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Use 'pay later' loan facility only if interest rate is attractive

However, be careful to avoid over-leveraging

Instant loans | Shaktikanda Das


Amazon India disbursed over Rs 600 crore of credit to its customers through the ‘Pay Later’ offering, on the first day of its Great Indian Festival sale, said media reports. Besides e-commerce platforms like Amazon and Flipkart, even fintechs and banks offer this facility.

This loan facility offers access and convenience. Says Mahendra Nerurkar, chief executive officer, Amazon Pay India: “It expands customers’ access to credit. It also allows them to experience a convenient option for making payments and to manage their monthly spend better.” The ...

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First Published: Fri, October 23 2020. 17:35 IST