“Buy Now, Pay Later”- How Does It Work?

BNPL is the acronym for what is commonly known as �Buy Now, Pay Later”. Since the inception of credit cards, this term has frequently been used to describe the USP of credit cards. This is the distinctive feature of payment in plastic and lets consumers afford almost any commodity available. From cars to furniture, you can buy anything “now” and pay for it at your convenience later. Even holidays are purchased this way. There is no doubt that this way of shopping has caught on more aggressively in the past decade, and now, almost every individual uses this way to pay for goods and services.

BPNL

“Buy Now, Pay Later” is a kind of short-term funding that allows individuals to pay for goods and services in instalments, according to a period that is stipulated by the lender in advance. So, you could call it a loan of sorts. Recently, this has taken over the consumables market by storm in India, and many credit card companies, banks and finance firms are offering individuals perks with such payment facilities. With credit cards, the “Buy Now, Pay Later” plan has always been around, and you can purchase goods and services during a free credit period without paying hard cash upfront. At the end of a free credit period, you have to settle a bill/statement and pay what you owe. You may also purchase goods and services, including travel, on EMI, or equated monthly instalments. In the true sense of the word, the “buy now, pay later” moniker applies, in the current consumer market space, to this kind of purchasing. Purchasing things in EMI lets you buy products without initial cash, and you can pay for them afterwards in monthly instalments, in flexible tenures. The perfect way to avail of this facility is to follow the Bajaj Finserv Card Apply process. 

Awesome Affordability

You do not need a credit card to get the benefits of purchases according to a BNPL process. A great way to avoid extra charges that credit cards levy, and get additional offers, so you save money, is to opt for a digital payment instrument from Bajaj Finserv. This is the Bajaj Finserv EMI Network Card. The card lets you purchase any goods and services that your heart desires from a vast range of over a million products. You can use the card both at online partners and offline stores, and once you have a handle on its benefits, you will stop at nothing to get it. Here are its key features that translate to advantages for you:

• NO Cost EMI – What is NO Cost EMI? When you typically buy goods with an EMI facility, credit cards charge you interest with your repayments every month. The Bajaj Finserv EMI Network Card, has the feature of NO Cost EMI, so you only pay for what you owe in terms of the cost of the product(s) you buy. There is nil interest charged.
• Partner Retailers – The Bajaj Finserv Network has partner retailers, and you can use the card both offline and online at portals like Amazon, Flipkart, etc, and at retailers like Pepperfry, HomeTown, AtHome, Croma, Reliance Digital, etc. Moreover, you can even buy anything to do with travel on EMI, as this card is accepted at MakeMyTrip too. 
• Offers and Discounts – When you shop with the Bajaj Finserv EMI Network Card, you get offers like zero down payment and discounts, especially if you make purchases at the Bajaj Finserv EMI Store. 

Shopping Therapy

Many a time shopping becomes a therapeutic and pleasurable experience. And now with the Bajaj Finserv EMI Network Card from Finserv MARKETS you can enjoy this experience without worrying about affordability.