In this story, we have for you all the details you should know about Buy Now Pay Later. you must have come across the Buy Now, Pay Later option that many of the e-commerce platforms are offering.

BNPL or Buy Now Pay Later is a payment option in form of small ticket loans allowing online and offline purchases. It is often known as Shop Now Pay later also.

What does Buy Now Pay Later cost?

The majority of the Buy Now Pay Later products are free for the customers, those who make their payments on time.

Buy Now Pay Later, customers usually get a repayment window of 15 to 30 days.  The credit limit under Buy Now Pay Later is much lower than what the credit cards offer.

Duration of Buy Now Pay Later

Almost all of the Buy Now Pay Later service providers will check your credit score. This is done to assess your reliability and authenticity before you avail of the Buy Now Pay Later facility.