pay Later facility EMIs can be divided into 6 months.
Who can use Paytm Buy Now, Pay Later facility?
A full KYC-ed Paytm user can use Paytm Buy Now, Pay Later facility or the one who would want to take credit to complete a number of transactions.
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