A thread on BNPLs

Yeah, that’s a rule for most but not all.
Coz there are many BNPLs who don’t report anything to bureaus unless you default.
So yeah not reporting while you keep all your loan accounts minimum and clear can be overwhelming factor for some to get BNPLs.
I think that’s what he is talking about.

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For those who want best secured credit card with the min FD of Rs.5,000.

Note : IDFC Is the best bank in reporting to credit bureau Personal Experience

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Are they the latest entrant to the BNPL segment? or Did I missed?
Is anyone using this service?

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The app is 7 month old however I had seen it on playstore but never installed,so no experience using it.

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@Mukesh_kumar_Bharti @razack Don’t use Its chargeable!!.

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How is your experience with IDFC bank? Have u faced any downtime on UPI?

I am thinking of testing it… IDFC account scheme for college students

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@CarolinMerces Can you Please tell the Eligibility in simple words? IDFC

  1. Employment status?
  2. Credit Score?
  3. Available City/State?
  4. Limit
  5. Hidden charges if any ?

Some downtime I have seen but not much its good you can try. IDFC’s UI is also very good.

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Are you asking about IDFC’s secured or unsecured card?

I should checkbit out :ok_hand:. Thnx

UnSecure card @CarolinMerces

I have shared a link you can check it out limit depends on FD

RBI on BNPL dated June 20, 2022.

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