Lazy pay is India’s biggest and popular platform providing the customer with the facility of Pay later. By this, you will check your credit score, financial health, reminders on missed loans, and payment of credit cards. These are some reliable services that an individual can obtain from lazy pay. Those who wish to have growth in the financial aspects can take the service of lean provided by the platform. There are many different accessible options from which you could get the best help.
How Does Lazy Pay Work?
You would have to undergo some of the basic steps when it is about getting a loan from the server. However, you can avail of many different types of loans from the provider, such as medical, personal, business, and others. Here we will discuss the personal loan that a person could get and the things that he needs to do. If you follow the steps mentioned here, you would surely be able to get knowledge of the process.
- Get the application from the internet and sign up on it.
- For checking the eligibility, you must provide the PAN card details to the platform.
- After that, you need to submit all the KYC details to start the increased limit.
- Finally, you would have to complete the automatic bill payment system.
- Once all the steps that are mentioned above are done, then you can start accessing the Lazy Pay services. By single tap, you would be able to make access to a bunch of facilities and services.
What Are The Benefits And Features Provided By Lazypay?
When it comes to making payments, this platform is the best one to use. You can make the payments with ease; they would also be done in the fastest manner possible. Also, it is considered the most reputed website and has provided users with trustworthy payments. PayU India launched this platform. There is a wide range in the amount of loan that you can get from the platform, ranging from Rs.10,000 to Rs. 1,00,000. The amount that you would have to pay as interest also depends upon the amount of loan that you have taken.
The amount you have to pay back to the platform and interest is also for several time ranges. You can repay the tenure according to the choice, as it could be from 3 months to 24 months. The most important thing that you need to pay attention to is your credit score. As the credit score would directly depend upon the records of your borrowing and repayment. Also, the limits of your credits could increase simultaneously if you have a salary of more than Rs.30,000.
Frequently Asked Questions
Does LazyPay affect cibil score?
There is no such adverse effect made on the cibil score of the person. Rather, it helps protect your credit score, and you would be able to use it as armor. It is going to provide you the alerts of the missed payments and other necessary alerts. By that, you can pay the amount on time because if delayed, then the credit score could drop. Also, lazy pay provides the customers with a gift worth Rs.1500 of the credit report because of its partnership with CIBIL.
Is LazyPay RBI approved?
Lazy pay is famous because of the pay later services provided to the customers. When you get yourself attached to the platform, you can access a lot of features and services. But still, when it is about a banking-related matter, people wish to check the company’s approvals. So you would be glad to notice that the RBI approved the company in 2018 to operate through NBFC.
Can I withdraw money from LazyPay?
As we have mentioned above, the amount you can take from the lazy pay as loan varies between Rs.10,000 and Rs.1,00,000. So there needs to be a minimum amount that you can withdraw, and that is Rs.10,000. The platform limits every individual, and when it is about the withdrawal, you will get the amount within your limits. Those who wish to check the limit can take the help of the mobile application that is provided.
What is the LazyPay limit?
The limit provided by the platform to the users is unique and much efficient to fulfill the basic needs. If you wish to purchase anything from the online platform, hundreds of websites provide lazy pay as a payment option. You can get an instant loan to your bank account and afterward pay it through EMI’s. So, you can get a maximum of Rs.1,00,000 from lazy pay as a loan.
How do I increase my pay later limit?
If you feel that the limit of the pay later acquired by you is very less, then you can use the website again. You have to fill in the details again on the website, and there you would provide your name, PAN details, and other essentials like an address. Seeing the difference in your usage and good records, and an enhanced salary would help you increase the pay later limit.
What happens if I don’t pay back LazyPay?
You have to face the major thing if you don’t pay back Lazy pay is to pay the late fee. If you cannot deposit the Emi or have deposited the amount without the interest value, then there would be charges applied. Mostly daily, there is RS.10 added as the late fee for each day of the late. And if still, you are not paying the amount, it could be more than 30% of the total loan taken.
Is Lazy pay is safe?
This platform is supposed to be the most accessible and trustworthy platform for accessing loan services. You don’t have to worry about the website’s functioning as they are well-reputed in the market. You are also going to see a great amount range to which you can take a loan.