Credit without Credit Card. Review on Lazypay

Lazypay is a online credit platform.It gives people credit to spend on other merchants/platforms without having the actual credit card issued by the bank.

It is a very nice way, very innovative way of shopping online.It is replacing existing credit card system.

I am using Lazypay since December 2019 .Initiallly I applied by providing phone number, email Id & my Id proofs like PAN card, VoterId, Adhaar card etc.And within minutes I got approved with a credit limit of ₹; 1000.But for further to increase the limit you need to do full kyc like to show income proof just like normal credit card system thats a drawback.

Pros of using lazypay -

Fast system of payments

Get credit without traditional credit card.

Accepted by many merchants

Payments in one click only no need to enter card number etc.

Get credit limit instantly unlike banks credit card.

You will get 15 days+ 3 days= 18 days to pay the bill.

Credit spend from day 1 of the month to 15th day will have to be paid back by 18th of that month. And credit spent from 16th to last day of month have to be paid back by 3rd of next month.

Cons-

Credit limit is very low

You need to do full kyc by showing income proof whether salaried or not etc to get limit increased.

Not all the merchants or online platform are yet accepted( may be future will be accepted)

Major shopping portals are also not supported.

Overall in my opinion lazypay is a very nice concept & app is very useful.It is very user-friendly.

And Based on my personal experience I will give it 3/5 stars.