What does It Offer?
ZIP Pay Later loan equips users with up to Rs 60,000 at 0% interest* which can be used at their favourite brands to shop, order groceries, medicines, food, pay bills and much more. The ZIP balance can be checked by simply clicking on ZIP icon. The ZIP bill is generated twice a month, every 15 days. ZIP is one of the special Pay later options in which the credit allowance increases as the usage increases. So for example, a user might be disbursed just Rs 5000, but if they keep repaying the ZIP bill on time, their credit limit increases and can go up till anywhere up to Rs 60,000.
How Do I Avail the ZIP PayLater option?
It is very easy to avail ZIP on MobiKwik which enables users to shop now, pay later. All one needs to do is just follow the below mentioned steps.
- Download the MobiKwik app & sign up
- Click on ‘See All Services’
- Now click on ‘ZIP/ Pay Later’
- Now click on ‘Activate ZIP’
And that’s it! Users will be allowed a credit up to Rs 60,000 as per their credit history. The disbursed amount can be used to shop at more than 1 Lakh brands and take advantage of buy now, pay later with MobiKwik.
Why Choose ZIP Pay Later by MobiKwik?
There are several reasons why a user should opt for pay later apps like MobiKwik. Few reasons are mentioned below.
Improves Credit Score- Repayment of bills on time enhances the user credit score. First time credit availers will be benefited since they can use this product to build a decent credit score which will help them in future to get good interests and high amount loans.
No More Money Shortage- Since ZIP can be used on 1 lakh+ brands, users don't really have to worry about money shortage because ZIP can help them out at that moment and they can repay the bill after 15 days, which essentially gives them a breathing window.
Hassle Free- ZIP involves minimal documentation and no collateral unlike other credit facilities so it's hassle-free and easy to avail for anybody.
0% Interest- The ZIP amount is credited at 0% interest to all the users if the bill is paid on time.