LazyPay Blogs

  Celebrating your birthday is always a special occasion; you deserve to look your best on this day. Finding the perfect dress is undoubtedly a big part, but it can be challenging to shell out the money all at once. That's where Pay Later comes in! With Pay Later, you can get the dress of your dreams without worrying about the upfront payment. Pay Later: What is it? Pay Later is a payment option that allows you to pay for your purchase later. It's a convenient payment option that allows you to shop now and pay later, making it an ideal solution for those who don't have the funds available immediately. This option is available on many products, including clothing, accessories, and food. You can use Pay Later for all purchases, so it's a great way to get what you need without worrying about the price tag. Finding the Perfect Birthday Dress Your birthday is special, so you want to look your best. Finding the perfect dress can be daunting, but it doesn't have to be. Wit...

  The traditional way of shopping involves either paying the full amount upfront in cash or a credit card. But with the rise of Buy Now, Pay Later (BNPL) services, young consumers in India have a new option when it comes to financing their purchases. In this blog, we'll explore how BNPL services are revolutionizing the way young consumers shop in India. How does BNPL work? BNPL services work by partnering with retailers and e-commerce platforms to offer their payment options at the checkout. The customer selects the BNPL option and fills out a short application form with their personal and financial details. The BNPL provider then conducts a quick credit check to assess the customer's creditworthiness. If the customer is approved, they can proceed with the purchase and pay for it in instalments. The customer can usually choose the number of instalments and the frequency of payments. The BNPL provider charges interest on the outstanding balance, which varies depending on the pr...

  Everyone faces a hard financial time in their lives when they have to look for financial aid to cover their expenses. But borrowing money from friends or relatives is not an option when you prefer privacy in your financial matters. And in such situations, you can get formal financial aid in the form of a personal loan or add-on loans on your existing loan plan.   But many people find it confusing to choose between add-ons and personal loans . So here we will try to figure out which one you should choose for quick cash.   What is a top-up loan? A top-up loan is an add-on loan on your existing loan plan. Banks and NBFCs provide top-up loans for their few and selective customers.  They provide this facility to the customers after successfully completing a specific loan tenure. In addition, add-on loans are easy to access and require minimal documentation, making them appealing to a borrower who wants immediate financial aid.   What is a personal ...

India's banking and financial services sector has undergone significant development in recent years. In the past, obtaining a loan was a challenge. People then turned to friends, family, or unregistered money lenders for their immediate cash requirements. However, things have radically changed as a result of numerous banks and non-banking financial companies (NBFCs), such as LazyPay, giving various forms of financial aid facilities in India. The widespread availability of loans, including mortgages, auto loans, and loans for consumer goods, has greatly influenced how people live today and their amazing spending power.   A personal loan is a different loan kind that has recently experienced tremendous growth in popularity. More and more people are turning to personal loans to address their immediate financial needs. And in response to the enormous demand for these loans, a number of banks and NBFCs have started to provide personal loans with improved features and perks in an e...

  More than 50% of the population now relies on loans as a key financial instrument in this cutthroat economy. Loans are a choice that can assist one in obtaining a number of things, whether it be for an immediate financial need or the desire to purchase some indulgences. Loans are becoming more accessible to the general public and more affordable. Therefore they frequently apply for them even when there isn't an immediate need. However, a recent survey revealed that a significant portion of the population is currently struggling with the debt trap.   It takes a while to discover that most borrowers are unaware that they are falling deeper into the debt trap, which is a very significant problem. Therefore, in order to be financially sound, one needs to be aware of the warning signs that indicate falling into a debt trap. A debt trap can be especially deadly because it often goes unreported until the person is already head-deep in it, at which point they must apply for anot...

To manage your finances and boost your savings, you must plan effectively. Liquidity should be carefully handled because lifestyle and standard of living changes might alter consumption patterns. Additionally, it's possible that you'll spend most of your savings on unanticipated costs and other crises. Selling your financial assets in such circumstances is a dependable choice. Those without a stable source of income can use a personal loan when they need money right away. Obtaining a personal loan is also possible for a number of additional reasons, including covering wedding-related costs, funding children's education, buying household goods, taking trips, upgrading your property, and more. Since no financial assets are pledged as security for a personal loan , the interest rates are comparatively higher. But the question here that comes is whether to take a personal loan or go for a loan against your fixed deposit. This article will let you choose the best suitable one...

You would be aware of the time and documentation required if you had attempted to obtain a loan a few decades ago. Then, it was a time-consuming and exhausting process because there were so many documents to complete, attested photocopies to attach, and multiple trips to the lender.  However, the landscape of lending has seen a significant transformation in recent years due to the development of digital technologies and the fintech sector. Simply said, everyone now has access to a smartphone, putting the world at their fingertips. Today, your smartphone serves as your portal to everything you need, including your investments, loans, clothes, gadgets, and medications. Over the past ten years, the financial technology sector has grown quickly around the world. As a result, major corporations invested time and resources in creating products and services suited for this market, and this effect was also felt in India.  As a result, the outstanding portfolio of personal loans card ...