ePayLater is a deferred payment solution which gives you a interest free credit period of 7/14 days for all your purchases from select partner merchants. You can get up to Rs 25 lakh credit limit and there is no processing fees. To avail the ePayLater credit limit please download ePayLater Business app from Playstore and complete the simple sign-up journey.

ePayLater provides multiple benefits to buyers as well as sellers. If you are a buyer, you can enjoy an interest free credit up to 14 days, which helps you manage your business purchase requirement without using your Savings Account balance. This credit limit is applicable across product categories and across select merchants. It gives you the freedom to choose the best products at best prices on credit. It is the one stop solution for all your credit needs. You can get up to Rs 25 Lakhs credit limit and there is no processing fees charged for applying. ePayLater also helps you manage your accounts by providing details of transactions etc for easy bookkeeping. Also you can avail attractive discounts and cash back offers which are given by ePayLater from time to time.

If you are a seller, ePayLater helps you in getting more customers and increasing sales. It takes away the hassle of assessing credit risk and blocking your capital. It also helps in reducing collection costs as it is a completely digital solution.

In case customer payments are not received on the due date a penal interest of 3% per month is charged on the pending amount from the transaction date. There is late fees/bounce charge of Rs 500 in case the balance is found to be insufficient when a NACH debit is attempted. GST is applicable on the late payment charges. Overdue payment are reported to credit bureaus (eg CIBIL) and may impact your score.

ePayLater accounts are reviewed periodically and sanction limit may change from time to time depending on your transaction history and other factors. Please keep using ePaylater Business app. ePaylater will send a notification once you are eligible.

There are no processing fees and there is no prepayment penalty. If you pay prior to the due date there are no interest costs to be paid.

In case of late payment, there would be a penal interest of 3% per month charged to the customer from the transaction date. There can be additional charges in the form of late payment/bounce charges in case of insufficient balances in your account. Goods and Services Tax (GST) is applicable on the late payment charges.

ePayLater dues is debited automatically from your linked Bank Savings Account. You should maintain sufficient balance on the due date in the linked Savings Account.

Further, you can pay your ePayLater dues using NEFT or UPI payment mode from your Savings Account in case of any outstanding dues.

The limit of your ePaylater account can range between Rs.25,000 to Rs.25 lakhs, based on your eligibility.