Simpl Pay Later Review: Simpl’s purpose is to empower consumers and merchants to have more control over their commerce experience.
| Credit Limit | Up To 25,000 |
| Joining Fee | Zero |
| Billing Cycle | 15th of Every Month |
| Age Required | 18 – 60 year |
| Income Required | NIL |
| Late Fee | Applicable |
| Eligible For | Self-Employed / Salaried Person / Student |
Simpl is headquartered in Bangalore, India and has a global team in 3 countries.
App is innovating commerce solutions that are built on values of trust, transparency and our generation’s financial values.
Also Read: Top Pay Later Apps in India | Best Buy Now Pay Later Apps
How to Apply for Simpl Pay Later Loan
Step 1: Click on the “Simpl Pay Later” button.
Step 2: Enter your mobile number & verify through OTP.
Step 3: Fill in the basic details
Step 4: Upload Pan Card & Aadhaar Card
Step 5: Get your eligibility credit limit.
Now you can use credit limits for your needs.
Simpl Pay limit – (Simpl Pay Later Review)
| Recurring payment parameter | UPI | eNACH |
|---|---|---|
| The frequency at which Simpl can debit money from the User’s account | On-demand anytime | On-demand anytime |
| Maximum amount per transaction | Rs.5000 | Rs.100000 |
| Expiry date of mandate (after which the user has to renew) | 2 years | 5 years |
Simpl Pay Later Eligibility
Just fulfill the basic criteria to apply for Simpl Pay Later App.
- Indian Citizenship
- The applicant’s age should be 18 years or above
- Aadhaar-linked mobile number.
Documents Required for Simpl Pay Later
- Aadhaar Card
- Pan Card
- Active Bank Account
Simpl Pay Later to Bank Account
To transfer money from Simpl Pay Later to bank account, you need a Paytm account with FASTag enabled. You need to send the money to Paytm and then transfer to bank account through the FASTag recharge option.
- Open the Simpl app
- Go to Recharge & Bill payment tab
- Select the FASTag option
- Select Paytm FASTag from the list
- Enter the vehicle registration number linked with the FASTag account
- Enter the amount and proceed to the payment
- The amount will be transferred to your Paytm wallet
Simpl Pay Later charges
If you cannot pay spending money, you have to pay extra charges. Check the below list to know more:
| Amount | Charges |
| Billing Amount (0 > to <=500) | Rs 25 Charges |
| Billing Amount (500 > to <=1000) | Rs 50 Charges |
| Billing Amount (1000 > to <=2500) | Rs 100 Charges |
| Billing Amount (2500 > to <=7500) | Rs 250 Charges |
| Billing Amount (more than 7500) | Rs 600 Charges |
Simpl Pay Customer Care Number
Contact Simpl Pay Later customer care in a different way. Customer care connects you as quickly as possible.
Chat with us: You can contact customer care through “Chat with us” from simpl Pay Later App or Website.
Email ID: [email protected].
FAQs on Simpl Pay Later
Is Simpl Pay Later safe to use?
Simpl Pay Later is a trusted application. This is secure for making payments & this app is connected with 23,000+ merchants.
Is Simpl Pay Later charge a late payment fee?
Simpl Pay Later charges a late fee which is not higher than Rs. 600. To avoid late payment charges, make payment earlier.
Is Simpl Pay Later interest-free?
You can make payments through 3 interest-free EMI.
Can I transfer money from Simpl Pay Later to my bank account?
You can transfer money from your pay later wallet to your bank account using the Paytm rent payment or FasTag option.
Can I increase the pay later credit limit?
If you are a trustworthy customer & pay the credit limit amount on time, a lender will increase your credit limit.