Millennials often opt for loans and spend money relentlessly during the festive season.
Plenty of times we fall short of cash, and opting for a short term loan at that time can often become a tedious task. Moreover, to repay the loan with extra interest rates is an add on factor and one by one, the stress just keeps on the building before we even know it.
With millennials wanting everything at their fingertips in today's date, such as the ability and money to shop online, fine-dining in fancy restaurants, watching movies or even weekend solo trips or with friends. With a tight budget in hand, fulfilling certain unavoidable events can sometimes become next to impossible.
Although, these platforms below, has a different way that can help one manage their expenditures and credit in an easy way, by yet having our hands on all activities.
slice is a fin-tech startup focused on India’s youngsters. They aim to build a smart, simple and transparent financial platform to redesign the financial experience.
slice provides its users with a “slice Card” upon signing up. Using this slice card, the user can place/ pay for any orders in the entire month. There is an option of converting into EMIs and can be paid monthly in case the amount spent increases.
The ultimate platform for quicker bookings. Just like people not like a buffering period and longer processes in today's era, ePayLater is a platform that can help one finishing placing orders in just 10 seconds. ePayLater is formed keeping the convenience of the young generation in mind. It has several merchants onboard so, no longer one has to go through ‘failed bookings’ or ‘Long checkout processes during shopping’ or ‘running out of low balance due to weekend cravings’. This platform offers a credit period of 14 days from the date of every single transaction to repay the amount without imposing any interest charges. Paying back on time to time basis is a win-win, as they also provide with exciting discount vouchers on timely repayments.
Simpl is a technology company that works with merchants and financial institutions to enable a world where every monetary interaction is effortless and transparent. This platform gets all the online purchases added up and lets the user pay the total amount in one go, eliminating the hassle of paying again and again on different shopping sites. The spending limit here is determined based on the user's purchase history, timely repayments and a few other factors.
Lazy pay is another platform with innovative technology, exceeding the reach of financial services in growth markets. They provide a payment experience that places convenience at the centre of the journey. Everyone is sometimes broke, low on funds and straining their budgets. Lazypay helps meet all the financial needs with a quick, easy and convenient credit, online. It lets the user shop online across 100+ merchants and Paylater at checkout. All purchases are consolidated into a Lazypay Bill, due on 3rd and 18th of every month.