ePayLater - Get Instant Credit

ePayLater, offers credit up to INR 25 Lakh at 0% Interest for 14 – 30 days & at 0 processing fees. It helps retailers to purchase best products at the best prices for their stores using credit & pay the total every 14–30 days to avail 0% Interest. Retailer can use the credit limit on a recurring basis after repayment.

How does ePayLater work?
ePayLater offers a simple & user friendly interface, just download the app, submit the details and get immediate credit approval ranging between INR 25,000 to INR ₹25 lakhs. Customer can use the credit limit approved, anytime for payment of products purchased within a year.

Once customer uses the credit limit, he/she can repay the whole amount in minimum 0 days and maximum 30 days.
(Note: Maximum period of repayment may vary from merchant to merchant)

If the amount utilised is less than customer’s approved credit limit, then the customer can use the remaining amount for another purchase.

🔷 On repayment after Interest-free period
Maximum Annual percentage rate (APR) - 36% p.a. + 1% p.a.(Additional bounce charges) + GST

After repayment, the customer’s credit limit gets restored and can be used again for purchasing products from partner merchants.

Example:
Credit limit used = INR1,00,000

🔷 If repayment is made within Interest – Free period (14 - 30 days)
Interest charges = 0
Other charges = 0
Total payment - INR 1,00,000

🔷 If repayment done on 45th day
Interest charges (APR 36% p.a.)= INR 450
Other charges (1% of the principal amount) = Bounce charges INR 100 + GST
Total payment – INR 1,00,550 + GST

⭐️ Purchase finance program
Under purchase finance program, ePayLater lets buyers pay for invoices using their approved credit limit and then pay later @28% p.a. APR

Minimum repayment period (Invoice discounting) = 7 days
Maximum repayment period (Invoice discounting) = 90 days

Maximum annual percentage rate (APR) (Invoice discounting) = 28% p.a.

Example:
Credit limit used = INR 1,00,000

🔷 If repayment made on 10th day
Interest charges (APR 18% p.a.) = 0.767%
Total payment = INR 1,00,767.12

Key Features
• Get Instant Credit: We empower small businesses with instant revolving line of credit to overcome short-term liquidity shortages and help them meet their financial requirements.

• PAN India Credit Network: You can use ePayLater to buy products from any partner merchant PAN India and onboard local distributors.

• Increase Profitability: Retailers can choose the best products from different categories at the best prices across all sales channels physical or digital, and increase profitability.

• Secure: Manage your transactions effortlessly with utmost level of security.

Permissions:
We collect personal information & data from You in conjunction with Your usage of the app and we also take SMS permissions to ensure 100% security while onboarding you and for transactions on the platform. Check the detailed Privacy Policy at https://www.epaylater.in/privacy.html

• Rewards: Earn rewards on transactions with ePayLater & also find many exciting offers

Benefits of Using ePayLater:
• Get instant credit up to 25 lakhs
• Interest-free for 14 – 30 days
• No hidden charges
• 0 processing fees or set-up cost
• Source products in bulk at best prices PAN India
• Higher approval rates
• Make transactions effortlessly with top merchants
• Easy handling of returns & cancellations

Declaration
ePayLater is a platform that facilitates a revolving credit line by duly registered NBFCs to users as per their requirements

Partner NBFCs:
• Muthoot Finance
https://www.muthootfinance.com/sme-loan

• Arthashastra Epaylater Financial Private Limited
https://www.aefpl.in/policies

• SMFG India Credit Company Ltd.
https://www.smfgindiacredit.com/digital-lending-partner.aspx?tab=partner_details

• Piramal Capital & Housing Finance Limited
https://www.piramalfinance.com/about-us/lending-partners

• Samunnati Financial Intermediation & Services Private Limited

• Caspian Impact Investments Private Limited