LazyPay Loan
LazyPay Loan
  • Easy to apply
  • Approval time
  • No hidden condition
  • Renewal rules
  • Service quality
  • Customer support
Contact information
Phone number: 080-6908 1111
9:00 to 21:00

LazyPay loan in India is a type of loans that are offered to people who do not want to pay interest on their loans. It is a good option for those who are looking to borrow money. However, it is important that you understand the terms and conditions that you have to take into account before applying for a LazyPay loan. You will also need to know the eligibility criteria and the loan tenure before applying.

Eligibility criteria

LazyPay offers a simple and hassle free way to pay bills. You can use it to make digital EMI payments, pay your credit card bill, or transfer your prepaid balance to your bank account. All this is done through a simple app.

Loan parameters
  • Loan amount
    Up to Rs 1 lakh
  • Interest rate
    18% - 25%
  • Tenure Range
    3 - 24 months
  • Age
    22 - 55 years

If you’re looking for a simple loan that can be repaid in a few months, you may want to consider LazyPay. Its online loan application process is fast, easy, and secure.

In order to apply, you’ll need to be an Indian citizen. You’ll also need to be at least 18 years old. Moreover, you’ll need to have a regular source of income.

Your credit score can help you determine how much you’ll qualify for. A score of 750 or above is considered excellent. That means you’ve repaid your loans on time in the past. The more loans you have, the lower your credit rating.

But, even if you don’t have a high credit score, you can still apply for an instant loan. These loans can be used to pay off debts, pay for a vacation, or fund a home renovation project.

LazyPay offers personal loans ranging from Rs. 10,000 to Rs. 1 lakh. Interest rates vary with the tenure. Typically, it takes 3 to 24 months to repay a loan.

If you’re an Indian citizen, you can get a LazyPay personal loan. Depending on your age and income, you’ll have a range of options.

Once you’ve filled out your LazyPay loan application, you’ll receive the loan amount in just a few days. You can then repay the loan in any of several ways. For example, you can choose a fixed interest rate or a variable interest rate.

Interest rate

LazyPay is an app-based lending service that offers an easy and safe online loan application process. It is a subsidiary of PayU Finance, a renowned financial service provider. This loan scheme is a boon for individuals in need of instant personal loans, whether they are shopping for a new home or looking for an emergency medical assistance.

The application is available on the App Store as well as Google Play. All you need to do is to download the app, sign up and use it. Once you have completed the application, you will be notified of your eligibility.

You can opt for a low interest rate and an extended tenure. A credit limit of up to 1 lakh can be withdrawn. However, you need to settle the total amount within 15 days of its disbursal. In case you have not made the payment, LazyPay charges you Rs10 per day.

As for the interest rate, LazyPay offers nominal Personal Loan rates. For instance, a loan of up to Rs10,000 comes with a rate of 15% per annum, while a loan of up to Rs1 lakh comes with an interest rate of 28%.

The main product of LazyPay is an instant personal loan of up to Rs10,000. With the aid of this loan, you can go on a family holiday, renovate your home, or repair your car. You can also choose to pay back the loan in convenient EMI’s.

In addition to this, you can also make a one-time payment and receive a voucher for online shopping. Alternatively, you can opt for a monthly instalment plan, which requires you to pay a fixed amount every month.

Loan tenure

LazyPay is not one of those loan companies that offer a hefty fee and take up to two months to disburse. But, the company’s lending arm, PayU, does offer personal loans to its customers. As such, the service is a convenient and hassle-free way to get the money you need, when you need it.

The company offers personal loans to salaried and self-employed Indians. To qualify for the loan, you must be 18 years old and a resident of India. In addition, you must have a salary of at least Rs. 12,000 per month. You will also need to show proof of address, proof of employment and a valid credit card.

LazyPay’s loan-scheduling app offers one-tap payment. Customers can convert their credit limit into an EMI that’s ready to use. A no-cost EMI option is also available. If you have an aforementioned bank account, you can also use the credit line to shop online.

