LazyPay 2022: Pay Later | Credit Score | Personal loan

LazyPay 2022: Pay Later| Credit Score| Personal loan: Lazypay pay later. A personal loan is a handy feature for those who want to borrow small amounts or even significant amounts without a lot of hassle and worries. You can quickly get the loan from Lazypay. The process is entirely online, which makes it very convenient and hassle-free. There is a maximum of 1 lakhs of loan which you can get. Although forgetting that but loan, you either need to have a perfect credit score or be an old customer of Lazypay.

LazyPay- Pay Later

You can pay with Lazypay pay later at various shops and merchants. It works in both online and offline mode. Once the payment is made, you can repay it within 15 days without any interest. Although if you want to repay the loan a bit later, you can quickly get the EMI payment with minimal interest. 

Interest rateYou have to pay interest only on non approved payments
Processing feeThe processing fee is not mentioned, but there isn’t any processing fee if you are using pay later. Although in the case of personal loans and other loans, there is some
FeaturesThe process is entirely online, and once you are approved, you can enjoy the benefits for a lifetime-one-tap payment with the option to repay the credit within 15 days without any interest. 
Eligibility criteriaThere aren’t a lot of eligibility criteria here. You need to be an Indian citizen to be able to use the Lazy pay app. You also need to have a regular source of income, and your age must have to be either equal to 18 or more than that.
Application process (Online/Offline)You can easily use the Lazypay pay later feature, but you need to fill an application form and upload some documents to get the personal loan from Lazy pay.
Documents RequiredYou need documents like an aadhaar card, Voter ID card, passport, driving license, or any other for your address and identity proof. You also need to have income proof.
Official WebsiteLazypay

Eligibility criteria

There aren’t a lot of eligibility criteria available for Lazypay pay later and personal loan. It is pretty similar to any other loan. As it is a personal loan, you don’t need to submit any collateral, and you can easily avail all the benefits of Lazypay. Its pay later features are also handy, and you can make payments with it at various shops and outlets. 

We have mentioned all the eligibility criteria below:

  • The applicant must have to be an Indian citizen to be able to use the benefits of Lazypay pay later and personal loan. 
  • You need to have a regular source of income and there is also a minimum annual income or monthly salary required. 
  • Your age must have to be either equal to 18 or more than that, but it should not go beyond 60. 
  • You need to have a very good credit score, if you want to take out a big loan. 

Application process (Online/Offline)

The application process for Lazypay pay later, and a personal loan is straightforward to fill. Anyone can apply for the personal loan for Lazypay pay later if they are eligible for it. The process is entirely online, which makes it even more convenient and comfortable and hassle-free for all. 


We have mentioned all the steps by which you can easily apply for Lazypay pay later and a personal loan:

Step I – first of all, you need to download the application either from the play store or the Apple store. You can also visit its official website for further information.

Step II – now, you need to get yourself registered on the app. You need to submit some important details about yourself. You also need to provide your phone number, which is linked with your pan and aadhaar card. 

Step III – now, you need to fill the application form carefully and choose the amount and type of loan you want. From there, you can also choose the tenure and interest accordingly. 

Step IV – once the application is over, you need to upload the scanned image of the required documents. After uploading the documents, you can submit the application form.

Step V – once the application is submitted, you can expect the money to be deposited in your bank account within a few hours. 

Documents required

The documents required for Lazypay pay later and personal loan are:

  • Identity proof – Aadhaar card, passport, voter ID card, etc.
  • Address proof – Aadhaar card, driving license, passport, etc.
  • Income proof, for which you can either use the bank statement of the last few months or the most recent salary slip
  • You need to have a pan card for KYC. 

Frequently asked questions

What are the products offered by Lazypay?

Lazypay offers a variety of features and products which can be easily used. You can take a personal loan; you can have access to pay later, no EMI, and much more. You can visit its official website for more information.

Is it safe to use Lazypay?

Yes, it’s safe and secure to use Lazy pay. It is approved by the RBI, and it has a very transparent and secure system. You can easily apply for any loan or any service you want. 

What happens if you don’t pay Lazy Pay?

A user can then settle a cumulative bill in a stipulated cycle, typically 14 days, through a digital payment mode. However, they are getting late for making payments, then LazyPay charges Rs10 per day for non-payment.

Is LazyPay RBI approved?

Yes, The approval from the central bank is subject to “certain pending RBI compliance”, according to LazyPay.

Recommended Articles:

Join the Discussion