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19 Best Pay Later Apps for Students in India (2023)

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Managing finances as a student can be quite challenging, especially when there are multiple expenses to juggle.

Thankfully, the digital age has brought about a revolution in payment methods, making it easier for students to manage their funds.

Buy Now Pay later apps have gained popularity for their convenience and flexibility.

In this article, we’ll explore the 19 best pay later apps for students in India, helping them navigate their financial responsibilities seamlessly.

What Is Buy Now Pay Later? How Does It Work?

India is growing very quickly, even faster than people thought it would.

In the past, Indian culture was about earning first and spending less money. But things have changed now.

The generation called “Millennials” has made many changes in our society.

One of these changes is the idea of “Buy Now and Pay Later.”

Buy Now Pay Later is a way of shopping that lets you purchase items immediately and delay the payment for a later time.

It works by allowing you to get the things you want right now and then giving you a period to pay for them afterward.

Here’s how it typically works:

  • Choose Your Items: You pick the items you want to buy, just like you would in any other shopping situation.
  • Select Buy Now Pay Later: Instead of paying for the items right away, you choose the “Buy Now Pay Later” option during the checkout process.
  • Deferred Payment: With Buy Now Pay Later, you’re given a specific time frame during which you can delay making the payment.
  • No or Low Interest: Some Buy Now Pay Later apps come with no additional cost, meaning you won’t have to pay any extra fees or interest as long as you pay within the agreed-upon time.
  • Payment Flexibility: During the deferred period, you can choose to pay off the entire amount or divide it into smaller installments, depending on what’s convenient for you.
  • Enjoy Your Purchase: Once you’ve completed the payment within the given time, the purchase is officially yours, and you can enjoy your new items.

Note: It’s essential to keep in mind that while Buy Now Pay Later can provide flexibility and convenience, it’s important to read and understand the terms and conditions.

🚀Also Read: 7 Personal Loans For Students with No Income

How to choose the Best Pay Later Apps for Students in India?

Choosing the best pay later apps for students in India involves a few important considerations.

Here’s a simple guide on how to make the right choice:

  • Research Various Apps: Start by researching different pay later apps for students in India. Look for apps that are popular and have good reviews from other users.
  • User-Friendly Interface: Choose an app with an easy-to-use interface. Apps that are simple to navigate and understand will make your experience smoother.
  • Credit Limit: Check the credit limit that the app offers. Make sure it aligns with your spending needs without being excessive.
  • Interest Rates: Some apps might charge interest on delayed payments. Look for apps that offer no or low-interest options for timely repayments.
  • Hidden Charges: Read the terms and conditions to ensure there are no hidden fees or charges that could catch you off guard.
  • EMI Options: If you prefer to pay in installments, consider apps that offer EMI plans with no or minimal interest.
  • Merchant Network: Look for apps with a wide network of merchants. This ensures that you can use the app for a variety of purchases.
  • Security: Security is crucial when dealing with financial matters. Choose apps that have strong security measures in place to protect your personal and financial information.

🚀Also Read: List of 50+ RBI Approved Loan Apps in India [Verified List 2023]

List of 19 Best Pay Later Apps for Students in India (2023)

App NameOur RatingsPenaltyEMIs
Paytm Postpaid4.0⭐Up to ₹250Not Fixed
Freecharge Pay Later3.8⭐Up to ₹4759
ZestMoney4.2⭐Up to ₹3008
Simpl4.5⭐Up to ₹450Not Fixed
Amazon Pay Later4.7⭐Up to ₹25012
Sezzle3.7⭐Up to ₹50012
OlaMoney Postpaid and Wallet3.0⭐Up to ₹25012
Lazypay4.5⭐Up to ₹47512
ePayLater3.8⭐Up to ₹20016
Post Pe4.5⭐Up to ₹500Not Fixed
Snapmint4.2⭐Up to ₹15012
Flipkart Pay Later3.9⭐Up to ₹50012
Money Tap4.2⭐Up to ₹200Not Fixed
Bullet- Pay Later App3.8⭐Up to ₹60012
MobiKwik ZIP4.0⭐Up to ₹45012
CashE3.0⭐Up to ₹6008
Slice4.4⭐Up to ₹30012
Pay Later by ICICI Bank3.9⭐Up to ₹450Not Fixed
Jupiter Edge – Pay Later App3.4⭐Up to ₹60012

Top 10 Pay Later Apps for Students in India


1. LazyPay

LazyPay is first on our list of the best pay later apps for students in India.

As students strive to achieve their educational goals, managing expenses efficiently becomes paramount.

LazyPay addresses this challenge by offering a versatile pay later solution tailored to the unique needs of students.

