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Review: LazyPay

Most of us carry several transactions online. Whether is booking a flight ticket or ordering food, several online transactions take place. While booking a flight ticket is convenient, paying for the ticket through net banking and debit card may involve some steps. You may have to log in to your internet banking and enter OTP to carry out the transaction.

Pay later apps, a deferred payment mechanism make it easy for customers to carry out transactions. The working of these pay later apps is similar to credit cards. These apps pay for the various online transactions and give you the ease of settling all the transactions in one go. These apps generally operate on a 15-day circle.

Lazy Pay is one such ‘buy now and pay later’ platform. Today, we are going to review one of the most popular pay later apps that are available for Indian customers.


What is LazyPay?

LazyPay is a part of PayU that provides a host of financial services. LazyPay is one of the different pay later platforms available in the market. Besides, the buy now and pay later facility, no-cost EMI and personal loans are also available.

Pay later Option

It allows users to purchase things on credit. You can settle the entire amount after the 15-day circle. The bill is due on 3rd and 18th of each month. With regular reminders through emails and messages, it is next to impossible to forget about the next payment date.

Just like regular credit cards, LazyPay also comes with a specific credit limit. You can check your credit limit by adding your phone number.
Add the OTP that you have received on your mobile number. Add your details such as name, PAN number etc. Lazy Pay will pull your credit score from credit bureaus.

LazyPay is available with more than 100 merchants where you can shop online and pay later. You can use it on Swiggy, Zomato, Bookmyshow, Flipkart, MakeMyTrip etc.

It has also recently announced its partnership with, Sony Liv and ALT Balaji. LazyPay will offer ‘Pay Later’ option to the subscribers of these platforms.

Personal Loan

Personal Loan is another product of LazyPay. Through LazyPay, you can get an instant personal loan of up to Rs. 1 lakh. Customers can get a loan approval of Rs.10,000 instantly.

You can easily repay the loan within three months to 24 months. Calculate your EMI through EMI calculator. Add the withdrawal amount and the tenure that you are comfortable with, to check the EMI. The interest rates range from 15% to 32%. Further, a processing fee of 2% will be applicable on the amount is withdrawn.

Also, you can check your credit limit through the site.

No cost EMI

LazyPay also allows taking a no-cost EMI from different online sites such as Flipkart. It is planning to introduce EMI option for Amazon as well.

Here are the steps through which you can opt the no-cost EMI.

Step 1: Choose your favourite online store and enter the amount that you want to take. The minimum amount should be Rs.10,000.




Step 2: You can choose between three months, six months, nine months and 12 months EMI plans.


Step 3: Once your application is approved, you will receive a voucher code. You can use that to shop at any of your favourite online store.
The application is a one-time process. You can avail multiple EMIs once the application is approved.


LazyPay easily fulfils the credit – hungry urban millennial customers. Most of these customers may not have a traditional credit card and platforms like Lazy Pay helps to cater to their demand.

However, it is very easy to get overboard with credit. Excessive credit which you may not be able to pay back on time will adversely impact your credit score as well. Hence, just like credit cards, it is best to use it in moderation.

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