04 Mar 2024 4 min read Personal Credit

What is Simpl App Pay Later: Review

What is Siand

Simpl Pay Later is a payment app that simplifies your online shopping experience without the hassle of OTPs or passwords. You can buy now and pay later at your convenience for all your needs. It is truly among the smoothest Buy Now Pay Later Apps in India.
Using the Simpl payment app, you can make quick payments for popular brands like Zomato, Bigbasket, Blinkit, MakeMyTrip, Dunzo, JioMart, Zepto, Tata 1mg, Nykaa, UrbanCompany, Goibibo, RedBus and many more.
Also, after a few successful transactions, you can unlock the option to pay utility bills with ease. The Billbox option on the Simpl Pay Later App allows you to pay your utility bills such as Gas Bills, Electricity Bills, Water Bills, and Postpaid Bills and also lets you recharge your TV, Prepaid Mobile, and Wi-Fi with a 1-tap. These get added to your Simpl Pay Later Bill, which you can clear later.

Simpl Pay Later Eligibility:

To be eligible for Simpl Pay Later, users typically need to meet certain criteria, which include:

Age Requirement: Users must be at least 18 years old.
Legal Capacity: Users must be able to form legally binding contracts under the applicable law.
Identity Verification: Users must have a valid government-issued ID proof.
Creditworthiness: Simpl assesses creditworthiness based on various factors, including transaction history, to determine eligibility.
Transaction Behavior: Regular transactions and a good repayment history may improve eligibility.
Account Activation: Users often need to activate their Simpl account through the app and complete any required verification steps.

For precise eligibility criteria, it's best to check directly with Simpl or their official website, as criteria can vary and may be updated.

Here is a list of things you can do using Simpl Pay Later:

Make Quick Payments with One-Tap: Simpl Pay Later is one of the best pay later apps that let you make quick payments with just one click. There are no OTPs, CVVs, or passwords required.
Pay-in- 3: On selected merchants, you can avail the option of completing your payment in 3 parts over 2 months without any interest or hidden charges. It adds affordability to your diverse needs so you can easily budget and pay for your shopping later.
Zero Interest or Hidden Fees: Simpl is one of the few BNPL apps in India that allows you to make purchases online without any interest or hidden fees. So, you pay zero interest over your purchase amount even when you pay later.
Quick Refunds for Cancellations: Say goodbye to being worried about delayed refunds. With the Simpl payment app, you can get refunds in seconds in the event of order cancellations.
Minimum KYC: You can set up the Simpl BNPL functionality in minutes as it involves minimum paperwork for verification. You don’t have to worry about multiple KYCs, passwords, and other paperwork.
Avail Exciting Offers: With this Shop Now Pay Later app in India, you can unlock exciting offers for purchases across multiple merchants.

Billbox: Make Utility Bill Payments Online

Your Go-To Recharge App: You can pay for your Broadband, DTH, and mobile recharges - the amount gets added to your Simpl Bill, which you can pay later. Using this premium feature of this BNPL app, you can simply recharge online without any hassle!
Hassle-Free Bill Payments: Simpl makes all your timely online bill payments easier! You can make your repay your gas bill online, complete your FASTag recharge and water bill repayment online, and also clear your electricity bills in a tap - all these will get cleared immediately and you can pay for the same later with your Simpl Bill.

Why Choose Simpl?

Simpl is a mobile-first, buy now, pay later platform that is reimagining payments driven by trust, relationship, and loyalty between merchants and their consumers. We achieve this through frictionless checkout, POS credit, and data-driven loyalty.

How Simpl Works?

Simpl generates bills twice each month. On the 15th, you receive the bill for your purchases/payments between the 1st and 15th. Likewise, on the 30th/31st, you receive the bill for purchases/payments made from the 16th to the 30th/31st. You can pay even before your bill arrives by logging in to your account.
Simpl charges a penalty of up to INR 250 excluding GST in case of consistent non-payment of bills on due dates. However, if you inform Simpl of any issues, no charges will be levied.

FAQs:

Is Simpl Safe?

Yes, Simpl is generally considered safe to use. The app uses encryption to protect your data during transactions, and it does not share your personal information with third parties. However, like any financial service, it's important to use it responsibly and ensure you're aware of the terms and conditions.

How does Simpl App Pay Later work?

Simpl allows users to make purchases and pay for them later in a single bill, without immediate payments.

What are the eligibility criteria for using Simpl?

Eligibility includes being a legal resident, having a valid mobile number, and a favorable credit score.

Are there any fees or interest rates associated with Simpl?

No interest rates for on-time payments, but late payments incur fees.

How does Simpl App ensure the security of its transactions?

Through encryption, security protocols, and continuous monitoring for fraud.

Can Simpl App Pay Later affect my credit score?

Yes, depending on your payment habits, it can positively or negatively affect your credit score.

How do I resolve issues or disputes with transactions on Simpl?

Contact Simpl's customer support through email or in-app support for assistance.

Does Simpl Affect Cibil Score?

Yes, Simpl can affect your CIBIL score. If you consistently miss or delay payments on your Simpl bills, it can lead to a decrease in your CIBIL score. On the other hand, making timely payments can help build and improve your credit score.

What happens if I don't pay Simpl Bill?

If you don't pay your Simpl bill on time, several consequences may occur:

Late Payment Charges: Simpl will impose late fees based on the bill amount. For example, if your bill is between ₹0 and ₹500, a fine of ₹25 will be applied.
Credit Score Impact: Simpl reports your payment activities to credit bureaus. Late or missed payments can negatively affect your CIBIL score.
Reduced Credit Limit: Consistent delays or defaults in payment could lead to a reduction in your credit limit.
Account Suspension: Persistent non-payment could result in temporary or permanent suspension of your Simpl account.
Legal Action: In severe cases, Simpl might resort to legal action to recover the overdue amount.

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