Whether it’s purchasing study materials, paying bills, or covering unforeseen expenses, LazyPay provides a cushion of financial flexibility that supports students in their academic journey.

Major Highlights:

  • Quick credit line.
  • Paperless KYC process.
  • 15 days interest-free period.
  • Autopayment options.
Credit LimitUp to 1 Lakh
Interest Rate18% to 25% per annum
Age Criteria22 years to 55 years
Application ProcessOnline
Income RequiredYes

🚀Also Read: 35 Best Discount Shopping Apps in India

2. Simpl Pay Later

In a country where education holds paramount importance, managing finances as a student can often be a challenge.

Simpl, one of the best pay later apps available in India, offers a solution that simplifies this process.

With its user-friendly interface, innovative features, and tailored solutions, Simpl has quickly become an essential tool for students seeking convenient payment options.

Major Highlights:

  • Manage your account easily via its app.
  • Easy sign up process of a few minutes.
  • No compounding of interest.
  • 15-day zero-interest repayment cycle.
  • Integration with a lot of merchants.
Credit LimitUp to 2 Lakh
Interest Rate15% to 18% per annum
Age Criteria18 years to 55 years
Application ProcessOnline
Income RequiredYes

3. Flipkart Pay Later

Want to know the best pay later apps for students in India?

Flipkart Pay Later offers an interest-free period, enabling students to repay their dues without incurring interest charges.

Using Flipkart Pay Later encourages students to develop responsible financial habits.

It provides insights into spending patterns and allows students to plan their finances effectively.

Major Highlights:

  • Hassle free checkout.
  • Payment in EMIs or carry forward to the next month.
  • Apply for credit in 5 minutes.
  • Splitting payment is easy.
Credit LimitUp to 3 Lakhs
Interest Rate14% to 18% per annum
Age Criteria18+
Application ProcessOnline
Income RequiredYes

4. Money Tap

MoneyTap is one of the leading pay later apps for students in India.

In the fast-paced world of Indian student life, managing finances can be a daunting task.

MoneyTap offers a lifeline by providing students with the flexibility they need to navigate the financial challenges of education.

One of the standout advantages of MoneyTap is its integration with various online and offline merchants.

Students can make purchases with ease, streamlining their shopping experience.

Major Highlights:

  • RBI approved loan apps.
  • No collateral required.
  • Top up feature is available.
  • Flexible EMIs Option to choose from.
Credit LimitUp to 2.50 Lakhs
Interest Rate15% per annum
Age Criteria20+ years
Application ProcessOnline
Income RequiredYes

🚀Also Read: 10 Best Apps that pay you for Walking in India (2023)

5. Amazon Pay Later

Amazon Pay Later operates on a straightforward principle: it allows users to make purchases and defer the payment to a later date.

This flexibility empowers students to shop for their needs without immediate financial constraints.

With the surge in e-commerce, online shopping has become a way of life.

Amazon Pay Later enhances this experience by simplifying the payment process.

Students can shop for a wide range of products, from electronics to fashion, with ease.

Major Highlights:

  • Zero interest credit line.
  • 3 to 12 months EMIs available.
  • Use it for groceries and shopping bills.
  • Maximum limit of up to ₹60000.
Credit LimitUp to ₹60,000
Interest Rate12% to 18% per annum
Age Criteria18+ years
Application ProcessOnline
Income RequiredYes

6. Paytm Postpaid

In an era where financial flexibility is key, Paytm Postpaid has emerged as a revolutionary payment solution for students in India.

With its seamless integration into the Paytm ecosystem and a wide array of user-friendly features, Paytm Postpaid is transforming how students in India manage their finances.

Paytm Postpaid goes beyond shopping, extending its benefits to utility bill payments.

Students can use Paytm Postpaid to pay their electricity, internet, and mobile bills, eliminating the stress of due dates and payment schedules.

Major Highlights:

  • Totally digital.
  • Check-out facility with lightning speed.
  • Interest free credit for 30 days.
  • Free activation.
Credit LimitUp to 1.50 Lakhs
Interest Rate15% per annum
Age Criteria21+ years
Application ProcessOnline
Income RequiredYes

7. Postpe

Postpe is a popular Buy Now Pay Later App (BNPL) that makes your shopping experiences smoother and more flexible than ever.

Using PostPe encourages responsible financial habits.

It offers insights into spending patterns, helping you make informed spending decisions and budget effectively.

PostPe goes beyond shopping, extending its benefits to everyday expenses.

You can use PostPe to pay utility bills, making payments a hassle-free experience.