For a nominal 2% of the transaction, LazyPay’s service provides a plethora of features including a no-cost EMI. Also, the company offers up to one lakh in buy-now-pay-later loans. Additionally, the company’s credit card can be used to make purchases in over 38,000 merchant locations across the country. It’s also the only Indian online shopping app to offer an auto bill payment system.

One of the best features of the LazyPay app is that it allows you to make purchases from top-notch merchants while keeping your wallet intact. Besides, the company’s lending branch offers a range of flexible tenures to suit your needs.

However, the LazyPay loan service is not for everyone. The company offers a range of loan products that can be used for everything from family holidays to medical emergencies.

Charges for non-payment

If you’re planning on getting a LazyPay loan, you will need to fill up an application form and undergo a background check. Once you’re approved, you can access the funds in your bank account within 24 hours.

One of the perks of this kind of credit service is the interest-free EMI options. You can choose from a range of options spanning three to twelve months. It’s also a safe and secure way to pay for your purchases. However, be sure to read the fine print before signing on the dotted line.

For instance, some companies may charge you for late payments. Flipkart’s Pay Later scheme charges late payment fees of Rs 60 to Rs 600.

As with any credit service, you need to be prepared with the money before the due date. Moreover, you can opt for a deferred payment option, which is a low-ticket sized solution that lets you enjoy your experiences without the hassles of a big bill.

A BNPL service provider like LazyPay will even let you choose from a range of payment methods. They have tie-ups with merchants and enable you to make small payments on a regular basis.

The buy now, pay later concept is a fad amongst the consumer crowd in India. Many companies offer a small-ticket version of this concept to help consumers enjoy the perks of a new credit card without having to break the bank.

While there are a number of BNPL providers in the market, it’s important to remember that not all are created equal. Some of these services may levy a prepayment fee if you close your loan before its expiry date.


LazyPay is one of the most popular pay later services in India. It is powered by PayU and disburses more than 1 million loans every month. The repayment process is simple. Unlike most other pay later options, LazyPay offers interest-free EMIs if you make your loan payment on time.

Aside from offering an easy way to pay online, LazyPay has an attractive range of features. For instance, you can choose to pay by cash, by debit card, or by credit card. You can also set up automatic payments.

LazyPay also allows you to repay the amount in 15 days. To do so, you simply have to download the app. Upon registering, you can choose from three methods for collecting your payment.

Another advantage of LazyPay is that it offers no hidden fees. Young Indians are averse to paying for items with hidden charges.

With an easy, paperless application process, you can avail a personal loan through LazyPay. You can get a loan of up to Rs. 30,000. However, you can only use this amount if you have a UPI ID and a PAN.

LazyPay can be used for making purchases from more than 100 merchants in India. You can also purchase from offline stores and services.

In addition to the wide array of merchants, LazyPay offers an easy-to-use loan application process. Once you have a PAN and an Aadhaar, you can apply for a LazyPay loan. If you are approved, you can opt to make payments through an EMI or by lump sum.

Moreover, LazyPay accepts UPI, and you can pay your loan at any location. Additionally, LazyPay offers a variety of interest-free EMI options.

LazyPay Loan
  • Age 18 +
  • India citizen or permanent resident
  • Bank statement of salary account for the past two years
Obtaining methods
  • Credit/Debit card
  • Bank account
Hema Prakash
Hema Prakash
Good service from CreditMantri, answered all questions
Jiya Balaji Balan
Jiya Balaji Balan
The amount of the online loan was 2 lakh for a period of 3 years. Conditions like everywhere
Gulzar Ahuja
Gulzar Ahuja
after the application was approved, the interest rate went up...
Parveen Raj Amin
Parveen Raj Amin
I applied for a Moneytap personal loan online. They ask for a lot of documents, so it\'s better to prepare in advance
Jagat Dev Swaminathan
Jagat Dev Swaminathan
I mainly use credit applications, there are usually more favorable interest rates and the process of obtaining a loan is easier
Babita Darpan Gandhi
Babita Darpan Gandhi
This is not the first time I have taken a personal loan via the Internet, everything is fast and convenient
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