In March of 2017, PayU Finance India Private Limited launched an app called LazyPay. PayU Finance India Private Limited is a finance company that has been registered with the Reserve Bank of India (RBI). The whole concept behind the LazyPay technology platform is that customers can “Buy Now, Pay Later”.
The app has met with a lot of success so far. Many users have submitted testimonials that this method of payment is ideal. They seem to find it easier to pay off all dues at one time. There have been reported over 10 lakh people have installed the app.
What are the benefits offered by LazyPay?
The secret to the company’s success seems to be the perks they offer. LazyPay provides customers with services such as Instant Personal Loans, No cost Equated Monthly Installment (EMI), shop online, and pay later.
Instant Personal Loans
The LazyPay app allows the user to gain personal loans up to one lakh. Loans can be approved almost immediately for sums of Rs. 10,000 to Rs. 20,000. Another point in favor of the app is that you choose your EMI limit between 3 to 24 months. The rate of interest offered is only on the loan. The charges usually range from 15% to 32%.
No Cost Equated Monthly Installment (EMI)
Many of LazyPay's users have attested to the fact that they greatly appreciate the application’s no-cost EMI policy. Due to this policy, they can buy products or take loans without fear or worry of defaulting.
Shop online, pay later
LazyPay has affiliations with several sites. So now not only can you shop carefree, but you also get to review what you pay for at one time. Users can use LazyPay to pay in sites such as Swiggy, Zomato, MakeMyTrip, BookMyShow, etc.
Medlife Cashback offers
Medlife is one of the companies that has offered the LazyPay option. Medlife is a pharmaceutical and online consultation company. The company also has the additional advantage of delivering medicines to the patient. By offering payment options with LazyPay, Medlife has given people the ability to obtain their medicines when required and worry about paying the bills later.
LazyPay has a Medlife coupon that entails a cashback of Rs. 75 on a minimum transaction of Rs. 400. The coupon is valid only for the first transaction made through LazyPay for a Medlife service. The company offers this coupon only f3 the month of February 2021.
Some of the terms and conditions surrounding this offer include: Customers who make use of this offer between the 1st and the 15th of the month will get the cashback amount on the 20th of that month. If it is availed between the 16th and the 31st of the month, the cashback will be received by the 5th of the next month. If there are several offers that the user can gain, the coupon is valid for the higher amount. Cashbacks are not valid for canceled products or refunded bills.
LazyPay has thus given users the ability to look after their hath first and worry about trivial things like bills and payments later.