As online shopping becomes more popular, an increasing number of people are turning to BNPL (Buy Now Pay Later) applications such as Simpl to make their purchases. However, there are several other BNPL apps available that offer similar features.
This article will cover the top six apps like Simpl that offer users various credit alternatives and additional advantages. Each app has unique features and benefits, so selecting the one that best suits your needs is important. We will summarise each app’s functionality and features to enable users to make an informed decision.�
Top 6 Apps Like Simpl
There are various e-commerce apps like Simpl. If you are looking for alternative apps like Simpl, assessing their dependability and usability is also crucial. Here are the six alternative apps like Simpl.
1. LazyPay
Over 10 lakh people have downloaded this “buy now, pay later” app, which has partnerships with many businesses, including taxi services and online shopping portals. Thus, LazyPay covers you whether you want to order in or wish to transport yourself away for a weekend break. For individuals behind on their payments, the app provides flexible EMI alternatives with terms of 3 to 12 months. Of course, you can fully settle your debt within 15 days and avoid paying interest. It is simple to sign up with LazyPay. You may now begin conducting transactions by registering using your Aadhar or PAN.
2. FlexPay
FlexPay is promoted as a digital payment method for money transfers and bill payments. It lets you use a pre-approved credit line to pay for various items. The app has a sophisticated security system and a bilingual user interface. The buy now, pay later software offers simple payback choices to assist you in avoiding impulsive purchases.
One of the digital credit card alternatives to Simpl is FlexPay. It offers a credit line for UPI payments, bill payments, and other daily expenses. With its assistance, you can track your spending habits and handle all your costs in one location. The software effectively offers an open-ended loan without a set limit. In addition, flexible EMIs are an option for paying back the credit amount. Additionally, only salaried people can access personal lines of credit through FlexPay.
3. Zest Money
One of the Buy Now Pay Later apps, Zest Money, offers 0% interest payback for purchases. It has collaborated with several online retailers to simplify your life. You may buy and pay back with Zest Money in 30 days at 0% interest. Also, it enables convenient automatic EMI instalments for up to 12 months. You must set up automatic payments through your bank and upload your KYC papers. In addition, the application offers rewards for successfully repaying instalments.
Zest Money is one of the most popular BNPL platforms among online buyers. Some of the features of Zest Money include:
- First, you can create an account in a few minutes, allowing your credit limit to be approved immediately.
- It allows you to buy things offline or online without a credit card, as it collaborates with more than 150,000 retailers to deliver the finest goods. You get 0% EMI on your purchase when you use ZestMoney, and you can repay this in 3 to 4 months. There are no extra costs, and everything is completely transparent.
4. Slice
Slice is one of the various apps like Simpl. All of the leading e-commerce giants, including Amazon, Flipkart, Snapdeal, and Paytm, are supported by SlicePay. SlicePay enables you to make purchases from any of these platforms.
It fulfils all the requirements and offers EMI and emergency cash solutions. This is helpful if you need a little wiggle room to get you through the month’s end. First, you must apply and join, just like any credit card. The application may be finished in a few easy steps via the Slice app. It takes 24 hours to approve. Once you are a member, you may get an EMI option for up to 6 months. You can easily track your assets with the Slice app and earn points. There are not any hidden costs or yearly membership dues.
5. Paytm Postpaid
Paytm Postpaid is another buy now, pay later alternative app like Simpl that eliminates the need to pay immediately after you make a purchase. You may use this app to make payments at more than 5000 places (both online and offline) because of Paytm’s extensive network of partners.
One would not need much convincing to sign up, considering that it gives a credit limit of up to Rs 1 lakh. However, you should be aware of a tiny issue: Your monthly amount is subject to a convenience charge of up to 3%. If payments are completed on schedule, the application claims no further fees.
6. True Balance
Pay Later is a new feature from True Balance, one of the apps like Simpl. Compared to other pay-later applications that have partnerships with many online retailers, with this application, you may pay your electricity, telephone, and DTH recharge bills in two instalments. Based on how you use the app, your credit limitations are pre-set. After paying the total price, buyers will also earn attractive cashback. The payback is nullified if the payment is more than three days overdue.
FAQs on Apps Like Simpl
Listed below are some interesting FAQs about apps like Simpl:
What makes LazyPay an excellent alternative to Simpl?
LazyPay is a good app like Simpl because it offers flexible EMI options, has partnerships with many businesses, including taxi services and online shopping portals, and is easy to sign up for using your Aadhar or PAN.
How is FlexPay different from Simpl?
FlexPay differs from Simpl in that it offers a pre-approved credit line for UPI payments, bill payments, and other daily expenses, helps users track their spending habits; and offers flexible EMI options for paying back the credit amount.
What are the benefits of using Paytm Postpaid as a BNPL app?
The benefits of using Paytm Postpaid as a BNPL app include the ability to make payments at more than 5000 places (both online and offline) because of Paytm’s extensive network of partners, a credit limit of up to 1 lakh rupees, and attractive cashback options.
Are there any hidden costs or fees associated with these BNPL apps?
Most BNPL apps like Simpl have transparent fee structures, as there are generally no hidden costs or fees associated with their services. However, to avoid surprises, users should read the terms and conditions carefully before signing up.
How do I choose the right BNPL app for my needs?
To choose the right BNPL app for your needs, consider factors such as the app’s interest rates, fees, credit limits, repayment options, and partnerships with retailers. Compare the features and advantages of each app to find one that suits your needs.
You may pay for all your expenses later with these applications. Some of these BNPL applications let you pay practically wherever you purchase, but others just let you pay at brands associated with them. Thus, review the terms and fees and choose your preferred alternative apps like Simpl. The simplicity of payment, meanwhile, can have a drawback in that it would encourage consumers to spend more money. So, exercise caution while utilizing pay-later apps.
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