Major Highlights:

  • 30 days credit line.
  • No interest on credit.
  • Offline payments too.
  • Hassle free transfers.
Credit LimitUp to 3 Lakhs
Interest Rate18% per annum
Age Criteria21+ years
Application ProcessOnline
Income RequiredYes

🚀Also Read: 15 Doubt Solving Apps to Earn Money in 2023 (No Investment)

8. Zest Money

Zest Money has emerged as a game-changer, offering a “Buy Now, Pay Later” service that’s redefining the way customers shop.

With the convenience and flexibility it brings, Zest Money is becoming a go-to choice for those who want to enjoy the products they love without immediate financial burdens.

The credit limit offered by Zest Money varies depending on several factors, including the customer’s credit score, income, and other financial information.

This ensures that each customer’s credit limit is tailored to their financial situation.

Zest Money offers two types of EMI options:

  • Fixed EMI
  • Flexi EMI

This variety allows customers to choose a repayment plan that aligns with their budget and preferences.

Major Highlights:

  • Zero Percent interest but only on selected offers.
  • No paperwork, no credit card.
  • 3-step fast approval process.
Credit LimitUp to 2 Lakhs
Interest Rate14% to 18% per annum
Age Criteria19+ years
Application ProcessOnline
Income RequiredYes

9. Freecharge Pay Later

Freecharge Pay Later simplifies the payment process by allowing you to make purchases and settle bills without immediate payment.

This means you can enjoy various services and products on credit.

Freecharge Pay Later offers a one-tap payment feature secured with either a PIN or an OTP, making transactions quick and secure.

Major Highlights:

  • Full month delay in your payments.
  • Get interest free credit immediately.
  • No additional charges.
  • Keep a track of your expenses.
  • Exclusive offers and amazing cashbacks on shopping sites.
Credit LimitUp to ₹60,000
Interest Rate12% to 15% per annum
Age Criteria20+ years
Application ProcessOnline
Income RequiredYes

10. OneCard

“OneCard” is a fintech platform and credit card service that offers a pay later solution for students and young adults in India.

It combines the features of a credit card and a pay-later app, making it a convenient option for managing expenses.

With OneCard, you can choose to pay for your purchases at the end of the billing cycle, just like a traditional credit card. This feature allows you to make purchases and pay the bill later.

Major Highlights:

  • No joining charges
  • 5X rewards points are available
  • No annual charges
  • 48 days interest-free
Credit LimitUp to 2 Lakhs
Interest Rate12% to 15% per annum
Age Criteria18+ years
Application ProcessOnline
Income RequiredNo

🚀Also Read: 15 Apps that Pay Real Money through Paypal ($25+ Apps!)

Pay Later Apps for Students in India – Pros and Cons

Pros of Pay Later Apps for StudentsCons of Pay Later Apps for Students
✅Instant Credit Access.❌Impulsive Spending.
✅Safe and Secure.❌Penalties for Late Payments.
✅Simplicity.❌Credit Score Impact.
✅Interest-Free EMIs.❌Short Repayment Windows.
✅Flexibility.❌Potential for Overspending.
✅Improvement in Credit Score.❌Interest Charges.

Which is the Best Pay Later Apps for Students in India in 2023?

LazyPay is the best pay later apps for students in India.

LazyPay is managed by PayU, which is a leading payment gateway service in India.

Within 30 minutes, you can get up to 1 lakh instant loan from LazyPay.


Can I convert the credit limit to EMI?

Yes, in many cases, you can convert your credit limit into EMI. When you make a purchase, you may have the option to choose EMI as the payment mode.

Does credit score affect pay later service?

Yes, your credit score can significantly affect your eligibility for pay later services. Your credit score plays a crucial role in determining whether you qualify for these services and what terms you receive, including the credit limit, interest rates, and repayment terms.

How much amount you can credit through buy now pay later apps?

You can credit maximum up to 5 lakhs from buy now pay later apps. Credit limits can range from a 60,000 to 5 lakhs, but the exact limit will vary from one app to another and from one user to another.

Can I use pay later apps for online shopping?

Yes, pay later apps for students are great for online shopping convenience.

Is there a limit to how much I can spend using these apps?

Yes, each app has a predefined credit limit based on your profile and usage.

Wrapping Up

Pay later apps have revolutionised how students manage their finances, providing a flexible and convenient solution for various transactions.

By offering a list of the best pay later apps for students in India, this article aims to help students make informed financial decisions.

Remember, responsible usage is key to leveraging these apps effectively.

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Anuj Shinde

Anuj Shinde is the founder of DigiConnexion. Computer Engineer by day and a Tech-savvy entrepreneur by night. He has always loved gaming, and his fingers move easily on the keyboard as he writes exciting articles about his gaming experiences. Because he knows a lot about both technology and gaming, he is happy to share his knowledge and thoughts with others. Read More